GCC Ransomware Protection

GCC Ransomware Protection Market Research Report: Forecast (2023-2028)

By Component (Solution, Services), By Deployment Mode (On-premise, Cloud), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Application (Network Protection, Endpoint Protection Read more

  • ICT & Electronics
  • May 2023
  • 156
  • IT77044

Market Definition

Ransomware protection refers to sophisticated security measures employed by organizations to safeguard against malicious software that holds valuable data hostage for ransom. These measures leverage advanced technologies like machine learning, artificial intelligence, and behavioral analysis to proactively detect, respond to, and prevent ransomware attacks in real time without succumbing to extortion demands.

Market Insights

The GCC Ransomware Protection market is projected to grow at a CAGR of around 8.23% during the forecast period, i.e., 2023-28. The rising incidents of ransomware attacks since the historical period have increased privacy & security issues for the companies in the region. Cybercriminals targeted organizations across various industries, including finance, energy, healthcare, and government with sophisticated ransomware attacks. In 2021, several companies in the UAE paid nearly USD1.4 million to regain access to leaked data & systems.

Moreover, awareness regarding the adoption of cybersecurity has been observed in the Gulf Cooperation Council (GCC) region. Organizations have come to a realization of the imperativeness to safeguard their critical data & IT infrastructure against the looming threat of ransomware attacks. As a result, the demand for cutting-edge ransomware protection solutions, including advanced anti-malware software, robust network security solutions, and robust data backup & recovery solutions, has witnessed a remarkable surge.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 8.23%
Country Covered Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman
Key Companies Profiled Acronis International GmbH, Help AG, Spire Solutions, Trend Micro Incorporated, Fortinet, Inc., AO Kaspersky Lab, Sophos Ltd., McAfee, LLC, Check Point Software Technologies Ltd., Palo Alto Networks, Others
Unit Denominations USD Million/Billion


Along with this, cyber adversaries have adeptly employed cutting-edge methodologies, including the nefarious double extortion tactic, whereby data is not only encrypted but also exfiltrated for additional leverage. As a consequence, the demand for advanced ransomware protection solutions that possess the capability to detect & thwart intricate attacks has skyrocketed.

Furthermore, the unprecedented COVID-19 pandemic during the past period has also spurred the rapid adoption of remote work in the Gulf Cooperation Council (GCC) region, consequently heightening the susceptibility to insidious ransomware attacks. As employees access critical data & systems from geographically dispersed locations, organizations face the urgent need for robust ransomware protection solutions to fortify their remote workforce & stave off nefarious ransomware infiltrations targeting their networks & endpoints.

Besides, the insatiable need for safeguarding data privacy is projected to emerge as a pivotal catalyst propelling the market forward. Further, as organizations increasingly prioritize shielding their invaluable data from pernicious ransomware attacks, which have the potential to result in severe data breaches, the demand for ransomware protection solutions boasting robust data encryption, data backup, and data recovery capabilities is anticipated to surge in the foreseen years.

Market Dynamics

Significant Driver: Rising Instances of Cyber Attacks Have Surged the Adoption of Ransomware Protection

The ever-increasing cases of ransomware attacks have been a cause of concern in the GCC (Gulf Cooperation Council) region, propelling the demand for effective ransomware protection solutions. With the surge in cyber threats & the increasing sophistication of ransomware attacks, businesses & organizations in the GCC region are realizing the critical need for robust defenses to safeguard their valuable data & assets. The demand for ransomware protection has risen as organizations are more reliant on digital infrastructure than in the past, specifically followed by the COVID-19 pandemic due to the remote work trend. For instance,

  • In 2023, according to the report published by Group IB, more than 150 companies in the MEA region had their data leaked online, following ransomware attacks between 2021 & 2022, with a total of 42 companies in the GCC region.

As a result, regional companies are heavily investing in ransomware protection solutions such as endpoint security, network security, email security, and others to safeguard their digital assets & minimize the risk of ransomware attacks. These solutions are designed in a way to block & mitigate ransomware attacks, reducing the potential effect on business operations & reputation. Therefore, the surging ransomware attack & the upscaling investments by several companies to adopt this protection to mitigate the issue are further predicted to drive the market in the following years.

Possible Restraint: Lack of Awareness Among Organizations & Individuals

In the GCC countries, corporate organizations, especially SMEs, have inadequate investment as these businesses are not well aware of the consequences of data theft & ransomware attacks. The organizations are not focused on solutions such as anti-malware software, employee training programs, and backup & recovery systems, leaving them vulnerable to ransomware attacks.

