Saudi Arabia 5G services market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026, according to TechSci Research, a global management consulting firm. 

 

The kingdom's 5G services market owes its growth to the factors like rapidly innovating reality and augmented virtualizations along with growing number of applications. 

 

Moreover, number of consumers for smart phones and tablets are rapidly increasing in the country and the fact is anticipated to aid to the exponential growth in the upcoming five years, stated the report. 

 

5G network connections gives the advantage of connecting multiple device at once and with the efficient working and internet connections, multiple consumer electronics that are incorporated with smart technologies, may support the growth of the Saudi Arabia 5G services market until 2026, it added. 

 

It involves 5G internet connections allowing the users to enjoy faster downloads, outstanding network reliability, making businesses efficient. 

 

5G services find their application in ultra-high definition video streaming, seamless video calling, smart home energy management. 

 

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 2026.

 

The top industry player in the Saudi Arabia includes Mobile Telecommunication Company Saudi Arabia (Zain), Saudi Telecom Company (stc), Etihad Etisalat Company (Mobily), Integrated Telecom Company, Huawei Tech Investment Saudi Arabia, Etihad Atheeb Telecommunications (GO Telecom), Virgin Mobile KSA, Arab Satellite Communications Organization, HP Enterprise Int'l Trade Saudi and Nokia Al Saudia. 

 

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, said the report. 

 

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. 

 

The 5G internet connections are a revolutionary telecommunication services that has aided the uses of technology in various industry, remarked Karan Chechi, the Research Director with TechSci Research. 

 

Saudi Arabia is one of the wealthiest economies and with the technological advancements they can afford, 5G connections to the smart infrastructure, smart healthcare, smart retail in going to multiply in the future five years, he noted. 

 

The kingdom's 5G services market is anticipated to grow further in the upcoming five years on the account of the advancements that the country has incorporated into its various industries. 

 

"Media and entertainment sector is experiencing the largest growth in the historical years and sees itself as a promising sector for the future of the market. New market players may integrate their services in various industry so as to bring revolutionizing growth in future," he added.-TradeArabia News Service