The UAE Managed Security Services Market is expecting around 13% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The rapidly growing demand for managed security services owing to the rising cases of cyberattacks across banks, telecom infrastructures, energy assets, etc. is the prime aspect driving the market. Moreover, the presence of favorable strategies like Emirates Blockchain Strategy 2021 and Dubai Smart City Initiative Vision 2021 by the government of UAE to develop robust security systems, protect the critical infrastructure, and define cybersecurity standards is another crucial aspect projected to drive the market.
Besides, since customers are actively inclining toward online platforms as a primary source for purchase, investment, etc., several organizations of all sizes (small, medium, & large) are adopting cloud technologies to expand their customer base. It, in turn, is increasing the vulnerabilities of organizations to cyber threats & attacks, owing to which the demand for managed security services is swiftly rising.
Moreover, UAE is amongst the prominent targets for cyberattacks across the Middle East, with political motivations to adopt critical & confidential data & attack the infrastructure, owing to the mounting digitalization and rising vulnerabilities. As a result, the demand for managed security services is escalating rapidly and fueling the market growth, further states the research report, “UAE Managed Security Services Market Analysis, 2022.”
Growing Inclination toward Online Platforms to Boost the Market for Cloud Deployment
Based on the Deployment Type, Cloud has acquired the largest share in the UAE Managed Security Services Market in recent years and is likely to prevail the same trend during the forecast period. It attributes principally to the growing inclination of most organizations toward online platforms to expand their visibility & customer base.
Since organizations generate voluminous data stored on online technological platforms like Cloud, the demand for robust managed security systems is surging extensively in the country on account of their benefits like cost-effectiveness, remote monitoring & management, and easy accessibility, reveals MarkNtel Advisors in their research report, "UAE Managed Security Services Market Analysis, 2022."
According to MarkNtel Advisors, the leading players in the UAE Managed Security Services Market are Injazat Data Systems, Emirates Integrated Telecommunications, DTS Solutions, BT Group, Managed FZ-LLC, Fortinet, Wipro, Secureworks, IBM, Cisco, Ixtel Technologies, & Paladion Networks.
Key Questions Answered in the Study