Saudi Arabia has become a crucial market for CyberArk, accounting for nearly 40% of the company’s business in the Middle East in 2024. Over the past six years, CyberArk has seen a consistent 25% year-on-year growth in the region, with Saudi Arabia emerging as a key driver of this success. Currently, the company serves over 50 customers in Saudi Arabia, including prominent organizations in finance, government, and manufacturing, with an average of five new customers onboarding every quarter.
At Black Hat MEA 2024, CyberArk will showcase its advanced solutions, including Cora AI, Secrets Management, and machine identity technologies from Venafi, which CyberArk acquired earlier this year. These innovations are designed to address the growing complexity of the cybersecurity landscape, particularly with the rise of both human and machine identities. In Saudi Arabia and globally, the evolving threat landscape makes these solutions essential for organizations to manage emerging risks and maintain secure operations.
CyberArk is also making significant investments in Saudi Arabia, with plans to establish a stronger local presence within the next 18 months. The company aims to provide a comprehensive platform that delivers end-to-end identity security services. By streamlining security tools and reducing cyber debt, CyberArk seeks to help organizations manage identity infrastructure more effectively, addressing the inefficiencies that come from using multiple tools for identity management.
Looking ahead, CyberArk anticipates strong growth in Saudi Arabia, with plans to double its business in the next 12 to 24 months. Black Hat MEA presents an ideal opportunity for CyberArk to engage with current and potential customers, strengthen partnerships, and demonstrate its commitment to supporting Saudi Arabia’s digital transformation and cybersecurity needs.
