Page 65 - SAMENA Trends - November-December 2022
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ARTICLE SAMENA TRENDS
ARTICLE
Saudi Arabia: Success Factors and Advancements
Towards Becoming the Leading Regional Technology
Hub
Kearney has been the advisor of choice IT and ET is classified
for leading government entities in the GCC
region, driving the strategic and digital across six key segments
agenda of nations, in close collaboration with – Hardware, Software, IT
their leadership. GCC's thriving and resilient Services, Cloud and Data
technology sector offers tremendous insights
for other countries of the SA-ME-NA region centers and Emerging
in adopting action-driven digital policies and Tech as Core while Digital
investments.
Platforms as Narrow Current
Rob van Dale Overall, driven by national ICT visions, the IT and ET sector market size
Partner and MEA Practice GCC countries are undergoing large-scale
Head - Digital Transformation technological transformation. The Kingdom for GCC countries stands
of Saudi Arabia is the GCC region’s largest at around 45 Bn USD and it
economy and is an engine propelling forecasted to grow at ~10%
significant growth of the MENA Tech Market.
As a result, the Information Technology (IT) CAGR (vs 7% Global CAGR),
and Emerging Technology (ET) markets reaching 100 Bn USD by
across the GCC region is growing at a rapid
pace. 2030.
IT and ET is classified across six key segments stands at around 45 Bn USD and it forecasted
– Hardware, Software, IT Services, Cloud and to grow at ~10% CAGR (vs 7% Global CAGR),
Data centers and Emerging Tech as Core reaching 100 Bn USD by 2030. This rapid
Lukas de Sonnaville while Digital Platforms as Narrow Current IT growth is attributed to emergence of data
Principal Technology & Digital and ET sector market size for GCC countries center and cloud businesses, increasing trend
Sanidhya Jain
Manager Digital Transformation
Figure 1: GCC IT and ET Market Size 2021 and 2030 Forecast, USD Bn
65 NOVEMBER- DECEMBER 2022
