13.3 billion Riyals, the size of the cyber security market in Saudi Arabia

The size of the Cyber ​​Security Market in Saudi Arabia reached 13.3 Billion Riyals in the year 2023, the private sector acquired the largest percentage of it, as its share reached 69%, according to the report of the national cyber security authority for the year 2024. of the Private Sector in the Cyber ​​Security Market is one of the points of distinction of the saudi market in this field compared to the rest of the countries in which the cuff tends in favor of the government sector, according to Muhammad Al -Khawaja, the founders in the Fikr Fund Ventures, in an interview. Sharq “. He pointed out another point represented in the increase in the participation of women in the sector, which amounts to 32%, while the world rate is no more than 24%. Al -khawaja expected the sector to continue to reach an annual growth ranging between 10% and 15% to 2030. Cyber ​​security, while defending the defense, and defending defense, expand abilities.