Saudi Arabia's main stock market index, the TASI, fell to 11095 points on July 15, 2025, losing 1.05% from the previous session. Over the past month, the index has climbed 2.10%, though it remains 8.15% lower than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Saudi Arabia. Saudi Arabia Stock Market (TASI) - values, historical data, forecasts and news - updated on July of 2025.

Stock market return (%, year-on-year) in Saudi Arabia was reported at 36.72 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Stock market return (%, year-on-year) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Saudi Arabia TASI

• Saudi Arabia TASI closed at 12,111.9 points in Feb 2025, compared with 12,415.5 points at the previous month end
• Saudi Arabia Equity Market Index: Month End: TASI data is updated monthly, available from Jan 2007 to Feb 2025, with an average number of 7,907.4 points
• The data reached an all-time high of 13,733.9 points in Apr 2022 and a record low of 4,384.6 points in Feb 2009

• In the latest reports, Tadawul recorded a daily P/E ratio of 16.6 in Mar 2025

The KSA Digital Transformation Market report segments the industry into By Type (Artificial Intelligence and Machine Learning, Extended Reality (VR & AR), IoT, Industrial Robotics, Blockchain, and more), and By End-User Industry (Manufacturing, Oil, Gas and Utilities, Retail & e-commerce, Transportation and Logistics, and more).

The Saudi market for toilet paper, napkins, towels and tissue stock amounted to $1.6B in 2024, approximately reflecting the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2024: its value increased at an average annual rate of +5.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -11.0% against 2022 indices.

Snapshot img

Saudi Arabia IT Market Size 2025-2029

The Saudi Arabia IT market size is forecast to increase by USD 5.6 billion at a CAGR of 6.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the Saudi Vision 2030 national transformation program and the increasing adoption of e-governance. This strategic initiative aims to modernize the economy and reduce the dependence on oil, creating a conducive environment for IT investments. The e-governance initiative is expected to drive the demand for IT solutions in areas such as cloud computing, data analytics, and cybersecurity. However, this market is not without challenges. The increasing threat of cyber crimes poses a significant risk to IT infrastructure, requiring security measures. 
According to a recent report, cybercrime costs the Saudi Arabian economy an estimated USD 1.5 billion annually. To mitigate this risk, organizations are investing in advanced security solutions and implementing stringent security policies. Despite these challenges, the market presents significant opportunities for companies seeking to capitalize on the digital transformation trend and provide innovative solutions to meet the evolving needs of businesses and government entities. Companies that can offer secure and efficient IT solutions, particularly in the areas of cloud computing, data analytics, and cybersecurity, are expected to thrive in this market.

What will be the size of the Saudi Arabia IT market during the forecast period?

Request Free Sample

The Saudi Arabia IT market is experiencing growth, driven by increasing demand for digital transformation across various sectors. With a population of over 34 million and a growing economy, the country presents significant opportunities for hardware, software, and services providers. The market encompasses various sub-segments, including internet, mobile phones, computers, networks, data processing, real-time communication, telecommunications, data centers, cloud computing, cybersecurity, and more. Key trends include the adoption of fast internet and wireless connections for enhanced connectivity, the proliferation of 5G networks, and the integration of artificial intelligence and edge computing for improved efficiency. The healthcare sector is witnessing digitalization, with a focus on data analytics and telemedicine.
Industry 4.0 is gaining traction, driving demand for consulting, integration services, and data and analytics solutions. Cybersecurity remains a critical concern, with businesses investing in advanced solutions to mitigate data theft risks. Overall, the Saudi Arabian IT market is poised for continued expansion, fueled by the country's digital transformation initiatives.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Hardware
  Software
  Services


End-user

  Government
  IT and Telecommunication
  BFSI
  Oil and gas
  Retail and E-commerce
  Others


Deployment Type

  On-Premises
  Cloud-Based
  Hybrid


Geography

  Saudi Arabia

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period. In Saudi Arabia, organizations are investing in IT infrastructure to efficiently manage business data. This involves the deployment of servers, storage devices, network equipment, and devices such as computers, laptops, tablets, and mobile phones. The country's emerging economy is driving the demand for advanced technologies, including telecommunication networks, high-speed internet, and cloud computing. The adoption of e-governance, IoT, and Industry 4.0 is increasing in sectors like oil and gas, healthcare, pharmacy, construction, and consumer goods. Telecommunication companies are expanding their 5G networks to support real-time communication and data processing. Additionally, the rise of digital innovation and the increasing penetration of smartphones are transforming the way businesses operate.

Saudi Arabian enterprises are embracing mobility, enabling employees to work remotely and share information in real-time. Networking and security solutions are essential to ensure data protection and communication privacy. Data centers and edge computing are also gaining popularity to facilitate faster data processing and reduce latency. Cybersecurity is a significant concern as the digitalization of businesses increases the risk of data theft. Companies are investing in consulting, integration services, data and analytics, and IT management to mitigate these risks and maintain a competitive edge. The adoption of artificial intelligence and client computing is also on the rise, offering new opportunities for innovation and growth.

Get a glance at

The Saudi Arabian data center market size was worth USD 1.6 billion in 2024, and it will grow by 16.3% during 2025–2032, to reach USD 5.3 billion by 2032.

