The Bahrain Managed Security market is witnessing high growth on account of rising digitalization transformation among end-user, burgeoning inclination toward disruptive technologies such as cloud computing & IoT across industries and significant growth in e-commerce online platform. Besides these, the introduction of cloud platform by the companies, increasing presence of IT service provider along with bolstering the use of mobile payment solution and soaring investment in the ICT sector are some of the major factor projected to propel the growth of the market in the forthcoming timeline.
According to MarkNtel Advisors’ research report “Bahrain Managed Security Market Analysis, 2021”, the Bahrain Managed Security market is anticipated to grow at a CAGR of 3% during 2021-26F. Based on Type, Security Software is growing at the fastest rate in 2020. The demand for data security is soaring at a sturdy rate due to data security platform for mobile and online banking. The rising adoption of digital banking, increasing use of e-document management systems and paradigm shift of BFSI from traditional to digital payments are propelling the market growth of data security.
“Bahrain Managed Security Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Managed Security providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Small & Medium Size Enterprise Acquired Significant Market Share
Based on End-User, Small & Medium Size enterprise acquired a significant market share in the Bahrain Managed Security market in 2019. The launch of integrated security solutions by the market player for SMEs due to the rising demand for cybersecurity. The increasing number of innovative digital solutions, surging adoption of threat management services and propelling cyberattack is expected to bolster the growth of the Managed Security Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Bahrain Managed Security Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Bahrain Managed Security market are VIVA Bahrain, F5, Fortinet, Wipro, Secureworks, IBM, Cisco, Paladion Networks, Intel etc.
Key questions answered in the study: