Markntel Advisors’ report, Saudi Arabia Cyber Security Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Saudi Arabia Cyber Security presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Saudi Arabia Cyber Security Market Industry Research Report & Market Summary:
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.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/saudi-arabia-cyber-security-market.html
Saudi Arabia Cyber Security Market Dynamics:
Key Driver-
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.
Saudi Arabia Cyber Security Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Offering
- Solution – Market Size & Forecast 2020-2030, (Thousand Tons)
- Hardware – Market Size & Forecast 2020-2030, (Thousand Tons)
- Software – Market Size & Forecast 2020-2030, (Thousand Tons)
- Service – Market Size & Forecast 2020-2030, (Thousand Tons)
- Professional Services – Market Size & Forecast 2020-2030, (Thousand Tons)
- Design, Consulting & Implementation – Market Size & Forecast 2020-2030, (Thousand Tons)
- Risk, Threat & Assessment – Market Size & Forecast 2020-2030, (Thousand Tons)
- Training and Education – Market Size & Forecast 2020-2030, (Thousand Tons)
- Support and Maintenance – Market Size & Forecast 2020-2030, (Thousand Tons)
- Managed Services – Market Size & Forecast 2020-2030, (Thousand Tons)
- Professional Services – Market Size & Forecast 2020-2030, (Thousand Tons)
By Solution Type
- Identity & Access Management – Market Size & Forecast 2020-2030, (Thousand Tons)
- Antivirus – Market Size & Forecast 2020-2030, (Thousand Tons)
- Log Management & SIEM – Market Size & Forecast 2020-2030, (Thousand Tons)
- Firewall – Market Size & Forecast 2020-2030, (Thousand Tons)
- Risk and Compliance Management – Market Size & Forecast 2020-2030, (Thousand Tons)
- United Threat Management – Market Size & Forecast 2020-2030, (Thousand Tons)
- Patch Management – Market Size & Forecast 2020-2030, (Thousand Tons)
- Other Management – Market Size & Forecast 2020-2030, (Thousand Tons)
By Security Type
- Network Security – Market Size & Forecast 2020-2030, (Thousand Tons)
- Endpoint & IoT Security – Market Size & Forecast 2020-2030, (Thousand Tons)
- Cloud Security – Market Size & Forecast 2020-2030, (Thousand Tons)
- Application Security – Market Size & Forecast 2020-2030, (Thousand Tons)
About 35% share in Saudi Arabia’s Cyber Security Industry is held by network security. This dominance stems from the Nation’s emphasis on protecting sensitive industries like government finance and energy as well as vital infrastructure from growing cyber threats. The need for strong network security solutions has increased due to the quick growth of digital transformation projects under Vision 2030 which has resulted in an explosion of connected devices and IoT ecosystems.
By Deployment Mode
- On-Premises – Market Size & Forecast 2020-2030, (Thousand Tons)
- Cloud – Market Size & Forecast 2020-2030, (Thousand Tons)
- Hybrid – Market Size & Forecast 2020-2030, (Thousand Tons)
In the Saudi Arabian Cyber Security Market, the on-premises deployment mode is the most popular segment accounting for about 40% market share.
By Organization Size
- Small and Medium-Sized Enterprises – Market Size & Forecast 2020-2030, (Thousand Tons)
- Large Enterprises – Market Size & Forecast 2020-2030, (Thousand Tons)
By Application
- IT & Telecom – Market Size & Forecast 2020-2030, (Thousand Tons)
- Retail – Market Size & Forecast 2020-2030, (Thousand Tons)
- BFSI – Market Size & Forecast 2020-2030, (Thousand Tons)
- Healthcare – Market Size & Forecast 2020-2030, (Thousand Tons)
- Defense/Government – Market Size & Forecast 2020-2030, (Thousand Tons)
- Manufacturing – Market Size & Forecast 2020-2030, (Thousand Tons)
- Energy – Market Size & Forecast 2020-2030, (Thousand Tons)
- Others – Market Size & Forecast 2020-2030, (Thousand Tons)
By Region
- Northern
- Central
- Southern
- Eastern
As indicated in the latest market research report published by Markntel Advisors, “Saudi Arabia Cyber Security Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Saudi Arabia Cyber Security. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/saudi-arabia-cyber-security-market.html
Top Companies Operating in the Saudi Arabia Cyber Security Market:
- Taqnia Cyber
- Microminder Cyber Security
- Security Matterz
- Fast Digital Technology
- Infratech
- SAT Microsystems
- Cisco Systems, Inc.
- IBM Corporation
- Trend Micro Incorporated
- Arista Middle East
- Saudi Bell Group Company
- Others.
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.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Saudi Arabia Cyber Security Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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