Saudi Arabia Telecom Market 2022 Growth Outlook - Integrated Telecom Company (ITC, GO Telecom (Etihad Atheeb Telecommunications Co.)

The Saudi Arabia Telecom Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Saudi Arabia Telecom Market is expected to reach expected to register a CAGR of over 10% over the forecast period 2021 - 2026.

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Top Leading Companies of Saudi Arabia Telecom Market are Saudi Telecom Company (STC), Integrated Telecom Company (ITC, GO Telecom (Etihad Atheeb Telecommunications Co.), Zain KSA, Saudi Mobily Company (Etisalat), Virgin Mobile Saudi Arabia, The Arab Satellite Communications Organization and others.

Industry News and Updates

July 2020 Zain KSA announced the expansion of the 5G network to cover all the county's regions after it had recently included Al-Jouf and the northern borders. This expansion raises its 5G network's total coverage to 30 cities throughout the country.

- June 2020 Saudi Telecom Company (STC) and CommScope announced that they are deploying 30-port antennas, enabling the operator to bring innovation toward 5G across the Middle East and North Africa (MENA). The deployment of CommScope's customized 30-port antenna enabled STC to support more technologies with less weight and wind-load on towers, solving the challenge of overburdened infrastructure and giving adequate room to deploy 5G equipment.

Key Market Trends

Broadband Services in the Country is Expected to Receive Significant Boost

- Broadband is widely available in the country through digital subscriber line (DSL), fiber, and wireless. Saudi Arabia is one of the prominent countries in the Middle East region in terms of its fiber-based broadband deployment.

- The fixed broadband services (historically led by STC) have witnessed an increase in the use of new fiber connectivity in areas such as Jeddah, Mecca, Riyadh, Medina, and Damma.

- In November 2018, Saudi Arabia's Ministry of Communications and IT (MCIT) signed an agreement with STC to implement the third phase of a project aiming to offer broadband access with download speeds of 10Mbps to 70% of households in remote areas by 2020.

- Under this deal, STC would provide broadband services to 444,076 households in more than 3,000 villages around Riyadh, Qassim, Makkah, Madinah, Al Bahah, Tabuk, Jazan, Hail, Asir, and Najran, thus extending coverage to a total of 2.5 million people. The first and second phases of the project were completed in July 2018, covering 16% of households in rural areas. Additionally, In June 2019, STC announced the official launch of 5G home broadband services in several cities in the country.

Regional Outlook of Saudi Arabia Telecom Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Saudi Arabia Telecom Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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