Moreover, the slow adoption of ransomware protection solutions is due to the least or minimal awareness among individuals & organizations about ransomware attacks or their prevalence. Owing to this, the companies are lagging & are not prioritizing the implementation of the necessary security controls or delaying the adoption of updated ransomware protection technologies & practices, which can result in increased vulnerability to ransomware attacks, hence impeding the market in the future.

Growth Opportunity: Growing IT Infrastructure in the GCC Region

The growing IT infrastructure in the GCC region opens an opportunity for ransomware solutions providers in the region. The growing adoption of digital technologies & cloud computing in the GCC region has led to the expansion of IT infrastructure, which, in turn, creates a higher risk of ransomware attacks in the region. With the ever-increasing IT infrastructure in the GCC region, there is an increasing demand for data centers to store & handle a large amount of data, as these centers are the main targets for ransomware attackers as it stores critical & sensitive information of businesses. For instance:

  • In 2022, Khazna Data Centers, the largest data center operator in the Middle East & Africa, currently operating 12 data centers in the UAE, and adding two new facilities presently in development known as DXB2 & DXB3, are located in Dubai Design District & Ibn Battuta, respectively.

Moreover, the adoption of cloud services ingrained new types of risks, including the potential for ransomware attacks. This creates an opportunity for ransomware protection providers to provide strong solutions that can protect data centers from ransomware attacks. These solutions include intrusion detection & prevention systems, security information & event management (SIEM) systems, and data backup & recovery solutions. Thus, the establishment of new data centers in the region is emerging as an opportunity for the market during 2023-28 

Key Trend: Surging Adoption of Advanced Threat Detection & Response Solutions

The surging adoption of advanced threat detection & response solutions in the GCC ransomware protection region is the key trend in the market, owing to the growing need for proactive & effective defense against crypto-worm attacks. The threats & ever-evolving nature of crypto-worm are being acknowledged by organizations in the GCC region, who are realizing the limitations of conventional security measures in effectively detecting & preventing such attacks.

Consequently, there is a burgeoning demand for advanced threat detection & response solutions that transcend the traditional antivirus software & firewalls approach. These cutting-edge solutions harness the power of state-of-the-art technologies such as machine learning, AI, and behavioral analysis to proactively identify & avert ransomware attacks in real-time, respond swiftly to incidents, and actively pursue potential threats. Hence, this results in creating a positive market outlook in the forthcoming period.

Market Segmentation

Based on Component:

  • Solutions
  • Services

The Solution Component held a prominent position in the historic year & is expected to maintain its dominance during the forecast period. The implementation of cutting-edge ransomware protection solutions presents a myriad of advantageous opportunities for bolstering the efficacy of cyber incident detection & response strategies. Moreover, beyond fortifying cybersecurity measures, these innovative solutions have the potential to yield substantial savings in terms of time, financial resources, and manpower, thereby fostering a robust growth trajectory within the market.

Based on Application:

  • Network Protection
  • Endpoint Protection         
  • Email Protection
  • Database Protection
  • Web Protection

Of them all, Endpoint protection is anticipated to hold a substantial share in the GCC Ransomware Protection market during the forecast period as it is implemented on almost all the devices, such as laptops, desktops, servers, and mobile devices, to protect them from cyberattacks. These measures include a diverse range of security features, such as cutting-edge anti-malware software, formidable firewalls, state-of-the-art intrusion detection/prevention systems, and other sophisticated mechanisms, strategically deployed on endpoints.

Moreover, with the increasing trend of remote work, the number of endpoints being used to access organizational networks & data has risen significantly. This has catered to the demand for robust endpoint solutions in the forecast period to ensure that devices used by employees are secure & protected from ransomware threats.

Regional Projection

Geographically, the market expands across:

  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

Of all the regions across the GCC, the UAE held a notable market share in the historical years & is expected to acquire a substantial share during the forecast period as well. The country has been at the vanguard of technological advancements in the GCC region, with an unwavering focus on digital transformation & fortification against cyber threats. The UAE government has been proactively championing initiatives to augment the nation's cybersecurity posture, including the establishment of the National Cybersecurity Authority (NCA) & the implementation of stringent cybersecurity regulations & standards. This has fostered the widespread adoption of cutting-edge ransomware protection solutions in the UAE, exemplifying the nation's resolute commitment to safeguarding its digital assets & critical infrastructure.

