{"id":19225,"date":"2021-01-26T16:33:00","date_gmt":"2021-01-26T13:33:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=19225"},"modified":"2026-03-27T20:18:40","modified_gmt":"2026-03-27T17:18:40","slug":"idc-predicts-it-spending-in-buoyant-saudi-market-to-top-11-billion-in-2021","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/idc-predicts-it-spending-in-buoyant-saudi-market-to-top-11-billion-in-2021\/","title":{"rendered":"IDC Predicts IT Spending in Buoyant Saudi Market to Top $11 Billion in 2021"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/saudishopper.com.sa\/ar\/?p=35813\" target=\"_blank\" rel=\"noreferrer noopener\">\u0639\u0631\u0628\u064a<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Overall spending on information and communications technology (ICT) in Saudi Arabia is set to reach $32.9 billion this year, up 1.5% in 2020. That&#8217;s according to the latest predictions revealed last week by\u00a0<a href=\"https:\/\/www.idc.com\/mea\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Data Corporation (IDC)<\/a>\u00a0as it hosted the region&#8217;s most influential ICT industry figures online for the virtual edition of\u00a0<a href=\"https:\/\/www.idc.com\/mea\/events\/68142-idc-directions-2021-middle-east-turkey-africa\" target=\"_blank\" rel=\"noreferrer noopener\">IDC Directions Middle East, Turkey &amp; Africa<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking at the event, the firm&#8217;s regional director for Saudi Arabia and Bahrain, Hamza Naqshbandi, announced that spending on IT in the Kingdom would reach $11.1 billion in 2021, with services and devices accounting form more than half of the market. He said that IT spending in the country (including mobile devices, storage, hardware, systems, and software) would grow 4.2% year on year, with the government, finance, and communications sectors to spend more than $3.6 billion on IT in 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;IDC expects that emerging technologies will continue to play a critical role in the post-pandemic digital economy as business and IT leaders in Saudi Arabia look ahead to 2021 and the new normal,&#8221; said Naqshbandi. &#8220;Saudi Arabia&#8217;s vision for a smart economy relies heavily on digital transformation initiatives, an area the government has always focused on and heavily invested in long before COVID-19. The ongoing pandemic has validated the country\u2019s strategic direction, acting as a catalyst to spur the adoption of emerging technologies.&#8221;\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The online\u00a0event hosted\u00a0more than 1,000 senior executives from the region&#8217;s\u00a0most influential technology vendors, telecommunications operators, and IT service providers. It offered an unrivaled immersive experience for participants as they seamlessly engaged in content-rich presentations and panel discussions, connect with exhibitors via video chat, and interacted with key industry players in designated networking zones. Expert speakers explored the latest trends in the cloud, artificial intelligence, cybersecurity, the Internet of Things, and intelligent automation, to name just a few.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey-1024x550.jpg\" alt=\"What's next for Saudi Digital Journey\" class=\"wp-image-19227\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey-1024x550.jpg 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey-300x161.jpg 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey-768x412.jpg 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey-1080x580.jpg 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2021\/01\/Whats-next-for-Saudi-Digital-Journey.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Providing a unique opportunity to interact with IDC&#8217;s industry-leading analysts, the event included a session titled\u00a0<em>&#8216;The Next Phase of Saudi Arabia\u2019s Digital Aspirations: Opportunities and Considerations.&#8217;<\/em>\u00a0This dedicated session provided senior ICT industry executives with an in-depth analysis of the latest trends and developments shaping the Saudi ICT market, helping them to identify key sectors, segments, and geographies to target in the coming years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Accompanied by the latest forecasts and predictions, discussions focused on the impact of disruptive technologies on the Saudi market. They contextualized the impact of the new normal on the local ICT environment. IDC experts highlighted that the public sector would remain the Kingdom&#8217;s largest in ICT spending through 2024, followed by finance and communications, with education and healthcare expected to be the fastest-growing sectors over that period.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agenda also included a fascinating panel discussion examining emerging technologies&#8217; role in realizing the next phase of Saudi Arabia\u2019s digital transformation journey. Chaired by IDC&#8217;s Hamza Naqshbandi, the panelists included: Eng. Abdullah AlQahtani, general manager for digital transformation at Yesser; Dr. Noha Ahmed Al-Harthi, technology lead at NEOM; and Sultan AbuKoshaim, CIO and governor advisor SASO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overall spending on information and communications technology (ICT) in Saudi Arabia is set to reach $32.9 billion this year, up 1.5% in 2020. That&#8217;s according to the latest predictions revealed last week by\u00a0International Data Corporation (IDC)\u00a0as it hosted the region&#8217;s most influential ICT industry figures online for the virtual edition of\u00a0IDC Directions Middle East, Turkey [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[446,24],"tags":[],"class_list":["post-19225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-computers","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- 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