Saudi Arabia Managed Security Services Market Overview, 2029

In Saudi Arabia, the managed security services market began gaining momentum in the early 2010s, spurred by the increasing digitalization of various industries and the rise in cyber threats. The Saudi Arabia government's commitment to enhancing the nation's cybersecurity infrastructure, particularly through Vision 2030, has been a major catalyst. Vision 2030, aims to diversify the economy and modernize various sectors, including IT and digital services, thereby increasing the demand for robust cybersecurity solutions. The Saudi Arabia government has implemented several initiatives to bolster cybersecurity, including establishing the National Cybersecurity Authority (NCA) and launching national strategies to protect critical infrastructure. Regulatory frameworks like the Personal Data Protection Law (PDPL) have also heightened the need for compliance, driving demand for managed security service providers who offer compliance-as-a-service solutions. The rapid adoption of digital technologies such as cloud computing, big data analytics and IoT across various sectors has significantly increased the attack surface for cyber threats. Industries like oil and utilities, gas, and manufacturing are particularly focused on securing their digital infrastructure, leading to increased investment in MSS. The pandemic accelerated digital transformation as organizations shifted to remote work and online operations, further amplifying the need for managed security services to protect against rising cyber threats. This includes costs related to service subscriptions, skilled personnel, and infrastructure upgrades. Many organizations are cautious about outsourcing critical security functions due to concerns over data privacy and potential breaches within MSS providers' systems . Cybersecurity Skills Gap, There is a notable shortage of skilled cybersecurity professionals in Saudi Arabia, which hampers the ability of managed security service providers to scale their services and meet growing demand . Major companies include IT Security Training & Solutions (I(TS)2), Saudi Information Technology Company (SITE), and international firms like IBM, Fortinet, and Palo Alto Networks. These companies offer a range of services from managed SIEM and DDoS protection to advanced threat detection and response solutions. According to the research report, "Saudi Arabia Managed Security Service Market Outlook, 2029," published by Bonafide Research, the Saudi Arabia managed security service market is anticipated to add to more than USD 178 Million by 2024–29. The mix of artificial intelligence and robotization in oversaw security administrations (MSS) is changing the network safety scene in Saudi Arabia. Man-made intelligence driven advancements empower quicker and more exact danger identification by dissecting huge volumes of information and distinguishing designs that could demonstrate potential security breaks. Robotization smoothes out episode reaction processes, decreasing the time between danger recognition and moderation. For example, robotized frameworks can execute predefined reaction activities without human intercession, limiting the effect of digital assaults. These progressions not just further develop the general security stance of associations yet in addition permit MSS suppliers to deal with more refined and advancing dangers actually. Half and half and co-oversaw security administrations are turning out to be progressively famous in Saudi Arabia. In a crossover model, some security capabilities are overseen inside while others are rethought, giving adaptability and versatility. Co-oversaw administrations include a cooperative organization where obligations are shared, empowering associations to hold command over basic security capabilities while utilizing outside mastery for additional intricate errands. Consistence as-a-administration is getting some decent forward momentum as associations in Saudi Arabia face progressively rigid administrative prerequisites. The Individual Information Insurance Regulation (PDPL) and different guidelines order severe adherence to information security norms, inciting organizations to look for effective consistence arrangements. MSS suppliers offer administrations that incorporate mechanized consistence the board devices, review backing, and master direction to assist associations with exploring the administrative scene. The focal district of Saudi Arabia, especially Riyadh, holds the biggest portion of the MSS market. This strength is credited to the grouping of government bodies, monetary organizations, and enormous endeavors in the locale. Riyadh's high level IT framework and the presence of driving MSS suppliers improve its engaging quality as a center for network protection arrangements. The area's huge piece of the pie is driven by popularity from different areas trying to safeguard their computerized resources and consent to administrative principles.

