How big is the GCC ICT Market?

The GCC ICT Market size is expected to reach USD 129.07 billion in 2024 and grow at a CAGR of 9.49% to reach USD 203.09 billion by 2029. Read More

What is the current GCC ICT Market size?

In 2024, the GCC ICT Market size is expected to reach USD 129.07 billion. Read More

Who are the key players in GCC ICT Market?

Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, HP Inc. and SAP SE are the major companies operating in the GCC ICT Market. Read More

What years does this GCC ICT Market cover, and what was the market size in 2023?

In 2023, the GCC ICT Market size was estimated at USD 116.82 billion. The report covers the GCC ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

GCC ICT Market Share

Statistics for the 2023 & 2024 GCC ICT market share, created by Mordor Intelligence™ Industry Reports. GCC ICT share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of GCC ICT Industry

The GCC ICT Market is fragmented. The significant factors governing this force are a sustainable competitive advantage through innovation, levels of market penetration, barriers to exit, power of competitive strategy, and firm concentration ratio. Some prominent market players include Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, HP Inc., and SAP SE.

November 2023 - Google Cloud announced the opening of its new cloud region in Dammam, bringing high-performance, low-latency Google Cloud platform services to customers of all sizes, from public sector organizations and large businesses to small and medium-sized enterprises (SMEs) and startups in Saudi Arabia and the Middle East. Investment in the Middle East’s technology landscape reflects the company’s growing presence in the region and its commitment to supporting the realization of Saudi Arabia’s Vision 2030 goals.
November 2023 - Saudi Arabia’s STC Group, primarily owned by the Public Investment Fund, declared the expansion of its strategic partnership with the global tech giant Microsoft. To advance innovation throughout the kingdom, the companies would unite with the aim of deploying various advanced technology solutions that would further enhance the digitalization journey of organizations throughout several industries in Saudi Arabia.