Saudi Arabia’s Cybersecurity Market Reaches $4.05 Billion in 2024, Driven by Public & Private Sector Demand

Saudi Arabia’s cybersecurity market reached SAR 15.2 billion (about USD 4.05 billion) in 2024, recording a 14 percent year-on-year growth, according to the National Cybersecurity Authority’s latest “Key Economic Indicators in the Cybersecurity Sector 2025” report. The figures highlight the growing strategic importance of cybersecurity as the Kingdom accelerates its digital transformation and strengthens defenses against rising cyber threats.

The report shows that the private sector accounted for the bulk of demand, representing around 68 percent of the market, while government and public institutions contributed the remaining 32 percent. Spending was almost evenly split between products and services, with network and endpoint security, operations, consulting, and data protection identified as the most sought-after solutions.

Cybersecurity’s economic footprint expanded as well, contributing SAR 18.5 billion to Saudi Arabia’s GDP in 2024, a 19 percent rise compared to the previous year. This represents 0.40 percent of total GDP and 0.71 percent of non-oil activity, underlining the sector’s role in supporting the Kingdom’s efforts to diversify its economy. Both direct revenues from providers and indirect contributions through supporting industries and innovation added to this momentum.

The workforce also saw robust growth, surpassing 21,000 professionals with a nine percent annual increase. Notably, women now represent 32 percent of the cybersecurity talent pool, compared to the global average of 24 percent, reflecting the success of national initiatives aimed at building skills and fostering inclusion. The findings point to continued strong demand across public and private sectors, positioning cybersecurity as both a shield against digital risks and a driver of Saudi Arabia’s broader socio-economic development.