KSA Cybersecurity Market Introduction and Overview
According to SPER Market Research, the KSA Cybersecurity Market is estimated to reach USD 0.94 billion by 2032 with a CAGR of 10.04%.
The report includes an in-depth analysis of the KSA Cybersecurity Market, including market size and trends, product mix, distribution channels, and supplier analysis.Information technology (IT) security, another name for cybersecurity, aims to protect against cyberattacks on computers, mobile devices, software, and data. Utilizing technology, protocols, and policies to protect sensitive information and crucial systems from cyberattacks. The high-end investments made by both public and private entities in the acquisition of cutting-edge cybersecurity solutions, as well as encouraging policies and initiatives taken by the government to the primary variables influencing the Saudi Arabian cybersecurity market are increased public awareness of cyber dangers.
- July 2022 - Cisco introduced Talos Intel On-Demand, which tailors research to each organization's specific threat landscape, and a secure cloud that uses an open shared signals and events framework for quick data sharing between vendors to simplify the work of security analysts. For the purpose of detecting threats, its Secure Firewall 3100 series adds AI and machine learning to the mix.
- Palo Alto Networks has released Unit 42 Managed Detection and Response (Unit 42 MDR), a brand-new solution that offers continuous 24/7 threat detection, investigation, and response. Due to the use of Cortex XDR, Unit 42 MDR is designed to prioritize alerts and drastically cut down on the number of notifications that clients receive. Customers can now spot more questionable behaviour thanks to this.
Market Opportunities and Challenges
As businesses depend more on information technology and move to the cloud to increase performance and adopt a cloud-first policy for all new projects, the cybersecurity market in Saudi Arabia is expected to grow and change over the coming years.
The affordability, fast performance, and accessibility of cloud computing have contributed to its expanding appeal. Additionally, the Saudi government has anticipated playing a significant role in the expansion of the Saudi Arabia Cybersecurity Market by sponsoring programs like "Make in Saudi Arabia."
The Kingdom of Saudi Arabia (KSA) Cybersecurity Market has numerous significant challenges as it strives to handle the expanding threat landscape and protect its vital infrastructure and digital assets. For starters, the country's increasing digitization, especially the government's ambitious Vision 2030 plan, has increased threats and vulnerabilities. This digital transition has overtaken the development of comprehensive cybersecurity safeguards, leaving a gap that bad actors can exploit.
Market Competitive Landscape
The Saudi Arabia Cybersecurity Market is moderately consolidated, with a few large players such as Palo Alto Networks Private Limited, McAfee Corporation, International Business Machine Corporation (IBM), Cisco Systems, Inc, and NortonLifeLock Inc. These market leaders are concentrating their efforts on growing their consumer base in overseas countries.
Scope of the Report:
Report Metric | Details |
Market size available for years | 2019-2032 |
Base year considered | 2021 |
Forecast period | 2022-2032 |
Segments covered | By Security Type, By Solution Type, By Services, By End User, By Deployment Mode |
Regions covered | Northern, Western, Eastern, Central, Southern |
Companies Covered | Al Moammar Information Systems Co., Broadcom Inc., Check Point Software Technologies Ltd., Cipher, Cisco Systems Inc., Dell Technologies, FireEye Inc., Fortinet Inc., Hewlett Packard Enterprise, IBM Corporation, Kaspersky Lab, Lockheed Martin Corporation, NEC Saudi Arabia Ltd., Norton LifeLock Inc., Palo Alto Networks Inc., SAT Microsystems, Sirar by STC, Tenable Inc., Trellix, Trend Micro Incorporated |
COVID-19 Impact on KSA Cybersecurity Market
COVID-19 has also accelerated the development of cybersecurity in the Kingdom of Saudi Arabia. In terms of consumer and provider behavior, the COVID-19 outbreak had a huge influence on the KSA cybersecurity market. A variety of issues are impeding global firm growth, including data breaches, industrial facility closures, reduced resources, and strained supply chains. Cybersecurity Market solutions have been in high demand in the government, industry, and healthcare sectors due to an increase in cyberattacks during the outbreak. Important market participants are focusing on providing a variety of security solutions to protect industrial operations from significant cyber-attacks.
Key Target Audience:
- Government and Regulatory Bodies
- Enterprises and Businesses
- Critical Infrastructure Operators
- Small and Medium-sized Enterprises
- Cybersecurity Vendors and Service Providers
- Cybersecurity Professionals and Experts
Our in-depth analysis of the KSA Cybersecurity Market includes the following segments:
By Security Type:
|
Application Security
Cloud Security
Content Security
Endpoint Security
Network Security
Others (operational security, e-mail security, etc.)
|
By Solution Type:
|
Antivirus & Antimalware
Data Loss Prevention
Encryption & Decryption
Firewall
Identity & Access Management
Infrastructure Security
Intrusion Detection/Prevention System
Risk & Compliance Management
Unified Threat Management
Others
|
By Services:
|
Consulting, Design and Integration
Risk and Threat Assessment
Managed Security Service
Training and Education
|
By End User:
|
Aerospace, Defense and Intelligence
Banking and Financial Service Institutes
Corporates/Private Organizations
Education Technology
Government and Public Utilities
Healthcare
Manufacturing
Retail
Telecom and IT
Others
|
By Deployment Mode:
|
Cloud
On-premises
|
Key Topics Covered in the Report:
- KSA Cybersecurity Market Size (FY’2022-FY’2032)
- Overview of KSA Cybersecurity Market
- Segmentation of KSA Cybersecurity Market By Security Type (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, Others (operational security, e-mail security, etc.))
