Saudi Arabia Cybersecurity market stood at USD3749.40 million in 2021 and is forecast to grow at a CAGR of 18.73% by 2027. High adoption of the remote working regimes by the SMEs and large enterprises contributed to increased network security threats in Saudi Arabia, as well as the enterprises of Saudi Arabia have been increasingly investing in network security tools and equipment, which is likely to boost the Saudi Arabia Cybersecurity Market.

Cybersecurity or information technology (IT) security is aimed at protecting networks, systems, mobile devices, programs, and data from cyber-attacks. It is the application of technologies, processes, and controls to protect critical systems and sensitive information from digital attacks. Its methods are designed to prevent threats against networked systems and applications. Cybersecurity can provide good security against malicious attacks such as malware, phishing, man-in-the-middle attack, SQL injection, denial-of-service attack, etc., designed to alter, access, destroy, delete, or extort a user's or organization's systems and sensitive data.

Growing usage of the Internet of Things (IoT) and Cloud Services

The Saudi Arabia Cybersecurity Market continues to grow and evolve with the increasing reliance of businesses on information technology as organizations move to the cloud to improve their performance and adopt a cloud-first policy for all new projects. Additionally, IT environments are becoming hybrid in nature during the COVID-19 pandemic, resulting in more use of cloud computing models by various firms or organizations that give rise to the cloud service-related challenges such as misconfigured storage, insufficient identity and access management controls, unsecured application programming interfaces (APIs), data loss, breaches, and leaks which is likely to drive growth in the cybersecurity market. For instance, Riyadh has been planning to attract huge foreign investments with the establishment of Special Economic Zones in the upcoming years. Riyadh has also been the launchpad of 5G in the country with the largest expansion of the 5G services in the city, thus making Riyadh a major demand generating Emirate for the Saudi Arabia cybersecurity market.

Growth of the Digital Economy

The Saudi Arabia Cybersecurity Market will benefit from the growing acceptance of cloud computing services due to their cost effectiveness, high performance, and accessibility. Moreover, supportive government initiatives such as “Make in Saudi Arabia” is anticipated to act as a catalyst in the growth of the Saudi Arabia Cybersecurity Market. The Security Operation Centre (SOC) has been introduced across the government, allowing agencies to take the lead in guaranteeing cybersecurity. Highlighting the concept of digital transformation and the many attributes that go together with it, the Kingdom’s progression is towards a brand new and improved method of accelerating the stages of development associated with Digital Transformation. Therefore, the increasing dependence on Internet in the Kingdom is anticipated to fuel the demand for cybersecurity in different sectors.

Growing Healthcare Industry

The use of Internet of Medical Things devices for better patient care raises potential threats in the healthcare sector, driving up demand for advanced healthcare cyber security solutions. Healthcare cyber security firms in Saudi Arabia provide healthcare institutions with cyber security services and solutions to secure their hospitals and patient information from data breaches and cyber-attacks. The practice of preserving the confidentiality, integrity, and availability of data is known as cyber security or information security. Cyber security is a risk management method, software, and technology aimed at preventing digital attacks, data theft, and unauthorized access to networks, devices, healthcare data, and programs. The market has a large number of advanced healthcare cyber security solutions. Healthcare is an attractive target for cybercriminals as medical data is between ten and twenty times more lucrative than credit card or banking details. Also, the digital transformation of healthcare over recent years has increased the incidence of cyber-attacks. These above-mentioned factors are accelerating the growth of the Saudi Arabia Cyber Security market.

Implementation of Saudi Vision 2030

The Kingdom of Saudi Arabia is at the forefront of good development in digital transformation, thanks to the implementation of Vision 2030 and the National Transformation Program 2020. Saudi Arabia's Vision 2030, a strategic framework for economic development in the public, commercial, and non-profit sectors, was adopted in 2016. The National Transformation Program 2020 was developed to help the government accomplish Vision 2030 by identifying potential difficulties and assisting in the development of policies and processes to overcome them. The Kingdom of Saudi Arabia's investment in digital infrastructure is critical to the realization of Vision 2030. In Saudi Arabia, the rise of digital infrastructure will spur the cyber security business. A strong digital infrastructure supports Saudi Arabia's digital transformation. This system has allowed the Kingdom to deal with instabilities in the public and private sectors, guaranteeing that activities, educational activities, citizens' requirements, and daily living on residents' digital platforms are all maintained.

Increasing Demand for Big Data

In the period of Big Data and the Internet of Things, data generated by the web, email, and social media applications, creates a challenge to Security Information and Event Management (SIEM) and, as a result, it is likely to propel the growth in the cybersecurity market. Additionally, Saudi Arabia is a hub of various multinationals and commercial setups which have moved towards technologies such as Big Data technology which is powerful tool as it allow examining huge amounts of data that may be vulnerable to cyber threats. Moreover, the government of Saudi Arabia has been imposing strict regulations emphasizing the necessity for cybersecurity solutions to safeguard confidential public data owing to the increasing penetration of networked devices in the country.

