Saudi Arabia telecom ICT infrastructure market was valued USD 1510.3 Million in 2019 and is forecast to grow at 5.74% until 2025 to reach USD 1879.35 Million in the next five years. Growing popularity of smart devices coupled with increasing broadband & mobile penetration are driving the telecom ICT infrastructure market of Saudi Arabia.
The growing Bring Your Own Device (BYOD) trend is also resulting in demand for improving telecom connectivity across various enterprises. It offers flexibility for employees in working from home, client location or in transit thereby propelling the market during the forecast period. The launch of 5G is a major factor bolstering the growth of market. The supportive government initiatives for commercialization of 5G network are propelling the market. Furthermore, upgradation of existing telecom infrastructure by the telecom service providers in the country is further spurring the market growth. The telecom service providers are extending their network coverage and are offering more efficient and cost effective services. The flourishing connected devices market is also positively impacting the growth of market. Also, increasing cellular internet penetration coupled with the growing adoption of cloud is anticipated to fuel the market through 2025. However, increasing rate of cybercrime over the wireless telecom network can hamper the growth of market during forecast period.
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The Saudi Arabia telecom ICT infrastructure market is segmented based on component, deployment mode, network type, end user, company and region. Based on component, the market can be categorized into hardware, software and service. The service component can be further bifurcated into professional and managed. The professional services component segment is expected to dominate the market during the forecast period since these are the most preferred type of services which form the backbone of the telecom infrastructure.
Major players operating in the Saudi Arabia telecom ICT infrastructure market include ZTE Corporation, Ciena Corporation, Cisco Systems, Inc, CommScope, Inc, Fortinet, Inc, Fujitsu Ltd, Huawei Technologies Co., Ltd, Juniper Networks Inc and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Saudi Arabia Telecom ICT Infrastructure Market
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