Saudi Arabia Cybersecurity and MSSP Market
Description
Saudi Arabia Cybersecurity and MSSP Market Overview
The Saudi Arabia Cybersecurity and MSSP Market is valued at USD 4.7 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing frequency and sophistication of cyber threats, rapid digital transformation across public and private sectors, and the government's intensified focus on national cybersecurity frameworks. The demand for robust cybersecurity solutions is further fueled by the widespread adoption of cloud services, proliferation of IoT devices, and increased remote work, which collectively raise the risk profile for organizations and necessitate advanced security investments .
Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their roles as economic and technological centers. Riyadh, as the capital, is home to major government bodies and financial institutions requiring advanced cybersecurity. Jeddah and Dammam are significant for their industrial bases and strategic locations, which drive demand for comprehensive cybersecurity solutions to safeguard critical infrastructure and sensitive data .
The National Cybersecurity Strategy, implemented by the National Cybersecurity Authority (NCA) in 2023, sets a unified regulatory and operational framework for cybersecurity in Saudi Arabia. The strategy, underpinned by the “National Cybersecurity Authority Regulations, 2017” (issued by the Council of Ministers), mandates compliance for all government and critical infrastructure entities, including requirements for risk management, incident reporting, and the adoption of international security standards. The government has allocated significant resources to support these initiatives, strengthening local capabilities and fostering public-private partnerships to enhance national resilience .
Saudi Arabia Cybersecurity and MSSP Market Segmentation
By Type:
The market is segmented into Network Security, Endpoint & IoT Security, Application Security, Cloud Security, Data Security & Privacy, Identity and Access Management, Content Security, and Others. Each segment addresses distinct security challenges, with network and endpoint security leading due to the expanding attack surface from digital transformation and IoT adoption. Cloud security is gaining momentum as organizations migrate workloads to the cloud, while data security and privacy are prioritized amid evolving regulatory requirements .
By End-User:
The end-user segmentation includes Government, Financial Services (BFSI), Healthcare and Life Sciences, Retail, Telecommunications, Energy and Utilities, Manufacturing, Aerospace and Defense, and Others. Government and BFSI sectors account for the largest share, reflecting stringent regulatory requirements and high-value data at risk. Healthcare and life sciences are rapidly growing due to electronic health record adoption and telemedicine expansion. Energy, utilities, and manufacturing are also key segments, driven by the need to protect operational technology and critical infrastructure .
Saudi Arabia Cybersecurity and MSSP Market Competitive Landscape
The Saudi Arabia Cybersecurity and MSSP Market is characterized by a dynamic mix of regional and international players. Leading participants such as STC Solutions (STC Advanced Solutions), Elm Company, Sirar by STC, Cyberani (Aramco subsidiary), IBM Security, Cisco Systems, Fortinet, Check Point Software Technologies, Palo Alto Networks, Trend Micro, Kaspersky, CrowdStrike, Spire Solutions, Help AG (an e& enterprise company), and Securitas Arabia contribute to innovation, geographic expansion, and service delivery in this space .
STC Solutions
2017
Riyadh, Saudi Arabia
Elm Company
1988
Riyadh, Saudi Arabia
Sirar by STC
2021
Riyadh, Saudi Arabia
Cyberani
2022
Dhahran, Saudi Arabia
IBM Security
1911
Armonk, New York, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Market Share in Saudi Arabia Cybersecurity/MSSP Market
Number of Saudi Clients/Contracts
Customer Acquisition Cost
Customer Retention Rate
Average Revenue Per User (ARPU)
Saudi Arabia Cybersecurity and MSSP Market Industry Analysis
Growth Drivers
Increasing Cyber Threats:
The surge in cyber threats is a significant driver for the cybersecurity market in Saudi Arabia. In future, the country reported over 1,200 cyber incidents, a 30% increase from the previous year. This alarming trend has prompted organizations to invest heavily in cybersecurity measures, with spending expected to reach approximately SAR 6 billion (USD 1.6 billion) in future. The growing frequency and sophistication of attacks necessitate robust cybersecurity frameworks to protect sensitive data and infrastructure.
Government Initiatives and Investments:
The Saudi government has prioritized cybersecurity through initiatives like the National Cybersecurity Strategy, which allocates SAR 1.5 billion (USD 400 million) for enhancing national cybersecurity capabilities. This investment aims to bolster the country's defenses against cyber threats and promote a secure digital environment. Additionally, the government's Vision 2030 plan emphasizes digital transformation, further driving demand for cybersecurity solutions across various sectors, including finance, healthcare, and energy.
