According To TechSci Research, Saudi Arabia 5G services market are anticipated to show a robust growth in the upcoming five years, 2023-2027. The market growth can be attributed to high-speed internet surfing advantages along with the increasing demand of extremely low latency of the 5G technology. Moreover, advantages of 5G internet connections like stronger bandwidth, multiple device connection, and mobile connection services, along with the faster speed internet connection, the market is anticipated to register growth in the upcoming five years. Also, uses like virtual reality and augmented reality gaming requires 5G connection, and as the gaming demands are increasing and the graphical advancement requires better connection, the factor is influencing the future growth of Saudi Arabia 5G services market in the next five years. Furthermore, penetration of internet with high speed connection and rapidly increasing smart phone users along with multiplying technologically advanced consumer electronics is aiding to the growth of the market of 5G services in the Kingdom of Saudi Arabia.
5G services involve 5G internet connections allowing the users to enjoy faster downloads, outstanding network reliability, making businesses efficient, etc. 5G services find their application in ultra-high definition video streaming, seamless video calling, smart home energy management, etc. Though government schemes and policies may put a minor delay in the growth, but rapidly increasing market players might outgrow the restraint in the subsequent years of forecast, until 2027.
Saudi Arabia 5G services market is segmented by end users, application, communication type, industry, regional distribution, and competitional landscape. Based on end users, the market is further divided between individual and enterprises. Individual users may dominate the future market and own largest revenue shares of the market in the upcoming five years on the account of increased smartphones users, and rapidly increasing craze of virtual reality and augmented reality gaming is aiding to the growth of the Saudi Arabia 5G services market. Enterprises users are expected to register the fastest growing CAGR in the upcoming five years. The technological advancements and evolving industrial usage require 5G connections and aid to the further growth of the market.
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A partial list of market player in the Saudi Arabia 5G service market includes Mobile Telecommunication Company Saudi Arabia K.S.C.P. (Zain), Saudi Telecom Company, Etihad Etisalat Company (Mobily), Integrated Telecom Company, Huawei Tech Investment Saudi Arabia Co. Ltd., Etihad Atheeb Telecommunications Co. (GO Telecom), Virgin Mobile KSA, Arab Satellite Communications Organization, Hewlett Packard Enterprise Int’l Trade BV Saudi, Nokia Al Saudia, among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced services would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments and better service provisions.
Objective of the Study:
- To analyze the historical growth of the market size of Saudi Arabia 5G service market from 2017 to 2020.
- To estimate and forecast the market size of Saudi Arabia 5G service market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia 5G service market based on end user, application, communication type, industry, competitional landscape, and regional distribution.
- To identify dominant region or segment in the Saudi Arabia 5G service market.
- To identify drivers and challenges for Saudi Arabia 5G service market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia 5G service market.
- To identify and analyze the profile of leading players operating in Saudi Arabia 5G service market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia 5G service market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service provider, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia 5G service market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- 5G services providers, end users, and other stakeholders
- Distributers and suppliers of the related products and services
- Organizations, forums, and alliances related to 5G services
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · End User
· Application · Communication Type · Industry |
| Regional scope | Western Region, Northern and Central Region, Eastern Region, Southern Region |
| Key companies profiled | Mobile Telecommunication Company Saudi Arabia K.S.C.P. (Zain), Saudi Telecom Company, Etihad Etisalat Company (Mobily), Integrated Telecom Company, Huawei Tech Investment Saudi Arabia Co. Ltd., Etihad Atheeb Telecommunications Co. (GO Telecom), Virgin Mobile KSA, Arab Satellite Communications Organization, Hewlett Packard Enterprise Int’l Trade BV Saudi, Nokia Al Saudia. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Saudi Arabia 5G services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia 5G Services Market, By End User:
- Individual
- Enterprises
- Saudi Arabia 5G Service Market, By Application:
o Smart Cities
o Connected Factories
o Smart Buildings
o Connected Vehicles
o Connected Healthcare
o Connected Retail
o Smart Utilities
o Others
- Saudi Arabia 5G Service Market, By Communication Type:
o Fixed Wireless Access
o Enhanced Mobile Broadband
o Massive Machine-Type Communication
o Ultra-Reliable Low-Latency
- Saudi Arabia 5G Service Market, By Industry:
- Manufacturing
- Media & Entertainment
- Government
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Others
- Saudi Arabia 5G Service Market, By Region:
- Western
- Eastern
- Northern & Central
- Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia 5G service market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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