14 Hrs
Source:
الاقتصادية
Saudi cybersecurity market to hit 16.3B riyals by 2025
The cybersecurity market size in Saudi Arabia was approximately 16.3 billion Saudi Riyals in 2025, with an expected annual growth rate of 10.7% over the previous three years. The sector contributed directly and indirectly nearly 20 billion Riyals to the gross domestic product (GDP), accounting for about 0.42% of the total GDP and 0.71% of the non-oil GDP. The private sector captured 69% of the market with an expenditure of 11.2 billion Riyals, while government sector spending reached 5.1 billion Riyals. The sector also saw growth in the number of specialists, who numbered over 22,000 employees, with a compounded annual growth rate of 5.9%. Female participation was high, accounting for 33%. Cybersecurity products constitute approximately 51% of the market, compared to 49% for services. Market growth is primarily focused on enhancing competitiveness, encouraging investment, and fostering innovation within the digital sector.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)