The latest report reveals that the cybersecurity market in Saudi Arabia has reached $3.5 billion (Dh12.8 billion) this year, with the private sector leading the charge, contributing 69% of the total. Government spending accounted for the remaining 31%, highlighting a strong collaboration between the public and private sectors.
Beyond just numbers, the sector is also playing a vital role in the kingdom’s economy, contributing 0.39% to the overall GDP and 0.81% to the non-oil GDP. At current prices, the total contribution of the cybersecurity sector to the GDP stands at $4 billion (Dh14.6 billion). This includes a direct impact of $2.2 billion (Dh8 billion) and an indirect contribution of $1.8 billion (Dh6.6 billion).
The National Cybersecurity Authority also reported a growing ecosystem of 353 registered providers offering various products, solutions, and services. This includes 11 large, 37 medium-sized, 273 small, and 32 micro establishments, reflecting the sector’s expanding reach across the country.
