Ksa Internet Of Things Iot Security Market Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030

Saudi Arabia Internet of Things (IoT) Security Market Overview

• The Saudi Arabia Internet of Things (IoT) Security Market is valued at USD 60 million, based on a five-year historical analysis. This growth is primarily driven by the increasing adoption of IoT devices across sectors such as energy, healthcare, and transportation, as well as heightened concerns over data security and privacy. The market is further propelled by government initiatives focused on enhancing cybersecurity frameworks and accelerating digital transformation, particularly under the Vision 2030 program .
• Key cities such as Riyadh, Jeddah, and Dammam dominate the market due to their roles as economic and technological centers. Riyadh, as the capital, is a primary location for government projects and investments in smart city initiatives. Jeddah and Dammam also contribute significantly through their strategic locations and industrial activities, supporting a robust environment for IoT security solutions .
• In August 2024, the Communications, Space and Technology Commission (CST) revised and issued the ‘IoT Regulations’ to encourage investments and innovation in IoT, improve service quality, and reinforce the regulatory framework in Saudi Arabia. These regulations require organizations to implement comprehensive security measures for IoT devices, covering risk management, incident response, and compliance with international standards .

Saudi Arabia Internet of Things (IoT) Security Market Segmentation

By Component:The market is segmented into Solutions and Services. Solutions include both software and hardware designed to secure IoT devices, while Services comprise consulting, implementation, and managed security services. The Solutions segment leads the market, driven by demand for advanced security technologies to counter evolving cyber threats and the increasing complexity of IoT ecosystems .

By Security Type:The market is categorized into Network Security, Endpoint Security, Application Security, Cloud Security, and Others. Network Security is the dominant segment, fueled by the growing number of connected devices and the critical need to protect data transmitted over networks. Organizations are prioritizing network security solutions to address risks of data breaches and cyberattacks, especially as digital infrastructure expands .

Saudi Arabia Internet of Things (IoT) Security Market Competitive Landscape

The Saudi Arabia Internet of Things (IoT) Security Market is characterized by a dynamic mix of regional and international players. Leading participants such as STC Solutions, Cisco Systems, IBM Security, Palo Alto Networks, Fortinet, Check Point Software Technologies, Trend Micro, McAfee, Kaspersky Lab, Microsoft Azure Security, FireEye (now Trellix), RSA Security, Symantec (Broadcom), Zscaler, CrowdStrike, DarkMatter Group, CyberX (Microsoft), SABB Digital Security, Spire Solutions, and Huawei Technologies contribute to innovation, geographic expansion, and service delivery in this space .

Saudi Arabia Internet of Things (IoT) Security Market Industry Analysis

Growth Drivers

• Increasing Cybersecurity Threats:The rise in cyberattacks has significantly impacted the IoT security landscape in Saudi Arabia. In future, the country reported over 1,200 cyber incidents, a 30% increase from the previous year. This alarming trend has prompted businesses to invest heavily in security solutions, with spending on cybersecurity expected to reach SAR 10 billion in future. The urgency to protect sensitive data drives the demand for advanced IoT security measures, making this a critical growth driver.
• Government Initiatives for Smart Cities:Saudi Arabia's Vision 2030 plan emphasizes the development of smart cities, which inherently rely on IoT technologies. The government allocated SAR 50 billion for smart city projects, aiming to enhance urban living through technology. This initiative is expected to create a robust demand for IoT security solutions, as the integration of smart devices necessitates stringent security protocols to safeguard infrastructure and citizen data, thus driving market growth.
• Rising Adoption of IoT Devices:The proliferation of IoT devices in various sectors, including healthcare, transportation, and manufacturing, is a significant growth driver. In future, the number of connected IoT devices in Saudi Arabia is projected to exceed 30 million, up from 20 million in future. This rapid adoption increases the need for comprehensive security solutions to protect these devices from vulnerabilities, thereby fueling the IoT security market's expansion.

Market Challenges

• Lack of Skilled Workforce:The shortage of skilled professionals in cybersecurity poses a significant challenge to the IoT security market in Saudi Arabia. As of future, the country had only 15,000 certified cybersecurity experts, while the demand is estimated to reach 30,000 in future. This gap hampers the implementation of effective security measures, leaving organizations vulnerable to cyber threats and slowing market growth.
• High Implementation Costs:The financial burden associated with implementing IoT security solutions can deter businesses from investing in necessary technologies. In future, the average cost of deploying comprehensive IoT security systems is projected to be around SAR 1.5 million per organization. This high initial investment, coupled with ongoing maintenance costs, poses a significant barrier, particularly for small and medium-sized enterprises, limiting market penetration.

Saudi Arabia Internet of Things (IoT) Security Market Future Outlook

The future of the IoT security market in Saudi Arabia appears promising, driven by technological advancements and increasing awareness of cybersecurity risks. As organizations prioritize data protection, the integration of artificial intelligence in security solutions is expected to enhance threat detection capabilities. Additionally, the expansion of 5G networks will facilitate faster and more secure connections, further driving the adoption of IoT devices and necessitating robust security measures to protect them.

Market Opportunities

• Growth in Cloud-Based Security Solutions:The shift towards cloud computing presents a significant opportunity for IoT security providers. By future, the cloud security market in Saudi Arabia is expected to reach SAR 3 billion, driven by the need for scalable and flexible security solutions. This trend allows businesses to enhance their security posture without incurring high upfront costs, making it an attractive option for many organizations.
• Expansion of 5G Networks:The rollout of 5G technology in Saudi Arabia is set to revolutionize the IoT landscape. With speeds up to 100 times faster than 4G, 5G will enable the deployment of more connected devices. This expansion is projected to create a SAR 20 billion market for IoT security solutions in future, as organizations seek to secure their networks against the increased vulnerabilities associated with a larger number of connected devices.