+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Saudi Arabia Operational Technology Security Market, Competition, Forecast & Opportunities, 2028

  • PDF Icon

    Report

  • 88 Pages
  • October 2023
  • Region: Saudi Arabia
  • TechSci Research
  • ID: 5893408
Free Webex Call
10% Free customization
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The market for operation technology (OT) security in Saudi Arabia is expected to grow in the coming years. OT security refers to the protection of physical devices and systems that are used in industrial and infrastructure sectors such as oil and gas, power and water utilities, transportation, and manufacturing. These systems are critical to the functioning of various industries and are increasingly being connected to the internet, making them vulnerable to cyber-attacks. Saudi Arabia is one of the largest producers of oil and gas in the world and has a significant presence in other industries such as power and water utilities, transportation, and manufacturing. As these industries continue to modernize and digitize their operations, the need for OT security solutions has become increasingly important. The Middle East and Africa region, which includes Saudi Arabia, is expected to be one of the fastest-growing markets for OT security during this period. Several factors are driving the demand for OT security solutions in Saudi Arabia, including the increasing adoption of internet-connected devices and systems, rising awareness about the risks of cyber-attacks, and the growing need to comply with regulatory requirements. The Saudi Arabian government has also recognized the importance of OT security and has taken several measures to enhance the cybersecurity posture of critical infrastructure sectors. Overall, the market for OT security in Saudi Arabia is expected to grow in the coming years, driven by increasing demand from various industries and government initiatives to improve cybersecurity.

The future of operational technology (OT) security is expected to be shaped by several trends and developments in the field of cybersecurity and industrial automation. With the increasing use of digital technologies and the Internet of Things (IoT) in industrial systems, the boundaries between IT and OT security are blurring. As a result, organizations are likely to adopt a converged approach to cybersecurity, where IT and OT security are integrated into a single framework. Machine learning and AI technologies are increasingly being used in cybersecurity to detect and respond to cyber threats in real-time. In the future, we can expect to see more adoption of these technologies in OT security to enhance the detection and response capabilities of organizations. As industrial systems become more interconnected, the supply chain is becoming a critical area of concern for OT security. Organizations need to focus on securing their supply chain and ensuring that their vendors and suppliers are following best practices in cybersecurity. Many organizations are struggling to keep up with the rapidly evolving threat landscape in OT security. As a result, there is a growing demand for managed OT security services, where third-party providers offer end-to-end security solutions and services to organizations. There is a need for new standards and frameworks that address the unique challenges of OT security.

Overall, the future of OT security is likely to be shaped by the convergence of IT and OT security, the adoption of machine learning and AI, increased focus on supply chain security, growing demand for managed OT security services, and development of new OT security standards and frameworks.

The Increased Use of Digital Technologies in Industrial Systems

The increased use of digital technologies in industrial systems is another major driver of the market growth of operational technology (OT) security in Saudi Arabia. Digital technologies such as cloud computing, big data analytics, and the Internet of Things (IoT) are transforming the way industries operate and manage their assets, leading to improved efficiency, productivity, and cost savings. However, with the increased adoption of digital technologies in industrial systems, the risk of cyber-attacks has also increased significantly. Industrial Control Systems (ICS) and Supervisory Control and Data Acquisition (SCADA) systems that are used in critical infrastructure sectors such as oil and gas, power and water utilities, transportation, and manufacturing are often vulnerable to cyber-attacks, which can result in operational downtime, physical damage, and even loss of life. As a result, there is a growing need for OT security solutions in Saudi Arabia to protect these critical industrial systems from cyber threats. OT security solutions such as firewalls, intrusion detection systems, and security information and event management (SIEM) systems are becoming more widely adopted by organizations to protect their ICS and SCADA systems from cyber-attacks. The Saudi Arabian government has also recognized the importance of OT security and has taken several measures to enhance the cybersecurity posture of critical infrastructure sectors. For example, the National Cybersecurity Authority (NCA) has launched various initiatives to raise awareness about the importance of cybersecurity in critical infrastructure sectors and has provided guidelines and frameworks for organizations to improve their OT security measures. Overall, the increased use of digital technologies in industrial systems is a key driver of the market growth of OT security in Saudi Arabia, as organizations seek to protect their critical infrastructure from cyber threats and comply with regulatory requirements.

Increase in adoption of Industrial Internet of Things (IIoT) Solutions

The increase in adoption of industrial internet of things (IIoT) solutions is another major driver of the market growth of operational technology (OT) security in Saudi Arabia. IIoT refers to the use of internet-connected devices and sensors in industrial systems to collect and analyze data, leading to improved efficiency, productivity, and cost savings. However, with the increased adoption of IIoT solutions in industrial systems, the risk of cyber-attacks has also increased significantly. IIoT devices and sensors that are used in critical infrastructure sectors such as oil and gas, power and water utilities, transportation, and manufacturing are often vulnerable to cyber-attacks, which can result in operational downtime, physical damage, and even loss of life. As a result, there is a growing need for OT security solutions in Saudi Arabia to protect these critical industrial systems from cyber threats. OT security solutions such as firewalls, intrusion detection systems, and network segmentation are becoming more widely adopted by organizations to protect their IIoT devices and sensors from cyber-attacks. The Saudi Arabian government has also recognized the importance of OT security and has taken several measures to enhance the cybersecurity posture of critical infrastructure sectors. For example, the National Cybersecurity Authority (NCA) has launched various initiatives to raise awareness about the importance of cybersecurity in critical infrastructure sectors and has provided guidelines and frameworks for organizations to improve their OT security measures. Overall, the increase in adoption of IIoT solutions is a key driver of the market growth of OT security in Saudi Arabia, as organizations seek to protect their critical infrastructure from cyber threats and comply with regulatory requirements.

Rising Digitalization among Enterprises is Driving the Market Growth.

Rising digitalization among enterprises is indeed driving the market growth of operational technology security in Saudi Arabia. As more and more businesses embrace digital transformation, the demand for operational technology security such as software development, cybersecurity, cloud computing, and data analytics has increased significantly. Furthermore, the COVID-19 pandemic has accelerated the pace of digitalization across businesses, as remote work and online transactions have become the new normal. This has further boosted the demand for operational technology security, as companies need to ensure the security and efficiency of their digital infrastructure. Overall, the market for operational technology security in Saudi Arabia is expected to continue its growth trajectory, driven by the increasing adoption of digital technologies and the growing demand for innovative solutions. Overall, the rising digitalization among enterprises is driving the growth of the operational technology security market, and this trend is expected to continue in the coming years.

Market Segmentation

The Saudi Arabia operational technology security market is segmented into offering, organization size, deployment mode, end user, and region. Based on offering, the market is segmented into solution and services. Based on organization size, the market is segmented into small and medium organization and large organization. Based on deployment mode, the market is segmented into on-premises and cloud. Based on end user, the market is further split into manufacturing, BFSI, energy & power, logistics & supply chain, mining, oil & gas, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern & Central Region, Eastern Region, Southern Region, and Western Region.

Company Profiles

Some of the major players in the operational technology security market include Honeywell International Inc., Cisco Systems, Inc., CyberArk software Ltd., Kaspersky Lab, Fortinet, Inc., Microsoft Corporation, Forcepoint LLC, Palo Alto Networks, Nozomi Networks, and TÜV SÜD AG. Major companies operating in the market are following strategies such as mergers & acquisitions, new products & services launches, among others, to stay competitive in the market and have an edge over the competitors.

Report Scope:

In this report, the Saudi Arabia operational technology security market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Saudi Arabia Operational Technology Security Market, By Service:

  • Solution
  • Services

Saudi Arabia Operational Technology Security Market, By Organization Size:

  • Large Enterprises
  • Small & Medium-sized Enterprises

Saudi Arabia Operational Technology Security Market, By Deployment Mode:

  • On-Premises
  • Cloud

Saudi Arabia Operational Technology Security Market, By End User:

  • Manufacturing
  • BFSI
  • Energy & Power
  • Logistics & Supply Chain
  • Mining
  • Oil & Gas
  • Others

Saudi Arabia Operational Technology Security Market, By Region:

  • Northern & Central Region
  • Eastern Region
  • Southern Region
  • Western Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia operational technology security market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs.


This product will be delivered within 1-3 business days.

