Inquire Before Buying - Middle East Managed and Professional Security Services Market Outlook, 2026

Middle East Managed & Professional Security Services Market Research Report: Forecast (2021-2026)

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.)), By Deployment (Cloud, On-Premise, Hybrid), By Enterprise Size (Large, Mid-sized, Small), By End-User (Oil & Gas, BFSI, Healthcare, Utilities, IT & ITES, Telecom, Industrial, Others), By Countries (UAE, Saudi Arabia, Qatar, Turkey, Israel, Kuwait, Bahrain, Oman, Egypt), 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) Read more

ICT & Electronics
Feb 2022
Pages 232
Report Format: PDF, Excel, PPT

Market Definition

Managed & Professional Security Services, outsourced to a third-party vendor, provide organizations with 24x7 access to security experts that help them protect their critical data from ever-evolving threats & information security breaches. These services include intrusion detection, managed firewall, vulnerability scanning, virtual private network, and anti-virus solutions. They also help reduce the burden of enterprises to hire, train, & retain in-house security personnel to maintain an acceptable security posture.

Market Insights

The Middle East Managed & Professional Security Services Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26. The growth of the market attributes primarily to the increasing demand for security services in various end-user verticals like finance, IT & Telecom, oil & gas, etc. The lack of skilled security specialists and high capital requirements have been the most prominent challenges for businesses to expand their in-house security teams. It has shifted their inclination toward adopting managed & professional security services that offer experienced cybersecurity specialists, access to cutting-edge technologies, and security insights attained from organizations with unique cyber risk profiles.

Managed & professional security services include several benefits, such as broad security protection, cost-effectiveness, continuous security monitors. The mounting trend of BYOD (Bring-Your-Own-Device) and the surging number of cyber activities are other crucial factors driving the market. Moreover, the burgeoning need for advanced threat protection owing to surging instances of cyber-attacks shall also fuel the demand for managed & professional security services and, in turn, contribute to the overall market growth in the coming years.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR (2021-2026)	15%
Countries Covered	UAE, Saudi Arabia, Qatar, Turkey, Israel, Kuwait, Bahrain, Oman, Egypt
Key Companies Profiled	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
Unit Denominations	USD Million/Billion

Impact of Covid-19 on the Middle East Managed & Professional Security Services Market

In 2020, the Covid-19 pandemic resulted in the imposition of lockdown & stringent movement restrictions across the Middle East, which forced organizations to change the way they used to work and adopt the work-from-home policy. It, in turn, propelled the need for remote monitoring & management of IT security services by third-party providers. Also, service providers became well prepared to provide resources as per the varying market conditions.

Moreover, the lockdown imposition also affected traveling and forced organizations to reconsider their operational choices. The increasing trend of work-from-home culture and the burgeoning usage of unprotected internet connectivity & advanced technologies like the Cloud resulted in significant vulnerabilities of businesses in the finance, IT, telecom, and oil & gas sectors. In addition, the healthcare industry, followed by finance, became the most attractive target for hackers, which fueled the adoption of managed & professional security services among banks & hospitals/clinics to secure their infrastructure from cyberattacks.

Hence, the managed & professional security services market in the Middle East witnessed a hike during the pandemic. The leading market players like IBM & Cisco are still providing these services to their respective clients. However, the acquisition of new clients, especially in Small & Mid-Sized Enterprises (SMEs), has been a challenging factor for the market growth since SMEs do not have the necessary budget & resources to adopt these services. However, the demand for managed & professional security services is significantly increasing in large enterprises that deal with critical data across multiple locations.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Executive Summary
Impact of IoT on Middle East Managed & Professional Security Services Market
Impact of COVID-19 on Middle East Managed & Professional Security Services Market
Middle East Managed & Professional Security Services Market Business Cases
Middle East Managed & Professional Security Services Market Analysis Trends & Insights
Middle East Managed & Professional Security Services Market Analysis Hotspots & Opportunities
Middle East Managed & Professional Security Services Market Strategic Imperatives for Success & Growth
Middle East Managed & Professional Security Services Market Country-Wise Key Players
Middle East Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
    1. Professional Services
      1. Design & Development
      2. Integration
      3. IT Assessment
      4. Consulting
      5. Training & Education
      6. Maintenance & Upgrades
    2. Managed Services
      1. Hosting services
      2. Cyber Security Services
      3. Managed Cloud services
      4. Managed Detection & Response (MDR)
      5. Managed Threat Intelligence
      6. Others (24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc.)
  2. By Deployment
    1. Cloud
    2. On Premise
    3. Hybrid
  3. By Enterprise Size
    1. Large
    2. Mid-sized
    3. Small
  4. By End Users
    1. Oil & Gas
    2. BFSI
    3. Healthcare
    4. Utilities
    5. IT & ITES
    6. Telecom
    7. Industrial
    8. Others
  5. By Countries
    1. UAE
    2. Saudi Arabia
    3. Qatar
    4. Turkey
    5. Israel
    6. Kuwait
    7. Bahrain
    8. Oman
    9. Egypt
  6. By Competitor
    1. Competition Characteristics
    2. Competitor Alignment in Competition Matrix
UAE Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Saudi Arabia Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Qatar Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Israel Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Kuwait Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Bahrain Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Oman Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Egypt Managed & Professional Security Services Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Services
  2. By Deployment
  3. By Enterprise Size
  4. By End User
Middle East Managed & Professional Security Services Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Middle East Managed & Professional Security Services Market Policies & Regulations
Competitive Benchmarking
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target Security Type
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles (Business Description, Product Offering, Target Markets, Assets, Strategic Alliances or Partnerships, etc.)
  1. IBM
  2. Cisco
  3. BIOS Middle East Group
  4. Huawei
  5. Gulf Business Machines (GBM)
  6. Ras Infotech
  7. AGC Networks
  8. Data TAAG Technologies Middle East LLC
  9. VRS Technologies LLC
  10. Mindfire Technologies LLC
  11. Chipco Solutions LLC
  12. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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