Saudi Arabia’s Cybersecurity Market to Reach $7.81 Billion by 2031, Says MarketsandMarkets
Rapid digital transformation, expanding cloud adoption and rising pressure to protect critical infrastructure are set to push Saudi Arabia’s cybersecurity market from $4.98 billion in 2026 to $7.81 billion by 2031
Saudi Arabia’s cybersecurity market is on track for strong growth over the next five years, with MarketsandMarkets projecting it will rise from $4.98 billion in 2026 to $7.81 billion by 2031 at a compound annual growth rate of 9.4%. The figures, reported by Security World Market Middle East, reflect the Kingdom’s accelerating investment in digital resilience as cyber risk becomes a strategic national concern.
The outlook is closely tied to Saudi Arabia’s wider digital transformation agenda, where cloud migration, smart infrastructure, e-government services and industrial digitalization are all increasing the attack surface for public and private organizations. MarketsandMarkets said the accelerated digitalization of critical infrastructure is a major driver of growth, pushing cybersecurity higher on the list of boardroom and government priorities.
The market’s expansion also points to growing demand across a broad range of solutions and services, including cloud security, identity security, governance, risk and compliance, network protection, endpoint security, application security and managed services. This suggests Saudi buyers are no longer focused only on perimeter defence, but increasingly on more integrated and operationally mature cybersecurity architectures.
MarketsandMarkets also links the market momentum to stronger private-sector investment and the continued establishment of local operations by global vendors. That trend is helping deepen the Kingdom’s cybersecurity ecosystem while aligning with Vision 2030 goals around localization, capability development and digital trust.
Official Saudi data underlines the same direction of travel. The National Cybersecurity Authority said the Kingdom’s cybersecurity market reached SAR 15.2 billion in 2024, up 14% year on year, with private-sector spending accounting for the larger share. This indicates that cybersecurity in Saudi Arabia is becoming both a public-sector priority and a mainstream business investment area.
For the regional security industry, the Saudi figures reinforce the Kingdom’s position as one of the most important growth markets for cyber solutions in the Middle East. As organizations modernize infrastructure and adopt more cloud-led environments, demand is likely to keep shifting toward scalable, service-based and intelligence-driven cybersecurity models.
Source: MarketsandMarkets.
