From Threats to Solutions: The Growth of Cybersecurity in the Middle East

Webersnits12 Oct, 2024News

The Middle East cybersecurity market is expected to expand from USD 14.8 billion in 2023 to USD 24.1 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 10.2% during this period. This growth is driven by the region’s flourishing startup ecosystem, which is steering the market towards innovation and resilience. Additionally, Saudi Arabia’s Vision 2030 is a key factor in shaping market dynamics, as regulatory initiatives gain traction to address the increasingly complex threat landscape. The alignment with Vision 2030 creates a favorable environment for advancements in cybersecurity.