KSA on top of IT service growth in the Middle East

Credit: Shutterstock / Gorodenkoff This region is in full expansion of its digital capabilities, with recent investments in new data centers, cloud infrastructure and new-generation data networks. Different Governments and companies are determined to undertake digital transformation and, as a consequence, ICT spending will continue to grow in the next years. Saudi Arabia has been going through a massive economic transformation. The Kingdom is taking concrete steps to position itself as a global leader in digital technologies. The Kingdom’s Vision 2030 for a diversified economy relies heavily on digital transformation initiatives, an area the government has always focused on and heavily invested in long before the pandemic. “IT services providers are playing a key role in this ongoing transformation and have an excellent opportunity to demonstrate their skills and capabilities around emerging technologies,” says Suraj Godse, a senior research analyst at IDC. “The kingdom’s managed services market is forecast to grow at a rapid CAGR of 13.3% through 2027 and services providers need to leverage new technologies to provide cost-effective and efficient services to customers in order to position themselves value-based services partners.” IDC’s research shows that government, finance, and media and communications remain the top three industries in […]

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