| Source: Ken Research
Gurugram, INDIA
Gurugram, India, March 15, 2023 (GLOBE NEWSWIRE) —
Strong Government Push: Strict regulations by the government such as ECC and Cybersecurity Framework by SAMA will also act as a catalyst for the surging growth of the cybersecurity market in Saudi Arabia. Coupled with that, the launch of smart city projects such as NEOM will also provide the much-needed push to the sector.
Technological Advancements in Cybersecurity Services: Advancements in encryption technologies, firewalls, MDR, XDR, EDR, digital forensic investigation, and GRC services among others are expected in the coming years. These advancements will lead to a more secure internet network in the Saudi Arabian cyberspace during the forecast period.
Demand for Big Data and 5G Rollout: The cybersecurity market in Saudi Arabia is estimated to expand at a high CAGR in between 2021 and 2026E attributed to increasing demand for big data, a high surging internet penetration rate and roll out of 5G services across the nation. The more connected the nation will become, the more will be the demand for cybersecurity services among users.
The report titled “KSA Cybersecurity Market Outlook to 2026E- Gauging the opportunities for foreign investment in the cybersecurity market” provides a comprehensive analysis of the potential of the Cybersecurity industry in Kingdom of Saudi Arabia. The report covers various aspects including the current cyber threat scenario and major cyberattacks in the country, revenue generated from cybersecurity, its segmentations viz Component, Deployment Type, Region, End User (Medium and Small Enterprises vs Large Enterprises), by Industry, major trends and developments, issues and challenges, government regulations and product analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
Key Segments Covered in KSA Cybersecurity Market:-
By Component (By Revenue), 2021 and 2026F
By Deployment Type (By Revenue), 2021 and 2026F
By Region (By Revenue), 2021 and 2026F
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By User (By Revenue), 2021 and 2026F
By Industry (By Revenue), 2021 and 2026F
Key Target Audience
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Time Period Captured in the Report:-
Key Companies Covered:-
Key Topics Covered in the Report:-
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KSA Cybersecurity Market
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