The value of the IT services market in Saudi Arabia is forecasted to rise to $3.09 billion in 2015, according to a global firm specialised in providing technical information services and research reports.
The global firm says that this represents an annual increase of 12.5 per cent, pointing to five projects that were the major driving factors for the market. The projects’ objectives were to expand and modernise infrastructure on a large scale in the government, money, health, education, transport and care sectors.
Uzair Mujtaba, a senior research analyst for IT says: “In order to increase their business reach, better understand their customers and enable effective decision making, private sector organisations are investing in business intelligence and analytics solutions, as well as in mobile technologies.”
“The government, at the same time, is investing heavily in digitising its citizen-centric services. The egovernment services program, Yesser, is supporting this initiative by associating IT infrastructure information with government agencies and ministries, making it possible to transform the provision of services to its internal clients,” he adds.
For his part, Hamza Naqshbandi, senior manager for IT services at IDC Saudi Arabia, says: “IDC expects the IT services market in the Kingdom to continue achieving outstanding growth over the coming years, driven by the initiative of e-government, efforts to develop the telecommunications and information technology across all sectors, and projects of infrastructure development.”
($1 = AED3.67, at the time of publishing)