How big is the Saudi Arabia Telecom Market?

The Saudi Arabia Telecom Market size is expected to reach USD 18.32 billion in 2024 and grow at a CAGR of 3.92% to reach USD 22.22 billion by 2029. Read More

What is the current Saudi Arabia Telecom Market size?

In 2024, the Saudi Arabia Telecom Market size is expected to reach USD 18.32 billion. Read More

What years does this Saudi Arabia Telecom Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Telecom Market size was estimated at USD 17.60 billion. The report covers the Saudi Arabia Telecom Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Telecom Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Saudi Arabia Telecom Market Size & Share Analysis - Industry Research Report

Saudi Arabia Telecom Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Saudi Arabia Telecom Market Report Covers Telecom Companies in Saudi Arabia and is Segmented Into Telecom Services (Voice Services [Wired and Wireless], Data and Messaging Services, and OTT and Pay-TV Services) and Telecom Connectivity (Fixed Networks and Mobile Networks). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Saudi Arabia Telecom Industry Overview

The Saudi Arabian telecom market demonstrates a semi-consolidated landscape, featuring major players like Saudi Telecom Company (STC), Integrated Telecom Company (SALAM), Etihad Atheeb Telecommunications Company (GO), Zain KSA, and Etihad Etisalat (Mobily). These market participants are actively engaging in strategies such as partnerships and acquisitions to augment their service portfolios and establish sustainable competitive advantages.

February 2024: Zain KSA, a significant telecommunications and digital services provider in Saudi Arabia, signed a memorandum of understanding (MoU) with Huawei to promote 5.5G technology applications. The MoU's ultimate goal is to create a full-fledged suite of intelligent solutions for individuals and businesses under an "All in 5.5G" strategy by leveraging Huawei's vast experience and innovative technological solutions, including 5.5G Radio, 5.5G Core, and 5.5G Transmission. This collaboration underscores both parties' commitment to roll out pioneering technology solutions within the telecom industry by providing improved connectivity solutions with improved downlink, uplink speed, and latency.
September 2023: Zain KSA unveiled new developments on the 5G-advanced network in collaboration with Huawei at the 5.5G City Summit held in Riyadh. With this collaboration, both companies started working on the 5.5G City Innovation Project, which unlock the transformative evolution of beyond-5G technologies. By exploring 5.5G characteristics, companies aim to surpass the 300 Mbps FWA speed. This is expected to support the demand for high-speed internet in the country, thereby driving the market.