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The Saudi Arabia ICT market size was valued at USD 48.76 Billion in 2025. The industry is expected to grow at a CAGR of 9.10% during the forecast period of 2026-2035 to reach a value of USD 116.50 Billion by 2035. The market growth is highly influenced by the increasing adoption of artificial intelligence (AI) and the expansion of high-performance computing infrastructure.
As the Kingdom accelerates its digital transformation under Vision 2030, demand is rising for advanced computing solutions, cloud platforms, and AI-driven analytics across industries such as energy, finance, and smart cities. Leading global and local players in the Saudi Arabia ICT market are actively investing to meet these needs while fostering the capabilities in big data and artificial intelligence sectors of Saudi Arabia.
For instance, in February 2025, Salesforce announced a USD 500 million AI-related investment in Saudi Arabia during LEAP 2025, including the launch of Hyperforce services and Arabic-language AI solutions. Building on this momentum, May 2025 saw Nvidia partnering with the PIF-backed AI company Humain to deliver 18,000 GB300 Blackwell AI chips for a 500 MW data center, enhancing sovereign AI infrastructure. These strategic investments not only strengthen local AI capabilities but also attract global technology partnerships, accelerate innovation, and reinforce Saudi Arabia ICT market value.
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As of March 2024, with a valuation of more than $40.9 billion and accounting for 4.1% of the GDP, the market stands as the largest and most rapidly expanding in the Middle East and North Africa region.
In 2023, government spending on ICT in Saudi Arabia increased by 20% compared to the previous year, amounting to SR 41.87 billion ($11.16 billion).
As per the Saudi Arabian Ministry of Commerce, between October to December 2023, issuance of cloud computing permits surged by 40% y-o-y, reaching 1,759.
Major Saudi Arabia ICT market players are making massive investments to counterbalance their positions through digital infrastructure, cloud platforms, and cybersecurity solutions. This is consistent with the transformation goals of Vision 2030, where top international players like IBM, Microsoft, and Cisco are focusing more on local partnerships, resource allocation for AI-powered services, and network upgrades. Their main goal is to provide integrated ICT solutions that will create new possibilities for innovation and leadership in the market.
Furthermore, companies are taking advantage of the Saudi Arabia ICT market opportunities to solidify their market position through acquisitions, talent development programs, and smart city collaborations. At the same time, while global players such as Amazon Web Services, Palo Alto Networks, and Accenture are excelling in cloud adoption, cybersecurity readiness, and enterprise consulting services, local players like Saudi Telecom Company are also progressing in AI and next-generation connectivity projects. Thus, all these initiatives combined will not only consolidate the firms’ market standing and broaden their service portfolios but also contribute greatly towards the realization of a tech-driven economy for the Kingdom.
IBM Corp.
IBM Corporation is a landmark company known globally for its reliable IT solutions, cloud computing, and AI technologies. These include hardware, software, and consulting services that are offered to businesses and governments worldwide. IBM was established in 1911, and it is headquartered in Armonk, New York, United States of America.
Microsoft Corp.
Microsoft Corporation came into being in 1975, and it mainly deals with technology-related issues through the development of software, cloud services, and AI-based solutions. Some of the key products of the company are Windows OS, Microsoft Office, and the Azure cloud platform, which are widely used by both businesses and individual consumers. The company’s headquarters are in Redmond, Washington, United States of America.
Cisco Systems Inc.
Cisco Systems Inc. is the leading provider of networking equipment, cybersecurity solutions, and IoT technologies. As the most innovative company in the world in the introduction of new technology, it is the one that provides secure and reliable connectivity for enterprises, governments, and service providers all over the globe. The company, which was set up in 1984, is in San Jose, California, United States of America.
Amazon.com Inc. (Amazon Web Services, Inc.)
Amazon.com Inc., a vertically integrated online retailer turned cloud service provider, was launched in 1994 and is in Seattle, Washington, United States of America. Its cloud business unit, Amazon Web Services (AWS), offers easily scalable infrastructure, AI, and data solutions for businesses of any industry.
Other players in the market include Palo Alto Networks Inc., Accenture Plc, Dell Inc., HP Inc., Trend Micro Inc., and Saudi Telecom Company SJSC, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the Saudi Arabia ICT market reached an approximate value of USD 48.76 Billion.
The market is projected to grow at a CAGR of 9.10% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 116.50 Billion by 2035.
Key strategies driving the market include heavy government ICT spending, rapid digital infrastructure expansion, strategic acquisitions and local consolidation, smart-city and next-generation networking deployments, talent development programs, AI and high-performance computing investments, and strategic partnerships for sovereign AI infrastructure.
The key trends aiding the ICT market in Saudi Arabia include the development of smart cities and the rapid adoption of technologies like 5G.
The major regions considered in the market are Makkah, Riyadh, Madinah, Qassim, and Eastern Province.
The key players in the market include IBM Corp., Microsoft Corp., Cisco Systems Inc., Amazon.com Inc. (Amazon Web Services, Inc.), Palo Alto Networks Inc., Accenture Plc, Dell Inc., HP Inc., Trend Micro Inc., Saudi Telecom Company SJSC, and others.
The major challenges that the Saudi Arabia ICT market face include high dependence on foreign technology, talent shortages in advanced ICT and AI skills, cybersecurity threats, regulatory and compliance hurdles, and integration challenges following mergers or large-scale digital deployments.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124