Saudi Arabia Cyber Security Market (2020-2026) | Size, Share, Growth, Leaders, Forecast, Revenue, Analysis, industry, Outlook & COVID-19 IMPACT
Market Forecast By Components (Solutions, Services), By Offerings (Identity And Access Management, Infrastructure Security, Governance, Risk And Compliance, Unified Vulnerability Management Service, Data Security And Privacy Service And Other), By Deployments (Cloud, On-Premises), By Verticals (Aerospace And Defense, BFSI (Banking Finance Services And Insurance), Retail, Healthcare, And Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Commercial Offices, And Others), By Regions (Central Region, Western Region, Eastern Region, Southern Region)And Competitive Landscape.
| Product Code: ETC060900 | Publication Date: Feb 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 90 | No. of Figures: 32 | No. of Tables: 2 |
Latest (2023) Development of Saudi Arabia Cyber Security Market
Saudi Arabia Cyber Security Market has seen various new development over the years. For instance, the government of Saudi Arabia is increasing its investment budget in cyber security in order to protect critical national infrastructure and improve the security of online transactions. This has further created new opportunities for cybersecurity companies. The increasing focus on smart city development resulted in increasing demand for cyber security solutions due to the need to secure the large amounts of data generated by these cities and to protect the digital infrastructure.
The adoption of cloud security solutions is growing in Saudi Arabia, as companies are looking to protect their sensitive data and applications from cyber threats. The growing demand for Artificial Intelligence (AI) and Machine Learning (ML) Technologies in cyber security is increasing as these technologies help to improve the accuracy and efficiency of security operations. Furthermore, the public and private sectors in Saudi Arabia are partnering to improve the country's cyber security posture, by sharing intelligence and collaborating on cyber security initiatives. This collaboration is helping to create new opportunities for cybersecurity companies in the region. Overall, the cyber security market in Saudi Arabia is growing rapidly by increased investment and a growing demand for advanced cybersecurity solutions in the region.
Saudi Arabia Cyber Security Systems Market Synopsis
Saudi Arabia cyber security market is anticipated to witness strong growth over the coming years owing to a rapid increase in cyber-attacks and threats and the growing adoption of cloud computing, and IoT across various industries. Furthermore, growing awareness about cyber security products and government regulations mandating cyber security governance such as Cyber Security Framework by SAMA (Saudi Arabian Monetary Authority) would also supplement the growth of the market in the coming years.
Efforts to diversify the economy under Vision 2030 are likely to play a key role in increasing digitalization and thereby supporting the growing demand for cybersecurity solutions. The government and defence sectors are anticipated to dominate the cybersecurity market in the coming years. However, owing to diversification, healthcare and telecom domains are anticipated to grow at a fast pace as well.
According to 6Wresearch, Saudi Arabia Cyber Security Systems Market size is projected to grow at CAGR of 12.4% during 2020-2026. Saudi Arabia’s natural resources and the geopolitical tensions in the middle eastern region have made Saudi Arabia one of the prime targets for hackers. These developments have necessitated private and public sector enterprises to boost their cyber infrastructure in order to protect their data. This has also led to massive government investment in the IT sector to boost cyber security across various domains. Additionally. Saudi Arabia has identified cyber security as one of the key goals of its National Transformation Program 2020.
Market Analysis by Verticals
On the basis of verticals, government and Defence verticals dominated the market revenue share in the overall cybersecurity industry in Saudi Arabia in 2019. The presence of vast natural resources and ongoing geopolitical tensions have made Saudi Arabia one of the most common targets of hackers which have necessitated the growing investment in strengthening cybersecurity infrastructure across government institutions and organizations. Furthermore, efforts to diversify the economy would open up new avenues for the market of cybersecurity in domains such as healthcare and hospitality.”
COVID-19 Impact on Saudi Arabia Cyber Security Market
The ongoing global pandemic COVID-19 is expected to hamper the overall economic growth of Saudi Arabia, thus, restraining the growth of the cyber security market in Saudi Arabia as well. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in overall market growth.
