Key Economic Indicators in The Saudi Cybersecurity Sector 2024

The National Cybersecurity Authority partnered with the Boston Consulting Group (BCG) and the International Data Corporation (IDC) to develop a comprehensive analysis of Saudi Arabia's cybersecurity market. Key findings from the report highlight that the cybersecurity market in Saudi Arabia is valued at 13.3 billion Saudi Riyals, with government entities contributing 31% (4.1 billion Saudi Riyals) and the private sector contributing 69% (9.2 billion Saudi Riyals). The cybersecurity sector contributes 0.39% to the Kingdom's overall GDP and 0.81% to the non-oil GDP, with a total economic impact of 15.6 billion Saudi Riyals.

The analysis has been structured into two primary sections. The first section details the methodology, where the market is segmented into products, solutions, and services. This segmentation allows for precise data collection and analysis, ensuring a high level of accuracy and statistical confidence in the report's findings. The second section presents key economic indicators, including market size, expenditure by entity size, geographic distribution of supply and demand, and the sector's contribution to Saudi Arabia's GDP.