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Saudi Arabia Managed Security Services Market

Saudi Arabia Managed Security Services Market By Service Type (Managed IAM, Managed Vulnerability Management, Managed Risk and Compliance, Managed Detection and Response, Others); By Type (Fully Managed, Co-Managed); By Organization Size (SMEs, Others); By Security Type (Network Security, Cloud Security, Endpoint Security, Others); By Vertical (BFSI, Government, Healthcare and Life Sciences, IT & ITES, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 36393 | Report Format : Excel, PDF
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.

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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

  • Fully Managed
  • Co-Managed

 Based on Organisation Size

  • SMES
  • Others

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.

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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

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

CHAPTER NO. 1 : INTRODUCTION 19
1.1.1. Report Description 19
Purpose of the Report 19
USP & Key Offerings 19
1.1.2. Key Benefits for Stakeholders 19
1.1.3. Target Audience 20
1.1.4. Report Scope 20
CHAPTER NO. 2 : EXECUTIVE SUMMARY 21
2.1. Saudi Arabia Managed Security Services Market Snapshot 21
2.1.1. Saudi Arabia Managed Security Services Market, 2018 – 2032 (USD Million) 22
CHAPTER NO. 3 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – INDUSTRY ANALYSIS 23
3.1. Introduction 23
3.2. Market Drivers 24
3.2.1. Increasing Cyber Threats 24
3.2.2. Rapid Digital Transformation across Industries 25
3.3. Market Restraints 26
3.3.1. High Costs of Managed Security Services 26
3.4. Market Opportunities 27
3.4.1. Market Opportunity Analysis 27
3.5. Porter’s Five Forces Analysis 28
CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 29
4.1. Company Market Share Analysis – 2023 29
4.1.1. Saudi Arabia Managed Security Services Market: Company Market Share, by Volume, 2023 29
4.1.2. Saudi Arabia Managed Security Services Market: Company Market Share, by Revenue, 2023 30
4.1.3. Saudi Arabia Managed Security Services Market: Top 6 Company Market Share, by Revenue, 2023 30
4.1.4. Saudi Arabia Managed Security Services Market: Top 3 Company Market Share, by Revenue, 2023 31
4.2. Saudi Arabia Managed Security Services Market Company Volume Market Share, 2023 32
4.3. Saudi Arabia Managed Security Services Market Company Revenue Market Share, 2023 33
4.4. Company Assessment Metrics, 2023 34
4.4.1. Stars 34
4.4.2. Emerging Leaders 34
4.4.3. Pervasive Players 34
4.4.4. Participants 34
4.5. Start-ups /SMEs Assessment Metrics, 2023 34
4.5.1. Progressive Companies 34
4.5.2. Responsive Companies 34
4.5.3. Dynamic Companies 34
4.5.4. Starting Blocks 34
4.6. Strategic Developments 35
4.6.1. Acquisitions & Mergers 35
New Product Launch 35
Saudi Arabia Expansion 35
4.7. Key Players Product Matrix 36
CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 37
5.1. PESTEL 37
5.1.1. Political Factors 37
5.1.2. Economic Factors 37
5.1.3. Social Factors 37
5.1.4. Technological Factors 37
5.1.5. Environmental Factors 37
5.1.6. Legal Factors 37
5.2. Adjacent Market Analysis 37
CHAPTER NO. 6 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – BY SERVICE TYPE SEGMENT ANALYSIS 38
6.1. Saudi Arabia Managed Security Services Market Overview, by Service Type Segment 38
6.1.1. Saudi Arabia Managed Security Services Market Revenue Share, By Service Type, 2023 & 2032 39
6.1.2. Saudi Arabia Managed Security Services Market Attractiveness Analysis, By Service Type 40
6.1.3. Incremental Revenue Growth Opportunity, by Service Type, 2024 – 2032 40
6.1.4. Saudi Arabia Managed Security Services Market Revenue, By Service Type, 2018, 2023, 2027 & 2032 41
6.2. Managed IAM 42
6.3. Managed vulnerability management 43
6.4. Managed Risk and Compliance 44
6.5. Managed Detection and Response 45
6.6. Others 46
CHAPTER NO. 7 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – BY TYPE SEGMENT ANALYSIS 47
7.1. Saudi Arabia Managed Security Services Market Overview, by Type Segment 47
