Managed Services Market size in Saudi Arabia to grow by USD 963.48 million from 2022 to 2027- Technavio

NEW YORK, Oct. 27, 2023 /PRNewswire/ -- The managed services market in Saudi Arabia is set to grow by USD 963.48 million from 2023 to 2027. The market is estimated to be progressing at a CAGR of 6.93% during the forecast period. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The managed services market in Saudi Arabia covers the following areas:

• Managed Services Market In Saudi Arabia Sizing
• Managed Services Market In Saudi Arabia Forecast
• Managed Services Market In Saudi Arabia Analysis

Managed Services Market in Saudi Arabia - Vendor Landscape

The managed services market in Saudi Arabia is fragmented in nature. The managed services market in Saudi Arabia is in its growth phase. At present, client organizations across the world are focusing on process automation, simplification of the IT environment, and the development of the economic cost structure, which will provide a favorable spending environment for the market during the forecast period. The vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offerings

• ACS Services Inc. - The company offers managed services that are designed to reduce physical infrastructure footprint, foster faster innovation and provide new pathways for digital transformation.
• Amazon.com Inc. - The company offers managed services that are designed to adopt Amazon web services at scale and operate more efficiently, thus providing proactive, preventative, and detective capabilities to raise the operational bar for reducing risk without constraining agility.
• AO Kaspersky Lab - The company offers managed services that are designed to provide a wide range of information technology security services from endpoint security to hybrid cloud protection.

For market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in a minutes

Managed Services Market in Saudi Arabia - Key Market Segmentation

This Saudi Arabia managed services market report extensively covers market segmentation by type (MDS, MNS, MSS, MMS, and others), deployment (cloud and on-premises), and end-user (government, financial services, healthcare, oil and gas, and others).

• The market share growth by the MDS segment will be significant for overall market growth during the forecast period. Factors such as the lower operating costs of MDS are a significant benefit. Businesses can decrease print and paper waste while enhancing document workflow efficiency by implementing document management systems and automating procedures. Moreover, companies can rationalize their printers, copiers, scanners, and other document-related equipment with managed print services (MPS), resulting in cost savings. It also improves document security by employing secure print solutions that enable businesses to stop sensitive documents from falling into the wrong hands. Hence, such factors drive segment growth during the forecast period.

View Sample Report in minutes of this report for more highlights into the market segments.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Companies Covered

• ACS Services Inc.
• Alphabet Inc.
• Amazon.com Inc.
• AO Kaspersky Lab
• Atos SE
• Cisco Systems Inc.
• Diyar United Co.
• eHosting DataFort
• Fortinet Inc.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Co.
• International Business Machines Corp.
• Juniper Networks Inc.
• Microsoft Corp.
• Nokia Corp.
• Palo Alto Networks Inc.
• Security Matterz
• Telefonaktiebolaget LM Ericsson
• Wipro Ltd.
• Zoho Corp. Pvt. Ltd.

For more key highlights on the vendors and their offerings - View Sample Report

Managed Services Market in Saudi Arabia - Market Dynamics

Key Drivers

The growing demand for outsourcing non-core operations in banking, financial services, insurance (BFSI), and the retail sector notably drives market growth. Banks and financial institutions increasingly contract out their IT tasks, such as data management, software development, and customer support, in the BFSI industry. This results in them being able to concentrate on their core skills, which include risk management, investments, and regulatory compliance. In turn, they can lower expenses, boost operational effectiveness, and provide their clients with better services.

Also, businesses in the retail industry outsource non-core tasks like supply chain management, logistics, and inventory management, which helps them to better utilize their resources and become more competitive. Hence, such factors drive market growth during the forecast period.

Significant Trends

The increase in the adoption of cloud-based managed services in Saudi Arabia is an emerging trend influencing market growth. This trend can be attributed to the various benefits, including scalability, flexibility, and cost-effectiveness. Furthermore, factors such as the growing demand for digital transformation across various industries also drive the demand for the adoption of cloud-based managed services.

