The study covers and analyzes “Middle East Cyber Security Market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalist in understanding the companies better and take informed decisions.
The GCC region has become the center point for cyber-attacks because of the region’s strategic and economic significance. In GCC region, government, education, and BFSI industries are the most targeted verticals by cyber attackers. The increase in cyber threats, digitalization initiatives, and investment in homeland security are driving the market. The Middle East cyber security market is expected to grow more than at a CAGR of 22.5% during the period 2018–2024. The Middle East cyber security market is analysed based on five segments – security types, solutions, services, verticals, and countries.
The Middle East cyber security market is analysed based on five segments – security types, solutions, services, verticals, and countries.
The Middle East cyber security market size is expected to grow from USD 11.38 Billion in 2017 to USD 27 Billion by 2024, at an estimated Compound Annual Growth Rate (CAGR) of 14%.
The security types segment is analysed based on cloud security, wireless security, network security, and application security. Cloud security is one of the important factors for organizations (small to larger) and adoption of this security will help enterprises in terms of reducing capital expenditure, increasing the productivity, business agility, ease of adaptation to market, and data protection. The cloud security market revenue is expected to reach $20.20 billion by 2022.
Cyber security has become a key problem for all types of organizations and they have been increasing their spending on cyber security services/products/solutions to reduce the security issues (e.g. Aerospace & Defense, Retail and BFSI) and to protect data from the hackers.
The Middle East cyber security market is also analysed by verticals – BFSI, Energy & Utilities, Retail & wholesale distribution, IT & Telecom, Aerospace & Defence, Manufacturing, Healthcare, Transportation & Logistics, Government, Hospitality, Media & Entertainment, and Education. The BFSI and Energy & Utilities industries are going to contribute around 34% of the market share for the Middle East cyber security market in 2016. The Education and Transportation & Logistics verticals are set to be the emerging verticals for the Middle East cyber security market growth in the upcoming years
Middle East Cyber Security report provides key insights of the cyber security industry. The aim of this report is to provide business opportunities for players and also help them to understand about the various key elements in this industry in terms of trends, drivers, and market scenario.
In this region, government, BFSI, and energy & utilities organizations are under cyber-attacks and are targeted more by cyber-attackers. Due to this, there is a huge demand for better security products. The GCC region has become the center point for cyber-attacks because of the region’s strategic and economic significance. In GCC region, government, education, and BFSI industries are the most targeted verticals by cyber attackers.
Increase in Cyber Threats
Investment in Homeland Security in Middle East
Increase in Operational Cost
Managed Security Services Providers
Business Opportunities in Wireless Security
Increase Demand for Cloud Security
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Table of Contents
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
18.104.22.168 Key Data From Secondary Sources
2.1.2 Primary Data
22.214.171.124 Key Data From Primary Sources
126.96.36.199 Key Industry Insights
188.8.131.52 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Global Cyber Security Market
4.2 Cyber Security Market, By Component
4.3 Cyber Security Global Market
4.4 Lifecycle Analysis, By Region 2016
5 Market Overview
6 Industry Trends
7 Cyber Security Market Analysis, By Component
8 Cyber Security Market Analysis, By Solution
9 Cyber Security Market Analysis, By Service
10 Cyber Security Market Analysis, By Security Type
11 Cyber Security Market Analysis, By Deployment Mode
12 Cyber Security Market Analysis, By Organization Size
13 Cyber Security Market Analysis, By Vertical
14 Geographic Analysis
15 Competitive Landscape
16 Company Profiles
16.2 Intel Security
16.3 Symantec Corporation
16.4 Hewlett-Packard Enterprise
16.5 International Business Machines Corporation
16.6 Cisco Systems, Inc.
16.7 Rapid7, Inc.
16.8 EMC RSA
16.9 Fireeye, Inc.
16.10 Trend Micro, Inc.
16.11 Sophos Ltd.
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