REPORT ATTRIBUTE |
DETAILS |
Historical Period |
2020-2023 |
Base Year |
2024 |
Forecast Period |
2025-2032 |
Saudi Arabia Managed Security Services Market Size 2024 |
USD 57,529.13 Million |
Saudi Arabia Managed Security Services Market, CAGR |
3.8% |
Saudi Arabia Managed Security Services Market Size 2032 |
USD 69,193.45 Million |
Market Overview
The Saudi Arabia Managed Security Services Market is projected to grow from USD 57,529.13 million in 2024 to an estimated USD 69,193.45 million by 2032, with a compound annual growth rate (CAGR) of 3.8% from 2025 to 2032. This growth is driven by the increasing adoption of cybersecurity solutions, evolving digital transformation, and the rising need for businesses to mitigate cyber threats in the region.
Key drivers of the market include the rapid growth in cyberattacks, increasing sophistication of threats, and rising awareness about data protection. The growing dependence on cloud computing and digital infrastructures also fuels demand for robust security services. Additionally, the increasing adoption of Internet of Things (IoT) devices and the growing volume of data generated by enterprises are driving the need for comprehensive security solutions to safeguard against breaches.
Geographically, Saudi Arabia stands as a leading market in the Middle East for managed security services, owing to its robust IT infrastructure and a strong focus on digital transformation. Key players in the market include international and regional companies such as IBM, Cisco, and STC Solutions, offering a wide range of managed security services to address the growing cybersecurity challenges in the country. These players are focused on enhancing service portfolios and expanding their market presence to capitalize on the growing demand.
Access crucial information at unmatched prices!
Request your sample report today & start making informed decisions powered by Credence Research!
Download Sample
Market Insights
- The Saudi Arabia Managed Security Services (MSS) Market is projected to grow from USD 57,529.13 million in 2024 to USD 69,193.45 million by 2032, with a CAGR of 3.8% from 2025 to 2032.
- Increasing cybersecurity threats, evolving digital transformation, and growing adoption of cloud computing are driving the demand for MSS solutions.
- Rising awareness around data protection and regulatory compliance is further pushing organizations to invest in managed security services.
- Complex and sophisticated cyber threats, as well as the shortage of skilled cybersecurity professionals, present key challenges for the market.
- Riyadh and Jeddah lead the market, with major demand coming from government, BFSI, and healthcare sectors in these regions.
- The demand for cloud security services and advanced threat detection solutions is increasing, especially with the rise of IoT devices and digital infrastructures.
- Key market players, including IBM, Cisco, and STC Solutions, are expanding their portfolios to meet the growing demand for comprehensive cybersecurity solutions.
Market Drivers
Rising Cybersecurity Threats and Attacks
One of the primary drivers behind the growth of the Saudi Arabia Managed Security Services (MSS) Market is the escalating threat of cyberattacks and data breaches. Saudi Arabia, like many other countries, has witnessed an increase in sophisticated cyber threats, including ransomware, phishing attacks, and advanced persistent threats (APTs). These threats target both private and public sector organizations, leading to significant financial losses and reputation damage. With a growing number of businesses adopting digital technologies, the attack surface for potential cybercriminals continues to expand. As a result, businesses are increasingly seeking managed security services to protect their sensitive data, ensure operational continuity, and mitigate the risks associated with these evolving threats. The government’s initiatives, including Vision 2030, further emphasize the need for robust cybersecurity frameworks, fostering a more secure environment and boosting demand for MSS solutions across industries in Saudi Arabia.For instance, the DragonForce ransomware group has recently targeted organizations in Saudi Arabia, including a significant data leak from a prominent real estate and construction company, highlighting the growing threat of sophisticated cyberattacks in the region. This underscores the importance of proactive cybersecurity measures that managed security services can provide.
