IT Market in Saudi Arabia 2019-2023 | Increasing Demand for E-governance to Boost Market Growth | Technavio
Summary
It underlines DX initiatives such as improvement of the reach and quality of broadband connectivity in Saudi Arabia, and integration of IT infrastructure of the government sector for new e-services. This initiative will also help in the integration of government data into an enhanced Saudi e-Portal gateway, modernization of business environment and the economy, and augment the payment systems and channels. The primary aim of Vision 2030 is to provide better quality government delivered services by streamlining processes and diversifying communication channels. “Emerging technologies, change in economic structure, use of IT in the creation of “NEOM”, and booming of e-commerce sector are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio. The country is in the process of developing its IT infrastructure, which would require investments in network, storage, and server hardware by companies in various sectors.