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Saudi Arabia Cybersecurity Market, By Offering (Solution, Services); By Deployment Mode (On-premises, Cloud, Hybrid); By Security Type (Network Security, Endpoint & IoT Security, Cloud Security, Application Security); By Verticals (Government, BFSI, Healt

Publisher BlueWeave Consulting
Published Aug 08, 2024
Length 400 Pages
SKU # BLWC19215213

Description

Saudi Arabia Cybersecurity Market, By Offering (Solution, Services); By Deployment Mode (On-premises, Cloud, Hybrid); By Security Type (Network Security, Endpoint & IoT Security, Cloud Security, Application Security); By Verticals (Government, BFSI, Healthcare & Lifesciences, Aerospace & Defense, Retail & E-commerce, Manufacturing, Energy & Utilities, Telecommunication, Transportation & Logistics, Media & Entertainment, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Saudi Arabia Cybersecurity Market Size almost Triples Its Value at Robust CAGR to Reach USD 16.53 Billion by 2030
Saudi Arabia Cybersecurity Market is booming because of the growing digital transformation across the Kingdom and a heightened focus on thwarting increasing incidence of cyberattacks.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Cybersecurity Market size at USD 5.60 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Cybersecurity Market size to expand at a CAGR of 16.80% reaching a value of USD 16.53 billion by 2030. The growing use of smart devices, cloud computing, and other cutting-edge technologies like artificial intelligence (AI) and machine learning (ML), as well as the increasing frequency of cyberattacks, are key driving factors for Saudi Arabia Cybersecurity Market. Additionally, over the projected period, Saudi Arabia Cybersecurity Market is expected to be driven by a strict legal framework to safeguard data privacy and protection in the Kingdom.
Opportunity - Rising frequency and sophistication of cyberattacks
The rising frequency of cyberattacks that have been occurring across Saudi Arabia in recent years has caused great concern for the Kingdom. Saudi Arabia faces around 22.5 million cyberattacks per year, which is prompting businesses to adopt cybersecurity measures to protect their data. In addition, the rising adoption of advanced technologies, such as the Internet of Things (IoT), has resulted in a significant spike in data volume and increased cyber threats, which further escalated the need to deploy advanced cybersecurity solutions, driving Saudi Arabia Cybersecurity Market.
Network Security Type Holds Largest Market Share in Saudi Arabia
Saudi Arabia Cybersecurity Market consists of major security type segments including network security, endpoint & IoT security, cloud security, and application security. Among these segments, the network security segment holds the largest share in Saudi Arabia Cybersecurity Market. The increased frequency of incidents involving sensitive information being obtained through data breaches, especially in the banking sector, is driving demand for network security. The increasing popularity of cloud computing is driving rapid growth in the cloud security market as well.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Cybersecurity Market
Intensifying geopolitical tensions can have a multifaceted impact on Saudi Arabia Cybersecurity Market. Uncertainties stemming from geopolitical instability can increase the frequency of cyberattacks. Furthermore, heightened security concerns may undermine consumer confidence and deter private sector investments in cybersecurity solutions. However, the Saudi government’s focus and investments will continue to increase in strengthening its cyber infrastructure and it security. To address these challenges, stakeholders may need to navigate regulatory shifts to bolster market resilience against geopolitical risks. The approach aims to sustain growth and stability amidst external uncertainties.
Competitive Landscape
Saudi Arabia Cybersecurity market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include IBM Corporation, Cisco Systems Inc., Microsoft Corporation, Broadcom Inc., Dell Technologies Inc., Palo Alto Networks Inc., AO Kaspersky Lab, and McAfee Corporation.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Saudi Arabia Cybersecurity Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Cybersecurity Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

