TECH SUPPLIER Sep 2021 - Market Forecast - Doc # META47120621

Saudi Arabia IT Services Market 2021–2025 Forecast and 2020 Analysis

By: Mufasir YousufSenior Research Analyst

Abstract

This IDC study presents an overview of Saudi Arabia's IT services market in 2020 and forecasts expenditure on IT services through 2025. 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 of existing digital transformation projects in Saudi Arabia will continue over the long term, with global and local IT services players having critical roles in the country's digital maturation. More partnerships between service providers that offer end-to-end digital services are expected. The increasing adoption of offshore services and remote delivery models will not only pave way for the introduction of value-based offerings that are badly needed but also deepen the talent pool in Saudi Arabia. While spending may remain cautious in the near term, the implementation and adoption of IT transformation initiatives is expected to accelerate in the coming years. In addition to the rising uptake of cloud, organizations that are increasing their efficiency, adopting remote delivery models, and improving their security capabilities will propel the growth of the IT services market." — Program Manager Mufasir Yousuf, IDC Middle East, Turkey, and Africa (META)


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