Saudi Arabia Telecommunication Services Market is Expected to Register a CAGR of 4.26% Through 2030

The Saudi Arabia Telecommunication Services Market is expected to be led by the Mobile segment, driven by widespread 5G adoption, increasing smartphone penetration, and rising demand for mobile data and digital services, during the forecast period.

According to TechSci Research report, “Saudi Arabia Telecommunication Services Market – By Region, Competition, Forecast and Opportunities, 2020-2030F”, Saudi Arabia Telecommunication Services Market was valued at USD 18.72 Billion in 2024 and is expected to reach USD 24.05 Billion by 2030 with a CAGR of 4.26% during the forecast period.

Enterprise digitalization is accelerating in Saudi Arabia, with businesses across sectors like banking, logistics, energy, and manufacturing requiring high-performance telecom services. From secure VPNs and cloud telephony to software-defined networking and machine-to-machine communications, the need for enterprise-grade telecom solutions is rising fast. Large corporations are adopting private 5G networks to support automation and real-time analytics on factory floors and in supply chains.

This demand is further amplified by regulatory mandates for data security, localization, and remote operability. Telecommunication providers are launching business-centric product suites and managed services to meet the specific needs of various industries. As digital transformation becomes central to corporate competitiveness, the telecom market is evolving from basic connectivity services to integrated digital infrastructure providers for enterprises.

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Based on End Use, In 2024, the BFSI segment emerged as the fastest-growing end use in the Saudi Arabia Telecommunication Services Market. This growth was primarily driven by the sector’s aggressive digital transformation efforts, as financial institutions increasingly relied on secure, high-speed networks to deliver online banking, mobile applications, and digital payment services. The shift toward customer-centric services and real-time transaction capabilities created a surge in demand for robust telecommunications infrastructure.

The BFSI sector also expanded its reliance on data centers, cloud computing, and cybersecurity frameworks, all of which are heavily dependent on advanced telecommunications. With the Saudi Arabian Monetary Authority encouraging the adoption of financial technology, institutions turned to telecom providers for scalable, secure, and low-latency connectivity to support their evolving digital platforms. This included the integration of biometric verification, artificial intelligence, and blockchain in financial services.

With customer bases becoming more digitally active, banks and insurers expanded their presence across mobile and online channels. Telecom networks enabled 24/7 access, seamless data transfer, and improved user experiences. As digital banking continues to replace traditional models, the BFSI sector is expected to further invest in telecom-driven innovations, cementing its position as the fastest-growing end-user segment in the market.

Western Saudi Arabia has rapidly emerged as the fastest-growing region in the Kingdom’s Telecommunication Services market, driven by large-scale infrastructure development and urban expansion in cities like Jeddah, Makkah, and Madinah. The region plays a critical role in national initiatives such as Vision 2030, with major investments in smart city projects and digital connectivity. High population density, growing tourism, and rising enterprise demand for mobile and broadband services have accelerated telecommunication deployment in the area.

The government’s focus on transforming the western region into a digitally enabled economic hub has attracted telecom operators to expand their service coverage and upgrade network capacity. Improved access to high-speed internet, enhanced fiber optic infrastructure, and the rollout of fifth-generation technology are creating new opportunities for digital services and e-commerce. These advancements are expected to sustain the region’s momentum as a key driver of market growth.

Major companies operating in the Saudi Arabia Telecommunication Services Market are:

• Saudi Telecom Company
• Mobily
• Zain KSA
• Integrated Telecom Company
• GO Telecom
• Bayanat Al Oula
• Detecon Al Saudia
• NourNet

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“The Saudi Arabia Telecommunication Services Market is poised for strong growth driven by rapid 5G expansion, increasing demand for high-speed connectivity, and widespread digital transformation across industries. Government initiatives under Vision 2030, such as smart cities and e-governance, are accelerating infrastructure investments. Local partnerships and regulatory support are fostering innovation in cloud services, Internet of Things, and cybersecurity. Rising mobile usage, remote work adoption, and enterprise digitization are further boosting market demand. With continued investment from both public and private sectors, the market is expected to evolve into a highly advanced and competitive telecommunications ecosystem over the coming years.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Saudi Arabia Telecommunication Services Market By Type (Mobile, Fixed-line, Broadband), By Transmission (Wireless, Wireline), By End Use (BFSI, Healthcare, Retail, IT, Ecommerce, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi Arabia Telecommunication Services Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Telecommunication Services Market.

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