Saudi Arabia ICT Market Overview
Market Size in 2024: USD 43.46 Billion
Market Size in 2033: USD 71.58 Billion
Market Growth Rate 2025-2033: 5.25%
According to IMARC Group's latest research publication, "Saudi Arabia ICT Market Size, Share, Trends and Forecast by Type, Size of Enterprise, Industry Vertical, and Region, 2025-2033", The Saudi Arabia ICT market size reached USD 43.46 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 71.58 Billion by 2033, exhibiting a growth rate (CAGR) of 5.25% during 2025-2033.
Download a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-ict-market/requestsample
How AI is Reshaping the Future of Saudi Arabia ICT Market
Saudi Arabia’s ICT market growth is fueled by AI-driven network optimization, with telecom giants like STC investing heavily in smart city technology and 5G expansions.
The government’s Digital Government Authority promotes AI adoption in public services, streamlining operations and enhancing citizen engagement through predictive analytics and automation.
Massive investments in data centers and cloud infrastructure ensure AI scalability, with partnerships like DataVolt’s $20 billion deal accelerating regional AI computing capabilities.
AI-powered cybersecurity frameworks enforce strict compliance and protect critical ICT infrastructures, supporting the kingdom’s growing digital ecosystem under Vision 2030.
Saudi AI firms such as Humain, backed by the Public Investment Fund, collaborate with tech giants like AWS, driving innovation in AI applications across ICT sectors.
Saudi Arabia ICT Market Trends & Drivers:
The rapid expansion of digital infrastructure is a key driver in Saudi Arabia’s ICT market growth. The kingdom is investing billions in building state-of-the-art data centers and expanding its 5G network, with over 90% population coverage achieved. This strong infrastructure supports rising demand for high-speed connectivity and cloud services, essential for businesses and government operations. Partnerships between major telecom players like STC and global tech firms fuel innovation and service quality. Such investment creates new opportunities for digital transformation across industries, helping Saudi Arabia position itself as a regional hub for ICT solutions and smart technology adoption.
Government initiatives and regulatory reforms are shaping the ICT market’s healthy momentum. The Saudi Vision 2030 strategy emphasizes digital transformation and financial investment in innovative technology sectors. Agencies like the Digital Government Authority are pushing AI, big data, and cloud computing integration into public services, streamlining operations and improving accessibility for citizens. Licensing reforms have encouraged the emergence of new technology startups and enhanced foreign direct investment. This supportive regulatory environment improves competitiveness, attracts international partnerships, and drives broader adoption of digital technologies across private and public sectors, accelerating the overall growth of the ICT landscape.
The increasing adoption of artificial intelligence and cloud technologies is revolutionizing Saudi Arabia’s ICT sector. Leading companies like Humain and AWS are developing AI solutions that optimize network management, cybersecurity, and customer service automation. Businesses leverage AI to enhance operational efficiency and customer experiences, while cloud computing enables scalable, flexible IT infrastructure. Furthermore, cybersecurity investments rise alongside digitization, with smarter AI-driven systems protecting sensitive data and critical infrastructures. This tech-driven growth aligns with market demand for innovative, secure, and agile digital solutions, marking AI and cloud as central pillars in Saudi Arabia’s ICT market evolution.
Saudi Arabia ICT Industry Segmentation:
The report provides a detailed analysis of the Saudi Arabia ICT market share, highlighting key segments and regional contributions driving overall growth. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Analysis by Type:
Hardware
Software
IT Services
Telecommunication Services
Analysis by Size of Enterprise:
Small and Medium Enterprises
Large Enterprises
Analysis by Industry Vertical:
BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Others
Regional Insights:
Northern and Central Region
Western Region
Eastern Region
Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Recent News and Developments in Saudi Arabia ICT Market
August 2025: Saudi Arabia launches comprehensive 5G infrastructure expansion across rural regions, achieving 85% national coverage and enabling IoT deployment in agricultural and industrial sectors.
July 2025: NEOM announces the establishment of a quantum computing research center in partnership with global tech giants, positioning Saudi Arabia as a leader in next generation computing technologies.
June 2025: The Saudi Data and AI Authority (SDAIA) unveils new data localization policies requiring cloud service providers to establish in-country data centers, boosting local ICT infrastructure investments.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302