Saudi Arabia Cybersecurity Market Share

Market Share of Saudi Arabia Cybersecurity Industry

The Saudi Arabian cybersecurity market is semi-consolidated and dominated by a few major players like Palo Alto Networks Private Limited, McAfee Corporation, International Business Machine Corporation (IBM), Cisco Systems, Inc., and NortonLifeLock Inc. These major players, with a prominent share of the market, are focusing on expanding their customer base across foreign countries.

• May 2024: Group-IB, a prominent cybersecurity technology developer focused on investigating and combating digital crime, signed a memorandum of understanding (MoU) with the University of Prince Mugrin. The collaboration aims to bolster the cybersecurity landscape in Saudi Arabia and empower UPM's students with essential skills for success in the information and communications technology sector.
• November 2023: Palo Alto Networks Inc. announced Strata Cloud Manager, the industry's first AI-powered Zero Trust management and operations solution. With over 4,400 machine learning models, Strata Cloud Manager will simplify management and operations across the entire network security estate of customers.
• October 2023: Fortinet announced the expansion of its SASE Points-of-Presence (POPs) to new locations through a partnership with Google Cloud. The partnership allows Fortinet to leverage Google Cloud’s global network edge locations closest to their regions of presence, which deliver dedicated interconnect and 99.99% service availability, to accelerate the expansion of Fortinet’s Universal SASE solution.

Saudi Arabia Cyber Security Market Leaders

1. International Business Machine Corporation (IBM)

2. McAfee Corporation.

3. Cisco Systems, Inc

4. Palo Alto Networks Inc.

5. NortonLifeLock Inc.

*Disclaimer: Major Players sorted in no particular order