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 cyber...