Latest News- Telecom Market in Saudi Arabia: Consumer is expected to lead the End-user segment during 2025-2029

The Telecom Market in Saudi Arabia is being driven by Increased demand for broadband

The Telecom Market in Saudi Arabia is expected to grow at a CAGR of 2.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2.32 billion. The 5G network, an advanced mobile wireless technology, offers significant enhancements over its predecessor, 4G. With faster download speeds, reduced latency, and improved response times, this technology is a game-changer for businesses. Notably, global enterprises, including those from South Korea, the US, and China, are investing in 5G technology in Saudi Arabia to gain a competitive edge. In August 2023, Integrated Telecom Company Salam, Saudi Arabia's leading telecom operator, announced a collaboration with Oracle to drive 5G innovation across the Middle East and Africa. This collaboration underscores the growing importance of 5G technology in the region and the strategic investments being made by key players. 

Get more information on Telecom Market in Saudi Arabia by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Consumer
  • Business
• Type
  • Wireless
  • Wireline
• Application
  • Residential
  • Commercial
• Geography
  • Saudi Arabia

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand for broadband
• Surge in global mobile data traffic
• Growing investments in smart city projects

However, the market also witnesses some limitations, which are as follows:

• Rise in network attacks and online security threats
• Stringent regulatory compliances on telecom sector
• Challenges in extending telecom infrastructure to rural and remote areas

Benefits of Buying Global Telecom Market in Saudi Arabia Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Telecom Market in Saudi Arabia Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Telecom Market in Saudi Arabia is witnessing significant advancements, with infrastructure development for 5G and the utilization of White Space Spectrum. Telephone service providers focus on broadband and smartphone market growth, installing devices numbering in the millions. AI and robotics are integrated into services from Telesat, Lightspeed, and OneWeb. Customer preference shifts towards high-speed data connectivity, 5G infrastructures, value-added managed services, and advanced smartphone devices. The past, with facsimile and telegraphs, gives way to the future of wired infrastructure.

Market Research Overview

The Telecom market in Saudi Arabia encompasses telephone service providers, broadband, and smartphone sectors. Telecommunications infrastructure, including white space spectrum and 5G technology, plays a pivotal role in this industry's growth. The number of installed devices and mobile subscribers continues to rise, with an increasing trend towards 5G connections. The Indian Economy, with its substantial smartphone user base, is a significant contributor to the global communications equipment market. The Union Budget 2023 in India is expected to fuel investments in telecom infrastructure, further driving market expansion. The communications equipment market size includes revenue from sales of communication, broadcasting, and telecommunication equipment, as well as service providers' investments to enhance their communication infrastructure. The market's growth is propelled by the increasing demand for advanced technologies like 5G and the expansion of data centers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/