Saudi cybersecurity market grows 10.7%, reaches SAR 16.3 billion
Saudi Arabia's cybersecurity market is projected to hit SAR 16.3 billion in 2025, driven by robust growth and increased public and private sector investment, according to the authority.
The Saudi cybersecurity market is expected to reach SAR 16.3 billion by 2025, growing at a compound annual rate of 10.7% over the past three years, according to a recent report from the National Cybersecurity Authority. Government spending on cybersecurity products and services accounted for 31% of the market, while private sector investment made up 69%.
The sector's contribution to Saudi Arabia's GDP in 2025 is projected to be SAR 20 billion, with a CAGR of 13.2%. The cybersecurity workforce in the country has surpassed 22,000 specialists, with a growth rate of 5.9%. Women's participation in the sector is above the global average, with 33% of the workforce being women. The market is divided between product and service categories, with spending on products accounting for 51% and services making up 49%.
The growth of Saudi Arabia's cybersecurity market is driven by initiatives to enhance competitiveness and foster collaboration between the public and private sectors.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
