Saudi Arabia Cybersecurity Market Analysis By Security Type, Size, Share, Trend, Competition, Future Growth Forecast 2026 | TechSci Research
Saudi Arabia Cybersecurity Market stood at USD3618.90 million in 2020 and is forecast to grow at a CAGR of over 17.98% until 2026 owning to the shift of oil-based economy to digital economy. Moreover, the objectives of Vision 2030 are expected to open many opportunities for the growth of IT sector and consequently the growth of cybersecurity. Expansion of the Digital Economy Growth in the Saudi Arabia Cybersecurity Market is driven by the increasing digital economy. The increasing popularity of 5G technology will create extensive developments on the scale and speed of information technology. The growing adoption of cloud computing services owing to their cost effectiveness, high performance, and accessibility will also enhance the Saudi Arabia Cybersecurity Market. Moreover, supportive government initiatives such as “Make in Saudi Arabia” is anticipated to act as a catalyst in the growth of the Saudi Arabia Cybersecurity Market. All government organizations h...