Middle East Zero Trust Security Market Research Report: Forecast (2024-2030)

Market Definition

Zero trust security is a cybersecurity framework based on “Never Trust, Always Verify”. Under this, the cybersecurity solution implemented in the organization will constantly need to verify whenever anyone tries to access the data and resources across the micro-segmented network infrastructure irrespective of whether the user or device that generated the access request is present inside or outside the organization's perimeters.

Market Insights & Analysis: Middle East Zero Trust Security Market (2024-30):

The Middle East Zero Trust Security Market size is valued at USD2.41 billion in 2024 & is projected to reach USD7.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 17.14% during the forecast period, i.e., 2024-30. The increasing number of cyber threats from within and outside the organizations in the Middle East has led to the growing demand for zero-trust security solutions in the region. The zero trust security based on the idea “never trust always verify” has made it a standard when implementing cybersecurity solutions. The increasing digitalization of Middle Eastern countries due to the implementation of technologies such as cloud computing, the Internet of Things, machine learning, blockchain, artificial intelligence, and data analytics are being implemented by organizations and governments in the region.

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The transition toward creating a digital economy is part of the overall strategy of the region to gradually shift towards the non-oil sectors. For instance, it is estimated that artificial intelligence will alone have an economic impact of more than USD 300 billion on the Middle Eastern geography. Additionally, increasing adoption of the cloud in the region as nearly 70% of the companies in the region are planning to migrate to a cloud-based system by 2025. This along with the boom in the e-commerce and Fintech industry will further widen the digital landscape of the Middle East. The expanding digital landscape would expose a lot more vulnerabilities that will be exploited by cyber adversaries to launch more cyber-attacks. Such developments will further boost the demand for the zero trust security solution in the Middle East.

Middle East Zero Trust Security Market Driver:

Rising Cyber Threats in the Region– The critical requirement to develop cybersecurity capabilities to guard against escalating threats from cyber adversaries is the primary driver of the zero-trust security market in the Middle East. The region is experiencing massive cyber-attacks related to data breaches. In 2024, the Middle East has average data breach cost has risen by 8.4% to USD 8.75 million per incident on a YoY basis according to IBM. Moreover, the average data breach cost per incident is substantially higher compared to the global average data breach cost of USD 4.88 million. These data breaches greatly disrupt business activities in the Middle East. Furthermore, they also drive up business costs by increasing the expenses associated with regulatory compliances and activities post-cyber breach.

Middle East Zero Trust Security Market Opportunity:

Growing Fintech Industry in the Middle East– The Middle East is experiencing accelerating growth in the Fintech industry. This is largely due to the push by governments in the Middle East to liberalize financing by opening up more avenues for it. For instance,

• April 2024: Saudi Central Bank (SAMA) reported that retail electronic payments reached 70% share of the total retail payments.
• April 2024: Saudi Central Bank (SAMA) reported that digital transactions processed in Saudi Arabia through the national payment systems reached 10.8 billion payments in 2023, rising by 24% annually.

The regulatory requirement to protect the vast amount of sensitive and private data generated by the booming fintech industry needed to be guarded against the increasing cyber threats. This has led the fintech companies to implement multi-factor authentication that requires the users to constantly verify themselves whenever they are trying to access their e-wallets or make mobile payments. This will provide zero-trust cybersecurity companies, an opportunity to expand their services in the rapidly growing Fintech industry in the Middle East.

Middle East Zero Trust Security Market Challenge:

High Implementation and Switching Cost– Zero trust security is very effective in terms of decreasing the risk of cyber threats but it is expensive to implement. This is largely because organizations in the Middle East have a complex network infrastructure with many network access points, databases, and applications. These are accessed by many users who are present both inside and outside the organizations. Each network segment needs to be secured to achieve complete zero trust security. Furthermore, implementing zero trust security in organizations with a mix of legacy and new hardware especially in Saudi Arabia and Egypt makes it more challenging.

Apart from this, implementing zero trust security in organizations in the Middle East needs time to figure out how to micro-segment the network and who will have access to which part of the network. Furthermore, the implementation of a trust security solution would need significant funds to hire human resources. These challenges would make it difficult for organizations in the Middle East to implement zero trust security.