7.1.1. Saudi Arabia Managed Security Services Market Revenue Share, By Type, 2023 & 2032 48
7.1.2. Saudi Arabia Managed Security Services Market Attractiveness Analysis, By Type 49
7.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 49
7.1.4. Saudi Arabia Managed Security Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 50
7.2. Fully Managed 51
7.3. Co-Managed 52
CHAPTER NO. 8 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – BY ORGANIZATION SIZE SEGMENT ANALYSIS 53
8.1. Saudi Arabia Managed Security Services Market Overview, by Organization Size Segment 53
8.1.1. Saudi Arabia Managed Security Services Market Revenue Share, By Organization Size, 2023 & 2032 54
8.1.2. Saudi Arabia Managed Security Services Market Attractiveness Analysis, By Organization Size 55
8.1.3. Incremental Revenue Growth Opportunity, by Organization Size, 2024 – 2032 55
8.1.4. Saudi Arabia Managed Security Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 56
8.2. Large Enterprises 57
8.3. SMES 58
8.4. Others 59
CHAPTER NO. 9 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – BY SECURITY TYPE SEGMENT ANALYSIS 60
9.1. Saudi Arabia Managed Security Services Market Overview, by Security Type Segment 60
9.1.1. Saudi Arabia Managed Security Services Market Revenue Share, By Security Type, 2023 & 2032 61
9.1.2. Saudi Arabia Managed Security Services Market Attractiveness Analysis, By Security Type 62
9.1.3. Incremental Revenue Growth Opportunity, by Security Type, 2024 – 2032 62
9.1.4. Saudi Arabia Managed Security Services Market Revenue, By Security Type, 2018, 2023, 2027 & 2032 63
9.2. Network Security 64
9.3. Cloud Security 65
9.4. Endpoint Security 66
9.5. Others 67
CHAPTER NO. 10 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – BY VERTICAL SEGMENT ANALYSIS 68
10.1. Saudi Arabia Managed Security Services Market Overview, by Vertical Segment 68
10.1.1. Saudi Arabia Managed Security Services Market Revenue Share, By Vertical, 2023 & 2032 69
10.1.2. Saudi Arabia Managed Security Services Market Attractiveness Analysis, By Vertical 70
10.1.3. Incremental Revenue Growth Opportunity, by Vertical, 2024 – 2032 70
10.1.4. Saudi Arabia Managed Security Services Market Revenue, By Vertical, 2018, 2023, 2027 & 2032 71
10.2. BFSI 72
10.3. Goverment 73
10.4. Healthcare and Life Sciences 74
10.5. IT & ITES 75
10.6. Others 76
CHAPTER NO. 11 : SAUDI ARABIA MANAGED SECURITY SERVICES MARKET – ANALYSIS 77
11.1. Service Type 77
11.1.1. Saudi Arabia Managed Security Services Market Revenue, By Service Type, 2018 – 2023 (USD Million) 77
11.1.2. Saudi Arabia Managed Security Services Market Revenue, By Service Type, 2024 – 2032 (USD Million) 78
11.2. Type 79
11.2.1. Saudi Arabia Managed Security Services Market Revenue, By Type, 2018 – 2023 (USD Million) 79
11.2.2. Saudi Arabia Managed Security Services Market Revenue, By Type, 2024 – 2032 (USD Million) 79
11.3. Organization Size 80
11.3.1. Saudi Arabia Managed Security Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 80
11.3.2. Saudi Arabia Managed Security Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 80
11.4. Security Type 81
11.4.1. Saudi Arabia Managed Security Services Market Revenue, By Security Type, 2018 – 2023 (USD Million) 81
11.4.2. Saudi Arabia Managed Security Services Market Revenue, By Security Type, 2024 – 2032 (USD Million) 81
11.5. Vertical 82
11.5.1. Saudi Arabia Managed Security Services Market Revenue, By Vertical, 2018 – 2023 (USD Million) 82
11.5.2. Saudi Arabia Managed Security Services Market Revenue, By Vertical, 2024 – 2032 (USD Million) 82
CHAPTER NO. 12 : COMPANY PROFILES 83
12.1. IT Security Training & Solutions (I(TS)2) 83
12.1.1. Company Overview 83
12.1.2. Product Portfolio 83
12.1.3. Swot Analysis 83
12.1.4. Business Strategy 84
12.1.5. Financial Overview 84
12.2. Saudi Information Technology Company (SITE) 85
12.3. Innovative Solutions Co. 85
12.4. Kaspersky Lab 85
12.5. International Business Machines Corporation (IBM) 85
12.6. Fortinet, Inc. 85
12.7. Palo Alto Networks, Inc. 85
12.8. Security Matterz Ltd. 85
12.9. Atos SE 85
12.10. DXC Technology 85
12.11. Hewlett-Packard Enterprise (HPE) 85

