London, 19 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the IT Market in Saudi Arabia 2015-2019, which is expected to grow at a CAGR of 6.10 percent during the forecast period of 2014-2019.
There is increasing competition in the Saudi IT Services market. The government’s long-term goal of transforming Saudi Arabia into a developed industrial economy during the forecast period has paved the way for various developments in the IT Services segment. Huge investment in broadband, increased spending on e-government initiatives such as e-business and e-transactions, hardware and software-based legacy solutions, and IT maintenance and support services boost the IT Services sector.
“The young, educated, and tech-savvy population of Saudi Arabia makes the IT market more demanding,” says Faisal Ghaus, Vice President of TechNavio.
“Currently, the IT market in Saudi Arabia is witnessing rapid growth and development, and it has been overwhelmed by the sales of tablets and office PCs.”
Key Market Drivers
- Growing Popularity of Enterprise Software
- Growing Role of Cloud Computing Solutions
- Increased Scope of IT Security and Growing Role of Business Continuity
Key Market Trends
- Implementation of e-Government Services
- Increased Support for Smart Infrastructure
- Increased Spending on Mobile Technologies
- Increased Adoption of e-Commerce
Key Market Vendors
- HP Corp.
- IBM Corp.
- Microsoft
- Oracle
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
