TECH SUPPLIER May 2019 - Technology Segment - Doc # META43935019

Saudi Arabia IT Services Market 2019–2023 Forecast and 2018 Analysis

By: Mufasir YousufSenior Research Analyst


This IDC study presents an overview of Saudi Arabia's IT services market in 2018 and forecasts expenditure on IT services through 2023. The study contains market size and distribution analyses by foundation markets and vertical markets. The study also presents forecasts for 12 foundation market categories, and answers the following questions:

  • What are IDC's predictions for spending on IT services in Saudi Arabia? What are the assumptions behind the forecast numbers, and what impact will the related issues have on the market throughout the forecast period?
  • What are the latest trends in IT services in the Saudi Arabia in areas such as support services project-oriented services and managed services?

"The implementation and adoption of IT transformation initiatives in Saudi Arabia are expected to accelerate in the coming years. Alongside rising cloud adoption rates, market growth will be driven by the revamping of internal processes and software and the improvement of security capabilities by organizations. Positive economic indicators, rising awareness levels, and the evolving purchasing priorities of end users will also impact buying trends and influence the rate of market expansion. Service providers should adjust their offerings to accommodate these trends and other emerging customer needs." — Mufasir Yousuf, Senior Research Analyst, IDC Saudi Arabia



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