Saudi IT spending set to exceed 11 bln in 2021

Wednesday 27 January 2021 | 10:45 CET | News
Overall spending on ICT in Saudi Arabia is set to reach USD 32.9 billion in 2021, up 1.5 percent on 2020, according to International Data Corporation (IDC). Regional director for Saudi Arabia and Bahrain Hamza Naqshbandi said that spending on IT will reach USD 11.1 billion in 2021, with services and devices accounting for more than half of the market. He said that IT spending in the country, including mobile devices, storage, hardware, systems and software, will grow 4.2 percent year on year, with the government, finance and communications sectors spending over USD 3.6 billion on IT in 2021.

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Categories: General / IT
Countries: Saudi Arabia
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