Key players in the market
Some of the key players in Saudi Arabia Cyber Security 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
- Trellix
- Trend Micro Incorporated
- Al Moammar Information Systems Co.
- NEC Saudi Arabia Ltd.
- Tenable, Inc.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2020.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Saudi Arabia Cyber Security Market Outlook
- Market Size of Saudi Arabia Cyber Security Market, 2019
- Forecast of Saudi Arabia Cyber Security Market, 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Revenues & Volume for the Period 2016 - 2026
- Saudi Arabia Cyber Security Market Trend Evolution
- Saudi Arabia Cyber Security Market Drivers and Challenges
- Saudi Arabia Cyber Security Price Trends
- Saudi Arabia Cyber Security Porter's Five Forces
- Saudi Arabia Cyber Security Industry Life Cycle
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Component for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Software for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Hardware for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Services for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Software for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By IAM for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Antivirus/Antimalware for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Log Management and SIEM for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Encryption and Tokenization for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Compliance and Policy Management for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Patch Management for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Other Software for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Security Type for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Network Security for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Cloud Security for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Application Security for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Endpoint and IoT Security for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Deployment Mode for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Cloud for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By On-premises for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Organization Size for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Large Enterprises for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By SMEs for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Vertical for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Aerospace and Defense for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By BFSI for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By IT and ITeS for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Telecommunication for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Energy and Utilities for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Retail and e Commerce for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Healthcare for the Period 2016 - 2026
- Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues & Volume By Transportation and Logistics for the Period 2016 - 2026
- Saudi Arabia Cyber Security Import Export Trade Statistics
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Software
- Market Opportunity Assessment By Security Type
- Market Opportunity Assessment By Deployment Mode
- Market Opportunity Assessment By Organization Size
- Market Opportunity Assessment By Vertical
- Saudi Arabia Cyber Security Top Companies Market Share
- Saudi Arabia Cyber Security Competitive Benchmarking By Technical and Operational Parameters
- Saudi Arabia Cyber Security Company Profiles
- Saudi Arabia Cyber Security Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Components
- Solutions
- Services
By Offerings
- Identity and Access Management
- Infrastructure Security
- Governance, Risk, and Compliance
- Unified Vulnerability Management Service
- Data Security and Privacy Service
- Other
By Deployments
- Cloud
- On-Premises
By Verticals
- Aerospace and Defense
- BFSI (Banking Finance Services and Insurance)
- Retail
- Healthcare
- IT and Telecom
- Energy and Utilities
- Manufacturing
- Commercial Offices
- Others
Saudi Arabia Cyber Security Market: FAQs
The report not only considered the COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.
How much growth is expected in the Saudi Arabia Cyber Security Systems Market over the coming years?
The Saudi Arabia Cyber Security Systems Market revenue is anticipated to record a CAGR of 12.4% during 2020-2026.
On-premise is the leading market segment in the overall market revenues in the year 2019.
The government and Defense vertical is expected to record key growth throughout the forecast period 2020-2026.
The key players in the market include- Cisco Systems Inc., Fortinet Inc., Palo Alto Networks Inc., Broadcom Inc., Trend Micro Inc., Kaspersky Lab, IBM Corporation, Kaspersky Lab, IBM Corporation, and FireEye Inc.