Businesses understand why they must adopt cloud-based solutions to stay competitive, now that technology is advancing so rapidly. Moreover, due to the COVID-19 pandemic, the shift toward cloud-based solutions has accelerated as businesses had to adopt remote work practices. Hence, such a trend boost market growth during the forecast period. 

Major Challenges

Data and privacy issues are major challenges hindering the market growth. The services can encounter data and privacy problems in a variety of ways. For instance, when a company outsources its IT operations to a third-party service provider, it gives the provider access to its private information and sensitive data. It may result in data breaches, hacks, or leaks of sensitive information, which may cause serious reputational harm, monetary losses, or even legal action if the service provider is not adequately regulated or vetted.

Furthermore, businesses can protect data and privacy by selecting managed service providers that employ two-factor authentication and encryption technology to safeguard sensitive data. Thus, such factors are expected to hinder the growth of the managed services market in Saudi Arabia during the forecast period.

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Related Reports:
The cloud-managed services market size is expected to increase to USD 52.62 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.37%. Furthermore, this report extensively covers cloud-managed services market segmentation by end-user (large enterprise and small and medium enterprise) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rising adoption of cloud computing services is notably driving the cloud-managed services market growth.

The managed IT infrastructure services market size is expected to increase to USD 64.51 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.34%. Furthermore, this report extensively covers managed IT infrastructure services market segmentation by end-user (small and medium enterprise and large enterprise) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rising adoption of cloud-based managed security services (MSS) is notably driving the managed IT infrastructure services market growth.

Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 08: Parent market
• Exhibit 09: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 10: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 11: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 12: Chart on Saudi Arabia - Market size and forecast 2022-2027 (USD million)
• Exhibit 13: Data Table on Saudi Arabia - Market size and forecast 2022-2027 (USD million)
• Exhibit 14: Chart on Saudi Arabia: Year-over-year growth 2022-2027 (%)
• Exhibit 15: Data Table on Saudi Arabia: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Managed services market in Saudi Arabia 2017 - 2021 
• Exhibit 16: Historic Market Size – Data Table on Managed services market in Saudi Arabia 2017 - 2021 (USD million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 (USD million)

• 4.3 Deployment Segment Analysis 2017 - 2021 
• Exhibit 18: Historic Market Size – Deployment Segment 2017 - 2021 (USD million)

• 4.4 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 (USD million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 20: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 27: Chart on Type - Market share 2022-2027 (%)
• Exhibit 28: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 29: Chart on Comparison by Type
• Exhibit 30: Data Table on Comparison by Type

• 6.3 MDS - Market size and forecast 2022-2027 
• Exhibit 31: Chart on MDS - Market size and forecast 2022-2027 (USD million)
• Exhibit 32: Data Table on MDS - Market size and forecast 2022-2027 (USD million)
• Exhibit 33: Chart on MDS - Year-over-year growth 2022-2027 (%)
• Exhibit 34: Data Table on MDS - Year-over-year growth 2022-2027 (%)

• 6.4 MNS - Market size and forecast 2022-2027 
• Exhibit 35: Chart on MNS - Market size and forecast 2022-2027 (USD million)
• Exhibit 36: Data Table on MNS - Market size and forecast 2022-2027 (USD million)
• Exhibit 37: Chart on MNS - Year-over-year growth 2022-2027 (%)
• Exhibit 38: Data Table on MNS - Year-over-year growth 2022-2027 (%)

• 6.5 MSS - Market size and forecast 2022-2027 
• Exhibit 39: Chart on MSS - Market size and forecast 2022-2027 (USD million)
• Exhibit 40: Data Table on MSS - Market size and forecast 2022-2027 (USD million)
• Exhibit 41: Chart on MSS - Year-over-year growth 2022-2027 (%)
• Exhibit 42: Data Table on MSS - Year-over-year growth 2022-2027 (%)

