KSA Cybersecurity Market Growth, Size, Trends, Demand, Revenue, Share and Future Competition: SPER Market Research

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Published: Dec 2022	Report ID: IACT2240	Pages: 1 - 236	Formats^*:
Category : Information & Communications Technology

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.

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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 Arabia
12.7. 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

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the KSA Cybersecurity Market?

The KSA Cybersecurity Market is projected to reach USD 0.94 billion by 2032, growing at a CAGR of 10.04% during the forecast period.

What is the growth rate of the KSA Cybersecurity Market?

The KSA Cybersecurity Market grew in market size from 2021. The Market is expected to reach USD 0.94 billion by 2032, at a CAGR of 10.04% during the forecast period.

What is the anticipated CAGR of the KSA Cybersecurity Market during the forecast period?

The KSA Cybersecurity Market CAGR of 10.04% during the forecast period.

How can I get the sample report on the KSA Cybersecurity Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of the KSA Cybersecurity Market?

The KSA Cybersecurity Market size is USD 0.94 billion from 2022 to 2032.

Which segment is expected to lead the KSA Cybersecurity Market?

The KSA Cybersecurity Market segment is Covered By Security Type, By Solution Type, By Services, By End User, By Deployment Mode.

Which region is expected to have the highest market share in the KSA Cybersecurity Market?

The Middle East region is anticipated to have the highest market share in the KSA Cybersecurity Market.

Who are the key players in KSA Cybersecurity Market?

The key players in the market include 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.

What is the conclusion of the KSA Cybersecurity Market?

The Kingdom is moving toward a new and improved method of expediting the stages of development linked with digital transformation, highlighting the idea of it and the various characteristics that go along with it. Therefore, it is projected that the Kingdom's growing reliance on the Internet would increase need for cybersecurity across many sectors.