Increasing Saudi Arabia Framework for Higher Education in Cyber ​​Security

The government of Saudi Arabia has founded the National Cybersecurity Authority (NCA), in charge of cybersecurity in the country, which includes professional standards and frameworks, preparing its own educational and training programs, building and implementing relevant professional standards and tests, and the development of high-quality national academic programs in the field of cybersecurity. Moreover, the National Cybersecurity Authority (NCA) has both operational and regulatory functions related to cybersecurity, and it works with both private and public entities to improve the cybersecurity posture of the country to maintain its vital interests, critical infrastructures, national security, high-priority sectors, and government services and activities in alignment with Vision 2030. The framework aims to set the minimum requirements for study plans for higher education programs in cybersecurity to ensure the academic quality and the ability to graduate highly qualified cadres in cybersecurity.

 

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Market Segmentation

Saudi Arabia Cybersecurity market can be segmented into Security Type, Solution Type, Deployment Mode, End-User Industry, Region and competitive landscape. Based on Security Type, the market is segmented into Network Security, Application Security, Cloud Security, Endpoint Security, Content Security & Others (operational security, e-mail security, etc.). Based on Solution Type, the market is divided into Firewall, Antivirus & Antimalware, Risk & Compliance Management, Identity & Access Management, Data Loss Prevention, Unified Threat Management, Encryption & Decryption, Intrusion Detection/Prevention System, Infrastructure Security & Others (Denial-of-service attack, malware, man-in-the-middle-attack, drive-by-downloads, etc.). Based on Deployment Mode, the Saudi Arabia Cybersecurity market is segmented into Cloud and On-premises. Based on End-User Industry, the market is segmented into Government, BFSI, Corporates/Private Organizations, Retail, Healthcare, Education Technology & Others. Based on Region, the market is divided into Central, Eastern, Western & Rest of Saudi Arabia.

Company Profiles

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, Trellix, Trend Micro Incorporated, Al Moammar Information Systems Co., NEC Saudi Arabia Ltd., Tenable, Inc., Hewlett Packard Enterprise Development LP, Check Point Software Technologies Ltd., NortonLifeLock Inc. are among the major market players in Saudi Arabia that lead the market growth of the Saudi Arabia Cybersecurity market.

Attribute

Details

Market Size Value in 2021

 

USD3749.40 million

Revenue Forecast in 2027

USD10645.13 million

Growth Rate

18.73%

Base Year

2021

Historical Years

2017–2020

Estimated Year

2022

Forecast Period

2023–2027

Quantitative Units

Revenue in (USD million) and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Security Type

·         Solution Type

·         Deployment Mode

·         End-User Industry

·         Region

Regional Scope

Central, Eastern, Western, Rest of Saudi Arabia

Key Companies Profiled

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, Trellix, Trend Micro Incorporated, Al Moammar Information Systems Co., NEC Saudi Arabia Ltd., Tenable, Inc., Hewlett Packard Enterprise Development LP, Check Point Software Technologies Ltd., NortonLifeLock Inc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Saudi Arabia Cybersecurity Market has been segmented into the following categories in addition to the industry trends which have also been listed below:

  • Saudi Arabia Cybersecurity Market, By Security Type:
    • Network Security
    • Cloud Security
    • Application Security
    • Endpoint Security
    • Content Security
    • Others (operational security, e-mail security, etc.)
  • Saudi Arabia Cybersecurity Market, By Solution Type:
    • Firewall
    • Antivirus & Antimalware
    • Risk & Compliance Management
    • Identity & Access Management
    • Data Loss Prevention
    • Unified Threat Management
    • Intrusion Detection/Prevention System
    • Infrastructure Security
    • Encryption & Decryption
    • Others (Denial-of-service attack, malware, man-in-the-middle-attack, drive-by-downloads, etc.)
  • Saudi Arabia Cybersecurity Market, By Deployment Mode:
    • Cloud
    • On-premises
  • Saudi Arabia Cybersecurity Market, By End-User Industry:
    • Government
    • BFSI
    • Corporates/Private Organizations
    • Retail
    • Healthcare
    • Education Technology
    • Others (Manufacturing, automobile, etc.)

·         Saudi Arabia Cybersecurity Market, By Region:

    • Central
    • Western
    • Eastern
    • Rest of Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Cybersecurity Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Service Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Saudi Arabia Cybersecurity Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Types of Security Threats Experienced

5.3.  Impact of Cybersecurity Threat

5.4.  Customer Satisfaction

5.5.  Key Vendor Selection Parameters

6.    Saudi Arabia Cybersecurity Market Outlook, 2017-2027

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Content Security & Others)

6.2.2.     By Solution Type (Firewall, Antivirus & Antimalware, Risk & Compliance Management, Identity & Access Management, Data Loss Prevention, Unified Threat Management, Encryption & Decryption, Intrusion Detection/Prevention System, Infrastructure Security & Others)

6.2.3.     By Deployment Mode (Cloud & On-premises)

6.2.4.     By End-User Industry (Government, BFSI, Corporates/Private Organizations, Retail, Healthcare, Education Technology & Others)

