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Cybersecurity sector to hit 20B SAR by 2025
The National Cybersecurity Authority's report states that Saudi Arabia's cybersecurity sector contributed approximately 20 billion Riyals to the GDP in 2025, with an annual compound growth rate of 13.2%. The cybersecurity market size reached 16.3 billion Riyals, reflecting a compounded annual growth rate of 10.7% over the past three years, with government spending amounting to 5.1 billion Riyals (31%) and the private sector investing 11.2 billion Riyals (69%). The kingdom has more than 22,000 cybersecurity specialists, growing at an annual rate of 5.9%, with female participation exceeding 33%, which is higher than the global average of 22%. The study highlights the most significant products and services in terms of expenditure, such as network and data security, and reflects efforts to boost investment and innovation in the country's cybersecurity sector.
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