IT spending in Saudi Arabia set to rebound to $27.7bn in 2021

Spending on IT systems in Saudi Arabia is expected to rebound in 2021, after a slight decrease in 2020 as a result of the economic impact of the coronavirus pandemic, according to a forecast by US-based research firm Gartner. According to a new report, $27.593 billion was spent on IT in the Kingdom in 2020, a decline of 1.6 percent compared to 2019. However, the figure is expected to grow by 2.1 percent year-on-year in 2021 to $27.734 billion, and by 5.1 percent in 2022 and 5.2 percent in 2023.