Press Release Description

Middle East Managed & Professional Security Services Market to Grow at a CAGR of 15% in the Forecast Period of 2021-26

Managed & Professional Security Services carefully monitor the security aspects of an organization and help strengthen its IT infrastructure. These services facilitate a company in lowering its expenditure, either by installing on-premises equipment or through in-house security professionals to attain a reliable & effective security management system.

According to MarkNtel Advisors’ research report, "Middle East Managed & Professional Security Services Market Analysis, 2021," the market is likely to grow at a CAGR of 15% in the forecast period of 2021-26. It owes critically to the increasing instances of cyber breaches and attacks among various small & large size organizations across the Middle East. Hence, organizations are looking for Managed & Professional Security Services to eliminate these threats, thereby propelling their demand substantially. Furthermore, adopting new counter steps to secure the entire security infrastructure within Cloud & IoT is further booming the market potential in the forecast years.

Key Questions Answered in the Study

  1. What are the current and future trends in the Middle East Managed & Professional Security Services Market?
  2. How has the market been evolving in terms of geography and services adoption?
  3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Middle East Managed & Professional Security Services Market?
  5. What are the customer orientation, purchase behavior, and expectations from the Middle East Managed & Professional Security Services Market service providers?

Middle East Managed & Professional Security Services Market to Witness Surging Adoption of Managed Services in Large Organizations

Based on Services, the market bifurcates into Professional Services: Design & Development, Integration, IT Assessment, Consulting, Training & Education, Maintenance & Upgrades, Managed Services: Hosting Services, Cyber Security Services, Managed Cloud Services, Managed Detection & Response (MDR), Managed Threat Intelligence, and Others: 24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc. Of them all, Managed Services are more likely to dominate the market with the largest share in the forecast years. It primarily owes to the constantly increasing economic losses, owing to rapid cyberattacks & calamities resulting in data loss for large organizations. Furthermore, the unavailability of highly skilled IT experts is another crucial aspect fueling the need to have a suitable Managed Service System across the Middle East. Hence, with these aspects, the segment shall attain a substantial share in the coming years.

"Middle East Managed & Professional Security Services Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights about the market potential, key factors impacting the market growth, hotspots, and opportunities available for Managed & Professional Security Service providers across the region. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

UAE Projects to Hold the largest Share of the Middle East Managed & Professional Security Services Market 

The Middle East Managed & Professional Security Services Market is expanding widely where country-wise, the UAE is more likely to attain the largest market share in the forecast years. It owes to the growing digitalization across various organizations and the surging infrastructure developments to monitor & avoid any possible cyber breaches & threats. Furthermore, with increasing industrialization, there's an exponential need for a suitable and reliable management system propelling in the country. Therefore, based on these factors, the UAE is likely to witness remunerative opportunities and maximum market share in the forecast period, reveals MarkNtel Advisors in their research report, "Middle East Managed & Professional Security Services Market Analysis, 2021."

According to MarkNtel Advisors, the leading players in the Middle East Managed & Professional Security Services Market are IBM, Cisco, BIOS Middle East Group, Huawei, Gulf Business Machines (GBM), Ras Infotech, AGC Networks, Data TAAG Technologies Middle East LLC, VRS Technologies LLC, Mindfire Technologies LLC, Chipco Solutions LLC, Others.

Market Segmentation:

  1. By Service (Professional Services (Design & Development, Integration, IT Assessment, Consulting, Training & Education, Maintenance & Upgrades), Managed Services, (Hosting services, Cyber Security Services, Managed Cloud services, Managed Detection & Response (MDR), Managed Threat Intelligence), Others (24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc.))
  2. By Deployment (Cloud, On-Premise, Hybrid)
  3. By Enterprise Size (Large, Mid-sized, Small)
  4. By End-User (Oil & Gas, BFSI, Healthcare, Utilities, IT & ITES, Telecom, Industrial, Others)
  5. By Countries (UAE, Saudi Arabia, Qatar, Turkey, Israel, Kuwait, Bahrain, Oman, Egypt)
  6. By Competitors (IBM, Cisco, BIOS Middle East Group, Huawei, Gulf Business Machines (GBM), Ras Infotech, AGC Networks, Data TAAG Technologies Middle East LLC, VRS Technologies LLC, Mindfire Technologies LLC, Chipco Solutions LLC, Others)