Riyadh — A report titled, MEA Cybersecurity Market forecast to 2023, predicted that Saudi Arabia's cybersecurity market will grow to $5.5 billion by 2023.

This year alone will witness the rise of the cybersecurity market value to $3 billion as more investments are being made in the sector.

The report pointed out that enterprises operating in the Kingdom are adopting the best-in-class cybersecurity solutions and that the Kingdom is witnessing increasing awareness about threats among SMEs and large enterprises. This has created a high demand for consulting and advisory services among security experts.