Digital Transformation and Increased Cloud Adoption
Saudi Arabia’s ongoing digital transformation initiatives, driven by its Vision 2030 plan, have significantly increased the adoption of cloud-based services and digital infrastructures. Organizations are migrating critical applications and data to the cloud to improve scalability, flexibility, and cost-effectiveness. However, this shift introduces new cybersecurity challenges, as the cloud environment is prone to unique risks such as data breaches, insecure APIs, and misconfigured settings. This has led to an increased demand for managed security services that can provide continuous monitoring, threat detection, and real-time incident response in cloud environments. MSS providers offer the expertise and tools required to secure cloud platforms, ensuring businesses can confidently embrace cloud adoption without compromising their cybersecurity posture. The rising adoption of Internet of Things (IoT) devices across various sectors also increases the need for managed security solutions to safeguard the network perimeter and connected devices.For instance, Huawei Cloud and Zain KSA have partnered to accelerate cloud adoption across industries in Saudi Arabia, aligning with the country’s Cloud-First policy and Vision 2030, which emphasizes the need for robust digital infrastructure. This partnership highlights the growing reliance on cloud services and the corresponding need for secure managed security solutions.
Regulatory Compliance and Data Privacy Requirements
Stringent data privacy regulations and industry standards are another key factor propelling the growth of the Saudi Arabia MSS market. As data privacy concerns grow globally, organizations in Saudi Arabia are facing increased pressure to comply with both local and international data protection regulations. The Saudi government, through the Saudi Arabian Monetary Authority (SAMA) and the National Cybersecurity Authority (NCA), has introduced various frameworks and standards aimed at enhancing the cybersecurity landscape within the country. Compliance with these regulations often requires specialized knowledge and sophisticated tools that many organizations may not have in-house. Managed security service providers offer a comprehensive suite of services designed to help organizations meet these regulatory requirements, including data encryption, vulnerability assessments, and threat intelligence services. These services ensure that businesses maintain compliance with the latest cybersecurity laws, while avoiding potential fines or penalties resulting from non-compliance.For instance, the Saudi Personal Data Protection Law (PDPL) became enforceable in September 2024, requiring organizations to implement strict data protection measures and comply with regulations that apply to both local and international entities processing personal data of Saudi residents. This law underscores the critical role of managed security services in ensuring regulatory compliance.
Shortage of Skilled Cybersecurity Professionals
The global shortage of skilled cybersecurity professionals is another significant factor driving the demand for managed security services in Saudi Arabia. With the increasing frequency and complexity of cyber threats, there is a growing need for experienced cybersecurity experts to design, implement, and manage security systems. However, the demand for such talent far exceeds the supply, leading to a talent gap in the cybersecurity field. In Saudi Arabia, this shortage is particularly notable as the country continues its digital transformation efforts across sectors. To mitigate this challenge, many businesses are turning to managed security service providers who can deliver the expertise and support needed to safeguard their operations. MSS providers offer round-the-clock monitoring, advanced threat detection, and incident response capabilities, thus enabling organizations to access world-class security expertise without the need to build and maintain an in-house security team. By outsourcing security functions to MSS providers, organizations can ensure that their networks are constantly monitored and defended against potential threats, without having to worry about the complexities of recruiting and retaining skilled professionals.For instance, the demand for skilled cybersecurity professionals is rising as Saudi Arabia advances in creating a secure digital environment, with a focus on enhancing digital infrastructure and protecting vital sectors like finance and healthcare, underscoring the need for managed security services to fill the talent gap. This highlights the role of MSS providers in bridging the cybersecurity skills gap.
Market Trends
Integration of Artificial Intelligence (AI) and Machine Learning (ML) in Security Services
One of the most prominent trends in the Saudi Arabia Managed Security Services (MSS) market is the growing integration of artificial intelligence (AI) and machine learning (ML) technologies into cybersecurity solutions. As cyber threats become increasingly sophisticated and hard to detect, AI and ML are being leveraged to enhance threat detection, response, and prediction capabilities. MSS providers are utilizing AI and ML to automate the analysis of large volumes of security data, identify patterns and anomalies, and detect potential vulnerabilities or attacks in real time. AI-powered security solutions can analyze data from diverse sources, including network traffic, user behavior, and external threat intelligence feeds, allowing for faster identification of emerging threats. Moreover, machine learning algorithms continually improve based on new data, enabling these systems to adapt and stay ahead of evolving cyber threats. The increased adoption of AI and ML is helping organizations in Saudi Arabia improve their security posture, reduce human error, and accelerate incident response, making it one of the key trends shaping the MSS market in the region.