Digital Transformation Across Industries:
The rapid digital transformation across industries in Saudi Arabia is a key growth driver for the cybersecurity market. By future, it is projected that 80% of businesses will adopt cloud-based solutions, increasing their vulnerability to cyber threats. Consequently, organizations are compelled to invest in advanced cybersecurity measures to safeguard their digital assets. The shift towards e-commerce and online services is also expected to contribute to a projected 25% increase in cybersecurity spending in the next year.
Market Challenges
Shortage of Skilled Cybersecurity Professionals:
The cybersecurity sector in Saudi Arabia faces a critical shortage of skilled professionals, with an estimated gap of 30,000 cybersecurity experts in future. This shortage hampers organizations' ability to implement effective security measures and respond to incidents promptly. The lack of qualified personnel is exacerbated by the rapid evolution of cyber threats, making it challenging for existing staff to keep pace with the necessary skills and knowledge required to combat these threats effectively.
High Costs of Cybersecurity Solutions:
The high costs associated with implementing comprehensive cybersecurity solutions pose a significant challenge for many organizations in Saudi Arabia. In future, the average expenditure on cybersecurity solutions is expected to exceed SAR 1 million (USD 267,000) per organization, which can be prohibitive, especially for small and medium-sized enterprises (SMEs). This financial barrier limits the adoption of essential cybersecurity measures, leaving many organizations vulnerable to cyber threats and attacks.
Saudi Arabia Cybersecurity and MSSP Market Future Outlook
The future of the cybersecurity market in Saudi Arabia appears promising, driven by increasing investments in technology and a heightened focus on security. As organizations continue to embrace digital transformation, the demand for advanced cybersecurity solutions will grow. Additionally, the government's commitment to enhancing national cybersecurity capabilities will foster innovation and collaboration within the industry. In future, the market is expected to witness significant advancements in AI-driven security solutions, further strengthening the defense against evolving cyber threats.
Market Opportunities
Growth in Managed Security Services:
The demand for managed security services is on the rise, with an expected increase of 40% in adoption rates in future. Organizations are increasingly outsourcing their cybersecurity needs to specialized providers, allowing them to focus on core business functions while ensuring robust security measures are in place. This trend presents a lucrative opportunity for MSSPs to expand their service offerings and capture a larger market share.
Expansion of Cloud Security Solutions:
As more businesses migrate to cloud environments, the need for cloud security solutions is set to grow significantly. By future, the cloud security market in Saudi Arabia is projected to reach SAR 2 billion (USD 533 million). This growth presents an opportunity for cybersecurity firms to develop innovative solutions tailored to protect cloud infrastructures, ensuring data integrity and compliance with regulatory standards.
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The Saudi Arabia Cybersecurity and MSSP Market is valued at USD 4.7 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing frequency and sophistication of cyber threats, rapid digital transformation across public and private sectors, and the government's intensified focus on national cybersecurity frameworks. The demand for robust cybersecurity solutions is further fueled by the widespread adoption of cloud services, proliferation of IoT devices, and increased remote work, which collectively raise the risk profile for organizations and necessitate advanced security investments .
Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their roles as economic and technological centers. Riyadh, as the capital, is home to major government bodies and financial institutions requiring advanced cybersecurity. Jeddah and Dammam are significant for their industrial bases and strategic locations, which drive demand for comprehensive cybersecurity solutions to safeguard critical infrastructure and sensitive data .
The National Cybersecurity Strategy, implemented by the National Cybersecurity Authority (NCA) in 2023, sets a unified regulatory and operational framework for cybersecurity in Saudi Arabia. The strategy, underpinned by the “National Cybersecurity Authority Regulations, 2017” (issued by the Council of Ministers), mandates compliance for all government and critical infrastructure entities, including requirements for risk management, incident reporting, and the adoption of international security standards. The government has allocated significant resources to support these initiatives, strengthening local capabilities and fostering public-private partnerships to enhance national resilience .
Saudi Arabia Cybersecurity and MSSP Market Segmentation
By Type:
The market is segmented into Network Security, Endpoint & IoT Security, Application Security, Cloud Security, Data Security & Privacy, Identity and Access Management, Content Security, and Others. Each segment addresses distinct security challenges, with network and endpoint security leading due to the expanding attack surface from digital transformation and IoT adoption. Cloud security is gaining momentum as organizations migrate workloads to the cloud, while data security and privacy are prioritized amid evolving regulatory requirements .
