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 SizingManaged Services Market In Saudi Arabia ForecastManaged 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.

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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 recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Companies Covered

ACS Services Inc.Alphabet Inc.Amazon.com Inc.AO Kaspersky LabAtos SECisco Systems Inc.Diyar United Co.eHosting DataFortFortinet Inc.Fujitsu Ltd.Hewlett Packard Enterprise Co.International Business Machines Corp.Juniper Networks Inc.Microsoft Corp.Nokia Corp.Palo Alto Networks Inc.Security MatterzTelefonaktiebolaget LM EricssonWipro 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 overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Country Market CharacteristicsExhibit 04: Executive Summary – Chart on Market Segmentation by TypeExhibit 05: Executive Summary – Chart on Market Segmentation by DeploymentExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 08: Parent marketExhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 10: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 11: Market segments3.3 Market size 20223.4 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 summaryExhibit 20: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 25: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 26: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segmentsExhibit 27: Chart on Type – Market share 2022-2027 (%)Exhibit 28: Data Table on Type – Market share 2022-2027 (%)6.2 Comparison by TypeExhibit 29: Chart on Comparison by TypeExhibit 30: Data Table on Comparison by Type6.3 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 segmentsExhibit 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 DeploymentExhibit 56: Data Table on Comparison by Deployment7.3 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 segmentsExhibit 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-userExhibit 70: Data Table on Comparison by End-user8.3 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 drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 94: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 95: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 96: Overview on factors of disruption11.4 Industry risksExhibit 97: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 98: Vendors covered12.2 Market positioning of vendors Exhibit 99: Matrix on vendor position and classification12.3 ACS Services Inc.Exhibit 100: ACS Services Inc. – OverviewExhibit 101: ACS Services Inc. – Product / ServiceExhibit 102: ACS Services Inc. – Key offerings12.4 Amazon.com Inc.Exhibit 103: Amazon.com Inc. – OverviewExhibit 104: Amazon.com Inc. – Business segmentsExhibit 105: Amazon.com Inc. – Key newsExhibit 106: Amazon.com Inc. – Key offeringsExhibit 107: Amazon.com Inc. – Segment focus12.5 AO Kaspersky LabExhibit 108: AO Kaspersky Lab – OverviewExhibit 109: AO Kaspersky Lab – Product / ServiceExhibit 110: AO Kaspersky Lab – Key offerings12.6 Atos SEExhibit 111: Atos SE – OverviewExhibit 112: Atos SE – Business segmentsExhibit 113: Atos SE – Key newsExhibit 114: Atos SE – Key offeringsExhibit 115: Atos SE – Segment focus12.7 Cisco Systems Inc.Exhibit 116: Cisco Systems Inc. – OverviewExhibit 117: Cisco Systems Inc. – Business segmentsExhibit 118: Cisco Systems Inc. – Key newsExhibit 119: Cisco Systems Inc. – Key offeringsExhibit 120: Cisco Systems Inc. – Segment focus12.8 Diyar United Co.Exhibit 121: Diyar United Co. – OverviewExhibit 122: Diyar United Co. – Product / ServiceExhibit 123: Diyar United Co. – Key offerings12.9 Fortinet Inc.Exhibit 124: Fortinet Inc. – OverviewExhibit 125: Fortinet Inc. – Product / ServiceExhibit 126: Fortinet Inc. – Key offerings12.10 Fujitsu Ltd.Exhibit 127: Fujitsu Ltd. – OverviewExhibit 128: Fujitsu Ltd. – Business segmentsExhibit 129: Fujitsu Ltd. – Key newsExhibit 130: Fujitsu Ltd. – Key offeringsExhibit 131: Fujitsu Ltd. – Segment focus12.11 Hewlett Packard Enterprise Co. Exhibit 132: Hewlett Packard Enterprise Co. – OverviewExhibit 133: Hewlett Packard Enterprise Co. – Business segmentsExhibit 134: Hewlett Packard Enterprise Co. – Key newsExhibit 135: Hewlett Packard Enterprise Co. – Key offeringsExhibit 136: Hewlett Packard Enterprise Co. – Segment focus12.12 International Business Machines Corp. Exhibit 137: International Business Machines Corp. – OverviewExhibit 138: International Business Machines Corp. – Business segmentsExhibit 139: International Business Machines Corp. – Key newsExhibit 140: International Business Machines Corp. – Key offeringsExhibit 141: International Business Machines Corp. – Segment focus12.13 Microsoft Corp.Exhibit 142: Microsoft Corp. – OverviewExhibit 143: Microsoft Corp. – Business segmentsExhibit 144: Microsoft Corp. – Key newsExhibit 145: Microsoft Corp. – Key offeringsExhibit 146: Microsoft Corp. – Segment focus12.14 Nokia Corp.Exhibit 147: Nokia Corp. – OverviewExhibit 148: Nokia Corp. – Business segmentsExhibit 149: Nokia Corp. – Key offeringsExhibit 150: Nokia Corp. – Segment focus12.15 Palo Alto Networks Inc. Exhibit 151: Palo Alto Networks Inc. – OverviewExhibit 152: Palo Alto Networks Inc. – Product / ServiceExhibit 153: Palo Alto Networks Inc. – Key newsExhibit 154: Palo Alto Networks Inc. – Key offerings12.16 Telefonaktiebolaget LM Ericsson Exhibit 155: Telefonaktiebolaget LM Ericsson – OverviewExhibit 156: Telefonaktiebolaget LM Ericsson – Business segmentsExhibit 157: Telefonaktiebolaget LM Ericsson – Key newsExhibit 158: Telefonaktiebolaget LM Ericsson – Key offeringsExhibit 159: Telefonaktiebolaget LM Ericsson – Segment focus12.17 Wipro Ltd.Exhibit 160: Wipro Ltd. – OverviewExhibit 161: Wipro Ltd. – Business segmentsExhibit 162: Wipro Ltd. – Key newsExhibit 163: Wipro Ltd. – Key offeringsExhibit 164: Wipro Ltd. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 165: Inclusions checklistExhibit 166: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 167: Currency conversion rates for USUSD13.4 Research methodologyExhibit 168: Research methodologyExhibit 169: Validation techniques employed for market sizingExhibit 170: Information sources13.5 List of abbreviations Exhibit 171: List of abbreviations

 

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