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| Table of Content |
| 1. Executive Summary |
| 2. Introduction |
| 2.1. Report Description |
| 2.2. Key Highlights |
| 2.3. Market Scope & Segmentation |
| 2.4. Research Methodology |
| 2.5. Assumptions |
| 3. Saudi Arabia Cyber Security Market Overview |
| 3.1. Saudi Arabia Cyber Security Market Revenues, 2016-2026F |
| 3.2. Saudi Arabia Cyber Security Market- Industry Life Cycle |
| 3.3. Saudi Arabia Cyber Security Market - Porter’s Five Forces |
| 3.4. Saudi Arabia Cyber Security Market Revenue Share, By Types, 2019 & 2026F |
| 3.5. Saudi Arabia Cyber Security Market Revenue Share, By Deployment, 2019 & 2026F |
| 3.6. Saudi Arabia Cyber Security Market Revenue Share, By Verticals, 2019 & 2026F |
| 3.7. Saudi Arabia Cyber Security Market Revenue Share, By Regions, 2019 & 2026F |
| 4. Saudi Arabia Cyber Security Market Dynamics |
| 4.1. Impact Analysis |
| 4.2. Market Drivers |
| 4.3. Market Restraints |
| 5. Saudi Arabia Cyber Security Market Trends |
| 6. Saudi Arabia Cyber Security Market Overview, By Types |
| 6.1. Saudi Arabia Cyber Security Market Revenues, By Consumer Software, 2016-2026F |
| 6.2. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Products, 2016-2026F |
| 6.2.1. Saudi Arabia Cyber Security Market Revenue Share, By Enterprise Cyber Security Product Types, 2019 & 2026F |
| 6.2.2. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Product Types, 2016-2026F |
| 6.3. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Services, 2016-2026F |
| 6.3.1. Saudi Arabia Cyber Security Market Revenue Share, By Enterprise Cyber Security Service Types, 2019 & 2026F |
| 6.3.2. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Service Types, 2016-2026F |
| 7. Saudi Arabia Cyber Security Market Overview, By Deployment |
| 7.1. Saudi Arabia Cyber Security Market Revenues, By Cloud, 2016-2026F |
| 7.2. Saudi Arabia Cyber Security Market Revenues, By On Premises, 2016-2026F |
| 8. Saudi Arabia Cyber Security Market Overview, By Verticals |
| 8.1. Saudi Arabia Cyber Security Market Revenues, By Government and Defense, 2016-2026F |
| 8.2. Saudi Arabia Cyber Security Market Revenues, By BFSI, 2016-2026F |
| 8.3. Saudi Arabia Cyber Security Market Revenues, By Retail, 2016-2026F |
| 8.4. Saudi Arabia Cyber Security Market Revenues, By Healthcare and Hospitality, 2016-2026F |
| 8.5. Saudi Arabia Cyber Security Market Revenues, By IT and Telecom, 2016-2026F |
| 8.6. Saudi Arabia Cyber Security Market Revenues, By Energy and Utilities, 2016-2026F |
| 8.7. Saudi Arabia Cyber Security Market Revenues, By Manufacturing, 2016-2026F |
| 8.8. Saudi Arabia Cyber Security Market Revenues, By Others, 2016-2026F |
| 9. Saudi Arabia Cyber Security Market Overview, By Regions |
| 9.1. Saudi Arabia Cyber Security Market Revenues, By Central Region, 2016-2026F |
| 9.2. Saudi Arabia Cyber Security Market Revenues, By Western Region, 2016-2026F |
| 9.3. Saudi Arabia Cyber Security Market Revenues, By Eastern Region, 2016-2026F |
| 9.4. Saudi Arabia Cyber Security Market Revenues, By Southern Region, 2016-2026F |
| 10. Saudi Arabia Cyber Security Market – Key Performance Indicators |
| 11. Saudi Arabia Cyber Security Market - Opportunity Assessment |
| 11.1. Saudi Arabia Cyber Security Market Opportunity Assessment, By Types, 2026F |
| 11.2. Saudi Arabia Cyber Security Market Opportunity Assessment, By Deployment, 2026F |
| 11.3. Saudi Arabia Cyber Security Market Opportunity Assessment, By Verticals, 2026F |
| 12. Saudi Arabia Cyber Security Market – Competitive Landscape |
| 12.1. Saudi Arabia Cyber Security Market Company Revenue Ranking, By Company, 2019 |
