Connect with us

Technology

Kingdom Fortified: KSA Cybersecurity Market Flourishes at 12.4% CAGR, Fueled by Digital Transformation and Growing Threats

Published

2 years ago

on

GURUGRAM, India, Feb. 27, 2024 /PRNewswire/ — The Kingdom of Saudi Arabia’s cybersecurity market is experiencing robust growth, driven by rapid digital transformation, increasing internet penetration, and the ever-evolving threat landscape. Ken Research’s comprehensive report, KSA Cybersecurity Market Outlook to 2028: Bolstering Digital Defenses in a Connected Kingdom, delves into this dynamic market, projecting a remarkable 12.4% CAGR over the next five years. This press release summarizes the key findings and offers valuable insights for cybersecurity solution providers, government agencies, and businesses seeking to navigate the evolving security landscape. 

Market Overview: 

Several key factors are propelling the KSA cybersecurity market towards a future of heightened vigilance and robust defenses: 

Digital Transformation: Vision 2030 and other government initiatives are driving the adoption of digital technologies across various sectors, creating a larger attack surface for cybercriminals. Rising Internet Penetration: Increasing internet and mobile phone usage are exposing individuals and businesses to online threats, necessitating robust cybersecurity solutions. Growing Cyber Threats: The Kingdom is witnessing a rise in sophisticated cyberattacks, including malware, ransomware, and phishing attempts, highlighting the need for advanced security measures. Government Focus: The Saudi Arabian government is prioritizing cybersecurity, establishing regulations and investing in national defense initiatives. 

Interested to Know More about this Report, Request a Free Sample Report

Segmentation Spotlight: 

Ken Research provides a detailed segmentation of the market, allowing you to tailor your solutions to specific needs: 

By Security Solution: Network security holds the largest share, followed by endpoint security, cloud security, and application security solutions. Emerging segments like identity and access management (IAM) are gaining traction. By Industry Vertical: Banking, financial services, and insurance (BFSI) is the leading sector, followed by government, healthcare, and critical infrastructure. By Deployment Model: The on premise deployment model remains prevalent, but cloud-based security solutions are witnessing significant growth due to their scalability and flexibility. By Service Type: Managed security services (MSS) are gaining traction as companies seek to outsource their security operations to specialized providers. 

Competitive Landscape: 

The KSA cybersecurity market features a mix of established international players and emerging local companies: 

Global Security Giants: Leading international cybersecurity vendors like Palo Alto Networks, Cisco, and Fortinet are present in the market, offering their advanced solutions. Local Players: Local companies like Saudi Arabian Information Security Company (SANS) and STC Solutions cater to the specific needs of the Kingdom and offer regional expertise. Specialized Service Providers: Niche players are emerging, offering specialized services such as security consulting, vulnerability assessments, and incident response services. 

Visit this Link :- Request for custom report

Recent Developments: 

Establishment of Cybersecurity Regulatory Framework: The National Cybersecurity Authority (NCA) is establishing a comprehensive cybersecurity framework to enhance national security posture. Focus on Public-Private Partnerships (PPPs): The government is encouraging collaboration between public and private entities to develop a robust cybersecurity ecosystem. Investment in Cybersecurity Awareness: Initiatives are underway to raise public awareness about cyber threats and promote safe online practices. 

Future Outlook: 

The KSA cybersecurity market is poised for exciting developments in the coming years: 

Adoption of Advanced Technologies: Emerging technologies like artificial intelligence (AI) and machine learning (ML) will be integrated into security solutions for enhanced threat detection and prevention. Focus on Data Security: With the growing importance of data privacy, compliance with regulations such as the Personal Data Protection Act (PDPA) will be crucial. Growing Demand for Managed Services: The demand for managed security services will continue to rise as companies seek to optimize their security operations and leverage expert support. Skill Development and Training: Addressing the cybersecurity workforce gap through skill development and training initiatives will be critical. 

Challenges to Address: 

Despite its promising future, the market faces some hurdles: 

Skilled Workforce Shortage: Attracting and retaining qualified cybersecurity professionals remains a challenge. Evolving Threat Landscape: Staying ahead of the ever-evolving threat landscape and adapting security strategies accordingly is crucial. Integration Challenges: Integrating diverse security solutions seamlessly and managing them effectively requires robust infrastructure and expertise. 