Moreover, the UAE has risen as a prominent global epicenter for commerce, alluring foreign investments & hosting a plethora of multinational corporations. The UAE's advantageous geographic location, state-of-the-art infrastructure, and business-friendly policies render it an optimal choice for enterprises seeking to establish a prominent foothold in the Middle East. As a result, the demand for sophisticated ransomware protection solutions in the region would continue to surge, propelled by the UAE's unwavering appeal to businesses.

Recent Developments by the Leading Companies

  • 2022: Trend Micro Incorporated signed an agreement with the Ministry of Communications & Information Technology of Saudi Arabia to maximize investment in hybrid cloud security solutions, endpoint security, extended detection, network security, and response against security threats with the launch of a local cloud data lake for cybersecurity SaaS solutions in the country.
  • 2022: Kaspersky launched a new service to enhance its digital footprint intelligence by taking down malicious domains. The service aims to identify & neutralize threats posed by malicious domains to protect users from cyber threats.

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Frequently Asked Questions

A. The GCC Ransomware Protection Market is expected to grow at a CAGR of around 8.23% during 2023-28.

A. The surging attacks of ransomware are expected to drive the GCC Ransomware Protection Market during 2023-28.

A. Acronis International GmbH, Help AG, Spire Solutions, Trend Micro Incorporated, Fortinet, Inc., AO Kaspersky Lab, Sophos Ltd. McAfee, LLC, Check Point Software Technologies Ltd., Palo Alto Networks, and others are the top players in the GCC Ransomware Protection Market.

A. Among the components type segment, the solution is the leading component in the GCC Ransomware Protection Market.

A. The surging adoption of advanced threat detection & response solutions is the key trend shaping the growth of the GCC Ransomware Protection Market.

A. Rising IT infrastructure in the region is expected to be a potential opportunity in the GCC Ransomware Protection market through 2028.

A. The lack of awareness among organizations & individuals about the prevalence of ransomware attacks is affecting the growth of the GCC Ransomware Protection Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. GCC Ransomware Protection Market Trends & Insights
  5. GCC Ransomware Protection Market Dynamics
    1. Drivers
    2. Challenges
  6. GCC Ransomware Protection Market Policy & Regulations
  7. Evolution of Digitalization and Privatization in the GCC Countries
    1. Initiatives and Policies
    2. Digital Infrastructure Development
    3. Budget Allocated
    4. Others
  8. GCC Ransomware Protection Market Growth Opportunities & Hotspots
  9. GCC Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues (USD Million)
    2. Market Share & Outlook
      1. By Component
        1. Solution
          1. Standalone anti-ransomware software
          2. Secure Web Gateways
          3. Application Control
          4. IDS/IPS
          5. Web Filtering
          6. Threat Intelligence
        2. Services
          1. Professional Services
          2. Consulting
          3. Training and Education
          4. Support and Maintenance
          5. Managed Services
      2. By Deployment Mode
        1. On-premise
        2. Cloud
      3. By Organization Size
        1. Small & Medium Enterprises
        2. Large Enterprises
      4. By Application
        1. Network Protection
        2. Endpoint Protection
        3. Email Protection
        4. Database Protection
        5. Web Protection
      5. By Industry
        1. Government & Defence
        2. BFSI
        3. IT & Telecom
        4. Healthcare & Life Sciences
        5. Education
        6. Energy & Utilities
        7. Retail
        8. Others (Manufacturing, Media and Entertainment, Transportation, etc.)
      6. By Country
        1. Saudi Arabia
        2. The UAE
        3. Qatar
        4. Kuwait
        5. Bahrain
        6. Oman
  10. Saudi Arabia Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues
    2. Market Share & Outlook
      1. By Component
      2. By Application
  11. The UAE Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues
    2. Market Share & Outlook
      1. By Component
      2. By Application
  12. Qatar Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues
    2. Market Share & Outlook
      1. By Component
      2. By Application
  13. Kuwait Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues
    2. Market Share & Outlook
      1. By Component
      2. By Application
  14. Bahrain Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues
    2. Market Share & Outlook
      1. By Component
      2. By Application
  15. Oman Ransomware Protection Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. By Revenues
    2. Market Share & Outlook
      1. By Component
      2. By Application
  16. GCC Ransomware Protection Market Key Strategic Imperatives for Growth & Success
  17. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. Acronis International GmbH
      2. Help AG
      3. Spire Solutions
      4. Trend Micro Incorporated
      5. Fortinet, Inc.
      6. AO Kaspersky Lab
      7. Sophos Ltd.
      8. McAfee, LLC
      9. Check Point Software Technologies Ltd.
      10. Palo Alto Networks
      11. Others
  18. Disclaimer
GCC Ransomware Protection Market - Segmentation Slide