Saudi Arabia Blockchain Market Demand, Growth & Opportunity by 2033

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.

How AI is Reshaping the Future of Saudi Arabia Blockchain Market

• AI-powered smart contracts and automated blockchain validation systems enhance transaction efficiency and security, reducing processing time by up to 75% while enabling complex multi-party agreements across financial services, supply chain, and government applications in Saudi Arabia.
• Vision 2030's digital transformation initiatives integrate AI with blockchain technology to create intelligent decentralized systems for identity verification, digital payments, and cross-border transactions, supporting the Kingdom's goal of becoming a leading digital economy in the region.
• Machine learning algorithms optimize blockchain network performance and energy consumption, enabling more sustainable cryptocurrency mining and digital asset management while reducing operational costs by 40-60% for blockchain-based enterprises across various sectors.
• Advanced AI analytics combined with blockchain's immutable ledger capabilities provide enhanced fraud detection and risk management solutions for Saudi Arabia's expanding fintech sector, cryptocurrency exchanges, and digital banking platforms.
• Strategic partnerships between Saudi tech companies and global blockchain-AI providers focus on developing localized solutions for Islamic finance compliance, Hajj and Umrah digital services, and government transparency initiatives, creating innovative applications tailored to regional requirements.

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Saudi Arabia Blockchain Market Trends & Drivers:

One of the biggest drivers in Saudi Arabia’s blockchain market is the government’s strong backing through Vision 2030, which highlights blockchain as a key tool to enhance transparency, reduce fraud, and streamline public services. The Saudi Blockchain Initiative is actively promoting blockchain adoption across sectors like finance, healthcare, and logistics. Partnerships with global tech companies such as Nvidia, announced in May 2025, aim to enhance blockchain and AI infrastructure in the Kingdom, boosting innovation and decentralization in digital industries while building a solid ecosystem for blockchain technologies.

Digital transformation and innovation in Saudi Arabia’s business landscape are accelerating blockchain growth. The integration of blockchain with AI, IoT, and smart city projects is creating new opportunities for automation and secure data management. Major investments, such as the USD 3.3 billion sports complex incorporating blockchain-enabled real estate platforms, show how blockchain is becoming crucial in real estate, entertainment, and urban planning. Financial institutions are also leveraging blockchain for secure digital payments and records, reflecting the broadening of blockchain applications beyond traditional sectors into everyday life and commerce.

A notable emerging trend is the surge in blockchain business registrations, which rose 51% by the second quarter of 2025, with over 4,000 blockchain companies now active. Riyadh leads this expansion, hosting more than half of the registered firms. Rising investor confidence, particularly from GCC and international players, is fueled by improved regulations, digital infrastructure, and government incentives. This surge also highlights a shift toward gender inclusion, with women entrepreneurs accounting for nearly half of new blockchain-related licenses, underscoring evolving social dynamics and a commitment to inclusive innovation.

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

• August 2025: Saudi Central Bank (SAMA) announced the successful completion of Phase 2 trials for its Central Bank Digital Currency (CBDC) project, featuring advanced blockchain infrastructure and cross-border payment capabilities with plans for full implementation by 2026.
• July 2025: NEOM unveiled its comprehensive blockchain-based digital identity and smart contracts ecosystem, integrating AI-powered authentication systems and decentralized governance frameworks to support the mega-city's futuristic urban planning and resident services.
• June 2025: Saudi Arabia's Capital Market Authority (CMA) approved the first regulated cryptocurrency exchange license, establishing clear regulatory frameworks for digital asset trading while implementing advanced blockchain monitoring and compliance systems.

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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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