Why This Report Matters: 

This report empowers various stakeholders to navigate the KSA cybersecurity market: 

Cybersecurity solution providers: Gain insights into emerging trends, customer needs, and regulatory requirements to adjust their offerings and tailor solutions to the Kingdom’s specific needs. Government agencies: Develop effective cybersecurity policies, promote collaboration among stakeholders, and invest in building a robust national cybersecurity architecture. Businesses: Understand the evolving cybersecurity landscape, select appropriate security solutions, and implement best practices to protect their critical data and infrastructure, thereby building trust with their customers and partners.

Request free 30 minutes analyst call

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Cybersecurity Market

Related Reports by Ken Research: –

Indonesia Cybersecurity Market Outlook to 2028 Driven by cybersecurity services, government policies and access to the newer avenues in the market

Indonesia Cybersecurity market set to grow at a 9.3% CAGR from 2023 to 2028. Growth driven by the rise of SMEs and institutions in Indonesia. Increased investment in Research and Development (R&D) for advanced cybersecurity solutions. Adoption of sustainable products gains prominence in response to environmental considerations. Entry of new domestic players stimulates competition and innovation.

US Security Testing Market Outlook to 2028 Segmented by Type of Security (Network and Application Security), Type of End-User Industry (Government, Financial and Healthcare) and region

The US Security Testing Market is growing every year with a successive change into their database and workflow, with an expected CAGR of ~18%, within the time period 2022 to 2028. Major changes in technologies have been seen throughout the security testing market, with more complex and stringent regulatory compliances leading to a much more secure mainframe, handling multiple scans on the software.

US Identity Verification Market Outlook to 2028 Segmented by Deployment type (On- Premise, On- Demand), End-User Industry (Financial services, Retails) and by Region

US Identity Verification market is expected to show increasing and is expected to grow at a CAGR of ~13% from 2022 to 2028 with Government initiatives for stricter and high-end algorithm development are expected to enhance the connectivity within the US. The rise in demand for identity verification solutions was projected to continuously grow as global digitalization and online transactions became more prevalent across all sorts of industries.

Global Smart Home Security Market Outlook to 2027 Segmented by Component, By Device Type, by Communication Module, By Geography

According to Ken Research estimates, the Global Smart Home Security Market is aided by the overall food service industry. Also, the Global Smart Home Security market is driven by rising number of burglaries, need for more secure and sound system by the home owners. Thus, along with the Global concern for house security, it is driving the demand for Global Smart Home Security market.

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/kingdom-fortified-ksa-cybersecurity-market-flourishes-at-12-4-cagr-fueled-by-digital-transformation-and-growing-threats-302072468.html

SOURCE Ken Research

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Corgi Insurance Announces Artist Residency to Support Local Creatives at Corgi Cafe

Published

43 minutes ago

on

July 21, 2026

By

SAN FRANCISCO, July 20, 2026 /PRNewswire/ — Corgi Insurance has announced the launch of its Artist Residency Program, a new initiative designed to support artists, illustrators, writers, photographers, filmmakers, and creators working at the intersection of technology and culture.

The residency will be based at Corgi Cafe, the company’s 24/7 community space in San Francisco built for founders, engineers, investors, and operators. Since opening, the cafe has become a home for hackathons, demo days, founder dinners, product launches, and late-night building sessions. With the residency, Corgi is expanding that community to include the creatives documenting, interpreting, and shaping this moment in technology.

Residents will receive workspace at the cafe’s central warehouse in San Francisco, featuring 30-foot ceilings, creative tools and materials, access to Corgi’s network of founders and builders, and opportunities to showcase their work through exhibitions, talks, installations, publications, and community events. The program gives artists proximity to the people and ideas driving technological change while bringing creative perspectives and storytelling into the startup ecosystem.

The launch reflects Corgi’s belief that the next generation of iconic technology companies will be built not only by engineers and operators, but also by writers, designers, filmmakers, and artists capable of translating complex ideas into culture.

“I fell in love with art and culture while working in crypto and digital art. Seeing creators flourish around community and new technology shaped me deeply, and that vision now lives on through Corgi Cafe,” said Trevor Owens, Head of Cafe at Corgi. “Some of the most important movements in digital art emerged not from institutions, but from people gathering in shared spaces, experimenting together, and supporting one another’s work. We want to bring that same ethos to Corgi Cafe. San Francisco has an incredible community of local artists, and the Artist Residency is our way of investing in the people documenting, interpreting, and shaping this moment in technology and culture.”

