Saudi Arabia Blockchain Market Size to Grow USD 35.52 Billion by 2033, With CAGR of 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 analytics improve blockchain transaction verification speed, reducing processing times by up to 40% for Saudi financial institutions.​

● Government AI strategies complement blockchain development, enabling smarter regulatory compliance and fraud detection frameworks in digital asset management.​

● Saudi startups combine AI and blockchain for smarter contract execution, automating complex business processes and cutting operational costs significantly.​

● AI-driven risk management tools integrated with blockchain enhance cybersecurity, delivering better threat detection and prevention across Saudi digital networks.​

● Partnerships with tech giants like Nvidia boost AI-blockchain infrastructure, enabling scalable decentralized applications in sectors from finance to real estate.

Saudi Arabia Blockchain Market Trends & Drivers:

Saudi Arabia's blockchain market is rapidly advancing, fueled by the government's Vision 2030 initiative to diversify the economy and enhance digital infrastructure. Large-scale projects like NEOM are integrating blockchain for smart city solutions, improving transparency and efficiency in government services such as land registry and identity management. Regulatory support, including frameworks from the Communications and Information Technology Commission, ensures secure and compliant blockchain adoption across industries. These efforts position blockchain as a foundation for a modern, diversified economy, attracting investments and fostering innovation from both local enterprises and international technology leaders.​

The financial sector is a major driver for blockchain growth in Saudi Arabia, with banks and fintech firms leveraging the technology to enhance transaction security, transparency, and speed. The Saudi Central Bank's initiatives, including partnerships with Ripple and digital currency pilots, are shaping a robust ecosystem for blockchain-based digital payments and smart contracts. This push aligns with the country's broader goal of increasing financial inclusion and moving toward a cashless society. Additionally, fintech startups and established players are increasingly adopting blockchain platforms to streamline cross-border payments and reduce fraud, boosting market demand.​

Technology partnerships and capacity-building efforts are accelerating blockchain adoption across Saudi Arabia's private sector. Collaborations with global players like Nvidia are enhancing blockchain and AI infrastructure, enabling decentralized computing and complex smart contract execution. Simultaneously, local blockchain developers specialize in tailored solutions for sectors ranging from real estate tokenization to supply chain transparency. These initiatives are supported by government training programs and incubators that nurture talent and promote innovation. Together, these dynamics create an ecosystem ripe for blockchain-driven transformation, with growing enterprise demand for scalable, secure, and compliant blockchain applications.

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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

● November 2025: Government partners with Nvidia to boost blockchain infrastructure, enabling scalable decentralized applications in finance, real estate, and supply chain sectors.

● October 2025: Saudi Central Bank launches blockchain-based digital payment platform, reducing transaction times by 50% and enhancing security for financial institutions.

● September 2025: A local startup introduces AI-powered smart contracts, automating complex business workflows and cutting operational costs by 30%.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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