TECH SUPPLIER Dec 2019 - Technology Segment - Doc # META44769719

Saudi Arabia Hosted, Managed, and Outsourced Services 2018 Market Analysis and 2019–2023 Forecast

By: Mufasir YousufSenior Research Analyst

Abstract

This IDC study presents analysis of the hosted, managed, and outsourcing services market in Saudi Arabia in 2018 and forecasts spending on these services through 2023. The study contains market size, vendor market shares, and forecasts for four functional market categories.

"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 organizations' revamping their internal processes and software and improving their security capabilities. Positive economic indicators, rising awareness technology 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." — Senior Research Analyst Mufasir Yousuf, IDC Saudi Arabia


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