By Type (Security Software [Firewalls, Data Security, E-mail security, End point protection, Identity Access Management, Web Proxy, Cloud Access Security Brokers (CASB), Security Information and Event Management (SIEM), Threat Management, Threat Intelligence/Visibility, Integrated Risk Management Solutions, Security Vulnerability Scanning], Security Hardware [Firewalls, Network Access Control], Security Managed Services [Firewalls, End point protection, Identity Access Management, Security Information and Event Management (SIEM), Threat Management, Threat Intelligence/Visibility, Security Vulnerability Scanning]), By Enterprise Size (Small & Medium size Enterprises, Large Enterprises), By Deployment Model (On-Premises, Cloud), By End-User (Government, BFSI, Healthcare, Manufacturing, Retail, Telecom & IT, Oil & Gas, Others (Hospitality, etc.)), By Service Provider (IT Service Providers, Managed Security Specialist, Telecom Service Provider), By Company (BT Group, Algosec, InfoPercept, Fortinet, Wipro, Secureworks, IBM, Cisco, Paladion Networks, Intel etc.)
Buildings, Construction, Metals & Mining
Kuwait Managed Security Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of Kuwait Managed Security market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “Kuwait Managed Security Market Analysis, 2021”, the Kuwait Managed Security market is anticipated to grow at a CAGR of 3% during 2021-26F. The growth of the segment is accredited to rising inclination of enterprise toward the integration of advanced technologies such as cloud, IoT, the introduction of a cybersecurity framework to improve the resilience of the banking sector to cyberattacks coupled with and snowballing spending in IT infrastructure development. The significant surge in the number of cyber-attacks is one of the major factors for the market growth of managed security. During the first half of 2020, Kuwait experienced 1,305 cyberattacks which include spam attacks, breach of corporate email addresses, malware, ransomware, and malicious domains during COVID-19 pandemic.
Small & Medium Enterprise Exhibits Fastest Growth
Based on Organisation Size, Small and medium enterprises are anticipated to be the fastest-growing segment in the Kuwait Managed Security market in 2019. This is due to a boost in the number of small and medium businesses, growing awareness about security threats and burgeoning investment by the enterprise in security. Moreover, the flexible pricing models offered by the service provider to enterprise and surging incidences of a cyberattack are projected to accelerate the growth of Managed Security market Kuwait in the coming years as revealed by the MarkNtel Advisors’ research report “Kuwait Managed Security Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Kuwait Managed Security market include BT Group, Algosec, InfoPercept, Fortinet, Wipro, Secureworks, IBM, Cisco, Paladion Networks, Intel etc.
Key Questions Answered in the Market Research Report:
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Kuwait Managed Security Market?
What is the region-wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations in the Kuwait Managed Security Market?
Who are the key competitors or market players and how they perform in Kuwait Managed Security Market based on competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Kuwait Managed Security Market study?
Q. What is the historical year, base year and forecast year considered in the research report on Kuwait Managed Security Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Kuwait Managed Security Market during 2021-26F?
A. The Kuwait Managed Security Market is forecast to grow at a CAGR of 3% during 2021-26F.
Q. Who are the key competitors or players operating in Kuwait Managed Security Market?
A. BT Group, Algosec, InfoPercept, Fortinet, Wipro, Secureworks, IBM, Cisco, Paladion Networks, Intel etc., are few of the leading players in the Kuwait Managed Security Market.
Q. Which deployment model segment would emerge as an opportunity area for players in Kuwait Managed Security Market?
A. Cloud segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which end-user would emerge as an opportunity area for players in Kuwait Managed Security Market?
A. Healthcare continue to grow at a highest CAGR, presenting immense opportunities for market players of Kuwait Managed Security Market.
Impact of COVID-19 on Kuwait Managed Security Services Market