Middle East Cyber Security

Middle East Cyber Security Market Research Report: Forecast (2021-2026)

By Component Type (Solutions [Identity & Access Management, Risk & Compliance, Encryption, Data Loss Prevention, Unified Threat Management, Firewall, Anti- Viruses, Intrusion Detection System/Intrusio Read more

  • ICT & Electronics
  • Feb 2022
  • 178
  • IT66015

Market Definition

Cyber Security is majorly technologies, services, solutions, processes, & controls to protect data in systems, networks, devices, programs, and other resources from cyber threats & attacks. With the help of these solutions, the risk of cyberattacks is reduced & eliminated, delivering protection against unauthorized exploitation of data or resources of an organization.

The Middle East has been witnessing an increasing number of cyber-attacks & cyber threats. As a result, governments of several countries in the region are massively investing in information & communication technologies. Owing to this, the risks of cyberattacks & data breaches across various end-user verticals are exponentially soaring.

Market Insights

The Middle East Cyber Security Market is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2021-26. The market is driven primarily by the shift of end-users like Oil & Gas, BFSI, Healthcare, Utilities, IT & Telecom industries toward cloud computing, coupled with the surging use of technologies like the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), etc., in cyber security solutions to mitigate increasing cases of cyberattacks & threats. These aspects, in turn, are propelling the demand for robust cyber security solutions & services across organizations. 

Countries like Saudi Arabia & the UAE are undergoing rapid digitalization, which has substantially surged the use of connected devices and, in turn, paved new paths for data breaches & identity thefts. Governments, especially in these countries, are massively investing in information & communication technologies, which is why most schools, banks, government offices, & hospitals are increasingly deploying cloud solutions, with a very little focus on their security requirements.

Besides, the swiftly expanding e-commerce platforms and growing vulnerabilities of organizations toward cyber threats are other crucial aspects contributing significantly to the burgeoning demand for robust cyber security solutions across the Middle East and, in turn, driving the market.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 14%
Countries Covered UAE, Saudi Arabia, South Africa
Key Companies Profiled IBM, Cisco, Fireeye, Huawei, Fortinet, Palo Alto Networks, Check Point Software Technologies, Trend Micro. Sophos, Kaspersky, Mcafee, Forcepoint, Dts Solution, Ras Infotech, Codegreen Systems, AT&T Cybersecurity, Protiviti, Logrhythm, Malwarebytes, etc.
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on the Middle East Cyber Security Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries across the Middle East, and the Cyber Security Market was no exception. The governments of different countries in the Middle East imposed stringent movement restrictions & frequent lockdowns to curb the spread of this dreadful disease. 

As a result, several small & medium, and large enterprises made a sudden shift toward work-from-home policies. Additionally, some organizations witnessed unprecedented challenges like increasing cases of cyber threats & attacks, which negatively affected their business growth. 

Nonetheless, organizations began to seek robust cyber security solutions & services to address such threats & eliminate further possible attacks. It, in turn, positively impacted the Cyber Security Market across the Middle East, especially across the manufacturing, government, healthcare, and BFSI (Banking, Financial Services, & Insurance) sectors. 

Moreover, with the gradual improvement in the pandemic situation, governments have uplifted restrictions & allowed the recommencement of business operations from physical workplaces. Due to this, the market shall regain its usual growth pace with the active participation of prominent players in the coming years. Some developments by the market players to curb cyber-attacks & deliver robust security solutions & services to organizations amidst the pandemic include:

  • In May 2021, leading player Palo Alto Networks launched a solution called Zero Trust Network Security to secure all devices enabled with a hybrid network from cyber-attacks while working remotely, thereby enhancing the productivity of companies. 
  • In December 2020, another leader, IBM Corporation, introduced a threat intelligent task force called IBM Security X-Force to detect cyber threats & potential attacks beforehand. 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Middle East Cyber Security Market
  4. Middle East Cyber Security Market Business Cases
  5. Middle East Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
        1. Solutions
          1. Identity & Access Management
          2. Risk & Compliance
          3. Encryption
          4. Data Loss Prevention
          5. Unified Threat Management
          6. Firewall
          7. Anti- Viruses
          8. Intrusion Detection System/Intrusion Prevention System
          9. Security And Vulnerability Management
          10. Disaster Recovery
          11. Distributed Denial Of Service Mitigation
          12. Web Filtering
          13. Others
        2. Services
          1. Professional Services
            1. Design & Development
            2. Integration
            3. Risk & Threat Assessment
            4. Consulting
            5. Training & Education
            6. Maintenance & Upgrades
          2. Managed Services
      2. By Security Type
        1. Network Security
        2. End Point Security
        3. App Security
        4. Cloud Security
        5. Content Security
        6. Industrial Control System Security
      3. By Deployment
        1. Cloud
        2. On Premise
        3. Hybrid
      4. By End Users
        1. Oil & Gas
        2. BFSI
        3. Healthcare
        4. Utilities
        5. IT & Telecom
        6. Others
      5. By Enterprise Size
        1. Large
        2. Mid Size
        3. Small
      6. By Countries
        1. UAE
        2. Saudi Arabia
        3. Qatar
        4. Turkey
        5. Israel
        6. Kuwait
        7. Bahrain
        8. Oman
        9. Egypt
      7. By Competitor
        1. Competition Characteristics
        2. Competitor Alignment in Competition Metrix
  6. UAE Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  7. Saudi Arabia Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  8. Qatar Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  9. Turkey Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  10. Israel Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  11. Kuwait Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  12. Bahrain Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  13. Oman Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  14. Egypt Cyber Security Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component Type
      2. By Security Type
      3. By Deployment
      4. By End User
      5. By Enterprise Size
  15. Middle East Cyber Security Market Analysis Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  16. Middle East Cyber Security Market Business Cases
  17. Middle East Cyber Security Market Analysis Trends & Insights
  18. Middle East Cyber Security Market Intellectual Property Rights Analysis
  19. Middle East Cyber Security Market Analysis Hotspots & Opportunities
  20. Middle East Cyber Security Market Analysis Regulations
  21. 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. Fireeye
      4. Huawei
      5. Fortinet
      6. Palo Alto Networks
      7. Check Point Software Technologies
      8. Trend Micro
      9. Sophos
      10. Kaspersky
      11. Mcafee
      12. Forcepoint
      13. Dts Solution
      14. Ras Infotech
      15. Codegreen Systems
      16. AT&T Cybersecurity
      17. Protiviti
      18. Logrhythm
      19. Malwarebytes
  22. Disclaimer
Middle East Cyber Security Market Segmentation
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