Insights on the IT Market In Saudi Arabia 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 - Technavio

LONDON--()--The IT market in Saudi Arabia is expected to grow by USD 6.24 bn, progressing at a CAGR of about 9% during the forecast period.

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The launch of the national transformation program (NTP) is one of the major factors propelling market growth.

More details: https://www.technavio.com/report/it-market-size-in-saudi-arabia-industry-analysis

IT Market In Saudi Arabia: End-user Landscape

Based on the end-user, the government sector segment is expected to witness lucrative growth during the forecast period.

IT Market In Saudi Arabia: Component Landscape

Based on the component, the hardware segment sector segment is expected to witness lucrative growth during the forecast period

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Companies Covered:

  • Accenture Plc
  • Alphabet Inc.
  • Cisco Systems Inc.
  • Ejada
  • Hewlett Packard Enterprise Co.
  • Huawei Investment & Holding Co. Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • SAP SE

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Government - Market size and forecast 2019-2024
  • Telecommunication - Market size and forecast 2019-2024
  • BFSI - Market size and forecast 2019-2024
  • Oil and Gas - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Component

  • Market segments
  • Comparison by Component placement
  • Hardware - Market size and forecast 2019-2024
  • Services - Market size and forecast 2019-2024
  • Software - Market size and forecast 2019-2024
  • Market opportunity by Component

Customer landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture Plc
  • Alphabet Inc.
  • Cisco Systems Inc.
  • Ejada
  • Hewlett Packard Enterprise Co.
  • Huawei Investment & Holding Co. Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Oracle Corp.
  • SAP SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The IT Market in Saudi Arabia will grow by USD 6.24 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/