By Enterprise Size (Large Enterprise, Small- & Medium-Sized Enterprise), By Security Type (Identify & Access Management, Security information & event management (SIEM), Remote Vulnerability Assessment... ... erability Assessment, Data Loss Prevention, Others (Operations Management, Risk & Compliance Management)), By Deployment Type (Public Cloud, Private Cloud, Hybrid & Multi-Cloud), By End User (BFSI, Healthcare, IT and Telecom, Government, Retail, Oil & Gas, Others (Public Utilities, Education Institutes, etc.)), By Region (Abu Dhabi, Dubai, Sharjah & Rest of Emirates), By Competitors (IBM Middle East FZ LLC, UAE, Oracle Systems Limited, Microsoft Gulf FZ LLC (Microsoft Gulf), AWS Dubai, Juniper Networks Inc., Cisco Middle East, UAE, Broadcom, UAE, Palo Alto Networks UAE, CyberArk Software Inc., Fortinet Inc., Others) Read more
- ICT & Electronics
- Jun 2022
- 82
- PDF, Excel, PPT
Market Definition
Cloud security offers protection to cloud-based services & cloud computing architectures. It is available as a standalone solution or as part of a suite of products & addresses various parameters such as data, architecture, compliance, governance, and identity & access. A cloud security solution offers features such as vulnerability scanning, intrusion detection, encryption, identity & access management (IAM), endpoint monitoring, and application & messaging security. Furthermore, the rising adoption of cloud-based services in small & medium-scale enterprises results in elevating the market growth.
Market Insights
The UAE Cloud Security Market is projected to grow at a CAGR of around 13.26% during the forecast period, i.e., 2022-27. The factors responsible for the market growth are the rapid investments by the global & regional cloud services providers in the country, proactive government measures towards strengthening cybersecurity, increasing adoption of cloud services by enterprises for achieving scalability & cost-effectiveness, and mitigating cyberattacks, among others, have driven the demand for cloud security solutions during the historical periods. Moreover, the UAE has been at the forefront of implementing cloud services, both in government entities & private companies. Thus, the deepening cloud cluster in the country has bolstered the need for stronger cybersecurity, which has prompted a marked increase in cloud security demand.
- In 2019, the UAE's Telecommunications & Digital Government Regulatory Authority (TDRA) launched the National Cyber Security Strategy to build a comprehensive cybersecurity ecosystem for the ICT sector & catalyze digital transformation by implementing 60 initiatives based on 5 pillars for tightening the cybersecurity foundation.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 13.26% |
| Region Covered | Abu Dhabi, Dubai, Sharjah & Rest of Emirates |
| Key Companies Profiled | IBM Middle East FZ LLC, UAE, Oracle Systems Limited, Microsoft Gulf FZ LLC (Microsoft Gulf), AWS Dubai, Juniper Networks Inc., Cisco Middle East, UAE, Broadcom, UAE, Palo Alto Networks UAE, CyberArk Software Inc., Fortinet Inc., Others) |
| Unit Denominations | USD Million/Billion |
Moreover, the ever-growing initiatives of the UAE government to bring automation in government activities for enhancing their service delivery & increasing accessibility on the government portals through cloud implementation have tailed the risks of cyberattacks & security breaches to sensitive public information. Additionally, various initiatives in the region, such as eSignature & digital certification, and Child Digital Safety, among others are expected to proliferate the demand for cloud security in the forthcoming years.
Key Trends in the Market: Rise of Serverless Computing
With the rapid escalation of software developing ecosystem in the UAE, the demand for serverless computing has also witnessed a noteworthy inclination. It allows software developers to deploy functions, such as code execution, application development & management, among others on the cloud as and when required. Importantly, it eliminates the need for hosting and managing complex IT infrastructure, especially servers, racks, networking devices, etc., and lets the user to work over cloud platform. In 2022, the UAE government launched Coders HQ to build an ecosystem for next-gen coders and aims to become a global hub for innovative solutions. Therefore, the country would see an upsurge in the demand for serverless computing, thereby, paving strong grounds for serverless security solutions for cloud infrastructure in the upcoming years.
Impact of Covid-19 on the UAE Cloud Security Market
The COVID-19 pandemic resulted in escalating the demand for cloud-based services in the UAE. This is due to the significant acceleration in the adoption of cloud services in the region. During the pandemic, various business operations started using cloud services to cut costs & operate remotely, which increased the demand for cloud security solutions. As a result, several small & medium, and large enterprises made a sudden shift towards work-from-home policies, which positively impacted the market growth. Additionally, some organizations witnessed unprecedented challenges like increasing cases of cyber threats & attacks, which negatively affected their business growth.
Therefore, businesses deployed cloud security as a countermeasure to deter cyber breaches. Furthermore, the growing demand for hybrid & multi-cloud platforms in the country to have a seamless user experience with ease in infrastructure scalability has elevated the market growth. Moreover, the rapid trend of serverless computing has heightened the demand for cloud-based services for business operations. This is anticipated to fuel the requirement for cloud security in the UAE.
- Introduction
- Product Definition
- Research Process
- Assumption
- Market Segmentation
- Executive Summary
- Impact of Covid-19 on the UAE Cloud Security Market
- Impact of Industry 4.0 on the UAE Cloud Security Market
- The UAE Cloud Security Market Trends & Insights
- The UAE Cloud Security Market Dynamics
- Drivers
- Challenges
- The UAE Cloud Security Market Regulations & Policy
- The UAE Cloud Security Market Hotspots & Opportunities
- The UAE Cloud Security Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenues
- Market Share & Analysis
- By Enterprise Size
- Large Enterprise
- Small and Medium-Sized Enterprise
- By Security Type
- Identify and Access Management
- Security information and event management (SIEM)?
- Remote Vulnerability Assessment?
- Data Loss Prevention
- Others (Operations Management, Risk & Compliance Management
- By Deployment Type
- Public Cloud
- Private Cloud
- Hybrid & Multi Cloud
- By End User
- BFSI
- Healthcare
- IT and Telecom
- Government
- Retail
- Oil & Gas
- Others (Public Utilities, Education Institutes, etc.)
- By Region
- Abu Dhabi
- Dubai
- Sharjah & Rest of Emirates
- By Company
- Competition Characteristics
- Revenue Shares
- By Enterprise Size
- Market Size & Analysis
- Abu Dhabi Cloud Security Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Enterprise Size
- By Security Type
- By Deployment Type
- By End User
- Market Size & Analysis
- Dubai Cloud Security Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Enterprise Size
- By Security Type
- By Deployment Type
- By End User
- Market Size & Analysis
- Sharjah & Rest of Emirates Cloud Security Market Outlook, 2017-2027
- Market Size & Analysis
- By Revenue
- Market Share & Analysis
- By Enterprise Size
- By Security Type
- By Deployment Type
- By End User
- Market Size & Analysis
- The UAE Cloud Security Market Key Strategic Imperatives for Growth & Success
- Competitive Benchmarking
- Competition Matrix
- Product Portfolio
- Target Markets
- Target Security Type
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Companies Profile (Business Description, Products Diversification, Solutions, Assets, Target Market, Partnership, Merger & Acquisition, etc.)
- IBM Middle East FZ LLC, UAE
- Oracle Systems Limited
- Microsoft Gulf FZ LLC (Microsoft Gulf)
- AWS Dubai
- Juniper Networks Inc.
- Cisco Middle East, UAE
- Broadcom, UAE
- Palo Alto Networks UAE
- CyberArk Software Inc.
- Fortinet Inc.
- Others
- Competition Matrix
- 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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