List of Figures
FIG NO. 1. Saudi Arabia Managed Security Services Market Revenue, 2018 – 2032 (USD Million) 22
FIG NO. 2. Porter’s Five Forces Analysis for Saudi Arabia Managed Security Services Market 28
FIG NO. 3. Company Share Analysis, 2023 29
FIG NO. 4. Company Share Analysis, 2023 30
FIG NO. 5. Company Share Analysis, 2023 30
FIG NO. 6. Company Share Analysis, 2023 31
FIG NO. 7. Saudi Arabia Managed Security Services Market – Company Volume Market Share, 2023 32
FIG NO. 8. Saudi Arabia Managed Security Services Market – Company Revenue Market Share, 2023 33
FIG NO. 9. Saudi Arabia Managed Security Services Market Revenue Share, By Service Type, 2023 & 2032 39
FIG NO. 10. Market Attractiveness Analysis, By Service Type 40
FIG NO. 11. Incremental Revenue Growth Opportunity by Service Type, 2024 – 2032 40
FIG NO. 12. Saudi Arabia Managed Security Services Market Revenue, By Service Type, 2018, 2023, 2027 & 2032 41
FIG NO. 13. Saudi Arabia Managed Security Services Market for Managed IAM, Revenue (USD Million) 2018 – 2032 42
FIG NO. 14. Saudi Arabia Managed Security Services Market for Managed vulnerability management, Revenue (USD Million) 2018 – 2032 43
FIG NO. 15. Saudi Arabia Managed Security Services Market for Managed Risk and Compliance, Revenue (USD Million) 2018 – 2032 44
FIG NO. 16. Saudi Arabia Managed Security Services Market for Managed Detection and Response, Revenue (USD Million) 2018 – 2032 45
FIG NO. 17. Saudi Arabia Managed Security Services Market for Others, Revenue (USD Million) 2018 – 2032 46
FIG NO. 18. Saudi Arabia Managed Security Services Market Revenue Share, By Type, 2023 & 2032 48
FIG NO. 19. Market Attractiveness Analysis, By Type 49
FIG NO. 20. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 49
FIG NO. 21. Saudi Arabia Managed Security Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 50
FIG NO. 22. Saudi Arabia Managed Security Services Market for Fully Managed, Revenue (USD Million) 2018 – 2032 51
FIG NO. 23. Saudi Arabia Managed Security Services Market for Co-Managed, Revenue (USD Million) 2018 – 2032 52
FIG NO. 24. Saudi Arabia Managed Security Services Market Revenue Share, By Organization Size, 2023 & 2032 54
FIG NO. 25. Market Attractiveness Analysis, By Organization Size 55
FIG NO. 26. Incremental Revenue Growth Opportunity by Organization Size, 2024 – 2032 55
FIG NO. 27. Saudi Arabia Managed Security Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 56
FIG NO. 28. Saudi Arabia Managed Security Services Market for Large Enterprises, Revenue (USD Million) 2018 – 2032 57
FIG NO. 29. Saudi Arabia Managed Security Services Market for SMES, Revenue (USD Million) 2018 – 2032 58
FIG NO. 30. Saudi Arabia Managed Security Services Market for Others, Revenue (USD Million) 2018 – 2032 59
FIG NO. 31. Saudi Arabia Managed Security Services Market Revenue Share, By Security Type, 2023 & 2032 61
FIG NO. 32. Market Attractiveness Analysis, By Security Type 62
FIG NO. 33. Incremental Revenue Growth Opportunity by Security Type, 2024 – 2032 62
FIG NO. 34. Saudi Arabia Managed Security Services Market Revenue, By Security Type, 2018, 2023, 2027 & 2032 63
FIG NO. 35. Saudi Arabia Managed Security Services Market for Network Security, Revenue (USD Million) 2018 – 2032 64
FIG NO. 36. Saudi Arabia Managed Security Services Market for Cloud Security, Revenue (USD Million) 2018 – 2032 65
FIG NO. 37. Saudi Arabia Managed Security Services Market for Endpoint Security, Revenue (USD Million) 2018 – 2032 66
FIG NO. 38. Saudi Arabia Managed Security Services Market for Others, Revenue (USD Million) 2018 – 2032 67
FIG NO. 39. Saudi Arabia Managed Security Services Market Revenue Share, By Vertical, 2023 & 2032 69
FIG NO. 40. Market Attractiveness Analysis, By Vertical 70
FIG NO. 41. Incremental Revenue Growth Opportunity by Vertical, 2024 – 2032 70
FIG NO. 42. Saudi Arabia Managed Security Services Market Revenue, By Vertical, 2018, 2023, 2027 & 2032 71
FIG NO. 43. Saudi Arabia Managed Security Services Market for BFSI, Revenue (USD Million) 2018 – 2032 72
FIG NO. 44. Saudi Arabia Managed Security Services Market for Goverment, Revenue (USD Million) 2018 – 2032 73
FIG NO. 45. Saudi Arabia Managed Security Services Market for Healthcare and Life Sciences, Revenue (USD Million) 2018 – 2032 74
FIG NO. 46. Saudi Arabia Managed Security Services Market for IT & ITES, Revenue (USD Million) 2018 – 2032 75
FIG NO. 47. Saudi Arabia Managed Security Services Market for Others, Revenue (USD Million) 2018 – 2032 76

