Saudi Arabia Core Assurance Service Market revenue size is projected to grow at a CAGR of 5.4% during 2025-2031

Public sector segment by Organization Type held the highest revenue share in Saudi Arabia Core Assurance Service Market -6Wresearch

The public sector accounted for the largest share of the Saudi Arabia Core Assurance Service Market, driven by the extensive base of government ministries, state-owned enterprises, and public authorities subject to mandatory statutory audits and financial oversight. Public-sector organizations operated under strict compliance, accountability, and reporting requirements enforced by central audit and regulatory bodies, resulting in sustained and higher demand for core assurance services compared to private-sector entities.

According to 6Wresearch, Saudi Arabia Core Assurance Service Market revenue size is projected to grow at a CAGR of 5.4% during 2025-2031. Between 2021 and 2024, the Saudi Arabia Core Assurance Service Market is being driven by Vision 2030–led government spending, regulatory expansion, and rapid growth in regulated entities across infrastructure, tourism, energy, and manufacturing. Saudi Arabia’s annual government budget increased extensively, supporting large-scale public and PPP projects that require mandatory statutory audits, financial reporting, and compliance assurance. The tourism sector alone received billions in investments by 2023, with accommodation licenses, directly expanding the base of hospitality entities subject to statutory audits.

The growth in Saudi Arabia’s Core Assurance Service Market would be structurally supported by capital-market deepening, energy transition, industrial scale-up, and rising regulatory scrutiny. Saudi Arabia plans to increase installed power capacity, with renewable capacity, significantly expanding audit demand related to asset capitalization, long-term contracts, consolidation, and impairment testing. Manufacturing is targeted to triple industrial production by 2030, supported by billions in planned investments, which would materially increase the number of entities requiring statutory audits and audited financial reporting.

According to Parth, Senior Research Analyst, 6Wresearch, the oil & gas segment held the largest share of the Saudi Arabia Core Assurance Service Market, driven by the sector’s scale and criticality to the national economy, alongside rigorous governance and compliance expectations. Upstream, midstream, and downstream operators relied heavily on statutory audits, internal controls testing, joint venture/partner assurance, cost and revenue assurance, and HSE/Sustainability-related assurance to strengthen financial integrity, operational reliability, and risk management across complex asset bases and supply chains. Oversight from energy and environmental regulators, coupled with national compliance frameworks and heightened stakeholder scrutiny, reinforced oil & gas as the most significant and consistently engaged end-user segment in the country.

Saudi Arabia Core Assurance Service Market (2025-2031) report provides an in-depth analysis with 29 figures and 12 tables, covered in 76 pages. The report thoroughly covers the market by Organization Type and by End user. The Saudi Arabia Core Assurance Service Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.