The Middle East Zero Trust Security Market is expected to grow at a CAGR of 16.1% in the forecast period of 2021-26, says MarkNtel Advisors in their research report. The primary factor driving the market is the mounting adoption of cloud technologies. Cybercriminal activity is one of the biggest challenges that every business faces, and it causes a significant amount of loss to the company.
Unfortunately, cyber threats will continue to affect business operations, and it surges the need for zero-trust security solutions as they offer advanced protection from cyberattacks. Moreover, rising IoT traffic and increasing technological advancements & modernization of businesses shall also fuel the demand for zero-trust security solutions in the coming years, further states the research report, “Middle East Zero Trust Security Market Analysis, 2021.”
IT and Telecommunication Industry to Witness Substantial Growth in the Middle East Zero Trust Security Market
Based on the End-User, the market bifurcates into BFSI, IT & Telecom, Retail, Healthcare, and Others, including Transportation, Manufacturing Industry, Publishing, etc. Among these segments, the IT and Telecom segment is projected to witness considerable growth in the forecast period. The surging number of devices connected to the internet has been fueling the demand for zero-trust security solutions across the IT & Telecommunication sector. These solutions enable enterprises to authenticate all connected devices and keep track of activities to avoid malpractices within the network. Hence, the end-user cited above is set to observe considerable growth in the years to come.
“Middle East Zero Trust Security Market Analysis, 2021” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Small & Medium Enterprises(SMEs) to Observe Sturdy Growth in the Middle East Zero Trust Security Market
Based on Enterprise Size, the market bifurcates into Small & Medium Enterprises (SMEs) & Large Enterprises. Of both, Small & Medium Enterprises (SMEs) are projected to grow at a robust rate in the coming years. The expanding cloud footing in SMEs has increased the need to improve the cybersecurity infrastructure within the enterprises. With the burgeoning number of data breaches, SMEs are inclining more toward adopting zero security solutions to reduce possible risks. Hence, the demand for zero-trust security solutions is expected to surge significantly across SMEs in the coming years.
According to MarkNtel Advisors, the leading industry players in the Middle East Zero Trust Security Market are Palo Alto Networks, Cisco, Illumio, Zscaler, IBM, Akamai, CyberKnight Technologies, Orange, Citrix, and Check Point Software Technologies Ltd.
Key Questions Answered in the Study: