Saudi Arabia Telecom ICT Infrastructure Market to Be Valued USD 1879.35 Million by 2025
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"
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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 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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