Market Research Logo

IT Market in Saudi Arabia 2019-2023

IT Market in Saudi Arabia 2019-2023

About this market

The popularity of technologies such as artificial intelligence, the blockchain, IoT, VR and AR is rising in Saudi Arabia. Factors such as the availability of capital and political stability and long-term technology initiatives of the Saudi Arabian government provides a favorable environment to implement these advanced technologies. Technavio’s analysts have predicted that the IT market in Saudi Arabia will register a CAGR of almost 9% by 2023.

Market overview

The establishment of Nation Transformation Program (NTP)

The main objective of the NTP is to improve the infrastructure and economic conditions of the nation. The Saudi Arabia government is taking initiatives to digitally enable all sectors of the economy such as manufacturing, BFSI, healthcare, and government under the NTP using IT.

Fluctuating oil prices

The fluctuations in oil prices severely affect the IT spending capacity of the country. This in turn, reduces business opportunities for service providers and IT product vendors.

For the detailed list of factors that will drive and challenge the growth of the IT market in Saudi Arabia during 2019-2023, view our report.

Completive landscape

The market appears to be fragmented with the presence of many companies. Factors such as the popularity of technologies such as artificial intelligence, the blockchain, IoT, VR and AR and establishment of Nation Transformation Program, will provide considerable growth opportunities to manufacturers in the Saudi Arabian IT market. Accenture, Ejada, IBM, Microsoft, and Oracle are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – IT Market in Saudi Arabia 2019-2023

Technavio recognizes the following companies as the key players in the IT market in Saudi Arabia: Accenture, Ejada, IBM, Microsoft, and Oracle.

Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the emergence of advanced technologies.”

According to the report, one driver influencing this market is the launch of Nation Transformation Program (NTP).

Further, the report states that one challenge affecting this market is the increasing threat of cyber-crimes.

Companies Mentioned

Accenture

Ejada

IBM

Microsoft

Oracle

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global IT spending market
      • Table Segments of global it spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Country market: Size and forecast 2018-2023 ($ billions)
      • Table Country market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Government - Market size and forecast 2018-2023
      • Table Government - Market size and forecast 2018-2023 ($ billions)
      • Table Government - Year-over-year growth 2019-2023 (%)
    • Telecommunications - Market size and forecast 2018-2023
      • Table Telecommunications - Market size and forecast 2018-2023 ($ billions)
      • Table Telecommunications - Year-over-year growth 2019-2023 (%)
    • BFSI - Market size and forecast 2018-2023
      • Table BFSI - Market size and forecast 2018-2023 ($ billions)
      • Table BFSI - Year-over-year growth 2019-2023 (%)
    • Oil & Gas - Market size and forecast 2018-2023
      • Table Oil & Gas - Market size and forecast 2018-2023 ($ billions)
      • Table Oil & Gas - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by component
    • Table Component - Market share 2018-2023 (%)
    • Comparison by component
      • Table Comparison by component
    • Hardware - Market size and forecast 2018-2023
      • Table Hardware - Market size and forecast 2018-2023 ($ billions)
      • Table Hardware - Year-over-year growth 2019-2023 (%)
    • Services - Market size and forecast 2018-2023
      • Table Services - Market size and forecast 2018-2023 ($ billions)
      • Table Services - Year-over-year growth 2019-2023 (%)
    • Software - Market size and forecast 2018-2023
      • Table Software - Market size and forecast 2018-2023 ($ billions)
      • Table Software - Year-over-year growth 2019-2023 (%)
    • Market opportunity by component
      • Table Market opportunity by component
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Accenture
      • Table Accenture - Vendor overview
      • Table Accenture - Business segments
      • Table Accenture - Organizational developments
      • Table Accenture - Geographic focus
      • Table Accenture - Segment focus
      • Table Accenture - Key offerings
    • Ejada
      • Table Ejada - Vendor overview
      • Table Ejada - Key offerings
    • IBM
      • Table IBM - Vendor overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table IBM - Geographic focus
      • Table IBM - Segment focus
      • Table IBM - Key offerings
    • Microsoft
      • Table Microsoft - Vendor overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Geographic focus
      • Table Microsoft - Segment focus
      • Table Microsoft - Key offerings
    • Oracle
      • Table Oracle - Vendor overview
      • Table Oracle - Business segments
      • Table Oracle - Organizational developments
      • Table Oracle - Geographic focus
      • Table Oracle - Segment focus
      • Table Oracle - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report