The scale of the cyber safety market exceeds 15 billion riyals .. and 68% of spending for the personal sector

The emblem of the Nationwide Cyber ​​Safety Authority

The scale of the cyber safety market within the Kingdom of Saudi Arabia on the finish of final yr reached 15.2 billion riyals, with a progress price of 14% in comparison with the yr 2023, represented by the overall spending of the authorities working in the private and non-private sectors within the Kingdom on the services and products of cybersecurity.

In line with a report issued by the Nationwide Cyber ​​Safety Authority, the spending of personal sector services on the most important share of the overall spending of 10.3 billion riyals and about 68%, whereas the overall spending of presidency businesses reached 32% of the overall spending of 4.8 billion riyals.

The next desk exhibits the main points of the cyber safety market in Saudi Arabia:

The report indicated that the geographical row continued to deal with the requests of the scholars; It takes 73 % of the areas of Riyadh, Makkah Al -Mukarramah, and the Japanese Area as its head. This displays the financial weight of those areas.

The geographical distribution is in keeping with the facet of the provide with the demand facet, the place there are 98 % of the principle clients of the Cyber ​​safety companies and companies registered with the Nationwide Safety Authority within the Riyadh area, the Makkah Al -Mukarmah area, and the Sharqiya area.

The Riyadh area consists of 77 % of the product and companies suppliers, the Makkah Al -Mukarramah area is 11 %, and the jap area is 10 %, and this distribution corresponds to the areas with the very best financial texture within the Kingdom.

The amount of the contribution of the cyber safety sector to the gross home product 18.5One billion riyals, 49% Of it’s a direct contribution of worth9 Billions of riyals, and 51% of them not directly contributed to 9.5 billion riyals, As the next desk exhibits:

The share of the sector’s contribution to the gross home product 0.40%, Whereas the proportion of the sector’s contribution to the overall non -oil GDP reached 0.71%.

The share of spending on merchandise reached 51% of the overall market dimension of seven.7 billion riyals, whereas the spending price on cybersecurity companies reached 49% of the overall market dimension of seven.5 billion riyals.

Probably the most outstanding merchandise, options and companies of cybersecurity within the Saudi included: community safety, the safety and administration of peripherals, options to cybersecurity, administrative consultations in cybersecurity, information safety.

The next desk exhibits the main points of the distribution of the cyber safety market in Saudi Arabia, in line with services and products:

The overall dimension of the workforce within the cybersecurity sector within the Kingdom throughout the yr 2024 was greater than 21 thousand specialists, at a progress price of 9% in comparison with the yr 2023, and females represent 32% of them, bypassing the worldwide price.