Zero Trust Security is an IT security model requiring all clients, whether in or outside the enterprise network, to be authenticated, authorized, and consistently approved for security configuration before accessing applications & data.
The Middle East Zero Trust Security Market is anticipated to grow at a CAGR of around 16.1% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to rapid digital transformation among enterprise organizations and the surging cyberattacks across the Middle East.
Additionally, the rising trend of mobile & cloud-enabled environments, coupled with the emergence of startups like Perimeter 81, an Israel-based security startup that rolled out Zero Trust application access in 2019, also propel the market growth.
Moreover, the launch of security solutions by the startups and the shift of end-users from legacy VPN to zero-trust security services are other crucial factors likely to augment the market growth during 2012-26, further states the research report. “Middle East Zero Trust Security Market Analysis, 2021."
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 16.1% |
| Countries Covered | UAE, Saudi Arabia, Qatar, Israel, Egypt, Kuwait, others |
| Key Companies Profiled | Palo Alto Networks, Cisco, Illumio, Zscaler, IBM, Akamai, CyberKnight Technologies, Orange, Citrix, Check Point Software Technologies Ltd |
| Unit Denominations | USD Million/Billion |
COVID-19 Outbreak Positively Impacted the Middle East Zero Trust Security Market
The COVID-19 pandemic resulted in a breakneck transformation of the IT industry, primarily due to the imposition of lockdown & stringent movement restrictions by the government to curb the virus transmission. It forced businesses to shift their operations from on-site to remote working, which further accelerated the risk of cyber-attacks due to the incapability of existing security infrastructure to handle the threat, thus making critical assets vulnerable to unauthorized access. Hence, these aspects have surged the need for zero-trust security among enterprises of all sizes.
Moreover, with all the changes imparted by COVID-19, some things would stay in the future like most companies are planning to operate with 50% staff working at office and rest working from home. It's also evident that working from home can introduce some severe security concerns. Hence, the demand for zero-trust security is expected to continue increasing in the coming years.
