Saudi Arabia Cyber Security Market Overview: 2025-30
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Saudi Arabia Cyber Security Market size was valued at around USD 3.4 Billion in 2024 and is projected to reach USD 6.02 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10% during the forecast period, i.e., 2025-30. The cybersecurity market in Saudi Arabia is expanding significantly because of the rise in cyberattacks on vital infrastructure and government institutions. More than 110 million cyberattacks have been witnessed in the last few years in Saudi Arabian industries like; healthcare, finance, and oil, highlighting the urgent need for strong security initiatives.
Markntel Advisor’s Saudi Arabia Cyber Security Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Saudi Arabia Cyber Security Market drivers, barriers, Saudi Arabia Cyber Security Market Trends, and Key Players in Saudi Arabia Cyber Security Market.
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Saudi Arabia Cyber Security Market Dynamics: 2025-30
Increasing Digital Transformation Initiatives Under Vision 2030 – Digital transformation actions to be undertaken under the Saudi Government’s Vision 2030 have been the driving force behind the cyber security market of this country. The country intends to completely modernize its public services by reforming them through the incorporation of cutting-edge digital technologies in most of its industries. It also plans to diversify its economy and have digital technologies of the new age era in industries like healthcare, finance, energy, and education. This dedication towards protecting its digital landscape has made it achieve 4th rank in the Global Cybersecurity Index in 2024 and 2nd position among the G20 nations.
In the last few years, there has been an investment of around USD 25 billion in digital infrastructure in various industries and the use of cloud computing which has led usage of IoT and AI to increase dramatically. The Smart Riyadh initiative seeks for establishment of more than 1,000 smart city projects and thus demand for sophisticated cybersecurity measures will increase for safeguarding private information and networked systems. Since many government services are getting online and the increasing dependence on them like the Absher platform, utilized by more than 23 million citizens, again emphasizes the need to have strong cybersecurity to guarantee data integrity and service continuity in a digital economy.
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Saudi Arabia Cyber Security Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
· By Offering
o Solution - Market Size & Forecast 2020-2030, (USD Million)
§ Hardware - Market Size & Forecast 2020-2030, (USD Million)
§ Software - Market Size & Forecast 2020-2030, (USD Million)
o Service - Market Size & Forecast 2020-2030, (USD Million)
§ Professional Services - Market Size & Forecast 2020-2030, (USD Million)
· Design, Consulting & Implementation - Market Size & Forecast 2020-2030, (USD Million)
· Risk, Threat & Assessment - Market Size & Forecast 2020-2030, (USD Million)
· Training and Education - Market Size & Forecast 2020-2030, (USD Million)
· Support and Maintenance - Market Size & Forecast 2020-2030, (USD Million)
§ Managed Services - Market Size & Forecast 2020-2030, (USD Million)
· By Solution Type
o Identity & Access Management - Market Size & Forecast 2020-2030, (USD Million)
o Antivirus - Market Size & Forecast 2020-2030, (USD Million)
o Log Management & SIEM - Market Size & Forecast 2020-2030, (USD Million)
o Firewall - Market Size & Forecast 2020-2030, (USD Million)
o Risk and Compliance Management - Market Size & Forecast 2020-2030, (USD Million)
o United Threat Management - Market Size & Forecast 2020-2030, (USD Million)
o Patch Management - Market Size & Forecast 2020-2030, (USD Million)
o Other Management - Market Size & Forecast 2020-2030, (USD Million)
· By Security Type
o Network Security - Market Size & Forecast 2020-2030, (USD Million)
o Endpoint & IoT Security - Market Size & Forecast 2020-2030, (USD Million)
o Cloud Security - Market Size & Forecast 2020-2030, (USD Million)
o Application Security - Market Size & Forecast 2020-2030, (USD Million)
o Content Security - Market Size & Forecast 2020-2030, (USD Million)
o Others
· By Deployment Mode
o On-Premises - Market Size & Forecast 2020-2030, (USD Million)
o Cloud - Market Size & Forecast 2020-2030, (USD Million)
o Hybrid - Market Size & Forecast 2020-2030, (USD Million)
· By Organization Size
o Small and Medium-Sized Enterprises - Market Size & Forecast 2020-2030, (USD Million)
o Large Enterprises - Market Size & Forecast 2020-2030, (USD Million)
· By Application
o IT & Telecom - Market Size & Forecast 2020-2030, (USD Million)
o Retail - Market Size & Forecast 2020-2030, (USD Million)
o BFSI - Market Size & Forecast 2020-2030, (USD Million)
o Healthcare - Market Size & Forecast 2020-2030, (USD Million)
o Defense/Government - Market Size & Forecast 2020-2030, (USD Million)
o Manufacturing - Market Size & Forecast 2020-2030, (USD Million)
o Energy - Market Size & Forecast 2020-2030, (USD Million)
o Others - Market Size & Forecast 2020-2030, (USD Million)
· By Region
o Northern
o Central
o Southern
o Eastern
o Western
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Saudi Arabia Cyber Security Market:
- Checkpoint Security
- Trend Micro
- Palo Alto Networks
- Fortinet
- Cisco Systems, Inc.
- IBM Corporation
- Taqnia Cyber
- Saudi Bell Group Company
- Alareeb ICT
- Others
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