Rise in Demand for Cloud Security Services
With the rapid migration of businesses to cloud-based infrastructures, there has been a significant rise in demand for cloud security services in Saudi Arabia. As part of the national Vision 2030 initiative, Saudi organizations are increasingly adopting cloud computing to drive innovation, reduce costs, and enhance operational agility. However, this transition to the cloud introduces new security challenges, as businesses face risks related to data breaches, misconfigured cloud settings, and inadequate access controls. To address these concerns, managed security service providers are offering specialized cloud security solutions to protect sensitive data, applications, and workloads hosted on public, private, or hybrid cloud platforms. These solutions include cloud firewall management, cloud intrusion detection, identity and access management (IAM), and data encryption services. Cloud security services are becoming an essential part of the MSS offering, as organizations in Saudi Arabia seek to ensure that their cloud environments are protected from evolving cyber threats while also meeting compliance and regulatory requirements. The rise in cloud adoption and the need to secure cloud-based assets are contributing to the rapid growth of managed security services in the country.
Focus on Advanced Threat Intelligence and Real-time Monitoring
Another significant trend in the Saudi Arabia MSS market is the growing focus on advanced threat intelligence and real-time monitoring. As cyber threats become more advanced and persistent, businesses are seeking proactive solutions that can help them identify and respond to attacks before they cause damage. Managed security service providers are increasingly integrating threat intelligence into their offerings, allowing businesses to gain insights into emerging threats, attack vectors, and tactics used by cybercriminals. This intelligence is derived from global threat feeds, vulnerability databases, and collaboration with industry-specific security networks. By integrating threat intelligence into their monitoring tools, MSS providers can offer real-time alerts, enabling businesses to respond quickly to potential threats and prevent attacks from escalating. Real-time monitoring of networks, endpoints, and cloud environments is essential in this regard, as it allows MSS providers to detect anomalous activities, such as unauthorized access or data exfiltration, and take immediate action to mitigate the risks. As cyberattacks become increasingly complex, the demand for advanced threat intelligence and continuous monitoring is growing, driving the evolution of the MSS market in Saudi Arabia.
Increased Adoption of Compliance-driven Security Solutions
In line with the tightening of cybersecurity regulations and data protection laws, Saudi Arabian businesses are increasingly adopting compliance-driven managed security solutions. Regulatory requirements such as those set by the Saudi Arabian Monetary Authority (SAMA), the National Cybersecurity Authority (NCA), and international frameworks like the General Data Protection Regulation (GDPR) are pushing organizations to prioritize cybersecurity and data privacy. Compliance with these regulations often requires businesses to implement specific security measures, such as regular vulnerability assessments, encryption, and secure data storage. Managed security service providers are stepping in to offer tailored solutions that help businesses adhere to these requirements while ensuring the security of their digital assets. These services often include compliance audits, risk assessments, and the implementation of security measures designed to meet industry-specific regulations. As the regulatory landscape continues to evolve, Saudi Arabian organizations are increasingly relying on MSS providers to ensure they remain compliant with both local and global cybersecurity laws. The growing emphasis on compliance-driven security is one of the key trends influencing the MSS market in the country, particularly among businesses in highly regulated sectors such as finance, healthcare, and energy.
Market Challenges
Complexity of Cybersecurity Threat Landscape
One of the key challenges facing the Saudi Arabia Managed Security Services (MSS) market is the increasing complexity and sophistication of cyber threats. As cybercriminals evolve their tactics, attacks such as ransomware, phishing, and advanced persistent threats (APTs) have become more difficult to detect and mitigate. Traditional security measures are often insufficient to address these advanced threats, requiring MSS providers to continually update their security solutions to stay ahead of new vulnerabilities and attack techniques. This complexity poses a significant challenge for businesses in Saudi Arabia, as they struggle to keep up with the rapidly changing threat landscape. Furthermore, the diversity of attack vectors—ranging from cloud environments to IoT devices—demands comprehensive and integrated security solutions. MSS providers must have the expertise and resources to offer multi-layered security strategies that can protect against both known and emerging threats. As businesses in Saudi Arabia increasingly adopt digital platforms, the need for agile, responsive security solutions becomes even more critical, challenging MSS providers to deliver effective protection while navigating an ever-evolving cyber environment.
