Press Release

Saudi Arabia Cybersecurity Market is expected to grow at a robust CAGR

Saudi Arabia Cybersecurity Market is expected to grow owing to growing number of cyber threats, including ransomware attacks, data breaches, and nation-state cyber espionage throughout the forecast period.

According to TechSci Research report, “Saudi Arabia Cybersecurity Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Saudi Arabia Cybersecurity Market is expected to register robust growth during the forecast period. The Saudi Arabian government has been actively promoting and investing in cybersecurity. Initiatives such as the National Cybersecurity Authority (NCA) and the Saudi Vision 2030 program emphasize the importance of cybersecurity and the protection of critical infrastructure, which drives investments and demand for cybersecurity solutions.

The Saudi Arabian government has been actively investing in strengthening its cybersecurity infrastructure. Initiatives like the National Cybersecurity Authority (NCA) have created opportunities for cybersecurity companies to collaborate and provide solutions for critical infrastructure and government entities.

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Saudi Arabia Cybersecurity Market."

Based on
solution type, the Firewall segment is expected to dominate the market during the forecast period. With the growth of e-learning and the digitization of educational resources, educational institutions in Saudi Arabia are investing in cybersecurity to protect student data and intellectual property. The rise of online retail and e-commerce has made this sector a target for cybercriminals. Security measures focus on securing customer data, payment information, and preventing online fraud. Many organizations in Saudi Arabia are opting for managed security services to enhance their cybersecurity posture. These services offer 24/7 monitoring, threat detection, and incident response. This segment includes the sale of cybersecurity software and hardware solutions. Organizations invest in firewalls, antivirus software, intrusion detection systems, and more. The evolving threat landscape, including ransomware attacks and nation-state cyber threats, has prompted organizations to enhance their cybersecurity measures. Public-private partnerships and collaborations with international cybersecurity firms have been established to strengthen the country's cybersecurity capabilities. Investments in building a skilled cybersecurity workforce have been made to address the shortage of cybersecurity professionals.

Based on end-user industry,
the Private Organizations segment is projected to dominate the market throughout the forecast period. The retail sector, including brick-and-mortar stores and online retailers, faces threats such as payment card data breaches and online fraud. Cybersecurity measures aim to protect customer data, secure online transactions, and ensure the availability of e-commerce platforms. Telecommunication companies and IT service providers handle vast amounts of customer data and play a key role in the digital transformation of the country. Security measures focus on network and data protection, securing customer information, and ensuring the availability of communication services. Construction and engineering firms are digitizing their processes and designs, making them attractive targets for intellectual property theft and industrial espionage. Cybersecurity efforts in this sector aim to protect sensitive blueprints, designs, and project information. Universities, colleges, and research institutions increasingly rely on digital technologies and house valuable research data. Cybersecurity is essential to protect student records, intellectual property, and research findings. SMEs in Saudi Arabia make up a significant portion of the private sector. They face cybersecurity challenges with limited resources. Managed security services and cost-effective cybersecurity solutions are crucial for SMEs. With the growth of remote work, endpoint security solutions have become more critical in safeguarding corporate networks. Organizations are investing in threat intelligence services to stay updated on the evolving threat landscape.

Key market players in the Saudi Arabia Cybersecurity Market are:-

  • IBM Middle East FZ-L.L.C
  • Dell Technologies Inc.
  • Palo Alto Networks Saudi Arabian Limited Company
  • Cisco (Saudi Arabia) Support Limited
  • Fortinet, Inc.
  • Lockheed Martin Corporation
  • Trend Micro Incorporated
  • NEC Saudi Arabia Ltd.
  • Hewlett Packard Enterprise Development LP
  • NortonLifeLock Inc.

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“The Saudi Arabia Cybersecurity Market in Riyadh is poised to be the dominant force in the industry. Riyadh serves as a hub for both local and international cybersecurity companies. Collaboration and partnerships between these companies are driving the market forward, as they combine global expertise with local knowledge. Riyadh residents and businesses are increasingly aware of the importance of cybersecurity due to government campaigns and media coverage of cyber threats. This awareness is driving investment in cybersecurity measures.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Cybersecurity Market Segmented By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security and Others), By Solution Type (Firewall, Antivirus & Antimalware, Risk & Compliance Management, Identity & Access Management and Others), By Deployment Mode (Cloud and On-premises), By End-User Industry (Government, BFSI, Private Organizations, Retail, Healthcare and Others), By Region, and By Competition, 2018-2028,”
has evaluated the future growth potential of Saudi Arabia Cybersecurity Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Cybersecurity Market.


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