IT Market in Saudi Arabia: 5.11% Y-O-Y Growth Rate in 2022 | Key Drivers, Trends, and Market Forecasts|17000+ Technavio Research Reports
NEW YORK , May 9, 2022 /PRNewswire/ -- The IT Market Value in Saudi Arabia is set to grow by USD 5 million, progressing at a CAGR of 7.78% from 2021 to 2026, as per the latest report by Technavio. The market is segmented by end-user (government, telecommunication, BFSI, oil and gas, and others) and component (hardware, services, and software).
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IT Market in Saudi Arabia End-user Outlook (Revenue, USD mn, 2021-2026)
- Government - size and forecast 2021-2026
- Telecommunication - size and forecast 2021-2026
- BFSI - size and forecast 2021-2026
- Oil and gas - size and forecast 2021-2026
- Others - size and forecast 2021-2026
The IT market share growth in Saudi Arabia by the government segment will be significant during the forecast period. The use of IT in the government sector is primarily in areas such as defense, development of public utilities, government-controlled energy companies, public healthcare, municipal and rural affairs, and housing development. The Vision 2030 Program of the Saudi Arabian government envisages significant IT investments through the government sector and the National Transformation Program (NTP) initiative.
IT Market in Saudi Arabia Component Outlook (Revenue, USD mn, 2021-2026)
- Hardware - size and forecast 2021-2026
- Services - size and forecast 2021-2026
- Software - size and forecast 2021-2026
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Some of the Major IT Companies in Saudi Arabia:
- Accenture Plc- The company offers artificial Intelligence hat allows machines to sense, comprehend, act and learn in order to extend human capabilities.
- Alphabet Inc.- The company supports and develops companies applying technology to the biggest challenges.
- Cisco Systems Inc.- The company offers Internet of things management and automation which simplifies management complexity, and deploys and operates at a scale and others.
- Ejada- The company offers industry specific solutions such as for banking and finance, government, telecommunications, cross industry business olutions and others.
- Hewlett Packard Enterprise Development LP
- Huawei Investment and Holding Co. Ltd.
- International Business Machines Corp.
- Microsoft Corp.
- Oracle Corp.
- SAP SE
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IT Market in Saudi Arabia Value Chain Analysis
Our report provides extensive information on the value chain analysis for the IT market in Saudi Arabia, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the IT consulting and other services market includes the following core components:
- Inputs
- Operations
- Marketing and sales
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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IT Market in Saudi Arabia Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 7.78% |
Market growth 2022-2026 | $ 5.00 million |
Market structure | Fragmented |
YoY growth (%) | 5.11 |
Performing market contribution | Saudi Arabia at 100% |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Accenture Plc, Alphabet Inc., Cisco Systems Inc., Ejada, Hewlett Packard Enterprise Development LP, Huawei Investment and Holding Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., and SAP SE |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 6
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 06: Parent market
Exhibit 07: Market Characteristics
2.2 Value chain analysis
Exhibit 08: Value Chain Analysis: IT consulting and other services
2.2.1 Inputs
2.2.2 Operations
2.2.2.1 Pitching and profiling
2.2.2.2 Resourcing and communicating
2.2.2.3 Delivery and support
2.2.2.4 Connecting and innovating
2.2.3 Marketing and sales
2.2.4 Service
2.2.5 Support activities
2.2.6 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by End-user
5.1 Market segments
The segments covered in this chapter are:
- Government
- Telecommunication
- BFSI
- Oil and gas
- Others
Exhibit 20: End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 21: Comparison by End-user
5.3 Government - Market size and forecast 2021-2026
Exhibit 22: Government - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Government - Year-over-year growth 2021-2026 (%)
5.4 Telecommunication - Market size and forecast 2021-2026
Exhibit 24: Telecommunication - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Telecommunication - Year-over-year growth 2021-2026 (%)
5.5 BFSI - Market size and forecast 2021-2026
Exhibit 26: BFSI - Market size and forecast 2021-2026 ($ million)
Exhibit 27: BFSI - Year-over-year growth 2021-2026 (%)
5.6 Oil and gas - Market size and forecast 2021-2026
