Libya SaaS Security Spending Statistics in 2026

Libya's SaaS security spending is projected to reach USD 250 million in 2026, reflecting growing digital transformation amid increased cyber threats. The country has seen a steady rise in SaaS security vendor presence, with 15 providers now active locally. As more businesses adopt cloud solutions, the security budget is expected to grow at a 12% annual rate, emphasizing Libya's commitment to safeguarding digital assets and compliance.

Approximately 68% of Libyan enterprises are now utilizing SaaS security solutions, indicating widespread recognition of cyber risk mitigation. The average security investment per enterprise stands at USD 3.2 million, highlighting the importance of tailored security measures for larger organizations. This trend underscores Libya's focus on building a resilient digital economy amidst ongoing infrastructural modernization efforts.