ICT in the Saudi Arabia: Market Opportunity Forecasts to 2030
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This product provides historical data and forecasts for ICT products and services in Saudi Arabia
The Saudi Arabia ICT market was valued at US$ 54.66 billion in 2025 and will grow at a compounded annual growth rate (CAGR) of 13.95% to reach a value of US$ 105.01 billion by 2030. The cumulative revenue generation for ICT providers in Saudi Arabia is estimated at US$ 454.56 billion for 2025-2030. In terms of vertical end-use segments, the energy sector held the highest market share of 16.0% in 2025, followed by the manufacturing sector. The banking vertical is expected to be the fastest-growing segment, at an estimated CAGR of 16.90%, during the forecast period.
Scope
This product provides revenue opportunity forecasts for ICT products and services in the Saudi Arabia from 2021 to 2030, spanning 18 IT Solutions, 127 Products/Services, 27 Verticals and 5 size bands.
Key Highlights
- The ICT market in Saudi Arabia is expected to grow at a CAGR of 75% over the forecast period.
- The country’s top three product/service categories -Mobile Data, SaaS and IoT Software.
- Mobile data is expected to be the leading ICT product/service segment in Saudi Arabia during the forecast period.
Reasons to Buy
Access the current state and 5-year growth of ICT in Saudi Arabia, along with historic trends, to identify fastest-growing products/services, the most lucrative verticals, and key contributors to future market expansion.
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