400 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Cybersecurity Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing Digitalization in Saudi Arabia
3.2.1.2. Growing Frequency of Cyberattacks
3.2.1.3. Data Protection Regulations
3.2.2. Restraints
3.2.2.1. Lack of Skilled Workforce
3.2.2.2. Increasing Cybersecurity Awareness
3.2.2.3. Cost of Solutions
3.2.3. Opportunities
3.2.3.1. Growing Demand for Cloud Security Solutions
3.2.3.2. Advancements in Emerging Technologies, such as Artificial Intelligence (AI), Machine Learning (ML), Big Data Analytics
3.2.3.3. Increasing Use of IoT Devices Source
3.2.4. Challenges
3.2.4.1. Regulatory Environment for Cybersecurity in Saudi Arabia
3.2.4.2. Increasing Cybersecurity Threat in Saudi Arabia
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Cybersecurity Market: Marketing Strategies
5. Saudi Arabia Cybersecurity Market: Pricing Analysis
6. Saudi Arabia Cybersecurity Market Overview
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Offering
6.2.1.1. Solutions
6.2.1.1.1. IAM
6.2.1.1.2. Antivirus/Antimalware
6.2.1.1.3. Log Management & SIEM
6.2.1.1.4. Firewall
6.2.1.1.5. Encryption & Tokenization
6.2.1.1.6. Compliance & Policy Management
6.2.1.1.7. Patch Management
6.2.1.1.8. Others
6.2.1.2. Services
6.2.2. By Deployment Mode
6.2.2.1. On-premises
6.2.2.2. Cloud
6.2.2.3. Hybrid
6.2.3. By Security Type
6.2.3.1. Network Security
6.2.3.2. Endpoint & IoT Security
6.2.3.3. Cloud Security
6.2.3.4. Application Security
6.2.4. By Verticals
6.2.4.1. Government
6.2.4.2. BFSI
6.2.4.3. Healthcare & Lifesciences
6.2.4.4. Aerospace & Defense
6.2.4.5. Retail & eCommerce
6.2.4.6. Manufacturing
6.2.4.7. Energy & Utilities
6.2.4.8. Telecommunications
6.2.4.9. Transportation & Logistics
6.2.4.10. Media & Entertainment
6.2.4.11. Others
7. Competitive Landscape
7.1. List of Key Players and Their Products
7.2. Saudi Arabia Cybersecurity Company Market Share Analysis, 2023
7.3. Competitive Benchmarking, By Operating Parameters
7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Cybersecurity Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
9.1. IBM Corporation
9.2. Cisco Systems Inc
9.3. Microsoft Corporation
9.4. Broadcom Inc
9.5. Dell Technologies Inc.
9.6. Palo Alto Networks Inc.
9.7. AO Kaspersky Lab
9.8. McAfee Corporation
9.9. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
11.1. Qualitative Research
11.1.1. Primary & Secondary Research
11.2. Quantitative Research
11.3. Market Breakdown & Data Triangulation
11.3.1. Secondary Research
11.3.2. Primary Research
11.4. Breakdown of Primary Research Respondents
11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Cybersecurity Market Segmentation
Figure 2 Saudi Arabia Cybersecurity Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Cybersecurity Market Size, By Value (USD Billion), 2019–2030
Figure 5 Saudi Arabia Cybersecurity Market Share, By Offering, By Value (USD Billion) 2019–2030
Figure 6 Saudi Arabia Cybersecurity Market Share, By Deployment Type, By Value (USD Billion) 2019–2030
Figure 7 Saudi Arabia Cybersecurity Market Share, By Security Type, By Value (USD Billion) 2019–2030
Figure 7 Saudi Arabia Cybersecurity Market Share, By Verticals, By Value (USD Billion) 2019–2030
List of Tables
Table 1 Saudi Arabia Cybersecurity Market Size, By Value (USD Billion), 2019–2030
Table 2 Saudi Arabia Cybersecurity Market Share, By Offering, By Value (USD Billion) 2019–2030
Table 3 Saudi Arabia Cybersecurity Market Share, By Deployment Type, By Value (USD Billion) 2019–2030
Table 4 Saudi Arabia Cybersecurity Market Share, By Security Type, By Value (USD Billion) 2019–2030
Table 5 Saudi Arabia Cybersecurity Market Share, By Verticals, By Value (USD Billion), 2019–2030
Table 6 IBM Corporation Company Overview
Table 7 IBM Corporation Financial Overview
Table 8 Cisco Systems Inc Company Overview
Table 9 Cisco Systems Inc Financial Overview
Table 10 Microsoft Corporation Company Overview
Table 11 Microsoft Corporation Financial Overview
Table 12 Broadcom Inc Company Overview
Table 13 Broadcom Inc Financial Overview
Table 14 Dell Technologies Inc. Company Overview
Table 15 Dell Technologies Inc. Financial Overview
Table 16 Palo Alto Networks Inc. Company Overview
Table 17 Palo Alto Networks Inc. Financial Overview
Table 18 AO Kaspersky Lab Company Overview
Table 19 AO Kaspersky Lab Financial Overview
Table 20 McAfee Corporation Company Overview
Table 21 McAfee Corporation Financial Overview

Pricing

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