Saudi Arabia ICT Market Trends, Share, Size, Growth & Forecast 2025-2033

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.

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How AI is Reshaping the Future of Saudi Arabia ICT Market

• AI adoption hits 27.6% among Saudi businesses, with ICT sector leading at 52.8%, thanks to SDAIA's national strategy pushing tools for smarter operations and data insights.
• Vision 2030 and SDAIA fuel AI reshaping ICT by investing billions in data centers, hitting 1.5 GW capacity to power cloud and analytics nationwide.
• Saudi firms spend big on AI, 25% dropping over $50M yearly—160% surge—partnering with SAP where 81% use industry-specific solutions already.
• GASTAT shows finance at 44.7% and education at 42.1% AI uptake, transforming services via predictive analytics and automated platforms daily.
• Kingdom ranks 5th globally in AI growth, first in Arab world, with Kyndryl noting early returns as enterprises scale AI for efficiency gains.

Saudi Arabia ICT Market Trends & Drivers:

Right now, the Saudi ICT market is moving incredibly fast, and the single biggest driver is an absolutely massive push from the government. This isn't just about policy; it's a full-blown national mission powered by the Vision 2030 blueprint, and it's translating into real money and real projects. The government itself is the largest buyer of ICT, pouring funds into digitizing everything from healthcare to financial services to create a seamless digital society. This top-down commitment is creating stable, long-term demand. A great example is the updated Digital Government Strategy, which has already digitized 98% of public services and is now focused on making them excellent, aiming for 95% citizen satisfaction by the end of the decade. This relentless focus on modernizing the state is the bedrock that everything else is built upon.

Beyond government services, the physical landscape of the country is being rewired with technology through giga-projects and a critical build-out of cloud and data infrastructure. These aren't just construction sites; they're designed from the ground up as integrated technology hubs. NEOM is the prime example, but it's part of a broader wave that's creating unprecedented demand for data centers, IoT networks, and AI-ready computing power. To support this, the Kingdom is aggressively positioning itself as a regional data hub, attracting global hyperscalers like Google, Microsoft, and AWS to open local cloud regions. This move to "sovereign cloud" is crucial, as regulations now mandate that sensitive data stays within the country's borders. This combination of futuristic city-building and foundational digital plumbing is pulling in billions in investment and making advanced tech a default requirement.

Finally, this whole digital expansion is fueling a booming and specialized market for cybersecurity and advanced technologies like AI. As more of the economy goes online, the risks and regulatory requirements grow. The cybersecurity market is already valued at over SAR 15 billion and is seeing double-digit growth, driven by mandates from the National Cybersecurity Authority. We're seeing major investments in homegrown champions, like a recent SAR 203 million injection into a local firm, DSShield, to help it scale. At the same time, the focus has sharply moved to artificial intelligence. Saudi Arabia isn't just buying AI tools; it's building its own ecosystem. The launch of the national AI company, HUMAIN, with backing from giants like NVIDIA, and goals to train thousands of specialists, shows a strategic move to develop sovereign AI capabilities tailored for Arabic language and local needs. In essence, the market is maturing from basic digitization to securing and intelligently automating the new digital economy.

Saudi Arabia ICT Industry Segmentation:

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.

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