• 6.6 MMS - Market size and forecast 2022-2027 
• Exhibit 43: Chart on MMS - Market size and forecast 2022-2027 (USD million)
• Exhibit 44: Data Table on MMS - Market size and forecast 2022-2027 (USD million)
• Exhibit 45: Chart on MMS - Year-over-year growth 2022-2027 (%)
• Exhibit 46: Data Table on MMS - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 48: Data Table on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 49: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Type 
• Exhibit 51: Market opportunity by Type (USD million)
• Exhibit 52: Data Table on Market opportunity by Type (USD million)

7 Market Segmentation by Deployment

• 7.1 Market segments
• Exhibit 53: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 54: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 55: Chart on Comparison by Deployment
• Exhibit 56: Data Table on Comparison by Deployment

• 7.3 Cloud - Market size and forecast 2022-2027 
• Exhibit 57: Chart on Cloud - Market size and forecast 2022-2027 (USD million)
• Exhibit 58: Data Table on Cloud - Market size and forecast 2022-2027 (USD million)
• Exhibit 59: Chart on Cloud - Year-over-year growth 2022-2027 (%)
• Exhibit 60: Data Table on Cloud - Year-over-year growth 2022-2027 (%)

• 7.4 On premises - Market size and forecast 2022-2027 
• Exhibit 61: Chart on On premises - Market size and forecast 2022-2027 (USD million)
• Exhibit 62: Data Table on On premises - Market size and forecast 2022-2027 (USD million)
• Exhibit 63: Chart on On premises - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on On premises - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 65: Market opportunity by Deployment (USD million)
• Exhibit 66: Data Table on Market opportunity by Deployment (USD million)

8 Market Segmentation by End-user

• 8.1 Market segments
• Exhibit 67: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 68: Data Table on End-user - Market share 2022-2027 (%)

• 8.2 Comparison by End-user 
• Exhibit 69: Chart on Comparison by End-user
• Exhibit 70: Data Table on Comparison by End-user

• 8.3 Government - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Government - Market size and forecast 2022-2027 (USD million)
• Exhibit 72: Data Table on Government - Market size and forecast 2022-2027 (USD million)
• Exhibit 73: Chart on Government - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Government - Year-over-year growth 2022-2027 (%)

• 8.4 Financial services - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Financial services - Market size and forecast 2022-2027 (USD million)
• Exhibit 76: Data Table on Financial services - Market size and forecast 2022-2027 (USD million)
• Exhibit 77: Chart on Financial services - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Financial services - Year-over-year growth 2022-2027 (%)

• 8.5 Healthcare - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Healthcare - Market size and forecast 2022-2027 (USD million)
• Exhibit 80: Data Table on Healthcare - Market size and forecast 2022-2027 (USD million)
• Exhibit 81: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 8.6 Oil and gas - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Oil and gas - Market size and forecast 2022-2027 (USD million)
• Exhibit 84: Data Table on Oil and gas - Market size and forecast 2022-2027 (USD million)
• Exhibit 85: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)

• 8.7 Others - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 88: Data Table on Others - Market size and forecast 2022-2027 (USD million)
• Exhibit 89: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 8.8 Market opportunity by End-user 
• Exhibit 91: Market opportunity by End-user (USD million)
• Exhibit 92: Data Table on Market opportunity by End-user (USD million)

9 Customer Landscape

• 9.1 Customer landscape overview 
• Exhibit 93: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 94: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 95: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 96: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 97: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 98: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 99: Matrix on vendor position and classification

• 12.3 ACS Services Inc.
• Exhibit 100: ACS Services Inc. - Overview
• Exhibit 101: ACS Services Inc. - Product / Service
• Exhibit 102: ACS Services Inc. - Key offerings

• 12.4 Amazon.com Inc.
• Exhibit 103: Amazon.com Inc. - Overview
• Exhibit 104: Amazon.com Inc. - Business segments
• Exhibit 105: Amazon.com Inc. - Key news
• Exhibit 106: Amazon.com Inc. - Key offerings
• Exhibit 107: Amazon.com Inc. - Segment focus

• 12.5 AO Kaspersky Lab
• Exhibit 108: AO Kaspersky Lab - Overview
• Exhibit 109: AO Kaspersky Lab - Product / Service
• Exhibit 110: AO Kaspersky Lab - Key offerings

