Kingdom of Saudi Arabia (KSA) Cybersecurity Market worth $7.81 billion by 2031
The report "Kingdom of Saudi Arabia (KSA) Cybersecurity Market by Solution (Cloud, Identity Security, GRC, Network, Endpoint, Application, Operations), Service (Professional, Technical Implementation, Managed Security, Training and Capability) - Forecast to 2031", is projected to grow from USD 4.98 billion in 2026 to USD 7.81 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. The growth of cybersecurity in the region is fueled by increased private sector investment and the establishment of local operations by global vendors. Companies like StarLink, Darktrace, and Odyssey Cybersecurity are enhancing local services, while Kaspersky and Kalaam Telecom are expanding their presence in Riyadh with new data centers and security operations. Investment in industrial cybersecurity is also on the rise, illustrated by Honeywell’s New Jubail center focused on critical infrastructure protection. Recent announcements at Black Hat Middle East and Africa 2025 regarding a new headquarters and partnerships further underscore the strong demand for advanced cybersecurity solutions in the Kingdom.
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Based on service, the managed services segment accounts for the largest market share.
Managed services are projected to account for the largest market share in the KSA cybersecurity market, as organizations increasingly outsource security operations to address evolving threats and workforce shortages. Government agencies, financial institutions, energy firms, telecom operators, and critical infrastructure providers are adopting managed SOC, MDR, cloud security, and continuous monitoring services to strengthen protection across IT and OT environments. Regulatory requirements from the NCA and sector regulators are further accelerating demand for 24/7 monitoring, incident response, and compliance support. As digital transformation expands, managed services are becoming the preferred approach for scalable and cost-efficient cybersecurity.
By deployment mode, the cloud segment will grow at the highest CAGR during the forecast period.
Cloud deployment is rapidly increasing in the KSA cybersecurity market due to national digital initiatives and a shift towards services like SaaS and IaaS. This growth is driven by the preference for cloud-delivered cybersecurity, which provides scalability, quick deployment, and flexible protection for remote operations. As critical applications move to the cloud, tools like cloud access security brokers (CASB) and cloud workload protection platforms (CWPP) are becoming essential for visibility and security in multi-cloud environments. Furthermore, identity-based access controls such as IAM and MFA are being integrated to enhance user security in cloud applications, enabling organizations to manage evolving threats effectively.
By organization size, the SMEs segment is set to grow at the highest CAGR during the forecast period.
Small and medium enterprises (SMEs) are expected to grow at the highest rate as digitalization extends beyond large corporations. More SMEs are adopting online services, digital payment platforms, and cloud applications to improve operational efficiency and expand their businesses. According to Monsha’at, Saudi Arabia had 1.6 million registered small and medium enterprises by the fourth quarter of 2024, reflecting rapid growth in the segment. This shift increases exposure to cyber threats such as phishing, ransomware, and data breaches, while also introducing new compliance requirements. To manage these risks, SMEs are increasingly using managed detection and response services, endpoint protection, and cloud security tools. Additionally, limited internal cybersecurity expertise and budget constraints are also accelerating the adoption of outsourced and subscription-based security solutions, supporting rapid growth in the SME segment.
Key Players
IBM (US), sirar by stc (KSA), Palo Alto Networks (US), Fortinet (US), Cisco (US), Help AG (UAE), Check Point (Israel), Broadcom (US), CrowdStrike (Israel), SAMI-AEC (KSA), Infratech (KSA), Security Matterz (KSA), Trend Micro (Japan), SBM (KSA), SITE (KSA), Cyberstone (KSA), SAT Microsystems (KSA), Safe Decision Co (KSA), Adalites (KSA), Cyberum (KSA), Tamkeen Security (KSA), Sada Thalate Gulf (KSA), and IGRC Square (KSA) are the key players in the cybersecurity market in KSA.
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