RIYADH — As Saudi Arabia’s digital transformation advances Intelligent Enterprises, Smart Cities, and Saudi Vision 2030, the Kingdom’s IT market is set to top SR40 billion by 2021, industry experts announced Tuesday ahead of GITEX Technology Week.

Global technology company SAP says rapidly-digitizing verticals -- aviation, banking and finance, public sector, retail, and telco – are enabling organizations to optimize costs, efficiency, and digital business.

As a result, the Kingdom’s digital market is set to top SR40 billion by 2021, according to a recent report by BMI Research. Supporting regional digital transformation, SAP recently became the first multi-national enterprise application software company to go live on a Saudi cloud data center.