TECH SUPPLIER Dec 2019 - Market Forecast - Doc # META45738619

Saudi Arabia Verticals Market Forecast, 2019–2023

By: Jebin GeorgeProgram Manager, Insights, MEA, Eman ElshewySenior Research Analyst, IDC Egypt

Abstract

This IDC study forecasts Saudi ICT spending across six sectors: the consumer sector, the public sector, the manufacturing and resources sector, the distribution and services sector, the infrastructure sector, and the finance sector. IDC's 2019–2023 forecast for Saudi Arabia highlights the ICT spending priorities and potential opportunities in the market, disaggregated by these sectors.

"ICT spending in Saudi Arabia is expected to expand at a compound annual growth rate (CAGR) of 1.4% between 2019 and 2023. Digital transformation efforts in the public and finance sectors, which are the fastest growing sectors in Saudi Arabia in terms of ICT spending (with CAGRs of 6% on average), will continue to drive this ICT spending growth. The Vision 2030 initiative will also continue to have a great impact on ICT spending in Saudi Arabia, as will the rising prioritization of 3rd Platform technology adoption across all sectors." — Senior Research Analyst Eman Elshewy, IDC EMEA.


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