List of Tables
TABLE NO. 1. : Saudi Arabia Managed Security Services Market: Snapshot 21
TABLE NO. 2. : Drivers for the Saudi Arabia Managed Security Services Market: Impact Analysis 24
TABLE NO. 3. : Restraints for the Saudi Arabia Managed Security Services Market: Impact Analysis 26
TABLE NO. 4. : Saudi Arabia Managed Security Services Market Revenue, By Service Type, 2018 – 2023 (USD Million) 77
TABLE NO. 5. : Saudi Arabia Managed Security Services Market Revenue, By Service Type, 2024 – 2032 (USD Million) 78
TABLE NO. 6. : Saudi Arabia Managed Security Services Market Revenue, By Type, 2018 – 2023 (USD Million) 79
TABLE NO. 7. : Saudi Arabia Managed Security Services Market Revenue, By Type, 2024 – 2032 (USD Million) 79
TABLE NO. 8. : Saudi Arabia Managed Security Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 80
TABLE NO. 9. : Saudi Arabia Managed Security Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 80
TABLE NO. 10. : Saudi Arabia Managed Security Services Market Revenue, By Security Type, 2018 – 2023 (USD Million) 81
TABLE NO. 11. : Saudi Arabia Managed Security Services Market Revenue, By Security Type, 2024 – 2032 (USD Million) 81
TABLE NO. 12. : Saudi Arabia Managed Security Services Market Revenue, By Vertical, 2018 – 2023 (USD Million) 82
TABLE NO. 13. : Saudi Arabia Managed Security Services Market Revenue, By Vertical, 2024 – 2032 (USD Million) 82

Frequently Asked Questions :

What is the market size of the Saudi Arabia Managed Security Services Market in 2023 and 2032?

The Saudi Arabia Managed Security Services Market is expected to reach USD 57,529.13 million in 2024 and grow to USD 69,193.45 million by 2032. This represents a compound annual growth rate (CAGR) of 3.8% from 2025 to 2032.

What factors are driving the growth of the MSS market in Saudi Arabia?

Key drivers include the rapid growth in cyberattacks, increasing threat sophistication, and a growing focus on cloud computing and digital transformation. These factors create a rising need for robust security solutions.

Who are the key players in the Saudi Arabia Managed Security Services Market?

Major players in the market include international companies like IBM and Cisco, as well as regional providers such as STC Solutions. These companies are expanding their service offerings to meet increasing cybersecurity demands.

How does the rise in IoT devices impact the MSS market?

The increasing adoption of Internet of Things (IoT) devices in Saudi Arabia contributes to the demand for managed security services. As more devices connect to networks, robust security services are needed to protect against potential breaches.

What role does regulatory compliance play in the MSS market?

The growing need for businesses to comply with data protection regulations drives demand for managed security services. MSS providers help companies maintain compliance with global and local cybersecurity standards.

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