Saudi Arabia Software Tenders

Booming with Potential: The Saudi Arabia software services market is expected to reach $1.64 billion by 2028, growing at a CAGR of 3.36%. This growth is fueled by government initiatives like Vision 2030, which aims to diversify the economy and drive digital transformation.

Government Procurement: Government procurement plays a key role in the Saudi Arabian software services market. In 2023, the government is expected to spend $2.34 billion on IT services, a 5.72% increase from the previous year.

Key Products & Services: The government primarily procures software related to enterprise resource planning (ERP), customer relationship management (CRM), and cloud computing. Additionally, there is growing demand for cybersecurity, artificial intelligence (AI), and blockchain solutions.

Top Procurement Authorities: The Ministry of Communications and Information Technology (MCIT) and the National Information Center (NIC) are the two main authorities responsible for software procurement in Saudi Arabia.

Leading Winners: Major players like Microsoft, SAP, Oracle, and IBM are prominent winners of government software contracts. However, local companies are increasingly gaining a foothold in the market.

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