
KSA Graphic Design Market
No. of Pages: 152 | Report Code: BMIRE00030708 | Category: Technology, Media and Telecommunications
No. of Pages: 152 | Report Code: BMIRE00030708 | Category: Technology, Media and Telecommunications
The KSA graphic design market was valued at US$ 409.48 million in 2023 and is expected to reach US$ 551.86 million by 2031; it is estimated to record a CAGR of 3.8% from 2023 to 2031.
The e-commerce sector in KSA is also expanding rapidly. According to the regional report from Agility Logistics, the Saudi e-commerce sector generated over US$ 10 billion in revenue in 2023, ranking 28th among the world's largest online markets. Dr. Mohammed bin Duleim Al-Qahtani, an economic expert and scholar at King Faisal University, estimates that the Saudi e-commerce sector would grow at an annual growth rate of 13.5%, outpacing the global average of 11.2%. The scholar predicts that the value of the sector is likely to surge from US$ 21 billion in 2024 to more than US$ 30 billion by 2027 and US$ 44 billion by 2030. Thus, the growing digitization and flourishing e-commerce sector are creating a significant demand for graphic design software and services, thereby bolstering the KSA graphic design market.
In May 2024, Zain KSA, a telecommunications company, announced its plan to invest US$ 427 million (SAR 1.6 billion) to expand its 5G network and digital service ecosystem in the country. It will expand its current 5G network coverage to ~122 cities across the country. Further, Qualcomm Technologies, Inc. and Zain KSA announced an expanded partnership at LEAP 2023 to create cloud-native, virtualized, and O-RAN-compliant 5G infrastructure in Saudi Arabia. Through their partnership, Qualcomm and Zain plan to focus on future 5G networks employing Open RAN technology, with an aim to make cellular infrastructure more innovative, competitive, and cost-efficient. In October 2023, Saudi Telecom Company (STC) announced its plan to expand its 5G network in nearly 75 cities across Saudi Arabia. Such initiatives by the government and companies in next-generation networks foster digitization in the country. A subsequent shift to digital platforms in various industries underlines the need for designs that are more captivating and aligned with brand identity and value. Thus, increasing digitization fuels the growth of the KSA graphic design market.
Alphagraphics, SmartTouch, SolutionDots, iSpectra, Adobe, Autodesk Inc., Eagle Alliance Technology, Eurisko, Hive Studio, and MenaBloom are among the key KSA graphic design market players that are profiled in this market study.
The overall KSA graphic design market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the KSA graphic design market size. the process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the KSA graphic design market.
Strategic insights for the KSA Graphic Design provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 409.48 Million |
Market Size by 2031 | US$ 551.86 Million |
Global CAGR (2023 - 2031) | 3.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | KSA
|
Market leaders and key company profiles |
The geographic scope of the KSA Graphic Design refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The KSA Graphic Design Market is valued at US$ 409.48 Million in 2023, it is projected to reach US$ 551.86 Million by 2031.
As per our report KSA Graphic Design Market, the market size is valued at US$ 409.48 Million in 2023, projecting it to reach US$ 551.86 Million by 2031. This translates to a CAGR of approximately 3.8% during the forecast period.
The KSA Graphic Design Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the KSA Graphic Design Market report:
The KSA Graphic Design Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The KSA Graphic Design Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the KSA Graphic Design Market value chain can benefit from the information contained in a comprehensive market report.