By End-User:
The end-user segmentation includes Government, Financial Services (BFSI), Healthcare and Life Sciences, Retail, Telecommunications, Energy and Utilities, Manufacturing, Aerospace and Defense, and Others. Government and BFSI sectors account for the largest share, reflecting stringent regulatory requirements and high-value data at risk. Healthcare and life sciences are rapidly growing due to electronic health record adoption and telemedicine expansion. Energy, utilities, and manufacturing are also key segments, driven by the need to protect operational technology and critical infrastructure .
Saudi Arabia Cybersecurity and MSSP Market Competitive Landscape
The Saudi Arabia Cybersecurity and MSSP Market is characterized by a dynamic mix of regional and international players. Leading participants such as STC Solutions (STC Advanced Solutions), Elm Company, Sirar by STC, Cyberani (Aramco subsidiary), IBM Security, Cisco Systems, Fortinet, Check Point Software Technologies, Palo Alto Networks, Trend Micro, Kaspersky, CrowdStrike, Spire Solutions, Help AG (an e& enterprise company), and Securitas Arabia contribute to innovation, geographic expansion, and service delivery in this space .
STC Solutions
2017
Riyadh, Saudi Arabia
Elm Company
1988
Riyadh, Saudi Arabia
Sirar by STC
2021
Riyadh, Saudi Arabia
Cyberani
2022
Dhahran, Saudi Arabia
IBM Security
1911
Armonk, New York, USA
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Market Share in Saudi Arabia Cybersecurity/MSSP Market
Number of Saudi Clients/Contracts
Customer Acquisition Cost
Customer Retention Rate
Average Revenue Per User (ARPU)
Saudi Arabia Cybersecurity and MSSP Market Industry Analysis
Growth Drivers
Increasing Cyber Threats:
The surge in cyber threats is a significant driver for the cybersecurity market in Saudi Arabia. In future, the country reported over 1,200 cyber incidents, a 30% increase from the previous year. This alarming trend has prompted organizations to invest heavily in cybersecurity measures, with spending expected to reach approximately SAR 6 billion (USD 1.6 billion) in future. The growing frequency and sophistication of attacks necessitate robust cybersecurity frameworks to protect sensitive data and infrastructure.
Government Initiatives and Investments:
The Saudi government has prioritized cybersecurity through initiatives like the National Cybersecurity Strategy, which allocates SAR 1.5 billion (USD 400 million) for enhancing national cybersecurity capabilities. This investment aims to bolster the country's defenses against cyber threats and promote a secure digital environment. Additionally, the government's Vision 2030 plan emphasizes digital transformation, further driving demand for cybersecurity solutions across various sectors, including finance, healthcare, and energy.
Digital Transformation Across Industries:
The rapid digital transformation across industries in Saudi Arabia is a key growth driver for the cybersecurity market. By future, it is projected that 80% of businesses will adopt cloud-based solutions, increasing their vulnerability to cyber threats. Consequently, organizations are compelled to invest in advanced cybersecurity measures to safeguard their digital assets. The shift towards e-commerce and online services is also expected to contribute to a projected 25% increase in cybersecurity spending in the next year.
Market Challenges
Shortage of Skilled Cybersecurity Professionals:
The cybersecurity sector in Saudi Arabia faces a critical shortage of skilled professionals, with an estimated gap of 30,000 cybersecurity experts in future. This shortage hampers organizations' ability to implement effective security measures and respond to incidents promptly. The lack of qualified personnel is exacerbated by the rapid evolution of cyber threats, making it challenging for existing staff to keep pace with the necessary skills and knowledge required to combat these threats effectively.
High Costs of Cybersecurity Solutions:
The high costs associated with implementing comprehensive cybersecurity solutions pose a significant challenge for many organizations in Saudi Arabia. In future, the average expenditure on cybersecurity solutions is expected to exceed SAR 1 million (USD 267,000) per organization, which can be prohibitive, especially for small and medium-sized enterprises (SMEs). This financial barrier limits the adoption of essential cybersecurity measures, leaving many organizations vulnerable to cyber threats and attacks.
Saudi Arabia Cybersecurity and MSSP Market Future Outlook
The future of the cybersecurity market in Saudi Arabia appears promising, driven by increasing investments in technology and a heightened focus on security. As organizations continue to embrace digital transformation, the demand for advanced cybersecurity solutions will grow. Additionally, the government's commitment to enhancing national cybersecurity capabilities will foster innovation and collaboration within the industry. In future, the market is expected to witness significant advancements in AI-driven security solutions, further strengthening the defense against evolving cyber threats.