Managed security services in Saudi Arabia have been developing rapidly to address the rising cyber threats and regulatory demands. The segment service type of Intrusion Detection Systems (IDS) and Intrusion Prevention Systems (IPS) in Saudi Arabia is heavily influenced by local regulations such as the Saudi Arabian Monetary Authority (SAMA) cybersecurity framework. IDS in Saudi Arabia focuses on monitoring and alerting for unauthorized access and anomalies, IPS not only detects but actively blocks threats, often integrated with local telecommunication infrastructures for real-time response. In contrast, global IDS and IPS solutions often incorporate more advanced AI and machine learning capabilities, offering a broader range of customizations and integrations with international threat intelligence networks. Endpoint security in Saudi Arabia prioritizes compliance and protection for both traditional and mobile devices, emphasizing antivirus, Endpoint Detection and Response (EDR), and data encryption tailored to key sectors like oil and finance. Globally, endpoint security solutions feature more sophisticated EDR capabilities with predictive threat detection and support for a wider array of devices and operating systems. DDoS protection services in Saudi Arabia are characterized by strong collaboration between private companies and national ISPs, focusing on protecting critical infrastructure and financial institutions from large-scale attacks. In other countries, particularly in the US and Europe, DDoS mitigation often leverages advanced cloud-based solutions and extensive global scrubbing networks to handle massive traffic volumes. In threat management, Saudi Arabia's services include region-specific threat intelligence and significant collaboration with local cybersecurity firms and government entities. Globally, threat management solutions might offer more advanced analytics and integration with international databases. Firewall management in Saudi Arabia aligns with national cybersecurity guidelines, ensuring compliance and defense against regional threats, whereas international services might be more automated and part of broader zero-trust architectures. Managed security services in Saudi Arabia have been developing rapidly to address the rising cyber threats and regulatory demands. The segment service type of Intrusion Detection Systems (IDS) and Intrusion Prevention Systems (IPS) in Saudi Arabia is heavily influenced by local regulations such as the Saudi Arabian Monetary Authority (SAMA) cybersecurity framework. IDS in Saudi Arabia focuses on monitoring and alerting for unauthorized access and anomalies, IPS not only detects but actively blocks threats, often integrated with local telecommunication infrastructures for real-time response. In contrast, global IDS and IPS solutions often incorporate more advanced machine learning capabilities, offering a broader range of customizations and integrations with international threat intelligence networks. Endpoint security in Saudi Arabia prioritizes compliance and protection for both traditional and mobile devices, emphasizing antivirus, Endpoint Detection and Response (EDR), and data encryption tailored to key sectors like oil and finance. Globally, endpoint security solutions feature more sophisticated EDR capabilities with predictive threat detection and support for a wider array of devices and operating systems. DDoS protection services in Saudi Arabia are characterized by strong collaboration between national ISPs, and private companies focusing on protecting critical infrastructure and financial institutions from large-scale attacks. In other countries, particularly in the US and Europe, DDoS mitigation often leverages advanced cloud-based solutions and extensive global scrubbing networks to handle massive traffic volumes. In threat management, Saudi Arabia's services include region-specific threat intelligence and significant collaboration with local cybersecurity firms and government entities. Globally, threat management solutions might offer more advanced analytics and integration with international databases. Firewall management in Saudi Arabia aligns with national cybersecurity guidelines, ensuring compliance and defense against regional threats, whereas international services more automated and part of broader zero-trust architectures. Cloud deployment offers several advantages that are particularly relevant in the Saudi context. These include scalability, cost-efficiency, and the ability to rapidly deploy and update security measures across dispersed locations. The flexibility and lower initial investment required for cloud services make them an attractive option for many organizations, especially those looking to quickly adapt to the evolving digital landscape. On the other hand, on-premise managed security services remain crucial for organizations that require direct control over their security infrastructure. This is particularly true for sectors dealing with highly sensitive data, such as government, military, and certain financial institutions. On-premise solutions are favored for their perceived security and compliance advantages, as they allow organizations to maintain complete oversight of their data and security processes . Saudi Arabia's MSS market exhibits a more pronounced growth in cloud adoption than some other regions. For instance, while European markets also see significant cloud deployment, the growth rate and government-backed initiatives in Saudi Arabia create a uniquely accelerated environment for cloud services. This is further supported by the presence of major global cloud service providers like Oracle, Google, and Microsoft establishing data centers in the country, which enhances local cloud service capabilities.

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Manmayi Raval

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Managed security services in Saudi Arabia are tailored to meet the specific needs of various end-user segments, including BFSI (Banking, Financial Services, and Insurance), IT/ITES (Information Technology and Information Technology Enabled Services), healthcare, government, and others. Compare to other countries, these services in Saudi Arabia are designed to align closely with national regulations and the unique cyber threat landscape of the region. In BFSI sector, Saudi Arabia’s managed security services emphasize compliance with local regulatory frameworks like the Saudi Arabian Monetary Authority (SAMA) cybersecurity guidelines. In IT/ITES sector, Saudi Arabia’s managed security services focus on protecting data centers, cloud services, and critical IT infrastructure. The services are designed to meet the specific cybersecurity needs of the region’s growing tech industry. In contrast, other countries offer more mature and integrated solutions that include global threat intelligence sharing and advanced endpoint protection tailored for a broader range of IT environments. In the healthcare sector, managed security services in Saudi Arabia prioritize protecting sensitive patient data and ensuring compliance with local health data protection regulations. These services include advanced encryption, secure access controls, and real-time monitoring of healthcare networks. Healthcare managed security services might integrate more advanced AI-driven threat detection and compliance management systems to adhere to international health data standards like HIPAA. In the government sector, Saudi Arabia’s managed security services focus on protecting national critical infrastructure, government data, and services from cyber threats. These services involve extensive collaboration with national cybersecurity agencies and adhere to stringent government security protocols. In other countries, government-managed security services often incorporate more advanced technologies, such as AI and machine learning, for real-time threat intelligence and automated response capabilities, and are integrated within broader national security strategies. ? Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Managed Security Services market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Service Type • IPS and IDS • Endpoint security • DDOS • Others(Threat Management, Firewall Management, Secured Information and Event Management and Others ) By Organization Size • Large Enterprise • SMBs By Deployment • Cloud • On Premise By End User • BFSI • IT/ITES • Healthcare • Government • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Managed Security Services industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.