Saudi Arabia It Services Market Size & Outlook, 2023-2030
Saudi Arabia it services market, 2017-2030 (US$M)
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Saudi Arabia it services market highlights
- The Saudi Arabia it services market generated a revenue of USD 37,494.9 million in 2023 and is expected to reach USD 81,913.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, reactive it services was the largest revenue generating approach in 2023.
- Proactive IT Services is the most lucrative approach segment registering the fastest growth during the forecast period.
It services market data book summary
| Market revenue in 2023 | USD 37,494.9 million |
| Market revenue in 2030 | USD 81,913.4 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Reactive it services |
| Fastest growing segment | Proactive IT Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Reactive IT Services, Proactive IT Services |
| Key market players worldwide | Amazon.com Inc, Avaya, Cisco Systems Inc, DXC Technology Co Registered Shs When Issued, Fortinet Inc, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Juniper Networks Inc, Microsoft Corp, Broadcom Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.8% of the global it services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia it services market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 81,913.4 million by 2030.
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IT Services Market Scope
IT Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia it services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to it services market will help companies and investors design strategic landscapes.
Reactive it services was the largest segment with a revenue share of 53.28% in 2023. Horizon Databook has segmented the Saudi Arabia it services market based on reactive it services, proactive it services covering the revenue growth of each sub-segment from 2017 to 2030.
Saudi Arabia has been making significant strides in the field of information technology and digital transformation. The country has been investing heavily in its IT infrastructure and services to diversify its economy.
The development of smart cities, such as NEOM (New Future New Enterprise Operating Model), aims to create technologically advanced urban areas that leverage IoT, AI, and other technologies to enhance living standards, sustainability, and efficiency. This requires extensive IT services support for infrastructure development and implementation.
Furthermore, operators are putting many measures into designing an enterprise-centric or application-specific service portfolio to take the edge of the investments made in 5G networks, which are projected to expand telecom service revenue in the region.
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Our clientele includes a mix of it services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia it services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia it services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia it services market size, by approach, 2017-2030 (US$M)
Saudi Arabia IT Services Market Outlook Share, 2023 & 2030 (US$M)
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