Rate of cyberattacks and data breaches risks have increased, with the acceleration of digital transformation, in turn making the Kingdom more active to provide a secure environment for data, digital operations via robust security system. Considering this, National Cybersecurity Authority role has been made very strategic to develop, implement and supervise security systems on a national level.
Kingdom’s ICT Sector has been characterized by rapid developments in the methods and complexity of attacks, in turn requiring the kingdom to be in a constant state of readiness and flexibility to neutralize cyber risks coming their way. According to TechSci research, Saudi Arabia Cybersecurity market stood at USD3749.40 million in 2021 and is forecast to grow at a CAGR of 18.73% by 2027. Hence, Saudi Arabia has been increasingly investing in network security tools, private cloud, and IT infrastructure. Which is likely to boost the Saudi Arabia Cybersecurity Market.
Cyber Next Summit & Awards, KSA Edition, 16th & 17th May 2023, Live in Person, Riyadh, Saudi Arabia. Join us to witness, learn and debate latest trends, best practices, and emerging technologies from the role of Generative AI, Threat Actors, IT Asset Management, Cloud Migration Strategy & Security and more from Leaders in IT, OT, ICS & IOT .