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Cybersecurity Sector to Add 20B Riyals to GDP by 2025
A report from the National Cybersecurity Authority confirms that the cybersecurity sector's contribution to the Kingdom's gross domestic product is projected to reach approximately 20 billion riyals by 2025, with an annual compound growth rate of 13.2%. The cybersecurity market size has amounted to 16.3 billion riyals, growing at a rate of 10.7% over the past three years, with government spending totaling 5.1 billion riyals (31% of the market) and private sector spending reaching 11.2 billion riyals (69%). The number of professionals in the field exceeds 22,000, with a relatively high representation of women at 33% of the workforce—above the global average of 22%. The market includes products and services such as device security, network security, data protection, and cybersecurity operations solutions. These ongoing initiatives reflect an effort to enhance competitiveness and attract investments in the sector.
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