Market Opportunities
Growth in Managed Security Services:
The demand for managed security services is on the rise, with an expected increase of 40% in adoption rates in future. Organizations are increasingly outsourcing their cybersecurity needs to specialized providers, allowing them to focus on core business functions while ensuring robust security measures are in place. This trend presents a lucrative opportunity for MSSPs to expand their service offerings and capture a larger market share.
Expansion of Cloud Security Solutions:
As more businesses migrate to cloud environments, the need for cloud security solutions is set to grow significantly. By future, the cloud security market in Saudi Arabia is projected to reach SAR 2 billion (USD 533 million). This growth presents an opportunity for cybersecurity firms to develop innovative solutions tailored to protect cloud infrastructures, ensuring data integrity and compliance with regulatory standards.
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Table of Contents
84 Pages
- 1. Saudi Arabia Cybersecurity and MSSP Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Saudi Arabia Cybersecurity and MSSP Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Saudi Arabia Cybersecurity and MSSP Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing Cyber Threats
- 3.1.2. Government Initiatives and Investments
- 3.1.3. Digital Transformation Across Industries
- 3.1.4. Rising Awareness of Cybersecurity
- 3.2. Restraints
- 3.2.1. Shortage of Skilled Cybersecurity Professionals
- 3.2.2. High Costs of Cybersecurity Solutions
- 3.2.3. Rapidly Evolving Threat Landscape
- 3.2.4. Regulatory Compliance Complexity
- 3.3. Opportunities
- 3.3.1. Growth in Managed Security Services
- 3.3.2. Expansion of Cloud Security Solutions
- 3.3.3. Increased Investment in AI and Automation
- 3.3.4. Collaboration with International Cybersecurity Firms
- 3.4. Trends
- 3.4.1. Adoption of Zero Trust Security Models
- 3.4.2. Integration of AI in Cybersecurity Solutions
- 3.4.3. Focus on Compliance and Data Privacy
- 3.4.4. Growth of Cyber Insurance Market
- 3.5. Government Regulation
- 3.5.1. National Cybersecurity Strategy
- 3.5.2. Data Protection Laws
- 3.5.3. Cybersecurity Frameworks and Standards
- 3.5.4. Compliance Requirements for Critical Infrastructure
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Saudi Arabia Cybersecurity and MSSP Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Network Security
- 4.1.2. Endpoint & IoT Security
- 4.1.3. Application Security
- 4.1.4. Cloud Security
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Government
- 4.2.2. Financial Services (BFSI)
- 4.2.3. Healthcare and Life Sciences
- 4.2.4. Retail
- 4.2.5. Others
- 4.3. By Deployment Model (in Value %)
- 4.3.1. On-Premises
- 4.3.2. Cloud-Based
- 4.3.3. Hybrid
- 4.4. By Service Type (in Value %)
- 4.4.1. Managed Security Services (MSS)
- 4.4.2. Professional Services
- 4.4.3. Consulting Services
- 4.5. By Industry Vertical (in Value %)
- 4.5.1. BFSI
- 4.5.2. Government
- 4.5.3. Healthcare and Life Sciences
- 4.5.4. Manufacturing
- 4.5.5. Others
- 4.6. By Region (in Value %)
- 4.6.1. Central Region
- 4.6.2. Eastern Region
- 4.6.3. Western Region
- 4.6.4. Southern Region
- 4.6.5. Northern Region
- 5. Saudi Arabia Cybersecurity and MSSP Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. STC Solutions (STC Advanced Solutions)
- 5.1.2. Elm Company
- 5.1.3. Sirar by STC
- 5.1.4. Cyberani (Aramco subsidiary)
- 5.1.5. IBM Security
- 5.2. Cross Comparison Parameters
- 5.2.1. Market Share
- 5.2.2. Number of Clients
- 5.2.3. Revenue
- 5.2.4. Service Offerings
- 5.2.5. Customer Retention Rate
- 6. Saudi Arabia Cybersecurity and MSSP Market Regulatory Framework
- 6.1. Compliance Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. Saudi Arabia Cybersecurity and MSSP Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Saudi Arabia Cybersecurity and MSSP Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Deployment Model (in Value %)
- 8.4. By Service Type (in Value %)
- 8.5. By Industry Vertical (in Value %)
- 8.6. By Region (in Value %)
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