KSA Cloud Computing Market Report is Segmented by Type (Public Cloud [ IaaS, Paas, Saas], Private Cloud, Hybrid Cloud ), by Organization Size ( SMEs, Large Enterprises), by End-User Industries ( Manufacturing, Education, Retail, Transportation and Logistics, Healthcare, BFSI, Telecom and IT, Government and Public Sector. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Saudi smart surveillance market will rise from USD 710.2 million in 2024 to USD 2,179.9 million by 2032, growing at a CAGR of 15.2% during 2025-2032.

The Saudi Arabian food services market will generate an estimated revenue of USD 32.2 billion in 2024, which is expected to witness a CAGR of 8.8% during 2024-2030.

The size of the Saudi Arabia E-Commerce Market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 15.01% during the forecast period. The e-commerce market in Saudi Arabia is experiencing rapid growth, driven by increased internet penetration, a youthful population, and rising mobile device usage. As one of the largest economies in the Middle East, Saudi Arabia has a robust consumer base that’s transitioning from traditional shopping to online retail. The Vision 2030 initiative, aimed at diversifying the economy beyond oil, strongly supports the expansion of digital and e-commerce sectors. This initiative encourages foreign investments and develops infrastructure for e-commerce businesses, including improved logistics and payment systems, making the environment favorable for both local and international players. Recent developments include: February 2023: The online fashion retailer Namshi, which operated primarily in Saudi Arabia, was acquired by the e-commerce company Noon for a total cash consideration of USD 335.2 million, and this addition of more fashion and lifestyle brands to Noon's digital offering of goods and services in the country, December 2022: Sideup, an e-commerce platform developer, received USD 1.2 million in funding from local and international investors. The business was to use its investment funds to expand its operations in Saudi Arabia and shift its headquarters to Riyadh as part of its plans for Saudi Arabia.. Key drivers for this market are: Increase in Internet Penetration and Smartphone Usage, Promotion of E-commerce by the Government Sector, including Measures to Strengthen Last-Mile Delivery and Improvise Distribution Centers. Potential restraints include: Privacy and security concerns. Notable trends are: Fashion and Apparel Segment is Expected to Grow Exponentially.

Saudi Arabia Pregnancy Services Market is projected to grow around USD 11.5 billion by 2031, at a CAGR of 10.4% during the forecast period.

The Saudi Arabian communication devices market is projected to generate USD 3,915.2 million in 2024, with a growth rate of 1.7% from 2025 to 2030.

Saudi Arabia Big Data Analytics Market was valued at USD 3.58 Billion in 2024 and is expected to reach USD 12.24 Billion by 2030 with a CAGR of 22.74% during the forecast period.

The KSA Sea Food Market size was valued at USD 1 Million in 2023 and is projected to reach USD 1.5 Million by 2032, exhibiting a CAGR of 7.02 % during the forecasts periods. Seafood in Saudi Arabia incorporates catching, rearing, processing, and trading of many diverse marine and freshwater species. The sector is of great importance to the food security and economic diversification process within the country. This places it at the core of the 2030 Vision plan by the government to reduce dependence on revenues from oil. Seafood is a staple in the Saudi diet. The sector sees opportunities for development driven by an increasing demand for quality and healthy food. The government has been investing in aquaculture projects and modern fishing techniques to increase local production and reduce dependence on imports. The seafood market in KSA reflects an uptrend in consumption, with health-conscious consumers going in for protein-rich, low-fat dietary options. Retail and foodservice have always been the major channels of distribution; now, both supermarkets, hypermarkets, and restaurants offer a wide variety of products. Overfishing, environmental issues in sustainability, and cold chain logistics enhancement are some of the challenges that this industry is facing. Marketing in the seafood sector puts an emphasis on freshness, quality, and nutritional values to attract consumers from the local market and abroad. The overall outlook of the KSA seafood market is set on a promising note, driven by certain strategic initiatives and increasing awareness among consumers regarding health benefits associated with seafood consumption. Recent developments include: November 2023: NAQUA and the Saudi Agricultural and Livestock Investment Company (SALIC) have signed a strategic partnership contract. Under this agreement, SALIC agreed to raise the capital for NAQUA by way of primary investment and consequently holds a 42.4% shareholding in the NAQUA company.February 2022: Asmak announced a strategic distribution agreement with Fish Farm, a UAE-based aquaculture company. Under this agreement, Asmak distributes fish farm products to capture a wider audience locally and regionally through its processing facility and strong distribution channels, including wholesale, foodservice, and retail.January 2022: NAQUA plans to expand its production capacity from 60,000 tons of fish a year to 250,000 tons of fish a year by 2030.. Key drivers for this market are: Rising Demand for Clean Label Food & Beverage Products, Rising Demand for Dairy Products. Potential restraints include: Presence of Preservatives in Ready Meals may Hamper the Market Growth. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Saudi Arabia Automotive Composites Market is projected to grow around USD 7.8 billion by 2031, at a CAGR of 13.5% during the forecast period.

The Saudi Arabia Perfume & Deodorants market was valued at USD 2.51 Billion in 2024 and is expected to grow to USD 3.98 Billion by 2030 with a CAGR of 7.99%.

The Saudi Arabia Machine Learning Market is estimated to grow at a CAGR of around 11.5% during the forecast period 2023-28. Google Inc., Intel Corporation, CISCO Systems, and Baidu are leading companies.

The Saudi Arabia Domestic Washing Machine market was valued at USD 231.56 Million in 2024 and is expected to grow to USD 435.89 Million by 2030 with a CAGR of 11.12%.

The Saudi Arabian scaffolds erection market is projected to generate USD 426.1 million in 2024, with a 5.0% CAGR from 2025 to 2030, reaching USD 567.5 million by 2030.