6.2.5.     By Region (Central, Eastern, Western & Rest of Saudi Arabia) 

6.2.6.     By Top 5 Emirates

6.2.7.     By Company (2021)

6.3.  Market Map (Security Type, Solution Type, Deployment Mode, End-User Industry, Region)

7.    Saudi Arabia Network Security Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Solution Type

7.2.2.     By Deployment Mode

7.2.3.     By End-User Industry

8.    Saudi Arabia Cloud Security Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Solution Type

8.2.2.     By Deployment Mode

8.2.3.     By End User Industry

9.    Saudi Arabia Application Security Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Solution Type

9.2.2.     By Deployment Mode

9.2.3.     By End User Industry

10.  Saudi Arabia Endpoint Security Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Solution Type

10.2.2.  By Deployment Mode

10.2.3.  By End User Industry

11.  Saudi Arabia Content Security Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Solution Type

11.2.2.  By Deployment Mode

11.2.3.  By End User Industry

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Policy and Regulatory Landscapes

15.  Saudi Arabia Economic Profile

16.  Company Profiles

16.1.              IBM Middle East FZ-L.L.C

16.2.              Dell Technologies Inc.

16.3.              Palo Alto Networks Saudi Arabian Limited Company

16.4.              Cisco (Saudi Arabia) Support Limited

16.5.              Fortinet, Inc.

16.6.              Lockheed Martin Corporation

16.7.              Trellix

16.8.              Trend Micro Incorporated 

16.9.              Al Moammar Information Systems Co.

16.10.            NEC Saudi Arabia Ltd.

16.11.            Tenable, Inc.

16.12.            Hewlett Packard Enterprise Development LP

16.13.            Check Point Software Technologies Ltd.

16.14.            NortonLifeLock Inc.

17.  Strategic Recommendations

18.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures:

    Figure 1: Saudi Arabia Cybersecurity Market Size, By Value (USD Million), 2017-2027F

    Figure 2: Saudi Arabia Cybersecurity Market Share, By Security Type, By Value, 2017-2027F

    Figure 3: Saudi Arabia Cybersecurity Market Share, By Solution Type, By Value, 2017-2027F

    Figure 4: Saudi Arabia Cybersecurity Market Share, By Deployment Mode, By Value, 2017-2027F

    Figure 5: Saudi Arabia Cybersecurity Market Share, By End-User Industry, By Value, 2017-2027F

    Figure 6: Saudi Arabia Cybersecurity Market Share, By Region, By Value, 2017-2027F

    Figure 7: Saudi Arabia Cybersecurity Market Share, By Top 5 Emirates, By Value, 2017-2027F

    Figure 8: Saudi Arabia Cybersecurity Market Share, By Company, By Value, 2021

    Figure 9: Saudi Arabia Cybersecurity Market Map, By Security Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 10: Saudi Arabia Cybersecurity Market Map, By Solution Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 11: Saudi Arabia Cybersecurity Market Map, By Deployment Mode, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 12: Saudi Arabia Cybersecurity Market Map, By End-User Industry, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 13: Saudi Arabia Cybersecurity Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 14: Saudi Arabia Network Security Market Size, By Value (USD Million), 2017-2027F

    Figure 15: Saudi Arabia Network Security Market Share, By Solution Type, By Value, 2017-2027F

    Figure 16: Saudi Arabia Network Security Market Share, By Deployment Mode, By Value, 2017-2027F

    Figure 17: Saudi Arabia Network Security Market Share, By End-User Industry, By Value, 2017-2027F

    Figure 18: Saudi Arabia Cloud Security Market Size, By Value (USD Million), 2017-2027F

    Figure 19: Saudi Arabia Cloud Security Market Share, By Solution Type, By Value, 2017-2027F

    Figure 20: Saudi Arabia Cloud Security Market Share, By Deployment Mode, By Value, 2017-2027F

    Figure 21: Saudi Arabia Cloud Security Market Share, By End-User Industry, By Value, 2017-2027F

    Figure 22: Saudi Arabia Application Security Market Size, By Value (USD Million), 2017-2027F

    Figure 23: Saudi Arabia Application Security Market Share, By Solution Type, By Value, 2017-2027F

    Figure 24: Saudi Arabia Application Security Market Share, By Deployment Mode, By Value, 2017-2027F

    Figure 25: Saudi Arabia Application Security Market Share, By End-User Industry, By Value, 2017-2027F

    Figure 26: Saudi Arabia Endpoint Security Market Size, By Value (USD Million), 2017-2027F

    Figure 27: Saudi Arabia Endpoint Security Market Share, By Solution Type, By Value, 2017-2027F

    Figure 28: Saudi Arabia Endpoint Security Market Share, By Deployment Mode, By Value, 2017-2027F

    Figure 29: Saudi Arabia Endpoint Security Market Share, By End-User Industry, By Value, 2017-2027F

    Figure 30: Saudi Arabia Content Security Market Size, By Value (USD Million), 2017-2027F

    Figure 31: Saudi Arabia Content Security Market Share, By Solution Type, By Value, 2017-2027F

    Figure 32: Saudi Arabia Content Security Market Share, By Deployment Mode, By Value, 2017-2027F

    Figure 33: Saudi Arabia Content Security Market Share, By End-User Industry, By Value, 2017-2027F