Saudi Arabia Ai Trust, Risk And Security Management Market Size & Outlook
Saudi Arabia ai trust, risk and security management market, 2018-2030 (US$M)
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Saudi Arabia ai trust, risk and security management market highlights
- The Saudi Arabia ai trust, risk and security management market generated a revenue of USD 69.9 million in 2023 and is expected to reach USD 290.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 22.5% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Ai trust, risk and security management market data book summary
| Market revenue in 2023 | USD 69.9 million |
| Market revenue in 2030 | USD 290.1 million |
| Growth rate | 22.5% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | AT&T, International Business Machines Corp, SAP SE, ServiceNow Inc, Hewlett Packard Enterprise Co, LogicManager, Dell Technologies Inc Ordinary Shares - Class C, SAS AB |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 3.6% of the global ai trust, risk and security management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia ai trust, risk and security management market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 261.9 million by 2030.
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AI Trust, Risk And Security Management Market Scope
AI Trust, Risk And Security Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia ai trust, risk and security management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai trust, risk and security management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 66.24% in 2023. Horizon Databook has segmented the Saudi Arabia ai trust, risk and security management market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has been actively advancing its integration of AI technologies as part of the Vision 2030 national development plan. The country has established the specialized "Saudi Authority for Data and Artificial Intelligence," and it’s National Strategy for Data and AI, designed to position Saudi Arabia as a global leader in technology by 2030.
The National Data Management Office (NDMO) plays a crucial role in setting ethical standards for AI use in the public sector. It has introduced National Data Regulations mandating data protection practices for all entities handling personal data. Despite the enactment of the Personal Data Protection Law in 2021, its implementation was pending at the time of this writing.
In alignment with the national ICT Sector Strategy 2023, the Saudi Data and Artificial Intelligence Authority (SDAIA) unveiled a National Strategy for Data and AI in 2021. This strategy aims to attract both foreign and local investments worth USD 20 billion over the next decade and intends to train 20,000 specialists in data and AI.
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Our clientele includes a mix of ai trust, risk and security management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia ai trust, risk and security management market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ai trust, risk and security management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ai trust, risk and security management market size, by component, 2018-2030 (US$M)
Saudi Arabia AI Trust, Risk And Security Management Market Outlook Share, 2023 & 2030 (US$M)
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