The Artist Residency is an effort to make Corgi Cafe a place not only where companies are built, but where culture around technology is created. Applications for the inaugural Corgi Artist Residency are now open. Local artists interested in joining San Francisco’s builder community and creating work alongside founders, engineers, and operators can apply today. The residency will launch in San Francisco before expanding to additional Corgi Cafe locations across the country. Apply here: corgicafe.com/residency

About Corgi

Corgi Insurance is the first AI-native insurance company. Backed by decades of insurance expertise, Corgi has raised $374 million since its founding, most recently at a $2.6B valuation.

Media Contact: Erika Lee, erika@corgi.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/corgi-insurance-announces-artist-residency-to-support-local-creatives-at-corgi-cafe-302830120.html

SOURCE Corgi

Continue Reading

Technology

Infobip research reveals APAC businesses scaling AI-powered defenses to counter surge in automated fraud

Published

43 minutes ago

on

July 21, 2026

By

Fraudsters are leveraging AI to automate and personalize attacks, but enterprises are fighting back

KUALA LUMPUR, Malaysia, July 21, 2026 /PRNewswire/ — New research from global AI-first cloud communications platform Infobip reveals a growing surge in AI-powered fraud and enterprise defenses. Analyzing billions of interactions globally, Infobip’s 2026 Fraud & Security Report highlights a year of dramatic contrasts. There have been record volumes of blocked fraudulent traffic alongside the rapid scaling of intelligent, AI-powered defenses.

The report reveals that while fraudsters are using AI to scale and personalize harmful messaging, leading to a 77% increase in detected threats, businesses are responding in kind. Adoption of AI-powered fraud detection grew by 71% year-on-year, while pattern-based detection increased by 105%, underscoring a shift toward adaptive security.

Matija Ražem, Chief Commercial Telecom Officer at Infobip, said: “Fraudsters are using AI to automate and scale campaigns faster than ever, but AI-powered protection is evolving just as fast. The significant growth in AI-driven detection proves that leading organizations are no longer treating security as an afterthought, they are building it directly into their communication infrastructure.”

The report also highlights distinct fraud trends emerging across the Asia Pacific region.

Across APAC, enterprises are navigating an increasingly complex fraud environment as digital engagement and mobile-first banking continue to accelerate. At the network level, APAC is among the most technologically advanced regions based on Infobip data. Operator firewalls are highly automated, while mature AI-powered detection models can identify and block most threats without human intervention.

At the enterprise level, however, OTP-based fraud remains a significant challenge in several key markets. Certain territories continue to record elevated suspicious authentication rates, indicating structural fraud patterns rather than isolated campaigns.

Regulatory scrutiny is also intensifying across the region. In countries such as the Philippines, Malaysia, Singapore, and India, regulators have introduced stronger authentication requirements, reflecting a broader regional shift toward treating SMS OTP vulnerabilities as both a security and compliance priority.

This growing focus on fraud prevention is driving stronger enterprise action across APAC. For example, PLDT Enterprise strengthened security across Smart’s network after deploying Infobip’s SMS and Voice Firewall. The deployment helped reduce spam, smishing, and fraudulent SMS traffic, blocking more than 1.3 billion spam and fraud attempts while improving SMS delivery and overall network security.

“In APAC’s rapidly growing digital economy, trust is emerging as a key competitive advantage, and businesses need to make Network APIs a core part of their fraud prevention and authentication strategy. Companies should consider leveraging Network APIs’ capabilities such as Number Verify, SIM Swap detection, KYC Match, and Device Location Verification to better stay ahead of evolving threats while delivering seamless customer experiences. By taking this a step further and orchestrating these capabilities through a CPaaS platform, businesses can create a centralized, resilient security framework that helps reduce fraud without disrupting the user experience,” commented Goran Valjak, Director of Telecom Growth and Strategy Asia at Infobip.

Download the full Fraud & Security Trends 2026 report to find out more insights: https://bit.ly/3R2W9pl.

About Infobip

Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey, with AI as the driving force of innovation. Through a single, natively built platform, Infobip delivers omnichannel engagement, identity, user authentication and contact centre solutions that help businesses and partners overcome the complexity of consumer communications while driving growth and increasing customer loyalty. Infobip is focused on enabling and accelerating AI adoption as it continues its transformation into an AI-first company. Infobip’s technology has the capacity to reach over seven billion mobile devices in 6 continents connected to 10k+ connections of which 800+ are direct operator connections. The company was established in 2006 and is led by its co-founders, CEO Silvio Kutić and CTO Izabel Jelenić.

