Future of the Saudi Arabia Cyber Security Market

As we glimpse ahead to 2025–2030, Saudi Arabia’s cybersecurity market stands at a pivotal juncture one shaped by bold national ambitions, rising threats, and rapid technological evolution. MarkNtel Advisors projects the market to climb from approximately USD 3.4 billion in 2024 to around USD 6.02 billion by 2030, manifesting a steady CAGR near 10 percent over the forecast period

Market Momentum & Strategic Drivers

What’s fueling this growth? First, the acceleration of digital transformation under Saudi Arabia’s Vision 2030 is a key lever. The Kingdom is modernizing public services covering healthcare, finance, education, energy and heavily investing in digital infrastructure. It aims to diversify its economy and reshape its digital fabric Notably, Vision 2030 has elevated Saudi Arabia to fourth in the Global Cybersecurity Index (2024), and second among G20 nations, underscoring its commitment to secure digitalization

Other major drivers include:

• A surge in cyberattacks over 110 million attacks targeting sectors like healthcare, finance, and oil highlighting vulnerabilities and raising the urgency for robust cybersecurity investments
• An expected explosion of IoT devices projected at 40 billion connected devices by 2030 requiring advanced security frameworks
• A regional shift toward AI-powered threat detection, cloud security, blockchain, and encryption technologies, enabling proactive and resilient defenses
• The adoption of Zero Trust Architecture (ZTA) by enterprises, particularly in government and energy sectors, to counter increasingly sophisticated cyber threats

Opportunities & Innovations

Saudi Arabia is emerging as a regional cybersecurity innovation hub. Domestic investment in cybersecurity startups such as a USD 13.3 million injection into Cipher by Impact46 in December 2024 demonstrates a surge in entrepreneurial growth

Vision 2030 also fuels development of innovation hubs:

• NEOM, the futuristic smart city project valued at over USD 500 billion.
• KACST (King Abdulaziz City for Science and Technology).
• Saudi Aramco’s partnerships with AI-enabled cybersecurity startups.

These investments catalyze a thriving ecosystem of local innovation, tailored to Saudi Arabia’s security needs

Key Challenges Ahead

Yet, the path forward is not without obstacles. The rapid evolution of cyber threats including ransomware-as-a-service, zero-day exploits, and shifting tactics poses ongoing danger. In 2024, Saudi Arabia saw a 35 percent increase in cyberattacks, with 70 percent of businesses encountering at least one incident

The cyber-group “Justice Blade” exemplifies these threats, having infiltrated major organizations and government databases using advanced techniques

Outlook & Strategic Takeaways

By 2030, the cybersecurity market in Saudi Arabia is set to near USD 6 billion, with a yearly growth rate around 10 percent Yet, contrasting forecasts from other sources like Grand View Research or Mordor Intelligence suggest even higher projections, underscoring the dynamic and fast-moving nature of this sector.

In thinking strategically, organizations and policymakers should:

• Build flexible, AI- and cloud-centric cybersecurity infrastructures.
• Leverage Zero Trust models for enhanced resistance.
• Foster public–private partnerships, supporting local startup innovation.
• Strengthen regulatory frameworks and compliance via NCA and Vision 2030 momentum.