Saudi National Cybersecurity Authority

Saudi cybersecurity market sees 10.8% growth, reaching $3.55bn in 2023

Saudi cybersecurity market sees 10.8% growth, reaching $3.55bn in 2023

  • Government spending on cybersecurity amounted to SR4.1 billion, representing 31% of total expenditure, while the private sector contributed SR9.3 billion, or 69%
  • The sector’s expansion is expected to continue as the Kingdom pursues further investments and innovations
By MANAL AL-BARAKATI ·