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 $1510.3 million in 2019 and is forecast to grow at 5.74% until 2025 to reach $1879.35 million in the next five years. The number of online transactions in the telecom sector is multiplying in Saudi Arabia, along with the increasing number of mobile devices.
Telecom ICT infrastructure helps in billing and revenue management, service fulfilment, etc. Thus, owing to increasing online transaction and mobile devices, the country’s telecom ICT infrastructure market is also growing significantly.
Adopting cloud technologies is increasing due to high scalability, cost efficiency, and the ease of meeting the growing need for data storage. Due to the factors above, 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.
The Saudi Arabia telecom ICT infrastructure market is segmented based on component, deployment mode, network type, end-user, company, and region. Based on the component, the market can be categorised into hardware, software, and service. The hardware segment can further be segmented into networking equipment, transmitting device and endpoint 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 to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
“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 favourable 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. The report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities in the telecom ICT infrastructure market.