Bahrain’s cybersecurity market is experiencing rapid growth, driven by digital transformation and the National Cybersecurity Strategy (2022-2026), a report issued by Mordor Intelligence, a global research firm specialising in strategic and technology market analysis revealed.
The market is estimated at $424.9 million in 2025, with projections indicating it could reach $559.9m by 2030, reflecting a compound annual growth rate (CAGR) of 5.67 per cent.
According to the report, security solutions account for the largest market share, nearly 64pc in 2024. At the sector level, the banking, financial services and insurance (BFSI) sector led the market with a 24.8pc share of revenues in 2024.
Meanwhile, the healthcare sector is forecast to record the fastest growth at 17.5pc annually until 2030, driven by the digitisation of medical services and electronic health records, reported our sister paper Akhbar Al Khaleej.
In this context, businessman Farid Bader stressed the importance of investing in cybersecurity, saying: “Cybersecurity is no longer a luxury. It has become the first line of defence for safeguarding vital sectors, particularly business and industry. Any breach or cyberattack could expose supply chains, production processes and commercial transactions to severe risks.”
“Strengthening local capabilities in this field is a guarantee for sustainable economic growth and Bahrain’s appeal as an investment destination. Investment in cybersecurity not only protects assets but also enhances investors’ confidence, with studies showing that 85pc of them prefer companies that adopt strong security practices,” he added.
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