Saudi Arabia’s IT sector set to reach $27bln by 2025

Saudi Arabia’s IT sector set to reach $27bln by 2025

Saudi Arabia’s IT sector set to reach $27bln by 2025WORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>BUSINESS>Technology and Telecom>Saudi Arabia’s IT sector...PHOTOSaudi Arabia’s information technology (IT) and emerging technology (ET) market is expected to reach SAR 103 billion by 2025 from SAR 81 billion in 2022, according to the country’s Communications, Space and Technology Commission (CST). The software market is forecast to see a compound annual growth rate (CAGR) of up to 11%, state-run Saudi Press Agency authority, citing the communications authority statement released at the Digital Technology Forum 2023 in Riyadh. A total of 18 tech companies have been listed on the local stock market, and over 1,000 tech companies registered on the “Manassa Tech” platform, with over 150 local products. (Editing by Seban Scaria [email protected])Disclaimer: This article is provided for informational purposes only.