1. Market Research
  2. > ICT
  3. > Cybersecurity Market Trends
Middle East & Africa Cybersecurity Market - Growth, Trends, Forecasts (2020 - 2025)

Middle East & Africa Cybersecurity Market - Growth, Trends, Forecasts (2020 - 2025)

  • January 2021
  • 275 pages
  • ID: 6000947
  • Format: PDF
  • Mordor Intelligence LLP
Up to $700 off Until Mar 10th 2021


Table of Contents

Search Inside

The cybersecurity market in the Middle East & Africa was valued at USD 7.174 billion in 2019, and it is expected to register a CAGR of 14.08% during the forecast period of 2020-2025. The rapid digitalization in the countries, like the United Arab Emirates and Saudi Arabia, has triggered the number of connected devices by opening new gateways for cyberattacks.

- Triggered by the recent low crude oil prices, the governments in the region are increasing investments in information and communication technologies. As a result, most of the social infrastructure, the financial sector, government services, schools, and hospitals in the region are increasingly deploying interconnectivity solutions with minimal attention to the security needs of these developments.
- The major factors driving the threat of cyberattacks in the Middle East & African region are the growing vulnerabilities in digital communications networks and supply chains, growth in the user base of online consumers, and most of all, the deficient cybersecurity infrastructure.
- Traditionally, the Middle East has never been a significant target for cyberattacks. Regions like North America and Europe have always been the most affected by cyber threats. But in recent times, rapid digitalization in countries like the United Arab Emirates, Saudi Arabia has triggered the number of connected devices, opening new gateways for cyberattacks.
- Smartworld stands to be the first Cyber Security Centre in the United Arab Emirates, providing continuous monitoring of online threats and cyber threat management to companies across the region’s government and private sectors. Inspired by such initiative, companies like Tata Communications, a tech giant based in India, has unveiled an advanced cybersecurity response center in Dubai. Over the forecast period, such initiatives are expected to proliferate.
- Apart from this, the demand for cybersecurity in the region has gained traction in the water systems and pumping stations. With the automation coming in force across various end-user verticals, the threat of cyberattacks has increased in the region.

Key Market Trends
BFSI to Hold Major Share

- Banks in the region are responding to the consumers’ preferences of the digital era by increasing their investments in digital innovations, as well as focusing on enhancing the security of mobile banking and the user-experience.
- For instance, Emirates NBD (ENBD), one of the leading banks in the region invested AED 1 billion for digital transformation. Further, the banks, such as Mashreq and Commercial Bank of Dubai (CBD), have been the early adopters of digital transformation.
- The demand for cybersecurity is expected to increase in the African region, owing to the growth in non-cash volume, fueled by the growing population aged 15-24. This factor is expected to drive the new mobile money and digital payment schemes, with Kenya emerging as the regional leader in the implementation and uptake of mobile payment solutions, such as M-Pesa. Augmenting this trend, ABK Egypt, with 39 branches and 85 ATMs across the country, has employed Cisco’s cybersecurity solution to stay at par with the country’s digital transformation.
- Many local and international banks in the UAE are sharing information to reduce cyberattacks. Gulf banks have invested millions of dollars in boosting cybersecurity systems to combat attacks, which banks can experience. In 2017, the UAE Banks Federation partnered with US-based Anomali (IT Security Company) to create the Information Sharing and Analysis Center, the first such initiative in the Middle East.
- Other banks that participated in the scheme included HSBC, Commercial Bank of Dubai, Barclays, Commercial Bank International, Citibank, Abu Dhabi Commercial Bank, Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Standard Chartered, Noor Bank, National Bank of Fujairah, and Mashreq Bank.

Network Security to Hold the Largest Market Share

- The Middle Eastern society is one of the important adopters of technology, online entertainment, digital media, and social media. Jordan, in particular, has developed itself as a regional tech start-up hub, owing to the factors to an ICT-focused education system, low start-up costs, and the business-friendly government. Its growing reputation is attracting international capital to tap into the region’s underserved growing online market.
- At present, many countries recognize the potential of applying ICT to improve both social and economical conditions. Kuwait, for instance, has taken steps to develop a digital economy, with the development of national-level policies for e-health and e-government. Saudi Arabia received recognition from the World Bank, for the country’s efforts in executing business reforms, such as electronic filing and new payment systems.
- By recognizing the potential of ICT in improving both economic and social conditions, Iran is taking steps to develop the digital economy. However, with the increase in attack frequency and size, there is a high demand for secure networks in order to cope with these kinds of attacks, as well as to avoid facing constant network disruptions and downtime. Thus, various organizations in the region have adopted network security measures, in order to overcome the disturbances to their infrastructure.
- In July 2020, The UAE’s Telecommunications Regulatory Authority (TRA) mentioned that the National Computer Emergency Response Team (aeCERT) repelled more than 100,000 cyberattacks against the Federal Government entities in June.
- TRA stated in its monthly report on cybersecurity developments in the UAE’s Federal Government for June 2020 that 73% of the cyberattacks were malware, 15% vulnerabilities, and 12% phishing attacks. The cybersecurity teams have also handled more than 407 cyber incidents. Over 80% of organizations in the UAE reported at least one cyber-attack in 2019, a survey of 150 senior IT executives in the country found in May 2020.

Competitive Landscape
The cybersecurity market in the Middle East and Africa is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer bases across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and increase their profitability.

- Oct 2020 - Palo Alto Networks announced Prisma Cloud 2.0 which includes four new cloud security modules, enhancing its standing as the industry’s only comprehensive Cloud Native Security Platform (CNSP). A CNSP is designed to secure multi- and hybrid-cloud environments and cloud native applications integrating security across the full DevOps lifecycle.
- Oct 2020 - Dell Technologies partnered with NVIDIA further building on to their relationship to bring smarter GPU acceleration platforms, as a part of Dell EMC PowerEdge server family. The broad selection of NVIDIA GPUs in the Dell EMC PowerEdge server portfolio is expected to provide acceleration to data-driven applications in GPUs.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

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
10% Off


  • 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.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

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

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

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

  • 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.
Purchase Reports From Reputable Market Research Publishers

Latin America Cyber Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 3750
  • February 2021
  • 169 pages

The Latin American Cybersecurity Market was valued at USD 4.84 billion in 2020, and it is projected to be worth USD 9.57 billion by 2026, registering a CAGR of 10.8% during the forecast period (2021-2026). ...

  • Latin America
  • Cybersecurity
  • Industry analysis
  • Manufacturing Output
  • Smartphone Penetration


Reportlinker.com © Copyright 2021. 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