Saudi Arabia Telecom Market Size to Surpass USD 22.7 Billion by 2033, at a CAGR of 3.4%

Saudi Arabia Telecom Market Overview

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 3.4% (2025-2033)

The telecom market in Saudi Arabia is experiencing robust growth, driven by increasing digital transformation, rising mobile and internet penetration, and strong government support through initiatives like Vision 2030. According to the latest report by IMARC Group, the Saudi Arabia telecom market size reached USD 16.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 22.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.4% during 2025-2033.

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Saudi Arabia Telecom Industry Trends and Drivers:

The telecom market in Saudi Arabia is flourishing, driven by rapid advancement of technology and an increasing demand for high-speed connectivity. The increasing demand for investment, by both private telecom providers and the Saudi government, reflects the oil-rich kingdom's demographics, where a large young population (along with the increase of smartphone penetration) drives demand for mobile data services. Young consumers expect high-quality and seamless access to mobile internet for a range of online services, from work-related to entertainment, health, and social connectivity. Large telecom companies in Saudi Arabia are continuing to invest heavily in expanding mobile networks (including 5G), and will need to speed up their efforts to meet the increasing demand for reliable high-speed connections - whether in urban or rural areas and everything in between. Turning to the government, both private and public entities are investing in high-speed telecom/digital infrastructure in line with the Saudi government's ambition and vision to transform the kingdom into a regional digital hub to stimulate innovation and diversification of the economy.

Additionally, with Digital Services, such as streaming services, online gaming, and cloud-based tools growing at an ever-increasing rate, there are much more need for data and telecom infrastructure. There is competition to bring data plans and value-added to the table in terms of data packages, subscriptions to bundled plans, and smart homes. The Government has supported this growth by creating regulatory reforms and investing in fiber-optic infrastructure to help create better connectivity across the kingdom. As the reliance on digital tools rises for businesses and individuals, this reliance will only grow more significant and the telco/businesses subsectors will be vital in shaping Saudi's digital future. There will continue to be interesting pain points to navigate organisation of the service/distribution and level of bandwidth you can maintain as this continues to grow and raise the quality of service and accessibility.

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Saudi Arabia Telecom Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

● Mobile
● Fixed-Line
● Broadband

Regional Insights:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.