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The IT Market in Saudi Arabia - Forecast to 2023: Fluctuating Oil Prices is Hampering GrowthDUBLIN, Dec. 10, 2018 /PRNewswire/ -- The "IT Market in Saudi Arabia 2019-2023" report has been added to ResearchAndMarkets.com's offering. The IT market in Saudi Arabia will register a CAGR of almost 9% by 2023. The popularity of technologies such as artificial intelligence, the blockchain, IoT, VR and AR is rising in Saudi Arabia. Factors such as the availability of capital and political stability and long-term technology initiatives of the Saudi Arabian government provides a favorable environment to implement these advanced technologies. The Establishment of Nation Transformation Program (NTP) The main objective of the NTP is to improve the infrastructure and economic conditions of the nation. The Saudi Arabia government is taking initiatives to digitally enable all sectors of the economy such as manufacturing, BFSI, healthcare, and government under the NTP using IT. Fluctuating Oil Prices The fluctuations in oil prices severely affect the IT spending capacity of the country. This in turn, reduces business opportunities for service providers and IT product vendors. Key Players
Topics Covered PART 02: SCOPE OF THE REPORT PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 11: MARKET TRENDS
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/research/nczrjx/the_it_market_in?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/the-it-market-in-saudi-arabia---forecast-to-2023-fluctuating-oil-prices-is-hampering-growth-300762500.html SOURCE Research and Markets |