Shortage of Skilled Cybersecurity Professionals
The shortage of skilled cybersecurity professionals is another major challenge impacting the Saudi Arabia MSS market. As the demand for managed security services grows, the need for qualified personnel capable of handling complex cybersecurity issues is becoming more pronounced. In Saudi Arabia, this talent gap is especially noticeable due to the rapid digital transformation and the growing number of cybersecurity incidents across sectors. Many organizations are struggling to build and retain in-house cybersecurity teams that can adequately address the increasing volume and sophistication of cyber threats. This shortage has led to a reliance on MSS providers to fill the gap, placing additional pressure on these service providers to recruit and retain skilled professionals. The high demand for cybersecurity talent also drives up costs, making it more challenging for both MSS providers and businesses to maintain a cost-effective yet robust security posture. Consequently, addressing the talent shortage while maintaining service quality and affordability remains a key challenge for the MSS market in Saudi Arabia.
Market Opportunities
Growing Demand for Cloud and Digital Transformation Security
The increasing adoption of cloud computing and digital transformation initiatives in Saudi Arabia presents a significant market opportunity for managed security services. As organizations across various sectors migrate their operations to the cloud and adopt more digital technologies to enhance efficiency, the need for comprehensive security solutions to protect these environments becomes critical. Managed security service providers have the opportunity to offer specialized services such as cloud security, data encryption, identity and access management (IAM), and vulnerability assessments. These services can ensure that businesses effectively manage and secure their cloud infrastructures while maintaining compliance with both local and international regulations. With the government’s Vision 2030 further driving digital innovation, this trend presents substantial growth prospects for MSS providers who can meet the demand for advanced, cloud-focused cybersecurity solutions.
Regulatory and Compliance-driven Security Services
As cybersecurity regulations and data protection laws continue to tighten, organizations in Saudi Arabia are under increasing pressure to comply with both local and global standards. This creates a key market opportunity for MSS providers to offer compliance-driven security solutions. Many businesses, especially in highly regulated industries such as finance, healthcare, and energy, require expertise in adhering to the specific security requirements set forth by authorities like the Saudi Arabian Monetary Authority (SAMA) and the National Cybersecurity Authority (NCA). Managed security services that help businesses achieve regulatory compliance, perform regular audits, and implement the necessary security measures provide a significant value proposition. As regulatory frameworks evolve, MSS providers have a clear opportunity to position themselves as essential partners in helping organizations navigate these complex requirements.
Market Segmentation Analysis
By Service Type:
The MSS market in Saudi Arabia is segmented by service type, with key offerings including Managed Identity and Access Management (IAM), Managed Vulnerability Management, Managed Risk and Compliance, Managed Detection and Response (MDR), and others. Managed IAM services hold a significant share, providing businesses with solutions to manage and secure user identities, access control, and authentication across digital platforms. Managed Vulnerability Management services address the growing concern of security gaps in systems, helping businesses identify and fix vulnerabilities proactively. Managed Risk and Compliance services are essential for organizations seeking to comply with local and international regulations, such as those mandated by the Saudi Arabian Monetary Authority (SAMA) and the National Cybersecurity Authority (NCA). The Managed Detection and Response segment focuses on monitoring and responding to security threats in real-time, offering advanced threat intelligence and quick incident response. Other services, such as managed firewall and intrusion prevention, complement these core offerings.
By Type:
The market is divided into Fully Managed and Co-Managed services. Fully Managed services dominate the market, as many organizations prefer outsourcing all their security management functions to MSS providers, allowing them to focus on core business activities. Co-Managed services, however, are gaining traction, as some businesses seek to retain control over certain security aspects while leveraging MSS providers for specialized functions such as threat monitoring and incident response.
Segments
Based on Service Type
- Managed IAM
- Managed vulnerability management
- Managed Risk and Compliance
- Managed Detection and Response
- Others
Based on Type
Based on Organisation Size
Based on Security Type
- Network Security
- Cloud Security
- Endpoint Security
- Others
Based on Vertical
- BFSI
- Goverment
- Healthcare and Life Sciences
- IT & ITES
- Others
Based on Region
- Riyadh
- Jeddah
- Eastern Province
Regional Analysis
Riyadh (45%)
Riyadh, the capital and largest city in Saudi Arabia, holds the largest market share for Managed Security Services in the country, accounting for approximately 45% of the total MSS market. As the political, economic, and technological hub of the nation, Riyadh is home to a significant number of government agencies, financial institutions, and large enterprises. These organizations are increasingly relying on MSS to protect critical infrastructure, comply with regulatory requirements, and safeguard sensitive data from cyber threats. Additionally, Riyadh’s prominent role in the government’s Vision 2030 initiative, which emphasizes digital transformation and technological advancement, further accelerates the adoption of MSS solutions in this region.
