target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Forecast - Doc Document number: # META50742124
Saudi Arabia IT Services Market Forecast, 2023–2028
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Abstract
This IDC Market Forecast presents a comprehensive analysis of Saudi Arabia's IT services market for the 2023–2028 period, exploring the market's key dynamics, opportunities, and challenges. It also provides a detailed analysis of spending across various IT service categories, emphasizing the public sector's role and the impact of strategic shifts toward a diversified economy and technological integration. IT service providers are encouraged to adapt to the competitive landscape, invest in innovation, and develop strategies that align with the kingdom's digital transformation goals. By doing so, they can capitalize on the growing demand for IT services and contribute to the realization of Vision 2030.
"The Saudi IT services market demands a multifaceted approach to drive success. By fostering innovation, building strong partnerships, investing in talent development, and prioritizing cybersecurity, companies can position themselves as leaders in this dynamic and ever-evolving landscape. The future of the Saudi IT services market looks promising, but success requires a proactive and strategic approach. Those providers that can successfully navigate the challenges and capitalize on the opportunities will be well positioned to drive innovation, create value, and contribute to the kingdom's economic growth." — Mufasir Yousuf, research manager, IDC