Saudi Arabia is currently going through an unprecedented growth in terms of digital transformation. It is one of the leading countries in the world in terms of connectivity, technology adoption and investment in data infrastructure. How are Saudi companies navigating this new business landscape?
In Saudi Arabia, the future is now.
Connectivity and technology adoption
When it comes to connectivity and technology adoption, Saudi Arabia is one of the world’s leading countries:
Source: Datareportal
Artificial intelligence
The AI market in Saudi Arabia:
- Valued at US$ 3.11 billion in 2023.
- The software segment led the market, with a 35.9% of revenue share in 2023.
- Projected to grow at a compound annual growth rate of 42.6% between 2024-2030.
- Revenue forecast for 2030: US$ 38.88 billion
Source: Grand View Research
Saudi Arabia is on its way to emerge as a global data center hub
The AI market in Saudi Arabia:
- By 2030, US$ 15 billion are expected to be invested in data centers.
- A regulatory framework is in place, enabling data center growth.
- Lower energy cost (30-50% lower compared to the global average) improves data center operators’ profitability.
Source: Roland Berger
A surge in demand for software solutions in Saudi Arabia
As Saudi businesses increasingly embrace digital transformation, the demand for skilled software developers is soaring.
- The Saudi Arabia custom software development market generated a US$ 638 million revenue in 2023 and is projected to reach US$ 2.40 billion by 2030.
- The market’s forecasted growth is at a CAGR of 20.9% during 2024-2030.
- In terms of segment, enterprise software was the largest revenue generating in 2023 and is the fastest growing one.
Source: Grand View Research
Software and talent as key for Saudi companies’ success
By investing in critical infrastructure and creating a supportive regulatory environment, Saudi Arabia is leading the Middle East’s digital transformation and emerging on the global stage as a key player in several digital segments.
Saudi companies are quickly catching up with this unprecedented change, by implementing digital transformation strategies. Key elements to this are:
- Custom software
- Experienced senior talent
Is your company ready for these changes? Contact Q Agency today to transform your business and become part of Saudi Arabia’s new digital landscape. This will enable you to stay competitive and increase your growth. We are developing software solutions for Saudi Arabia’s biggest enterprises.
Sela and VIA Riyadh – helping our Saudi client achieve success
We have built a custom digital solution for the world’s premier luxury destination.
VIA Riyadh website and mobile app
Sela is the premier events management company based in Saudi Arabia, with operations spanning globally. One of their newest ventures, Via Riyadh, opened in May 2023, with over 144,000 square meters of surface.
Sela’s team, in collaboration with Q Agency, developed a brand new website and mobile application for Via Riyadh.
We were responsible for:
- UX/UI design
- Frontend development
- Backend development
- Mobile app development
- A segment of UX copywriting and microcopy for the mobile app
We have delivered the results in record time.
Let us help you achieve your business goals and delight your customers:
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ABOUT AUTHOR
Luka Maras
