Saudi Arabia sees rapid digital transformation, says AI governance official
Saudi Arabia’s digital transformation is driving growth in the cybersecurity market, according to the Deputy Chair of AI Governance.
Saudi Arabia is experiencing a rapid digital transformation, which is propelling growth in the cybersecurity market, according to Dr. Intisar Kayyal, Deputy Chair of AI Governance. Kayyal stated in an interview with Al Ekhbariya radio that developing human capital and strengthening national competencies are critical factors fueling the expansion of the country's cybersecurity industry.
In Kayyal's view, the significance of building human capital and enhancing national skills is paramount to supporting the growth of the cybersecurity sector in Saudi Arabia. The National Cybersecurity Authority's report projects the Saudi cybersecurity market to reach approximately 16.3 billion riyals, or about $4.3 billion, by 2025.
The report also reveals that the market has experienced a compound annual growth rate of 10.7% over the past three years.
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