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Drivers for Saudi Arabia's Digital Revolution (2012-2023)
Back in 2012, only 54% of Saudis used the internet, compared to 100% today. There were only 14.3 million smartphone users in the Kingdom in 2013, a mere 45% of the population.
Today, there are more smartphones in use in the Kingdom, than there are people - and there is a captive consumer base of 37 million inhabitants. It is a Kingdom full of digitally-savvy youth, who are working and living modern lives.
And with modern lives, comes the desire for convenience and modern applications such as food delivery - either to your home or to work.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
Related Report
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The Future of Food Delivery in Saudi Arabia
The KSA food delivery market, worth US $10 billion in 2023, is expected to hit $14.9 billion by 2028, with food-delivery startups playing a central role in driving that growth, capitalizing on shifting consumer needs. These emerging companies have captured 45% of the $600 million investment in the KSA Foodtech sector, signaling a significant transformation in dining experiences and underscoring their essential role in shaping the future of food delivery in Saudi Arabia.
