Saudi Arabia Cyber Security Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Saudi Arabia Cyber Security Market Growth

As per the Global Cybersecurity Index, which was published by the International Telecommunication Union (a specialised body of the UN) in 2020, Saudi Arabia’s cyberspace was ranked as the second most secure worldwide. This was attributed to the achievements of the Kingdom’s National Cybersecurity Authority, which is tasked with the implementation of the National Information Security Strategy. The programme lays down numerous strategies for ensuring cybersecurity, mitigating risk, boosting the capabilities of local industry, and ensuring human capital development.

The International Institute for Management Development ranked Saudi Arabia at second place in its Global Cybersecurity Index in 2023. Among all the fastest-growing job roles in Saudi Arabia, cyber skills rank at the fourth position. The Kingdom is investing nearly $1.2 billion to train nearly 100,000 people in the domain of cybersecurity. The Saudi Vision 2030 aims to create more employment opportunities for women, with their share in cybersecurity roles being 45%.

The average cost of a cyberattack to an organisation based in Saudi Arabia exceeds the global average by over 69%. Saudi Arabia’s abundant natural resources and its economic significance make it an attractive target for cybercriminals. To boost its cyber resilience capabilities, Saudi Arabia is investing in various training and education programmes and focusing on the implementation of a robust cybersecurity framework. It is also investing in emerging technologies and fostering a lucrative environment for public-private collaboration.

Key Trends and Developments

Rising use of digital technologies; growing digital transformation; evolving data protection regulations; and technological advancements and innovations are favouring the Saudi Arabia cyber security market expansion

May 2024

The Saudi Arabia National Cybersecurity Authority (NCA) announced the launch of the National Program for Research, Development, and Innovation (RDI) in cybersecurity. The programme aims to revolutionise the cybersecurity landscape and drive the development of advanced solutions for evolving cybersecurity challenges.

March 2024

Saudi Information Technology Company (SITE), along with its subsidiary, SITE Ventures, entered into an over 500 riyals dual investment with South Korean cybersecurity company, AhnLab Inc. Through this, the company aims to co-invest in the localisation and deployment of various cybersecurity technologies in Saudi Arabia and the entire Middle East.

January 2024

Resecurity (USA) announced the completion of its official registration process with the Saudi Arabian National Cybersecurity Authority (NCA), becoming a registered and authorised cybersecurity service provider in the country.

November 2023

Arqit Quantum Inc., along with DETASAD, announced that Arqit’s Sovereign Symmetric Key Agreement Platform was launched in Saudi Arabia by DETASAD. Through this, the companies plan to integrate Arqit technology into DETASAD's MadeinSaudi Smart Capacity Management for delivering locally-developed and advanced cybersecurity solutions to every end point.

Increasing Use of Digital Technology in the Country

Rapid digitisation, the increasing reliance on technology, and the rising applications of online features and e-commerce channels in the country are increasing the threat of cyberattacks, necessitating the requirement for reliable and adequate cybersecurity solutions.

Rapid Digital Transformation

The Saudi Arabia Vision 2030 programme aimed at diversifying the economy and developing public service sectors such as infrastructure, tourism, and education is driving digital transformation in the country. This is boosting the implementation of cybersecurity tools that enable real-time threat detection, robust encryption, and minimal disruptions.

Evolving Data Privacy Regulations

The introduction of stringent data protection laws, such as the Saudi Personal Data Protection Law and GDPR, and evolving data privacy regulations are surging the demand for compliance-focused cybersecurity solutions.

Technological Advancements and Innovations

Rapid technological advancements, such as artificial intelligence, IoT, machine learning, and 5G technology, among others, are surging the sophistication of cyberattacks, including ransomware campaigns, targeted attacks, and nation-state cyber warfare, necessitating the demand for robust cybercrime solutions and tools.

Saudi Arabia Cyber Security Market Trends

The Saudi Arabian government is introducing various favourable initiatives aimed at localising cybersecurity technology through training, boosting cybersecurity activities, and developing innovative solutions for cybersecurity challenges. With the growing focus on economic diversification and prioritisation of sectors such as education and transportation, the government is actively implementing robust cybersecurity landscapes.

There is a rising adoption of innovative technologies such as artificial intelligence, machine learning, blockchain, quantum cryptography, and zero trust architecture to reduce response times to cyberattacks, enhance the level of security, protect sensitive data, and protect data against quantum computing.

Saudi Arabia Cyber Security Industry Segmentation

Saudi Arabia Cyber Security Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Offering

• Solutions
  • Identity and Access Management
  • Antivirus/Antimalware
  • Encryption and Tokenisation
  • Compliance and Policy Management
  • Firewall
  • Others
• Services

Market Breakup by Deployment Mode

• On-Premises
• Cloud

Market Breakup by Organisation Size

• Large Enterprises
• Small and Medium Enterprise (SMEs)

Market Breakup by Security

• Network Security
• Cloud Security
• End Point and IOT Security
• Application Security

Market Breakup by Industry Vertical

• BFSI
• Government
• Healthcare and Life Sciences
• Aerospace and Defence
• Manufacturing
• Others

Market Breakup by Region

• Makkah
• Riyadh
• Madinah
• Qassim
• Eastern Province

Saudi Arabia Cyber Security Market Share

Based on industry vertical, the market is segmented into BFSI, government, healthcare and life sciences, aerospace and defence, and manufacturing, among others. Makkah represented 17% of the overall market share in 2023. Over the forecast period of 2024-2032, it is projected to grow at a CAGR of 10.8% due to the strengthening of personal data protection laws in the country.

Leading Companies in the Saudi Arabia Cyber Security Market

The increasing digitalisation of operations such as remote engineering and maintenance activities and the increasing application of the Internet of things is expected to expose major Saudi Arabia-based companies to cyber risks. Nearly 88% of all organisations experienced a cyberattack in Saudi Arabia in 2021, which is expected to increase the demand for smart cybersecurity solutions.

• IBM Corporation
• Cisco Systems Inc.
• HP Inc.
• Salesforce Inc.
• Oracle corp.
• Fortinet Inc.
• Dell Inc.
• McAfee LLC
• Al Moammar Information Systems Co. (MIS)
• Palo Alto Networks Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.