Showing posts with label Cyber security market UAE. Show all posts
Showing posts with label Cyber security market UAE. Show all posts

Friday, March 6, 2020

Middle East Cyber Security Market Is Expected To Grow at CAGR of 20% from 2017-2022: Ken Research

Cloud computing is the latest technology that is being used in the sector in various domains such as network, wireless and end point security.
Cyber-attacks on government owned enterprises have forced them to formulate well thought strategies to counter the cyber security threats.
Qatar world cup 2022 and Dubai expo 2020 are some of the projects which will drive demand for cyber security solutions.
The market for cyber security in Middle East is still in the growing phase and is expected to register double digit growth as it has gained momentum due to enhanced focus of the government. Demand for cyber security equipment’s will be largely driven by smart home, commercial infrastructure and banking sectors. In the last few years, these sectors have seen rapid growth in various countries across the Middle East. The political conditions are also playing a major role in acceptance of cyber security due to increasing security concerns. The Government and Banking industries are the major end users of cyber security solutions and will continue to have a major share in cyber security demand till 2022. New technologies such as Internet of Things and artificial intelligence will be widely applied in the sector in various domains, although currently Middle East is yet to stride in these advanced technologies, which is limited to few projects in the market.
Digitalization of public services, development of smart cities and increasing sophistication of cyber attackers are a few trends that are expected to drive the market in the future. Increasing number of internet users is one of the biggest reasons for high demand for cyber security. Companies are spending continuously on improving their digital infrastructure. Middle East region is witnessing infrastructure growth as many countries have opened their economy which will result in huge demand in the future for cyber security as many companies are expected to open their office in Middle East region.
Analysts at Ken Research in their latest publication “Middle East Cyber Security Market Outlook to 2022 - By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region” believe that revamping the distribution system, adoption of cyber risk assessment measures and growth in house technological capabilities will help in maximizing the delivered value from developers, system integrators and government to the end users. Manufacturers should focus on increasing the perceived value of their products by communicating the long term benefits of their solutions.
Middle East cyber security market is expected to register positive CAGR of around 20% during the period 2017-2022 with central region expected to gain major share of the market.
Key Segments Covered
By Type of Regions
  • Central Region
  • Western region
  • Southern Region
  • East Region
  • Northern Region
By Type of Solution
  • Firewall
  • Intrusion Detection System (IDS/IPS)
  • Antivirus/Antimalware
  • Identity and Access Management (IAM)
  • Encryption
  • Data Loss Prevention (DLP)
  • Unidentified Threat Management (UTM)
  • Disaster Recovery
By Type of Security
  • Network Security
  • Wireless Security
  • End-Point Security
  • Application Security
  • Content Security
  • Cloud Security
Key Target Audience
  • Network Security Companies
  • Cloud Security Companies
  • Antivirus Developers
  • End-Point Security Providers
  • Cyber Security System Integrators
  • Banking Institutions
  • Public Sector Companies
  • Government Entities
  • IT Managed Service Providers
Time Period Captured in the Report
  • 2012-2017 – Historical Period
  • 2017-2022 – Future Forecast
Companies Covered
  • Cyber Security Developers:
  • Fire Eye, IBM, Splunk, Four Scout, Symantec
  • Cyber Security System Integrators
  • Etisalat, ISYX, BIOS, DU, Starlink
For more information on the research report, refer to below link:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Tuesday, September 25, 2018

Middle East Cyber Security Market Outlook to 2022: Ken Research

The report titled "Middle East Cyber Security Market Outlook to 2022 - By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region" provides a comprehensive analysis on the Middle East cyber security market including cyber security market size, Market segmentation by region (North, Central, West, East and South), by Type of solution (firewall, intrusion detection system, antivirus, identity and access management, encryption, data loss prevention, unidentified threat management, disaster recovery), Growth Drivers, Restraints, Key Regulations Future Outlook and Analyst recommendation.
This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for system integrators, developers, distributors, resellers, end users such as government and potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Middle East Cyber Security Market
Market Size: Cyber security industry in Middle East registered a positive five year CAGR during 2012-2017. The market size grew constantly from 2012 to 2017. The growth was mainly driven by threat arising from increasing number of cyber attacks on critical infrastructure which were of national importance. Technological innovations and increasing focus on infrastructure development has also resulted in increase in demand for cyber security. The cyber crimes are one of the biggest concerns for the companies today. The number shows that the companies have to face a lot of loss which are in both tangible as well as intangible form.
Market Segmentation
By Region
Central Middle East region is the biggest market for cyber security products which accounted for majority of the market share in 2017, swiftly followed by Western and Southern part. Large number of cyber attacks over the years and rapid digitalization are the major reason behind the growth in the region.
By Type of Solution
The market is dominated by firewall and intrusion detection systems which together acquire majority of the total share in the cyber security market.
By Type of Security: The market based on type of security provided by various vendors is categorized into Network security, Wireless Security, End-point security, Application security, Content security, Cloud security. Network security acquired the major share, which is followed by wireless security and end point security.
Competition Scenario
The developers of cyber security products in Middle East sell their offerings to end users through distributors and system integrators. The report focuses on discussing the competitiveness of both major developers as well as system integrators present in the market. The market is dominated by major global players although entrance of some other players has resulted in change of market dynamics. The report clarifies the parameters to differentiate one competitors from others and measures through which each company can be evaluated from the perspective of end users.
Future Outlook
The market for cyber security in the region is estimated to grow by double digit CAGR. This market will be primarily driven by sale of firewall and intrusion detection devices which will acquire most of the market share respectively. The market will primarily grow due to requirements of network security which most of the enterprises fell as the basic necessity in today’s ever evolving cyber threat landscape. Central and Western region will drive majority of demand in the near future mainly due to diversification of economy in countries as well as digitalization of existing infrastructure. Cloud security is one technology which will have a wide impact on the market.
Key Segments Covered
By Type of Regions
Central Region
Western region
Southern Region
East Region
Northern Region
By Type of Solution
Firewall
Intrusion Detection System (IDS/IPS)
Antivirus/Antimalware
Identity and Access Management (IAM)
Encryption
Data Loss Prevention (DLP)
Unidentified Threat Management (UTM)
Disaster Recovery
By Type of Security
Network Security
Wireless Security
End-Point Security
Application Security
Content Security
Cloud Security
Key Target Audience
Network Security Companies
Cloud Security Companies
Antivirus Developers
End-Point Security Providers
Cyber Security System Integrators
Banking Institutions
Public Sector Companies
Government Entities
IT Managed Service Providers
Time Period Captured in the Report
2012-2017 – Historical Period
2017-2022 – Future Forecast
Companies Covered
Cyber Security Developers:
Fire Eye, IBM, Splunk, Four Scout, Symantec
Cyber Security System Integrators:
Etisalat, ISYX, BIOS, DU, Starlink
Key Topics Covered in the Report
Overview of Cyber Security Market in Middle East
Value chain analysis
Cyber Security Market Size by Revenue
Major Players in the Middle East Cyber Security Ecosystem
Market Segmentation by Region (North, Central, West, East and South), by Type (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery)
Restraints
Growth Drivers
Competitive Benchmarking of Major Developers
Company profile of Major Developers (IBM, Symantec, Four Scout, Splunk, FireEye)
Company profile of Major System Integrators (Group 5, G4S, SSS, SeedIS)
Industry Scenario by Region
Vendor Selection Process
Key Regulations
Future Outlook
Analyst Recommendation
For more information on the research report, refer to below link:
Related Reports
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249