Saudi Arabia Blockchain Market Size to Surpass USD 35.52 Billion by 2033, With a Huge CAGR 65.50%

Saudi Arabia Blockchain Market Overview

Market Size in 2024: USD 0.23 Billion

Market Size in 2033: USD 35.52 Billion

Market Growth Rate 2025-2033: 65.50%

According to IMARC Group's latest research publication, "Saudi Arabia Blockchain Market Size, Share, Trends and Forecast by Component, Type, Application, End User, and Region, 2025-2033", The Saudi Arabia blockchain market size reached USD 0.23 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 35.52 Billion by 2033, exhibiting a growth rate (CAGR) of 65.50% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Blockchain Market

• AI-powered blockchain platforms in Saudi Arabia enhance fraud detection, reducing transaction risks by 30% across fintech and government services.​
• The Saudi AI and Blockchain Centre promotes AI integration into blockchain, boosting public and private sector digital transformation.​
• AI algorithms optimize smart contract execution speed, enabling more efficient, secure real estate and supply chain applications.​
• Government-backed blockchain pilots using AI analytics improve transparency in public procurement, driving accountability and cost savings.​
• Saudi startups leverage AI and blockchain to innovate in digital identity verification, enhancing security and compliance across sectors.

Saudi Arabia Blockchain Market Trends & Drivers:

Saudi Arabia's blockchain market growth is largely driven by the government's strong emphasis on digital transformation under Vision 2030. Key initiatives like the Saudi Blockchain Initiative promote widespread blockchain adoption to enhance transparency, boost public sector efficiency, and reduce fraud. The government actively partners with global tech giants such as Nvidia to advance blockchain infrastructure and AI integration, positioning the Kingdom as a regional digital innovation leader. This strategic support is accelerating blockchain use across finance, healthcare, logistics, and smart city projects like NEOM.​

Digital innovation within the financial sector acts as another growth catalyst for blockchain adoption. The Saudi Central Bank (SAMA) has piloted blockchain projects including digital currencies and cross-border payment collaborations with Ripple, aiming to enhance transaction security and reduce processing costs. Fintech firms and major digital wallet providers such as STC Pay leverage blockchain to prevent fraud and improve payment efficiency. This rapid fintech evolution promotes blockchain as an essential technology in Saudi Arabia's shift toward a cashless economy, bolstering market growth.​

Enterprise adoption across diverse industries fuels market expansion as businesses seek to harness blockchain’s benefits for data integrity and operational efficiency. Blockchain solutions are increasingly used for smart contracts in real estate, supply chain management, and energy tracking. The growth of Banking-as-a-Service platforms combined with clearer regulatory frameworks helps reduce barriers for startups and SMEs, encouraging innovation across sectors. Partnerships with global players like IBM and Ripple support knowledge transfer and infrastructure development, facilitating scalable blockchain deployment aligned with national goals.​

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Saudi Arabia Blockchain Industry Segmentation:

The report has segmented the market into the following categories:

Component Insights:

• Platforms
• Services
• Professional Services
• Managed Services

Provider Insights:

• Application Provider
• Infrastructure Provider
• Middleware Provider

Type Insights:

• Public
• Private
• Hybrid
• Consortium

Deployment Mode Insights:

• On-Premises
• Cloud
• Hybrid

Organization Size Insights:

• SMEs
• Large Enterprises

Vertical Insights:

• Transportation and Logistics
• Agriculture and Food
• Manufacturing
• Energy and Utilities
• Healthcare and Life Sciences
• Media, Advertising, and Entertainment
• Banking and Financial Services
• Insurance
• Retail and Ecommerce
• Government
• Real Estate and Construction
• Others

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Blockchain Market

• 2025 November: Riyadh hosted the Global Blockchain Show, spotlighting innovations in decentralized finance and government blockchain applications, advancing the Kingdom’s digital transformation ambitions.
• 2025 October: The Future Investment Initiative featured breakthrough blockchain projects focused on smart contracts and digital identity solutions, drawing significant local and international investment.
• 2025 May: Saudi Arabia’s AI and Blockchain Centre launched new initiatives to integrate AI analytics with blockchain, improving data security and operational efficiency.

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