| 13. Company Profiles |
| 13.1. Cisco Systems Inc. |
| 13.2. Fortinet Inc. |
| 13.3 Palo Alto Networks Inc. |
| 13.4. Broadcom Inc. |
| 13.5. Trend Micro Inc. |
| 13.6. Kaspersky Lab |
| 13.7. IBM Corporation |
| 13.8. Kaspersky Lab |
| 13.9. IBM Corporation |
| 13.10. FireEye Inc. |
| 14. Key Strategic Recommendation |
| 15. Disclaimer |
| List of Figures |
| Figure1. Saudi Arabia Cyber Security Market Revenues, 2016-2026F ($ Billion) |
| Figure2. Saudi Arabia Cyber Security Market - Industry Life Cycle, 2019 |
| Figure3. Saudi Arabia Cyber Security Market Revenue Share, By Types, 2019 & 2026F |
| Figure4. Saudi Arabia Cyber Security Market Revenue Share, By Deployment, 2019 & 2026F |
| Figure5. Saudi Arabia Cyber Security Market Revenue Share, By Verticals, 2019 & 2026F |
| Figure6. Saudi Arabia Cyber Security Market Revenue Share, By Regions, 2019 & 2026F |
| Figure7. Saudi Arabia ICT Market Spending, 2016–2022F ($ Billion) |
| Figure8. Saudi Arabia IoT Spending, 2018-2023F ($ Million) |
| Figure9. Saudi Arabia Cloud Implementation Roadmap, 2018-20E |
| Figure10. Saudi Arabia Cyber Security Market Revenues, By Consumer Software, 2016-2026F ($ Million) |
| Figure11. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Products, 2016-2026F ($ Million) |
| Figure12. Saudi Arabia Cyber Security Market Revenue Share, By Enterprise Cyber Security Product Types, 2019 & 2026F |
| Figure13. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Services, 2016-2026F ($ Million) |
| Figure14. Saudi Arabia Cyber Security Market Revenue Share, By Enterprise Cyber Security Services Types, 2019 & 2026F |
| Figure15. Saudi Arabia Cyber Security Market Revenues, By Deployment, 2016-2026F ($ Million) |
| Figure16. Saudi Arabia Cyber Security Market Revenues, By Government and Defense, 2016-2026F ($ Million) |
| Figure17. Saudi Arabia Cyber Security Market Revenues, By BFSI, 2016-2026F ($ Million) |
| Figure18. Saudi Arabia Cyber Security Market Revenues, By Retail, 2016-2026F ($ Million) |
| Figure19. Saudi Arabia Cyber Security Market Revenues, By Healthcare and Hospitality, 2016-2026F ($ Million) |
| Figure20. Saudi Arabia Cyber Security Market Revenues, By IT and Telecom, 2016-2026F ($ Million) |
| Figure21. Saudi Arabia Cyber Security Market Revenues, By Energy and Utilities, 2016-2026F ($ Million) |
| Figure22. Saudi Arabia Cyber Security Market Revenues, By Manufacturing, 2016-2026F ($ Million) |
| Figure23. Saudi Arabia Cyber Security Market Revenues, By Other Verticals, 2016-2026F ($ Million) |
| Figure24. Saudi Arabia Cyber Security Market Revenues, By Regions, 2016-2026F ($ Million) |
| Figure25. Saudi Arabia Big Data Market, 2016-2018 ($ Million) |
| Figure26. Saudi Arabia E commerce Market Revenues, 2018–24F ($ Million) |
| Figure27. Saudi Arabia Projected Food and Beverages Market Size, 2018–2021F (SAR Billion) |
| Figure28. Saudi Arabia Cyber Security Market Opportunity Assessment, By Types, 2026F |
| Figure29. Saudi Arabia Cyber Security Market Opportunity Assessment, By Deployment , 2026F |
| Figure30. Saudi Arabia Cyber Security Market Opportunity Assessment, By Verticals, 2026F |
| Figure31. Saudi Arabia Cyber Security Market Revenue Ranking, By Company, 2019 |
| Figure32. Saudi Arabia Cyber Security Market – Ansoff Matrix |
| List of Tables |
| Table1. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Products Types, 2016-2026F ($ Million) |
| Table2. Saudi Arabia Cyber Security Market Revenues, By Enterprise Cyber Security Service Types, 2016-2026F ($ Million) |
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