Jeddah (30%)
Jeddah, located on the Red Sea coast, is another key market for MSS in Saudi Arabia, contributing around 30% to the total market share. Known as a commercial and trade hub, Jeddah hosts many large companies, including those in the healthcare, retail, and logistics sectors. These industries, which handle vast amounts of data and critical systems, are increasingly prioritizing cybersecurity solutions to mitigate the growing risk of cyberattacks. The government’s push for enhanced security measures in the region, alongside the city’s significant involvement in international trade, drives the need for robust managed security services.
Key players
- IT Security Training & Solutions (I(TS)2)
- Saudi Information Technology Company (SITE)
- Innovative Solutions Co.
- Kaspersky Lab
- International Business Machines Corporation (IBM)
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- Security Matterz Ltd.
- Atos SE
- DXC Technology
- Hewlett-Packard Enterprise (HPE)
Competitive Analysis
The Saudi Arabia Managed Security Services (MSS) market is highly competitive, with a mix of local and global players offering a wide range of cybersecurity solutions. Key global players like IBM, Fortinet, and Palo Alto Networks dominate the market with advanced security technologies and extensive service portfolios. These companies leverage their global presence, strong financial resources, and research capabilities to provide comprehensive security solutions. On the other hand, local players such as SITE and IT Security Training & Solutions (I(TS)2) focus on region-specific needs and offer tailored security services that cater to the local regulatory environment. The competition in the market is further intensified by companies like Kaspersky and HPE, which combine industry-leading technologies with a deep understanding of regional cybersecurity requirements. This diverse competitive landscape drives innovation and ensures a dynamic MSS market in Saudi Arabia.
Recent Developments
In September 2024, Kaspersky Lab launched the Industrial Control Systems (ICS) Security Assessment service.
Market Concentration and Characteristics
The Saudi Arabia Managed Security Services (MSS) market exhibits moderate concentration, with a mix of global players and local providers competing for market share. Large international firms such as IBM, Fortinet, and Palo Alto Networks dominate the market, offering comprehensive and advanced security solutions backed by significant financial resources and global expertise. However, local companies like Saudi Information Technology Company (SITE) and IT Security Training & Solutions (I(TS)2) also play a crucial role by offering tailored services that address region-specific cybersecurity needs and compliance requirements. The market is characterized by a high level of competition, continuous innovation in security technologies, and increasing demand driven by the country’s rapid digital transformation, regulatory changes, and the rising threat of cyberattacks. As businesses and government entities in Saudi Arabia prioritize cybersecurity, the market remains dynamic and fragmented, with both local and international providers expanding their service offerings to meet evolving customer needs.
Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!
Report Coverage
The research report offers an in-depth analysis based on Service Type, Type, Organisation Size, Security Type, Vertical and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
- With increasing cloud adoption, demand for cloud security services is expected to grow rapidly. Organizations will seek managed services to protect their cloud-based infrastructures from evolving threats.
- As cyber threats become more sophisticated, the need for advanced threat detection and response services will intensify. MSS providers will continue to enhance their capabilities to combat complex attacks.
- As regulatory frameworks around data protection tighten, companies will increasingly rely on MSS providers to ensure compliance with both local and global standards. This trend will drive demand for compliance-driven security solutions.
- The rise in cyberattacks has heightened awareness among businesses regarding the importance of cybersecurity. This will spur greater adoption of MSS to safeguard sensitive data and protect against breaches.
- The integration of artificial intelligence (AI) and automation in managed security services will grow. These technologies will enhance the ability to detect and mitigate threats in real-time, reducing manual intervention.
- As IoT devices proliferate across industries, MSS providers will increasingly offer specialized IoT security services. This will ensure the protection of connected devices and networks from cyber threats.
- As businesses prioritize minimizing downtime, there will be a greater demand for managed incident response and recovery services. MSS providers will offer quicker and more efficient recovery solutions.
- Government initiatives, including Vision 2030, will continue to drive cybersecurity investments. The government’s push for a secure digital economy will further fuel the growth of the MSS market.
- The growing number of remote work arrangements will lead to increased demand for endpoint security services. MSS providers will offer solutions to protect devices such as laptops, smartphones, and tablets.
- As regional security needs evolve, there will be a growing demand for localized MSS offerings. Providers will tailor their services to address the unique cybersecurity challenges faced by businesses in Saudi Arabia.