Exhibit 28: Oil and gas - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Oil and gas - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 30: Others - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by End-user
Exhibit 32: Market opportunity by End-user
6. Market Segmentation by Component
6.1 Market segments
The segments covered in this chapter are:
- Hardware
- Services
- Software
Exhibit 33: Component - Market share 2021-2026 (%)
6.2 Comparison by Component
Exhibit 34: Comparison by Component
6.3 Hardware - Market size and forecast 2021-2026
Exhibit 35: Hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Hardware - Year-over-year growth 2021-2026 (%)
6.4 Services - Market size and forecast 2021-2026
Exhibit 37: Services - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Services - Year-over-year growth 2021-2026 (%)
6.5 Software - Market size and forecast 2021-2026
Exhibit 39: Software - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Software - Year-over-year growth 2021-2026 (%)
6.6 Market opportunity by Component
Exhibit 41: Market opportunity by Component
7. Customer Landscape
7.1 Overview
Exhibit 42: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Launch of National Transformation Program
8.1.2 Use of IT in the creation of NEOM
8.1.3 Booming e-commerce sector
8.2 Market challenges
8.2.1 Increasing threat of cyber crimes
8.2.2 Fluctuating oil prices
8.2.3 Stringent laws and regulations
Exhibit 43: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing demand for e-governance
8.3.2 Emerging technologies
8.3.3 Change in economic structure
9. Vendor Landscape
9.1 Overview
Exhibit 44: Vendor landscape
9.2 Landscape disruption
Exhibit 45: Landscape disruption
Exhibit 46: Industry risks
9.3 Competitive scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 47: Vendors covered
10.2 Market positioning of vendors
Exhibit 48: Market positioning of vendors
10.3 Accenture Plc
Exhibit 49: Accenture Plc - Overview
Exhibit 50: Accenture Plc - Business segments
Exhibit 51: Accenture Plc - Key offerings
Exhibit 52: Accenture Plc - Segment focus
10.4 Alphabet Inc.
Exhibit 53: Alphabet Inc. - Overview
Exhibit 54: Alphabet Inc. - Business segments
Exhibit 55: Alphabet Inc. - Key news
Exhibit 56: Alphabet Inc. - Key offerings
Exhibit 57: Alphabet Inc. - Segment focus
10.5 Cisco Systems Inc.
Exhibit 58: Cisco Systems Inc. - Overview
Exhibit 59: Cisco Systems Inc. - Business segments
Exhibit 60: Cisco Systems Inc. - Key news
Exhibit 61: Cisco Systems Inc. - Key offerings
Exhibit 62: Cisco Systems Inc. - Segment focus
10.6 Ejada Systems Ltd.
Exhibit 63: Ejada Systems Ltd. - Overview
Exhibit 64: Ejada Systems Ltd. - Product and service
Exhibit 65: Ejada Systems Ltd. - Key news
Exhibit 66: Ejada Systems Ltd. - Key offerings
10.7 Hewlett Packard Enterprise Co.
Exhibit 67: Hewlett Packard Enterprise Co. - Overview
Exhibit 68: Hewlett Packard Enterprise Co. - Business segments
Exhibit 69: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 70: Hewlett Packard Enterprise Co. - Segment focus
10.8 Huawei Investment and Holding Co. Ltd.
Exhibit 71: Huawei Investment and Holding Co. Ltd. - Overview
Exhibit 72: Huawei Investment and Holding Co. Ltd. - Business segments
Exhibit 73: Huawei Investment and Holding Co. Ltd. - Key news
Exhibit 74: Huawei Investment and Holding Co. Ltd. - Key offerings
Exhibit 75: Huawei Investment and Holding Co. Ltd. - Segment focus
10.9 International Business Machines Corp.
Exhibit 76: International Business Machines Corp. - Overview
Exhibit 77: International Business Machines Corp. - Business segments
Exhibit 78: International Business Machines Corp. - Key news
Exhibit 79: International Business Machines Corp. - Key offerings
Exhibit 80: International Business Machines Corp. - Segment focus
10.10 Microsoft Corp.
Exhibit 81: Microsoft Corp. - Overview
Exhibit 82: Microsoft Corp. - Business segments
Exhibit 83: Microsoft Corp. - Key news
Exhibit 84: Microsoft Corp. - Key offerings
Exhibit 85: Microsoft Corp. - Segment focus
10.11 Oracle Corp.
Exhibit 86: Oracle Corp. - Overview
Exhibit 87: Oracle Corp. - Business segments
Exhibit 88: Oracle Corp. - Key news
Exhibit 89: Oracle Corp. - Key offerings
Exhibit 90: Oracle Corp. - Segment focus
10.12 SAP SE
Exhibit 91: SAP SE - Overview
Exhibit 92: SAP SE - Business segments
Exhibit 93: SAP SE - Key news
Exhibit 94: SAP SE - Key offerings
Exhibit 95: SAP SE - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objective
11.1.3 Notes and caveats
11 Currency conversion rates for US$
Exhibit 96: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 97: Research Methodology
Exhibit 98: Validation techniques employed for market sizing
Exhibit 99: Information sources
11.4 List of abbreviations
Exhibit 100: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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