The Saudi Arabia ICT Market report segments the industry into By Type (Hardware, Software, IT Services, Telecommunication Services), By Size Of Enterprise (Small And Medium Enterprises, Large Enterprises), By Industry Vertical (BFSI, IT And Telecom, Government, Retail And E-Commerce, Manufacturing, Energy And Utilities, Other Industry Verticals), and By Geography (North, East, West, South).

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

Saudi Arabia healthcare IT market size reached USD 3.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.7 Billion by 2033, exhibiting a growth rate (CAGR) of 8.9% during 2025-2033​. The growing support and investment from the governing agencies and regulatory bodies, rising need for efficient and cost-effective healthcare delivery, and increasing shift toward patient-centric care and engagement represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on product and services, component, delivery mode, and end user.

Saudi Arabia Enterprise ICT Market has valued at USD 12.1 Billion in 2024 and is expected to reach USD 22.84 Billion in 2030 and project robust growth in the forecast period with a CAGR of 11% through 2030

The Saudi Arabian ICT market, valued at $50.60 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 8.49% from 2025 to 2033. This expansion is driven by several key factors. Government initiatives aimed at digital transformation and Vision 2030 are significantly boosting investment in infrastructure and technology adoption across various sectors. The burgeoning e-commerce sector and the increasing demand for advanced technologies like cloud computing, cybersecurity, and artificial intelligence are further fueling market growth. Furthermore, the growing adoption of 5G technology and the expansion of broadband internet access are creating new opportunities for ICT service providers. The market is segmented by type (hardware, software, IT services, telecommunication services), enterprise size (SMEs and large enterprises), industry vertical (BFSI, IT & Telecom, Government, Retail & E-commerce, Manufacturing, Energy & Utilities, others), and geography (North, East, West, South). While the specific regional breakdown isn't provided, it's likely that urban centers will experience higher growth rates compared to rural areas. The Saudi Arabian ICT market presents a diverse landscape of players, ranging from multinational giants like IBM, Dell Technologies, and Amazon Web Services to regional and local service providers. Competition is intense, particularly in the telecommunications and IT services sectors. However, the overall market outlook remains positive, with significant opportunities for companies offering innovative solutions and catering to the unique needs of Saudi Arabian businesses and consumers. Challenges include the need for skilled talent development to support the technological advancements and ensuring robust cybersecurity infrastructure to safeguard against potential threats. The continuous focus on digital infrastructure development by the government will be crucial in driving sustained growth within the market. Recent developments include: December 2023 - Alliance Networks, a digital infrastructure service provider, and Salam partnered to offer seamless, high-capacity connectivity to businesses in the Gulf Cooperation Council (GCC) region and beyond. They will integrate Salam’s network infrastructure, including data centers and international subsea cables, with Alliance Networks’ regional presence and commercial partnerships., November 2023 - Trend Micro Incorporated, capitalizing on its partnership with Saudi Cloud Computing Company (SCCC) Alibaba Cloud, to introduce the Trend Vision One SOCaas (Security Operation Centre as a service), Advanced MXDR in the Kingdom of Saudi Arabia. This new phase marks a continuation of the companies’ commitment to providing comprehensive, vendor-direct cybersecurity services in the Kingdom of Saudi Arabia.. Key drivers for this market are: Growth of the Digital Economy, Robust Adoption of 5G Networks Across the Country; Increasing Usage of the Internet of Things (IoT) and Cloud Services. Potential restraints include: Growth of the Digital Economy, Robust Adoption of 5G Networks Across the Country; Increasing Usage of the Internet of Things (IoT) and Cloud Services. Notable trends are: Energy and Utilities to Witness Major Growth.

The Saudi Arabia ICT market reached approximately USD 44.69 Billion in 2024. The market is projected to grow at a CAGR of 9.10% between 2025 and 2034, reaching a value of around USD 106.77 Billion by 2034.

The Saudi Arabia Data Center Server Market is Segmented by Form Factor (Blade Server, Rack Server, and Tower Server), by End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Saudi Arabia digital transformation market size reached USD 10.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 82.0 Billion by 2033, exhibiting a growth rate (CAGR) of 23.1% during 2025-2033. The rapid advancements in technologies such as cloud computing, artificial intelligence, machine learning, and the Internet of Things, which provide new capabilities and efficiencies, prompting organizations to adopt them for competitive advantage, is driving the market.

Saudi Arabia big data and artificial intelligence market size reached approximately USD 1.30 Billion in 2024. The market is projected to grow at a CAGR of 29.80% between 2025 and 2034, reaching a value of around USD 17.65 Billion by 2034.

Saudi Arabia Construction Software Market has valued at USD 34 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 2.5% through 2029.

Saudi Arabia Telecom ICT Infrastructure Market By Size, Share, Trends, Growth, Forecast 2016-2030, Segmented By Component, By Deployment Mode, By Network Type , By End User, By Region, Competition Forecast and Opportunities

Saudi Arabia data center market size reached USD 2.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.7 Billion by 2033, exhibiting a growth rate (CAGR) of 15.6% during 2025-2033. The rising amount of digital information, coupled with the escalating need for cloud computing network services, is primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on data center size, tier type, and absorption.

Saudi Arabia food services market is growing owing to the rising population, shifting preferences of the young and active generation that uses digital media extensively

Saudi Arabia social intranet software market size is projected to exhibit a growth rate (CAGR) of 26.7% during 2025-2033. The growing emphasis on data security and compliance, which enhances the demand for social intranet software that ensures the protection of sensitive information, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type and application.

Saudi Arabia data analytics market size reached USD 689.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6,741.5 Million by 2033, exhibiting a growth rate (CAGR) of 28.8% during ​2025-2033​. The expanding information technology (IT) sector, along with the growing focus of businesses on making data-driven decisions, is primarily driving the market growth.

The revenue in the 'Storage Units' segment of the consumer electronics market in Saudi Arabia was forecast to continuously increase between 2024 and 2029 by in total 26.7 million U.S. dollars (+7.39 percent). After the fifth consecutive increasing year, the indicator is estimated to reach 387.97 million U.S. dollars and therefore a new peak in 2029. Find more information concerning North America and Finland. The Statista Market Insights cover a broad range of additional markets.

Explore Saudi Arabia's data analytics market, key trends, and future growth insights. Get expert forecasts on AI and Big Data adoption until 2033.

Saudi Arabia's main stock market index, the TASI, rose to 11005 points on June 4, 2025, gaining 1.59% from the previous session. Over the past month, the index has declined 3.66% and is down 4.75% compared to the same time last year, 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 June of 2025.

Saudi Arabia Software as a Service Market driven by the increasing government emphasis of the strengthening the non-oil sector across the Saudi Arabia

The Saudi Arabia Data Center Storage Market report segments the industry into By Storage Technology (Network Attached Storage (NAS), Storage Area Network (SAN), Direct Attached Storage (DAS), Other Technologies), By Storage Type (Traditional Storage, All-Flash Storage, Hybrid Storage), By End User (IT & Telecommunication, BFSI, Government, Media & Entertainment, Other End Users).