Cybersecurity market size tops SAR 15B; private sector contributes 68% of total spending: NCA

In a recent report, the Saudi National Cybersecurity Authority (NCA) said private sector spending reached SAR 10.3 billion, representing 68% of the total, while the public sector spending amounted to SAR 4.8 billion, accounting for 32%.

The report noted that demand remains geographically concentrated, with 73% of entities based in Riyadh, Makkah, and the Eastern Province, reflecting the economic weight of these regions.

Supply is similarly clustered, as 98% of registered cybersecurity product and service providers with the National Cybersecurity Authority are headquartered in the same three regions. Riyadh alone accounts for 77% of providers, followed by Makkah with 11% and the Eastern Province with 10% — broadly in line with the kingdom’s main economic hubs.

The cybersecurity sector contributed SAR 18.5 billion ($4.9 billion) to Saudi Arabia’s GDP, split between SAR 9 billion in direct contribution (49%) and SAR 9.5 billion in indirect contribution (51%).

The sector accounted for 0.40% of the Kingdom’s GDP and 0.71% of non-oil GDP, according to the report.

Spending on cybersecurity products represented 51% of the total market, or SAR 7.7 billion, while services made up the remaining 49%, or SAR 7.5 billion.

Key cybersecurity products and solutions in the kingdom include network security, endpoint protection and management, security operations solutions, cybersecurity management consulting, and data security.