Saudi Arabia Telecom ICT Infrastructure Market Forecast 2025
Posted by arshiyashaikh on January 13th, 2021
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Telecom ICT Infrastructure Market, By Component (Hardware, Software, Services), By Deployment Mode (Cloud v/s On-Premises), By Network Type (Fixed v/s Wireless), By End User (Telecom Service Providers, Enterprises, Government, Others), By Region, Forecast & Opportunities, 2025” under Telecom category. The Saudi Arabia Telecom ICT Infrastructure Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
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.
Years considered for this report:
Objective of the Study:
Our Research calculated the market size of Saudi Arabia telecom ICT infrastructure market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Browse our full report with Table of Contents: http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-telecom-ict-infrastructure-market-by-component-hardware-software-services-by-deployment-mode-cloud-v/2088759
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About the Authorarshiyashaikh
Joined: February 5th, 2019
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