Increasing mobile and internet penetration in the country to drive growth of Saudi Arabia telecom ICT infrastructure market
According to TechSci Research report, “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”, 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. Number of online transactions in telecom sector is growing rapidly in Saudi Arabia along with the increasing number of mobile devices. Telecom ICT infrastructure helps in billing & revenue management, service fulfillment, etc. Thus, owing to increasing online transaction and mobile devices, the country’s telecom ICT infrastructure market is also growing at a significant rate.
Adoption of cloud technologies is increasing due to high scalability, cost efficiency coupled with the ease of increasing need of data storage. Due to the aforementioned factors, telecom companies are adopting cloud-based solutions at a very rapid pace, which in turn, is driving the market of Telecom ICT Infrastructure in Saudi Arabia.
Browse 52 market data Figures spread through 112 Pages and an in-depth TOC on “ Saudi Arabia Telecom ICT Infrastructure Market”
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 hardware segment can further be segmented into networking equipment, transmitting device and end point device. The networking equipment hardware component is expected to hold a significant share in the market owing to the increasing proliferation of high speed mobile data and launch of 5G in the kingdom.
ZTE Corporation, Ciena Corporation, Cisco Systems, Inc, CommScope, Inc, Fortinet, Inc, Fujitsu Ltd, Huawei Technologies Co., Ltd, Juniper Networks Inc and others are some of the leading players operating in Saudi Arabia telecom ICT infrastructure market. 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.
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“Over the last few years, the deployment of on-premises Operational Support systems (OSS) and Business Support Systems (BSS) solutions dominated the market. However, cloud deployment is becoming the favorable deployment type among telecom service providers, owing to which this segment is expected to overtake on-premises deployment in the coming years. Factors like stiff competition, quickly changing customer demand for new services and pressure to reduce price are forcing the service providers to go for cloud deployment as it reduces the initial cost of on-premises deployment. Cloud deployment also helps service providers to get infrastructure as per their requirements.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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” has evaluated the future growth potential of Saudi Arabia telecom ICT infrastructure market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Saudi Arabia telecom ICT infrastructure market.
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