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. 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. The increase in cyber threats, digitalization initiatives, and investment in homeland security are driving the market.
The Middle East cyber security market size is expected to grow from USD 14.50 Billion in 2019 to USD 39.80 Billion by 2027, at an estimated Compound Annual Growth Rate (CAGR) of 14%.
The Middle East cyber security market is analysed based on five segments – security types, solutions, services, verticals, and countries.
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.
The services segment is analysed based on consulting service, managed security service, and integration services. The services market revenue is expected to reach $34.37 billion by 2022.
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 Report years.
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.
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. Market Dynamics Drivers Increase in Cyber Threats Digitalization Initiatives Investment in Homeland Security in Middle East Restraints Regulatory Compliance Increase in Operational Cost Opportunities Managed Security Services Providers Business Opportunities in Wireless Security Increase Demand for Cloud Security
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chapter 1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 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
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Solution
5.3.2 By Service
5.3.3 By Security Type
5.3.4 By Deployment Mode
5.3.5 By Organization Size
5.3.6 By Vertical
5.3.7 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rise in Security Breaches Targeting Enterprises
5.4.1.2 Need for Stringent Compliance and Regulatory Requirements
5.4.1.3 Rise in Adoption of Cloud-Based Security Solutions
5.4.1.4 Emergence of Risk-Based Frameworks for Cyber Security
5.4.2 Restraints
5.4.2.1 High Cost of Innovation and Budget Constraints
5.4.2.2 Increased Usage of Free and Pirated Security Solutions
5.4.3 Opportunities
5.4.3.1 Growing Market for Mobile and Web Applications and Platforms
5.4.3.2 Rise in Demand for Integrated and Next Generation Security Solutions
5.4.3.3 Leveraging Big Data Analytics for Cyber Security
5.4.4 Challenges
5.4.4.1 Shortage of Cyber Security Talent
5.4.4.2 Lack of Awareness About Advanced Cyber Threats
5.5 Regulatory Implications
5.5.1 Payment Card Industry Data Security Standard
5.5.2 Health Insurance Portability and Accountability Act
5.5.3 Federal Information Security Management Act
5.5.4 Gramm-Leach-Bliley Act
5.5.5 Sarbanes-Oxley Act
5.5.6 International Organization for Standardization Standard 27001
5.6 Innovation Spotlight
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Key Trends in Cyber Security
6.3.1 The Upswing in Ransomeware
6.3.2 Internet of Things and Rise of Cyber Threats
6.3.3 Rise in Cloud Computing
6.3.4 Advancement in Security Intelligence
6.4 Strategic Benchmarking
6.4.1 Strategic Benchmarking: Technology Integration and Product Enhancement
7 Cyber Security Market Analysis, By Component
7.1 Introduction
7.2 Solution
7.3 Services
8 Cyber Security Market Analysis, By Solution
8.1 Introduction
8.2 Identity and Access Management
8.3 Risk and Compliance Management
8.4 Encryption
8.5 Data Loss Prevention
8.6 Unified Threat Management
8.7 Firewall
8.8 Antivirus/Antimalware
8.9 Intrusion Detection System/Intrusion Prevention System
8.10 Security and Vulnerability Management
8.11 Disaster Recovery
8.12 Distributed Denial of Service Mitigation
8.13 Web Filtering
8.14 Others
9 Cyber Security Market Analysis, By Service
9.1 Introduction
9.2 Managed Services
9.3 Professional Services
9.3.1 Consulting
9.3.2 Training and Education
9.3.3 Support and Maintenance
9.3.4 Design and Integration
9.3.5 Risk and Threat Assessment
10 Cyber Security Market Analysis, By Security Type
10.1 Introduction
10.2 Network Security
10.3 Endpoint Security
10.4 Application Security
10.5 Cloud Security
10.6 Wireless Security
10.7 Others
11 Cyber Security Market Analysis, By Deployment Mode
11.1 Introduction
11.2 Cloud
11.3 On-Premises
12 Cyber Security Market Analysis, By Organization Size
12.1 Introduction
12.2 Small and Medium Enterprises
12.3 Large Enterprises
13 Cyber Security Market Analysis, By Vertical
13.1 Introduction
13.2 Aerospace and Defense
13.3 Government and Public Utilities
13.4 Banking, Financial Services, and Insurance
13.5 IT and Telecom
13.6 Healthcare
13.7 Retail
13.8 Manufacturing
13.9 Others
14 Geographic Analysis
14.1 Introduction
14.2 North America
14.3 Europe
14.4 Asia-Pacific
14.5 Middle East and Africa
14.6 Latin America
15 Competitive Landscape
15.1 Overview
15.2 Competitive Situation and Trends
15.2.1 Agreements, Partnerships, Agreements, and Collaborations
15.2.2 Mergers and Acquisitions
15.2.3 New Product Launches
15.2.4 Business Expansions
16 Company Profiles
16.1 Introduction
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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