Apr 17,2021 | Telecom
The growing trend of Bring Your Own Device (BYOD) is resulting in demand for improving telecom connectivity across various enterprises. It offers flexibility for employees in working from home, client location or in transit. Additionally the growing popularity of smart devices coupled with increasing broadband & mobile penetration are driving the telecom ICT infrastructure market of Saudi Arabia. The supportive government initiatives for commercialization of 5G network which is a major factor are further propelling the market.Saudi Arabia telecom ICT infrastructure market was valued US$ 1.51 billion in 2019 and is forecast to grow at 5.74% until 2025 to reach US$ 1.88 billion in the next 5 years. Furthermore, the upgrading of the existing telecom infrastructure by the telecom service providers in the country is further spurring the market growth. The telecom service providers are extending their network coverage and are offering more efficient and cost effective services. The flourishing connected devices market is also positively impacting the growth of market. Also, increasing cellular internet penetration coupled with the growing adoption of cloud is anticipated to fuel the market through 2025.The Saudi Arabia telecom ICT infrastructure market is segmented based on component, deployment mode, network type, end user, company and region. Major players operating in the Saudi Arabia telecom ICT infrastructure market include ZTE Corporation, Ciena Corporation, Cisco Systems, Inc, CommScope, Inc, Fortinet, Inc, Fujitsu Ltd, Huawei Technologies Co., Ltd, Juniper Networks Inc and others.
The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.According to the recent market report offered by Bharatbook, the study identifies drivers and challenges for Saudi Arabia telecom ICT infrastructure market, examines competitive developments such as expansions, new product launches, mergers & acquisitions, etc. The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
To get more insights, we suggest you to visit Saudi Arabia telecom ICT infrastructure market.