Recent award wins include:

Infobip ranked #16 in Fortune’s Europe’s Most Innovative Companies 2026 (June 2026), up from its inaugural #68 ranking in 2025.Infobip named a Leader in the Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS) for the fourth consecutive year. Positioned furthest for Completeness of Vision for the second time (May 2026)Infobip named the number one Established Leader in the Juniper Research RCS for Business 2026 Leaderboard (Feb 2026) Infobip recognized as a growth and innovation leader in Frost Radar™: Communications Platform as a Service (CPaaS) by Frost & Sullivan (Oct 2025)Infobip ranked as the number one Established Leader in the Juniper Research Mobile Messaging Fraud Prevention Market report (Sept 2025)Infobip ranked as a Leader in the Omdia CPaaS Universe Report for the third time (April 2025)Infobip ranked an Established Leader in the Juniper Research Conversational AI Leaderboard (Feb 2025)Infobip named a CPaaS Leader for the third time in the IDC MarketScape (Feb 2025)Infobip named one of the top CPaaS providers in Metrigy’s CPaaS MetriRank Report (Dec 2024) Infobip recognized as the number one provider in the AIT Fraud Prevention market by Juniper Research (Oct 2024)

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/infobip-research-reveals-apac-businesses-scaling-ai-powered-defenses-to-counter-surge-in-automated-fraud-302830163.html

SOURCE Infobip

Continue Reading

Technology

Brown Health Medical Group-MA Data Breach Alert: Edelson Lechtzin LLP Investigates Class Action Claims

Published

43 minutes ago

on

July 21, 2026

By

National data breach law firm offering free case evaluations to individuals whose Social Security numbers, financial account information, government-issued IDs, and health records may have been exposed in the Brown Health Medical Group-MA data breach.

NEWTOWN, Pa., July 20, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the Brown Health Medical Group-MA data breach, a cybersecurity incident that exposed the sensitive personal, financial, and health information of hundreds of thousands of patients. Lifespan Physician Group of Massachusetts, Inc., which does business as Brown Health Medical Group-MA, reported the breach to the Vermont Attorney General’s Office on July 16, 2026.

What Happened

According to a report filed with the Vermont Attorney General’s Office on July 16, 2026, Lifespan Physician Group of Massachusetts, Inc., doing business as Brown Health Medical Group-MA, experienced a data breach that may have exposed sensitive personal, financial, and health information entrusted to it by its patients. The incident affected at least 290,357 residents of Massachusetts and 86 residents of Vermont. Brown Health Medical Group-MA has not publicly disclosed the total number of individuals affected across all states.

Information Exposed

The Brown Health Medical Group-MA data breach may have compromised a broad range of sensitive personal, financial, and health information. According to the notice filed with the Vermont Attorney General, the exposed data may include Social Security numbers, financial account codes, credit and debit account information, government-issued identification numbers, driver’s license numbers, and health and medical records.

Who May Be Impacted

Individuals who are notified that their information was involved in the Brown Health Medical Group-MA data breach — including patients of Brown Health Medical Group-MA and its affiliated physician practices — may face an increased risk of identity theft, financial fraud, and medical identity theft.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal, financial, and health information may have been compromised in the Brown Health Medical Group-MA data breach. Through such an action, affected individuals may be able to recover compensation for loss of privacy, time spent responding to the breach, out-of-pocket costs, and other harms. The firm will evaluate your rights and potential claims at no cost.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492 ext. 2; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

Recommended Protective Steps

Review your account statements, credit reports, and any explanation-of-benefits statements from your health insurer regularly, and remain vigilant for suspicious activity. If Brown Health Medical Group-MA offered you complimentary credit monitoring or identity protection services, consider enrolling before any deadline stated in your notice. Confirm whether your information was involved in the incident and preserve any letters or emails you received about the breach. Consider placing fraud alerts or a security freeze on your credit, and consider requesting an IRS Identity Protection PIN to guard against tax-related fraud.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/brown-health-medical-group-ma-data-breach-alert-edelson-lechtzin-llp-investigates-class-action-claims-302830200.html

SOURCE Edelson Lechtzin LLP

Continue Reading

Trending