Saudi Arabia's Data Center Server Market Poised for Growth by 2030

The data center server market in Saudi Arabia is forecasted to generate USD 784.1 million in 2024 and is expected to grow to USD 1,368.0 million by 2030, registering a CAGR of 9.7% from 2024 to 2030. This growth is propelled by factors such as global digital cloud adoption, advancements in artificial intelligence and machine learning, accelerating digitalization, and the widespread adoption of 5G technology.

The rapid advancements in ICT have enabled affordable, faster internet access, increasing internet usage. Additionally, digital payments and social media usage are rising steadily in the region. This demand has spurred the development of internet equinoxes worldwide, improving data center interconnections and, consequently, the need for enhanced server security and data management.

Saudi Arabia’s data centers are evolving, with servers being continuously improved to support efficient data processing. According to Ericsson, average mobile data traffic per smartphone in the region is expected to rise from 21 GB in 2023 to 56 GB by 2029, largely due to the expansion of 5G. By the end of 2020, Saudi Arabia launched 5G services in seven additional cities and provinces, bringing the total number to 51.

Key Insights:

• Rack Servers: Holding a 45% share in 2024, rack servers are popular for their compact design, ease of maintenance, and cost-effectiveness, making them ideal for small to medium enterprises (SMEs).
• Tower Servers: Growing at a CAGR of 10.0%, tower servers offer cost-effective solutions, quick cooling, easy upgrades, and minimal overheating, catering to diverse business needs.
• BFSI Sector: Accounting for 35% of the market share in 2024, the BFSI sector’s expansion is fueled by the adoption of cloud-based solutions that enhance data management and reliability.
• Healthcare Sector: Growing rapidly at a CAGR of 10.3%, the healthcare sector’s demand for secure storage has surged due to the widespread use of health wearables, generating significant data.
• Regional Insights: Riyadh, holding 40% of the market share in 2024, is the leading region with 14 data centers, followed by Dammam, which hosts five data centers contributing to Saudi Arabia’s data infrastructure.

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Phishing Protection Market Will Grow the Fastest in the Asia-Pacific Region

The phishing protection market was USD 2,307.5 million in 2023, which will power at a rate of 13.7% by the end go this decade, to touch USD 5,609.3 million by 2030. This is because of the growing phishing attacks and continuing tech progressions.

Furthermore, a surge in remote working and an increase in the acceptance of cloud-based communication increase the cases of phishing threats, which drives the requirement for solutions of phishing protection.

Furthermore, tech progressions, developing vectors, and regulatory compliance power the requirement for flexible and state-of-the-art phishing protection strategies. These elements have aided players in incessant battle to stop determined and dynamic cyber threats.

The healthcare category will grow the fastest at a rate of 14.4% by the end of this decade. This development is related with the growing count of phishing attacks in the healthcare sector, as a result of human faults, third-party susceptibilities, outdated tech, and the unawareness of healthcare staff pertaining to online threats.

APAC will have the fastest growth, progressing at a rate of 14.2% by the end of this decade. This is majorly because of the continuing and dynamic digital revolution of various industries and the growing acceptance of cutting-edge cybersecurity measures for protecting digital assets.

The growing count of phishing attacks all over the world has a lot to do with the growing demand for phishing protection solutions all over the world. This trend will continue to grow in the years to come as well.

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