By Type (Distributed Denial of Service Mitigation (DDoS), Intrusion Detection & Prevention System, Endpoint Security, Firewall Management, Risk and Compliance, Management, Vulnerability Management, Security Information and Event Management (SIEM), Unified Threat Management, Others), 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 Region (Dubai, Abu Dhabi & AI Ain, Sharjah & Northern Emirates), By Company
ICT & Electronics
UAE Managed Security Services Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of UAE Managed Security Services Market including regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
The surge in the managed security services in the UAE is associated with the rising number of cyberattacks on diverse institutions such as banks, telecom infrastructure, energy assets, etc. Another reason for the growth is favorable strategies by the government of UAE such as Emirates Blockchain Strategy 2021 and Dubai Smart City Initiative Vision 2021. According to MarkNtel Advisors’ research report titled “UAE Managed Security Services Market Analysis, 2020”, the UAE Managed Security Services Market is anticipated to grow at a CAGR of around 13% during 2020-25.
Intrusion Prevention & Detection and Security Assets Monitoring & Management Service Segments to Dominate the Market
Internet of Things (IoT) penetration, cloud migration, and software-defined networks (SDN) are gradually being prominent across enterprises in the UAE. The country is also known as the financial hub of Middle East & Africa. Therefore, the focus on Intrusion Prevention & Detection from BFSI industry is surging at an exponential pace. Furthermore, due to the rapid growth in IT infrastructure and the urgency for growing real-time data volumes is boosting the demand for security asset monitoring & management service in the UAE security segment market. The segment bagged the major market share in 2019 and as the ongoing developments in the country are expected to exhibit strengthening demand during 2020-25 as revealed by the MarkNtel Advisors’ research report “UAE Managed Security Services Market Analysis, 2020”.
The BFSI Segment Remained Dominant Through 2019
The banking, financial services & insurance (BFSI) application market registered the highest market share in UAE Managed Security Services market in 2019 owing to a growth in cyberattacks driven by monetary motives in the banking sector. Thus, the use of managed security services in the BFSI sector is turning out to be a necessity in the UAE.
According to MarkNtel Advisors, the key players with a considerable market share in the UAE Managed Security Services market include DTS Solution, Dark Matter, McAfee, LLC, eHosting DataFort, Fortinet, Paladion, Emirates Telecommunication Corporation, Etisalat, LogRhythm Inc, Paramount Computer System FZ-LLC, etc. The companies are merging and collaborating with other leading companies to remain competitive in the country.
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 UAE Managed Security Services Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations in the UAE Managed Security Services Market?
Who are the key competitors or market players and how they perform in UAE Managed Security Services Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of UAE Managed Security Services Market study?
Abu Dhabi Managed Security Services Market Size, 2015-2025F (USD Million)
Competitor Wise Growth Strategies
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on UAE Managed Security Services Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
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 UAE Managed Security Services Market during 2020-25?
A. The growth rate of UAE Managed Security Services Market during 2020-25 is forecast to be around 13%.
Q. Who are the key competitors or players operating in UAE Managed Security Services Market?
A. DTS Solution, Dark Matter, Secureworks, IBM, Cisco, Intel, LLC, eHosting DataFort, Fortinet, Paladion, Emirates Telecommunication Corporation, Etisalat, LogRhythm Inc, Paramount Computer System FZ-LLC, etc. are few of the leading players in the UAE Managed Security Services Market.
Q. Which sector segment would emerge as an opportunity area for players in UAE Managed Security Services Market?
A. BFSI segment is expected to attain the highest CAGR during the forecast period and would maintain its significant market share.
Q. Which service segment would emerge as an opportunity area for players in UAE Managed Security Services Market?
A. The intrusion prevention & detection, security and asset monitoring & management segment grabbed a significant market share and would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of UAE Managed Security Services Market.
Impact of COVID-19 on UAE Managed Security Services Market