Speridian Technologies: Advancing IT Consulting in Saudi Arabia's Private and Public Sectors

Speridian Technologies’ specialized solutions are in high demand as private and public enterprises fast-track sustainable digital transformation efforts.

The Saudi ICT sector stands as the largest in the MENA region, with a market value surpassing $48 billion (SAR180 billion) in 2024.

This wave of transformation has created an ideal operating environment for IT consultancy and digital enablers. Companies that localize quickly and deliver end-to-end solutions are gaining ground fast.

This holds true for Speridian Technologies, a global technology firm that ventured into Saudi Arabia back in 2022 via AstroLabs, the Gulf’s leading business expansion platform.

Since then, Speridian has rapidly emerged as a key partner to leading Saudi enterprises, both across governmental and private sectors.

Speridian's Rapid Saudi Expansion: From 3 to 20+ Enterprise Clients in a Year

In just one year since entering the Saudi market, Speridian has massively broadened its operations, garnering industry-wide recognition and a diverse set of clientele.

The global firm has expanded its local client portfolio from three initial enterprise customers to more than 20 major organizations. Some of these include Arab National Bank, STC, Riyadh Capital, MISK Foundation, SALIC, and Saudi Downtown Company.

"We started with two or three logos; now we have 20+ and it keeps growing," explained Shafiq Siddiq, Speridian's Country Sales Director in the Kingdom. "Being in Saudi Arabia is helping us revenue-wise and in terms of overall growth."

This rapid scaling reflects Speridian's strategic alignment with the ever-changing market needs.

"This market is currently experiencing rapid growth, showing a dynamic expansion that aligns perfectly with emerging industry trends and increasing customer demands," noted Siddiq. "Our entry into the market has been both timely and strategic, positioning us to leverage its growth momentum fully."

With a global footprint across 10 countries and 26 offices worldwide, Speridian brings deep expertise in enterprise solutions tailored for sectors undergoing profound digital transformation.

Their service offerings span IT consulting, CRM and ERP implementation, application development, cloud infrastructure, data analytics, AI, and cybersecurity, all areas currently seeing surging demand in Saudi Arabia.

Digital Transformation Drives Demand for IT Consulting Services

Speridian's rapid footprint expansion taps into the growing demand for specialized knowledge surrounding the use of cutting-edge technologies such as AI and cloud computing across industries.

For context, ICT spending reached over $11 billion in 2023, with double-digit growth forecasted through 2025. Cloud services alone have seen a CAGR of over 23% since 2021, supported by the government's Cloud First Policy and the introduction of local hyperscale cloud regions.

Government bodies like the Digital Government Authority (DGA) and the Saudi Data and Artificial Intelligence Authority (SDAIA) have already digitized 97% of public services.

These efforts, coupled with government-led initiatives designed to attract foreign investors to set up a business in Saudi Arabia, have created a fertile ground for IT consulting growth.

"With Vision 2030 as a catalyst, Saudi Arabia is transforming into a modern, tech-driven economy, creating immense opportunities across sectors," said Siddiq. "This market is a high-priority target for us, and we are eager to align our efforts with the goals of Vision 2030."

Speaking about the AstroLab’s impact in spurring Speridian’s growth plans, Siddiq underscored that its on-the-ground team provided personalized guidance tailored to the company’s needs.

That support spans various facets of setting up a foreign business in Saudi Arabia, ranging from securing commercial registration (CR) to picking an office at the heart of Al Malqa, Riyadh, which is part of AstroLabs' ever-growing network of office spaces.

“From getting the CR to date, there are a lot of challenges coming up, for which we need a lot of help. AstroLabs was there to help us secure an office or help with a lot of legal documentation and registration, amongst other things,” Siddiq elucidated.

With a proven ability to adapt global expertise to local needs, Speridian is positioned to remain a pivotal force in the Kingdom’s ongoing digital transformation journey, helping organizations innovate and adapt to rising tides.