Saudi Arabia ICT Market Overview

Market Size in 2024: USD 43.46 Billion

Market Forecast 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 is firing up Saudi Arabia's ICT world, where 52.8% of the sector now taps into it daily, from cloud setups to cybersecurity, thanks to SDAIA's push that has 27.6% of all businesses jumping on smart tools for real gains.
• The National Data Center Strategy, rolled out by MCIT and SDAIA, eyes 1.5 gigawatts of capacity to supercharge AI and cloud, drawing big U.S. players like Supermicro into billion-dollar deals for next-level computing power.
• HUMAIN, the shiny new national AI firm backed by NVIDIA, scores SAR 203 million to build sovereign tech tailored for Arabic needs, training thousands of pros to own the ICT innovation game right here at home.
• NEOM's ICT backbone cranks with federated data centers and AI smarts for adaptive 5G connectivity, creating a thinking ecosystem that powers sustainable living and sets fresh bars for digital cities in the region.
• Mozn's AI platform shines in ICT cybersecurity, nailing fraud detection and compliance for banks with big data analytics, while Vision 2030 fuels over 400 startups like it to reshape secure digital flows.

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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