Middle East Zero Trust Security Market Trend:

Increasing SASE Deployment in the Middle East– In the Middle East, cybersecurity solution providers are deploying Secure Access Service Edge (SASE) primarily due to the escalating implementation of cloud and zero trust cybersecurity solutions due to the migration of regional organizations towards cloud and zero trust framework for cybersecurity in the region. Furthermore, the changing work dynamics usage of SASE allows employees to securely access organization applications and resources from anywhere using any device. Apart from this, the SASE solutions are deployed with a blend of artificial intelligence (AI) capabilities that accelerate and enhance the operational capabilities of the SASE solution. According to the Palo Alto Networks, the use of AI with SASE would efficiently filter out malicious phishing attacks.

Middle East Zero Trust Security Market (2024-30): Segmentation Analysis

The Middle East Zero Trust Security Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the regional levels. Based on the analysis, the market has been further classified as:

Based on Solution:

• Network Security
• Data Security
• Endpoint Security
• Security Orchestration Automation & Response (SOAR)
• API Security
• Security Analytics
• Security Policy Management

Data Security is the leading segment in the Zero Trust Security Market in the Middle East. The primary reason for this is the growth in the number of cyber-attacks related to data breaches in the region. The attacks are primarily to steal sensitive information due to regional geopolitical rivalries. Nearly 78% of cyberattacks on organizations in the Middle East targeted computers and servers between 2022 and 2033 according to the positive technologies. A great chunk of these cyber-attacks were due to the malicious intent to steal sensitive information using malware by the Advanced Persistent Threats (APT) groups by getting an undetected presence within the network infrastructure of the organization in the Middle East. In response to these threats organizations in the Middle East are implementing Zero Trust Data Protection solutions. As the regional conflict rises, escalating the risk of cyber-attacks the data security solutions will hold its market leadership position over the foreseeable future in the Middle East Zero Trust Security Market.

Based on Authentication Type:

• Single Sign-On (SSO)
• Multi-Factor Authentication (MFA)

Multi-factor authentication leads the market share when considering segmentation based on the type of authentication for the Middle East Zero Trust Security Market. This is primarily due to the regulatory and organizational requirements in the Middle East. For instance, according to the Dubai government’s Information Security mandates, government entities and other organizations engaging with it have to implement zero trust principles with a multi-factor authentication approach. Apart from this, the Saudi Central Bank has issued guidelines for multifactor authentication from the mandatory compliance perspective. In Qatar, also banking organizations like Qatar Islamic Bank have implemented multifactor authentication in their services and digital applications. The utilization of multiple authentication approaches is largely seen in the BFSI sector. With the growth and digitalization in the BFSI sector of the Middle East, MFA will continue its dominance as the authentication type in the Zero Trust Security Market of the region over the foreseeable future.

Middle East Zero Trust Security Market (2024-30): Regional Projections

Geographically, the Middle East Zero Trust Security Market expands across:

• UAE
• Saudi Arabia
• Qatar
• Israel
• Egypt
• Kuwait
• Others

UAE currently holds a considerable market share in the Middle East for Zero Trust Security Market along with Saudi Arabia closely following it. The main reason is that the UAE has set clear regulatory guidelines for data and privacy protection and the adoption of zero trust security principles. This is also reflected in the Dubai Government’s Information Security Regulation (ISR) which clearly defines the adoption of zero security principles in government entities and other organizations interacting with them. These regulations are set with the clear purpose of mitigating the risk of data breach and maintaining the confidentiality & integrity of the data. This leads to the implementation and development of zero trust security in organizations in the country.

Apart from this, the UAE has a higher rank in the ease of doing business in the region. UAE is ranked 16^th in the ease of doing business compared to Saudi Arabia and Israel standing at 62^nd and 35^th positions respectively. This indicates that compared to other countries in the region, the UAE has a much more relaxed business environment and participation of foreign players in its economy.

Middle East Zero Trust Security Industry Recent Development:

• August 2024: CyberKnight Technologies announced a partnership with Digital.ai to enhance its Application Security in the Middle East Region.
• June 2024: Cloudflare announced that it will be providing regional services in Saudi Arabia regarding the regulatory requirement of data localization in the country along the zero trust principle. This comes under its expansion plan in the Middle East after the announcement of the opening of its new office in Dubai Internet City in March this year.

Gain a Competitive Edge with Our Middle East Zero Trust Security Market Report

• Middle East Zero Trust Security Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• The Middle East Zero Trust Security Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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