- Segmentation of KSA Cybersecurity Market By Solution Type (Antivirus & Antimalware, Data Loss Prevention, Encryption & Decryption, Firewall, Identity & Access Management, Infrastructure Security, Intrusion Detection/Prevention System, Risk & Compliance Management, Unified Threat Management, Others (Denial-of-service attack, malware, man-in-the-middle-attack, drive-by-downloads, etc.))
- Segmentation of KSA Cybersecurity Market By Services (Consulting, Design and Integration, Risk and Threat Assessment, Managed Security Service, Training and Education)
- Segmentation of KSA Cybersecurity Market By End User (Aerospace, Defense and Intelligence, Banking and Financial Service Institutes, Corporates/Private Organizations, Education Technology, Government and Public Utilities, Healthcare, Manufacturing, Retail, Telecom and IT, Others)
- Segmentation of KSA Cybersecurity Market By Deployment Mode (Cloud, On-premises)
- Statistical Snap of KSA Cybersecurity Market
- Expansion Analysis of KSA Cybersecurity Market
- Problems and Obstacles in KSA Cybersecurity Market
- Competitive Landscape in the KSA Cybersecurity Market
- Impact of COVID-19 and Demonetization on KSA Cybersecurity Market
- Details on Current Investment in KSA Cybersecurity Market
- Competitive Analysis of KSA Cybersecurity Market
- Prominent Players in the KSA Cybersecurity Market
- SWOT Analysis of KSA Cybersecurity Market
- KSA Cybersecurity Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the KSA Cybersecurity Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Competitive Landscape
6.1. KSA Cybersecurity Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in KSA Cybersecurity Market
7. KSA Cybersecurity Market, By Security Type, 2019-2032 (USD Million)
7.1. Application Security
7.2. Cloud Security
7.3. Content Security
7.4. Endpoint Security
7.5. Network Security
7.6. Others (operational security, e-mail security, etc.)
8. KSA Cybersecurity Market, By Solution Type, 2019-2032 (USD Million)
8.1. Antivirus & Antimalware
8.2. Data Loss Prevention
8.3. Encryption & Decryption
8.4. Firewall
8.5. Identity & Access Management
8.6. Infrastructure Security
8.7. Intrusion Detection/Prevention System
8.8. Risk & Compliance Management
8.9. Unified Threat Management
8.10. Others (Denial-of-service attack, malware, man-in-the-middle-attack, drive-by-downloads, etc.)
9. KSA Cybersecurity Market, By Services, 2019-2032 (USD Million)
9.1. Consulting, Design and Integration
9.2. Risk and Threat Assessment
9.3. Managed Security Service
9.4. Training and Education
10. KSA Cybersecurity Market, By End User, 2019-2032 (USD Million)
10.1. Aerospace, Defense and Intelligence
10.2. Banking and Financial Service Institutes
10.3. Corporates/Private Organizations
10.4. Education Technology
10.5. Government and Public Utilities
10.6. Healthcare
10.7. Manufacturing
10.8. Retail
10.9. Telecom and IT
10.10. Others
11. KSA Cybersecurity Market, By Deployment Mode, 2019-2032 (USD Million)
11.1. Cloud
11.2. On-premises
12. KSA Cybersecurity Market, By Region, 2019-2032 (USD Million)
12.1. KSA Cybersecurity Size and Market Share by Region (2019-2025)
12.2. KSA Cybersecurity Size and Market Share by Region (2026-2032)
12.3. Northern Saudi Arabia
12.4. Western Saudi Arabia
12.5. Eastern Saudi Arabia
12.6. Central Saudi Arabia12.7. Southern Saudi Arabia
13. Company Profiles
13.1. Al Moammar Information Systems Co.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Broadcom Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Check Point Software Technologies Ltd.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Cipher
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Cisco Systems Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Dell Technologies
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. FireEye Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Fortinet Inc.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Hewlett Packard Enterprise
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. IBM Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Kaspersky Lab
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Lockheed Martin Corporation
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. NEC Saudi Arabia Ltd.
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Norton LifeLock Inc.
13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
13.15. Palo Alto Networks Inc.
13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments
13.16. SAT Microsystems
13.16.1. Company details
13.16.2. Financial outlook
13.16.3. Product summary
13.16.4. Recent developments
13.17. Sirar by STC
13.17.1. Company details
13.17.2. Financial outlook
13.17.3. Product summary
13.17.4. Recent developments
13.18. Tenable Inc.
13.18.1. Company details
13.18.2. Financial outlook
13.18.3. Product summary
13.18.4. Recent developments
13.19. Trellix
13.19.1. Company details
13.19.2. Financial outlook
13.19.3. Product summary
13.19.4. Recent developments
13.20. Trend Micro Incorporated
13.20.1. Company details
13.20.2. Financial outlook
13.20.3. Product summary
13.20.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope