Saudi Arabia Network Security Market Size & Outlook

The network security market in Saudi Arabia is expected to reach a projected revenue of US$ 1,215.8 million by 2030. A compound annual growth rate of 13.1% is expected of Saudi Arabia network security market from 2024 to 2030.
Revenue, 2023 (US$M)
$512.7
Forecast, 2030 (US$M)
$1,215.8
CAGR, 2024 - 2030
13.1%
Report Coverage
Saudi Arabia

Saudi Arabia network security market highlights

  • The Saudi Arabia network security market generated a revenue of USD 512.7 million in 2023 and is expected to reach USD 1,215.8 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2023.
  • Solution is the most lucrative component segment registering the fastest growth during the forecast period.


Network security market data book summary

Market revenue in 2023USD 512.7 million
Market revenue in 2030USD 1,215.8 million
Growth rate13.1% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentSolution
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Services
Key market players worldwideFortinet Inc, Cisco Systems Inc, CrowdStrike Holdings Inc Class A, International Business Machines Corp, Trend Micro Inc, Rapid7 Inc, Check Point Software Technologies Ltd, Microsoft Corp, Sophos, Broadcom Inc, VMware, Trellix, Proofpoint, Akamai Technologies Inc


Other key industry trends

  • In terms of revenue, Saudi Arabia accounted for 2.1% of the global network security market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, South Africa network security market is projected to lead the regional market in terms of revenue in 2030.
  • South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,298.8 million by 2030.

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Network Security Market Scope

Network security market segmentation & scope
Solution
Services
Network Access Control
Unified Threat Defense
Data Loss Prevention
IDS/IPS
Firewall
Antivirus
Others
Cloud
On-premise
Small & Medium Enterprises (SMEs)
Large Enterprise
BFSI
IT and Telecommunication
Retail & E-commerce
Healthcare
Education
Manufacturing
Government
Others

Network Security Market Companies

Name Profile # Employees HQ Website

Saudi Arabia network security 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 network security market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 76.36% in 2023. Horizon Databook has segmented the Saudi Arabia network security market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Saudi Arabia network security market databook

  • Our clientele includes a mix of network security market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia network security market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia network security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia network security market size, by component, 2018-2030 (US$M)

Saudi Arabia Network Security Market Outlook Share, 2023 & 2030 (US$M)

Saudi Arabia network security market size, by component, 2018-2030 (US$M)

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