Saudi Arabia IT Services Market 2021–2025 Forecast and 2020 Analysis

Saudi Arabia IT Services Market 2021–2025 Forecast and 2020 Analysis

This IDC study presents an overview of Saudi Arabia's IT services market in 2020 and forecasts expenditure on IT services through 2025. The study contains market size and distribution analyses by foundation markets and vertical markets. The study also presents forecasts for 12 foundation market categories, and answers the following questions:What are IDC's predictions for spending on IT services in Saudi Arabia? What are the assumptions behind the forecast numbers, and what impact will the related issues have on the market throughout the forecast period?What are the latest trends in IT services in the Saudi Arabia in areas such as support services, project-oriented services, and managed services?"The implementation of existing digital transformation projects in Saudi Arabia will continue over the long term, with global and local IT services players having critical roles in the country's digital maturation. More partnerships between service providers that offer end-to-end digital services are expected. The increasing adoption of offshore services and remote delivery models will not only pave way for the introduction of value-based offerings that are badly needed but also deepen the talent pool in Saudi Arabia. While spending may remain cautious in the near term, the implementation and adoption of IT transformation initiatives is expected to accelerate in the coming years. In addition to the rising uptake of cloud, organizations that are increasing their efficiency, adopting remote delivery models, and improving their security capabilities will propel the growth of the IT services market." — Program Manager Mufasir Yousuf, IDC Middle East, Turkey, and Africa (META)

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Support Services
IDC Analysis of the Support Services Primary Market
Project-Oriented Services
IDC Analysis of the Project Services Primary Market
Managed Services
IDC Analysis of the Managed Services Primary Market
Overview of IT Services Spending in Saudi Arabia by Vertical Market
Combined Government
Combined Finance
Communications and Media
Market Context
Drivers and Inhibitors
Drivers
Inhibitors
Significant Market Developments
Economic Situation in the Post-Pandemic Period
Change in CIO Spending Patterns
Investments in Emerging Technologies
Offshoring Is a Viable Option
Changes from Prior Forecast
Market Definition
Foundation Market View
Methodology
Research Sources
Revenue Recognition
Notes on Forecasting
Notes on the Exchange Rates Used in the Report
Related Research

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