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Middle East and Africa Cybersecurit...

Historical and Forecast Market Trends

2018-34

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The Middle East and Africa cybersecurity industry is being driven by the rising incidences of cyberattacks in the region, especially in Saudi Arabia and the UAE. This can be associated with the heightened digitalisation in the region, in the organisations across industry verticals. The increased investments in the cybersecurity sector to mitigate the threat of data breach and leak is also predicted to bolster the market growth in the coming years. The demand for improved security facilities in enterprises across industries is also expected to aid the market growth. The rising penetration of smartphones in the region is predicted to significantly impact the market growth in the forecast period.

The rising demand for safety and security from any cyber threats is driving leading market players to invest in the development of digital skills and providing real-time security services to the consumers, which is expected to positively impact the industry growth in the forecast period. In September 2021, Cisco Systems Inc. (NASDAQ: CSCO) announced the partnership with the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) to aid in developing the digital skills of trainers in the fields of cybersecurity and programming with the use of Cisco Networking Academy (NetAcad). In addition, another leading cybersecurity vendor, IBM Corporation (NYSE: IBM), in a press release dated December 2020, announced the opening of its first security operations centre in Saudi Arabia, which is built to provide security services, especially responding to cybersecurity incidents to private and government sector consumers. These developments are expected to significantly impact the growth of the cybersecurity industry in the forecast period.

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Market Breakup by Solution, Service, Deployment, End-Use, and Region:

  • The market is divided on the basis of solutions into threat intelligence and response management, identity and access management, data loss prevention management, security and vulnerability management, unified threat management, enterprise risk, and compliance.
  • On the basis of service, the market can be distributed into managed services and professional services.
  • Based on deployment, the industry is segregated into cloud and on-premise.
  • The industry is segmented on the basis of end-use into aerospace and defence, BFSI, healthcare, manufacturing, retail, government, IT, and telecommunication, among others.
  • The regional markets can be divided into Saudi Arabia, United Arab Emirates, Israel, Nigeria, and South Africa, among others.

Key Findings of the Report:

  • The growth of the industry is being driven by the increasing demand for efficient security mechanisms across industry verticals.
  • The growing digitalisation has significantly contributed to the market expansion.
  • Increased investments in the R&D of cybersecurity technologies are also aiding the industry's growth.
  • The rising incidences of cyberattacks in the region are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the Middle East and Africa market for cybersecurity for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the solutions, services, deployments, end-uses, and regions of cybersecurity.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Middle East and Africa cybersecurity market are Cisco Systems Inc., Dell Inc., IBM Corporation, Broadcom Inc., and CIPHER LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Solution
  • Service
  • Deployment
  • End Use
  • Region
Breakup by Component
  • Solution
  • Services
Breakup by Solution
  • Threat Intelligence and Response Management
  • Identity and Access Management
  • Data Loss Prevention Management
  • Security and Vulnerability Management
  • Unified Threat Management
  • Enterprise Risk and Compliance
Breakup by Service
  • Managed Services
  • Professional Services
Breakup by Deployment
  • Cloud
  • On-premise
Breakup by End Use
  • Aerospace and Defence
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • IT and Telecommunication
  • Others
Breakup by Region
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Nigeria
  • South Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cisco Systems Inc.
  • Dell Technologies
  • IBM Corporation
  • Broadcom Inc.
  • CIPHER
  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • Oracle Corporation
  • Accenture Plc
  • Qualys, Inc.
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