Riyadh – Mubasher: The information and communication technology (ICT) industry in Saudi Arabia is expected to witness a compound annual growth rate of 10% to reach $27 billion in value by 2025, Governor of the Communications and Information Technology Commission (CITC), Mohammed Al Tamimi, said.
The internet of things (IoT) market could register an annual growth of 26% until 2025, Al Tamimi noted during a forum on Wednesday.
Spending on cloud computing in Saudi Arabia will likely represent 30% of the total spending on the ICT sector by 2030.