Table of Contents

1. Service Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Impact of COVID-19 on Saudi Arabia Operational Technology Security Market4. Executive Summary5. Voice of Customers
6. Saudi Arabia Operational Technology Security Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Offering (Solution, Services)
6.2.2. By Organization Size (Small and Medium Organization, and Large Organization)
6.2.3. By Deployment Mode (On-Premises and Cloud)
6.2.4. By End User (Manufacturing, BFSI, Energy & Power, Logistics & Supply Chain, Mining, Oil & Gas, Others)
6.2.5. By Region (Northern & Central Region, Eastern Region, Southern Region, and Western Region)
6.3. By Company (2022)
6.4. Market Map
7. Saudi Arabia Western Region Operational Technology Security Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Offering
7.2.2. By Organization Size
7.2.3. By Deployment
7.2.4. By End User
8. Saudi Arabia Northern & Central Region Operational Technology Security Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Offering
8.2.2. By Organization Size
8.2.3. By Deployment
8.2.4. By End User
9. Saudi Arabia Eastern Region Operational Technology Security Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Offering
9.2.2. By Organization Size
9.2.3. By Deployment
9.2.4. By End User
10. Saudi Arabia Southern Region Operational Technology Security Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Offering
10.2.2. By Organization Size
10.2.3. By Deployment
10.2.4. By End User
11. Market Dynamics
11.1. Drivers
11.1.1. Increasing incorporation of operation technology security services and solutions for mitigating cybersecurity risks of internet-connected devices and systems
11.1.2. The increasing adoption of internet-connected devices and systems
11.1.3. Rising awareness about the risks of cyber-attacks
11.2. Challenges
11.2.1. High cost of implementation
11.2.2. Lack of cyber security experts
12. Market Trends & Developments
12.1. Increasing demand from various industries and government initiatives to improve cybersecurity.
12.2. Rising digital transformation in industrial automation and machine to machine (M2M) communication
12.3. Rapid increasing in adoption of industry 4.0
12.4. The increased use of digital technologies in industrial systems
12.5. Increase in adoption of Industrial internet of things (IIoT) solution
13. Policy & Regulatory Landscape14. Saudi Arabia Economic Profile
15. Company Profiles
15.1. Honeywell International Inc.
15.1.1. Business Overview
15.1.2. Key Revenue and Financials (If Available)
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. Key Product/Services
15.2. Cisco Systems, Inc.
15.2.1. Business Overview
15.2.2. Key Revenue and Financials (If Available)
15.2.3. Recent Developments
15.2.4. Key Personnel
15.2.5. Key Product/Services
15.3. CyberArk software Ltd.
15.3.1. Business Overview
15.3.2. Key Revenue and Financials (If Available)
15.3.3. Recent Developments
15.3.4. Key Personnel
15.3.5. Key Product/Services
15.4. Kaspersky Lab.
15.4.1. Business Overview
15.4.2. Key Revenue and Financials (If Available)
15.4.3. Recent Developments
15.4.4. Key Personnel
15.4.5. Key Product/Services
15.5. Fortinet, Inc.
15.5.1. Business Overview
15.5.2. Key Revenue and Financials (If Available)
15.5.3. Recent Developments
15.5.4. Key Personnel
15.5.5. Key Product/Services
15.6. Microsoft Corporation
15.6.1. Business Overview
15.6.2. Key Revenue and Financials (If Available)
15.6.3. Recent Developments
15.6.4. Key Personnel
15.6.5. Key Product/Services
15.7. Forcepoint LLC
15.7.1. Business Overview
15.7.2. Key Revenue and Financials (If Available)
15.7.3. Recent Developments
15.7.4. Key Personnel
15.7.5. Key Product/Services
15.8. Palo Alto Networks
15.8.1. Business Overview
15.8.2. Key Revenue and Financials (If Available)
15.8.3. Recent Developments
15.8.4. Key Personnel
15.8.5. Key Product/Services
15.9. Nozomi Networks
15.9.1. Business Overview
15.9.2. Key Revenue and Financials (If Available)
15.9.3. Recent Developments
15.9.4. Key Personnel
15.9.5. Key Product/Services
15.10. TÜV SÜD AG
15.10.1. Business Overview
15.10.2. Key Revenue and Financials (If Available)
15.10.3. Recent Developments
15.10.4. Key Personnel
15.10.5. Key Product/Services
16. Strategic Recommendations
17. About the Publisher & Disclaimer
(Note: The companies list can be customized based on the client requirements.)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Honeywell International Inc.
  • Cisco Systems, Inc.
  • CyberArk software Ltd.
  • Kaspersky Lab.
  • Fortinet, Inc.
  • Microsoft Corporation
  • Forcepoint LLC
  • Palo Alto Networks
  • Nozomi Networks
  • TÜV SÜD AG