1. Market Research
  2. > ICT
  3. > Cybersecurity Market Trends
Middle East Cybersecurity Market by Component, Security Type, Deployment Mode, Organization Size, Vertical And Country - Global Forecast to 2025

Middle East Cybersecurity Market by Component, Security Type, Deployment Mode, Organization Size, Vertical And Country - Global Forecast to 2025

  • June 2020
  • 329 pages
  • ID: 4794249
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

Rising security breaches and sophisticated cyberattacks across enterprisesaredriving the overall growth of the Middle East cybersecurity market.
The global Middle East cybersecurity market (MSS) market size is projected to grow from USD 16.1 billion in 2020 to USD 28.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.2% during the forecast period in the pre-COVID scenario. The global Middle East cybersecurity market size is projected to grow from USD 15.6 billion in 2020 to USD 29.9billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.80% during the forecast period in the post-COVID scenario. The major factors driving the market include the rising security breaches and sophisticated cyberattacks across enterprises and critical industries in the Middle East and stringent government regulations set by the governments across countries in the Middle East.

By security type, the network security segment is expected to grow at with the largest market sizeduring the forecast period
Cybersecurity is an approach to safeguard endpoints, networks, applications, cloud, and data from advanced threats and vulnerabilities.This involves a set of security technologies, solutions, tools, policies, security concepts, guidelines, risk management approaches, and professional & managed services, to protect critical enterprise information and infrastructure from cyber-attacks, damages, or unauthorized access.

With appropriate cybersecurity solutions in place, an organization can avert security attack and breaches that eventually helps in cutting down business cost and enhance its information security infrastructure.
The public and private organizations across the Middle East countries hold a huge amount of sensitive data that is prone to cyber threats and needs to be secured.Moreover, with the rise in the sophistication level of cyber-attacks, there has been an increase in the demand for comprehensive cybersecurity solutions.

The regional and global security vendors in the region are developing advanced intelligence based on cybersecurity solutions to provide proactive and holistic security to critical business applications.Cloud security helps enterprises in securing their cloud networks. Many organizations in the Middle East are getting oriented towards the usage of advanced technologies. Hence, the network security segment is gaining traction in the region.
• By vertical, the healthcare vertical to be the fastest-growing vertical during the forecast period

The health care segment is the fastest-growing vertical during the forecast period.The increase in high-profile attacks on this sector has led to its adoption of cybersecurity.

In the healthcare vertical, cybersecurity solutions such as medical device penetration testing, network segmentation for medical equipment, device inventory and risk analysis, medical device risk assessments, continuous incident response etc. will play an integral role in securing the entities related to patients as well as hospital data in the healthcare vertical. Moreover, security services also help healthcare organizations comply with stringent HIPAA and PCI DSS compliances.

Kingdom of Saudi Arabia (KSA) to hold the highest market share during the forecast period
Technological advancements like cloud, 5G, and IoT have led to the SMEs and large enterprises in the KSAare drivers to the growth of the market. Also, government regulations, soaring cybersecurity incidents and cloud technology adoption in the countryhave contributed tomarket growth.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key companies.

The breakup profiles of the primary participants are as follows:
• By Company Type: Tier 1–25%, Tier 2–45%, and Tier 3–35%
• By Designation: C-level Executives–40%, Directors – 35%, and Others – 25%
• By Region: North America – 15%,Europe– 15%, APAC– 30%,Latin America– 10%, MEA – 20%

Major vendors offeringMiddle East cybersecurity services includeIBM (US), Cisco (US), FireEye (US), Huawei (China), Fortinet (US), Palo Alto Networks (US), Check Point Software Technologies (Israel), Trend Micro (Japan), Sophos (UK), Kaspersky (Russia), McAfee (US), Forcepoint (US), DTS Solution (UAE), RAS Infotech (UAE), Code Green Systems (UAE), AT&T Cybersecurity (US), Protiviti (US), LogRhythm(US), Malwarebytes (Ireland), Safe Decision (KSA), Security Matterz (KSA), Infratech (KSA), Cato Networks (Israel), Help AG (UAE), SecureMisr (Egypt), Proofpoint (US), Tata Communications (India), Barracuda Networks (US), HP (US), Oracle (US), Paramount Computer Systems (UAE), Vul9 (UAE), Coordinates (UAE), Z Services (UAE), Secutronic (KSA), IT-Serve (UAE), Nanjgel Solutions (UAE), Ingram Micro (UAE), Al KendiComputer Systems (UAE), NdimensionZ (India), Emtech (UAE), Wattlecorp (India), RNTrust Group (UAE), VAS Technologies (UAE), Fujisoft (UAE), Al Arabia Systems Engineering (KSA), Afnam IT (KSA), Fingerprint Consultancy (KSA), ATIT (KSA)and Cyberia Group (KSA). The study includes an in-depth competitive analysis of these key market players,along with their profiles, recent developments, and key market strategies.

Research Coverage
The market study covers theMiddle East cybersecuritymarket size across segments.It aims at estimating the market size and the growth potential of this market across segments categorized intocomponent, solution, service, security type, deployment mode, organization size,vertical,and country.

The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Middle East cybersecuritymarket and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on