• 12.6 Atos SE
• Exhibit 111: Atos SE - Overview
• Exhibit 112: Atos SE - Business segments
• Exhibit 113: Atos SE - Key news
• Exhibit 114: Atos SE - Key offerings
• Exhibit 115: Atos SE - Segment focus

• 12.7 Cisco Systems Inc.
• Exhibit 116: Cisco Systems Inc. - Overview
• Exhibit 117: Cisco Systems Inc. - Business segments
• Exhibit 118: Cisco Systems Inc. - Key news
• Exhibit 119: Cisco Systems Inc. - Key offerings
• Exhibit 120: Cisco Systems Inc. - Segment focus

• 12.8 Diyar United Co.
• Exhibit 121: Diyar United Co. - Overview
• Exhibit 122: Diyar United Co. - Product / Service
• Exhibit 123: Diyar United Co. - Key offerings

• 12.9 Fortinet Inc.
• Exhibit 124: Fortinet Inc. - Overview
• Exhibit 125: Fortinet Inc. - Product / Service
• Exhibit 126: Fortinet Inc. - Key offerings

• 12.10 Fujitsu Ltd.
• Exhibit 127: Fujitsu Ltd. - Overview
• Exhibit 128: Fujitsu Ltd. - Business segments
• Exhibit 129: Fujitsu Ltd. - Key news
• Exhibit 130: Fujitsu Ltd. - Key offerings
• Exhibit 131: Fujitsu Ltd. - Segment focus

• 12.11 Hewlett Packard Enterprise Co. 
• Exhibit 132: Hewlett Packard Enterprise Co. - Overview
• Exhibit 133: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 134: Hewlett Packard Enterprise Co. - Key news
• Exhibit 135: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 136: Hewlett Packard Enterprise Co. - Segment focus

• 12.12 International Business Machines Corp. 
• Exhibit 137: International Business Machines Corp. - Overview
• Exhibit 138: International Business Machines Corp. - Business segments
• Exhibit 139: International Business Machines Corp. - Key news
• Exhibit 140: International Business Machines Corp. - Key offerings
• Exhibit 141: International Business Machines Corp. - Segment focus

• 12.13 Microsoft Corp.
• Exhibit 142: Microsoft Corp. - Overview
• Exhibit 143: Microsoft Corp. - Business segments
• Exhibit 144: Microsoft Corp. - Key news
• Exhibit 145: Microsoft Corp. - Key offerings
• Exhibit 146: Microsoft Corp. - Segment focus

• 12.14 Nokia Corp.
• Exhibit 147: Nokia Corp. - Overview
• Exhibit 148: Nokia Corp. - Business segments
• Exhibit 149: Nokia Corp. - Key offerings
• Exhibit 150: Nokia Corp. - Segment focus

• 12.15 Palo Alto Networks Inc. 
• Exhibit 151: Palo Alto Networks Inc. - Overview
• Exhibit 152: Palo Alto Networks Inc. - Product / Service
• Exhibit 153: Palo Alto Networks Inc. - Key news
• Exhibit 154: Palo Alto Networks Inc. - Key offerings

• 12.16 Telefonaktiebolaget LM Ericsson 
• Exhibit 155: Telefonaktiebolaget LM Ericsson - Overview
• Exhibit 156: Telefonaktiebolaget LM Ericsson - Business segments
• Exhibit 157: Telefonaktiebolaget LM Ericsson - Key news
• Exhibit 158: Telefonaktiebolaget LM Ericsson - Key offerings
• Exhibit 159: Telefonaktiebolaget LM Ericsson - Segment focus

• 12.17 Wipro Ltd.
• Exhibit 160: Wipro Ltd. - Overview
• Exhibit 161: Wipro Ltd. - Business segments
• Exhibit 162: Wipro Ltd. - Key news
• Exhibit 163: Wipro Ltd. - Key offerings
• Exhibit 164: Wipro Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for USUSD 
• Exhibit 167: Currency conversion rates for USUSD

• 13.4 Research methodology
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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