Telecom ICT Infrastructure in Saudi Arabia: Market By Network Type, Opportunity
Posted by arshiyashaikh on January 12th, 2022
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 (On-Premises v/s Cloud), By Network Type (Wireless v/s Fixed), By End User (Telecom Service Providers, Government, Enterprises, Others), By Region, Competition Forecast & Opportunities, 2016-2030F”under Services Market Research Reportscategory. The Telecom ICT Infrastructure in Saudi Arabia 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 stood at USD1542.32 million in 2020 and is forecast to grow at a CAGR of 9.01% until 2030. Growth in the Saudi Arabia Telecom ICT Infrastructure Market is driven by increasing spending in the telecom and ICT industry by the Saudi government. Telecom ICT Infrastructure includes all the information and communication technology infrastructure and systems that are used in an organization, such as software, hardware, firmware, networks, and the company websites. The growing Bring Your Own Device (BYOD) trend is also resulting in increased 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 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. Also, increasing cellular internet penetration coupled with the growing adoption of cloud is anticipated to fuel the market growth through 2030. However, increasing rate of cybercrime over the wireless telecom network can hamper the growth of market during forecast period.
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 services. The services 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. Professional services are project-based and usually address a specific problem or challenge. Professional Services help businesses overcome specific challenges through a dedicated project, such as a cloud migration or the deployment of new hardware.
The basis of deployment mode, the market can be categorized into cloud and on-premises. Cloud segment is expected to dominate the market during the forecast period owing to the expanding cloud computing industry in the country. The supportive government policies such as Saudi Vision 2030 and National Digital Transformation are expected to boost the Saudi Arabia Telecom ICT infrastructure Market. Additionally, Cloud First Policy stimulated public sector migration from traditional IT solutions to cloud-based models, which will boost the cloud deployment in Saudi Arabia Telecom ICT Infrastructure Market.
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:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2030
In this report, the Saudi Arabia Telecom ICT Infrastructure Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Saudi Arabia Telecom ICT Infrastructure Market, By Component:
End Point Device
Operations Support Software
Business Support Software
Network Management Software
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About the Authorarshiyashaikh
Joined: February 5th, 2019
Articles Posted: 552
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