Middle East & Africa Cybersecurity Market

Middle East & Africa Cybersecurity Market by Solutions (Threat Intelligence & Response Management, Identity & Access Management, Data Loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, and Enterprise Risk & Compliance), Services (Managed Services and Professional Services), Deployments (Cloud and On-Premise), End-user Industries (Aerospace & Defense, BFSI, Healthcare, Manufacturing, Retail, Government, and IT & Telecommunication), and Geographies (UAE, South Africa, Saudi Arabia, and Rest of Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-1663
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 179
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The Middle East & Africa cybersecurity market was valued at USD 1902 Million in 2020 and is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rapid digitalization, which in turn, has increased the number of connected devices and opened new gateways for cyberattacks.

Middle East & Africa Cybersecurity Market Key Takeaways

Cybersecurity products provide access management, authentication procedures, detection, and responses to incidents. It also includes security updates or patch management, data recovery, mitigation of impacts, and risk & compliance management. Cyber security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from attacks. It is also known as IT security or electronic information security.

Network security is the practice of securing a computer network from intruders, such as targeted attackers or opportunistic malware. Application security focuses on keeping software and devices free of threats. A compromised application could provide access to the data designed to protect. Successful security begins in the design stage, before a program or device is deployed. Information security protects the integrity & privacy of data, both in storage and in transit. Operational security includes the processes and decisions for handling and protecting data assets.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing deployment of interconnectivity solutions in financial sector, government services, schools, and hospitals is projected to drive the market growth.
  • Growing vulnerabilities in digital communications networks and supply chains is propelling the market growth during the forecast period.
  • Rapid growth in the user base of online consumers and the deficient cybersecurity infrastructure is expected to spur the market expansion.
  • Rising adoption of transformative digital technologies, through the increasing penetration of the Internet and cloud to enable economic diversification is estimated to drive the market growth.
  • Expanding adoption of cybersecurity solutions for digital platforms to minimize the number of threats is estimated to push the market growth in the coming years.
  • Increasing demand for cybersecurity has gained traction in the water systems and pumping stations, which is anticipated to fuel the market expansion during the forecast period.
  • The COVID-19 pandemic has encouraged remote working practices, which in turn, has grown the adoption of cybersecurity solutions in the region.
  • Growing automation in various end-user verticals has increased the threat of cyberattacks, which is expected to proliferate the growth of the market.
  • Rising R&D investments and increasing transformative digital technological advancements in the Internet and Internet of Things (IoT) are expected to create significant opportunities for the market players.

Scope of the Report

The report on the Middle East & Africa cybersecurity market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Cybersecurity Market - Middle East & Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Solutions (Threat Intelligence & Response Management, Identity & Access Management, Data Loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, and Enterprise Risk & Compliance), Services (Managed Services and Professional Services), Deployments (Cloud and On-Premise), End-user Industries (Aerospace & Defense, BFSI, Healthcare, Manufacturing, Retail, Government, and IT & Telecommunication)

Geographical Scope

UAE, South Africa, Saudi Arabia, and Rest of Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cisco Systems Inc., Dell Technologies, Kaspersky Lab, IBM Corporation, and Check Point Software Technologies Ltd

Middle East & Africa Cybersecurity Market Segment Insights

Security & vulnerability management segment to account a large market share

On the basis of solutions, the market is segmented into threat intelligence & response management, identity & access management, data loss prevention management, security & vulnerability management, unified threat management, and enterprise risk & compliance. The security & vulnerability management segment is expected to constitute a major market share during the forecast period owing to the increasing adoption of latest technologies, online entertainment, digital media, and social media. Growing demand for secure networks in order to cope with cyber-attacks, as well as to avoid facing constant network disruptions and downtime are driving the segment growth.

Professional services segment is expected to expand at a significant pace

Based on services, the market is segregated into managed services and professional services. The professional service segment is expected to grow at rapid pace in the coming years. Companies are opting for professional services to overcome specific challenges through dedicated projects, such as migrating to the cloud or deploying new technology.

Middle East & Africa Cybersecurity Market By Services

Cloud segment to register at a rapid CAGR

In terms of deployments, the market is divided into cloud and on-premise. The cloud segment is anticipated to register a substantial CAGR during the forecast period. Cloud computing offers flexibility, reliability and security, that can remove the burden of business to maintain and upgrade systems.

BFSI segment is projected to hold for a key market share

Based on end-user industries, the market is classified as aerospace & defense, BFSI, healthcare, manufacturing, retail, government, and IT & telecommunication. The BFSI segment is anticipated to constitute a major market share owing to increasing investments in digital innovations, as well as focusing on enhancing the security of mobile banking and the user-experience. Moreover, rapid digitization has boosted the growth of the online payment services, driving the segment growth.

Middle East & Africa Cybersecurity Market By End Users

UAE to dominate the market

On the basis of geographies, the market is categorized as UAE, South Africa, Saudi Arabia and Rest of Middle East & Africa. The UAE is anticipated to dominate the market and is excepted to expand at an impressive CAGR during the forecast period. Rapid shift from conventional transaction to digitization in local and international banks has encouraged deployment of cybersecurity solutions in the UAE is driving the market growth in the country.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cybersecurity Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cybersecurity Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cybersecurity Market - Supply Chain
  4.5. Global Cybersecurity Market Forecast
     4.5.1. Cybersecurity Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cybersecurity Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cybersecurity Market Absolute $ Opportunity
5. Global Cybersecurity Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Cybersecurity Market Size and Volume Forecast by End Users
     5.3.1. Aerospace & Defense BFSI Healthcare Manufacturing Retail  &
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Cybersecurity Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cybersecurity Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cybersecurity Demand Share Forecast, 2019-2026
7. North America Cybersecurity Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cybersecurity Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cybersecurity Market Size and Volume Forecast by End Users
     7.4.1. Aerospace & Defense BFSI Healthcare Manufacturing Retail  &
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cybersecurity Demand Share Forecast, 2019-2026
8. Latin America Cybersecurity Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cybersecurity Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cybersecurity Market Size and Volume Forecast by End Users
     8.4.1. Aerospace & Defense BFSI Healthcare Manufacturing Retail  &
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cybersecurity Demand Share Forecast, 2019-2026
9. Europe Cybersecurity Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cybersecurity Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cybersecurity Market Size and Volume Forecast by End Users
     9.4.1. Aerospace & Defense BFSI Healthcare Manufacturing Retail  &
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cybersecurity Demand Share Forecast, 2019-2026
10. Asia Pacific Cybersecurity Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cybersecurity Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cybersecurity Market Size and Volume Forecast by End Users
     10.4.1. Aerospace & Defense BFSI Healthcare Manufacturing Retail  &
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cybersecurity Demand Share Forecast, 2019-2026
11. Middle East & Africa Cybersecurity Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cybersecurity Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cybersecurity Market Size and Volume Forecast by End Users
     11.4.1. Aerospace & Defense BFSI Healthcare Manufacturing Retail  &
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cybersecurity Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cybersecurity Market: Market Share Analysis
  12.2. Cybersecurity Distributors and Customers
  12.3. Cybersecurity Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Cisco Systems Inc. Dell Technologies Kaspersky Lab IBM Corporation Check Point Software Technologies Ltd
Segments Covered in the Report
The Middle East & Africa cybersecurity market has been segmented on the basis of

Solutions
  • Threat Intelligence & Response Management
  • Identity & Access Management
  • Data Loss Prevention Management
  • Security & Vulnerability Management
  • Unified Threat Management
  • Enterprise Risk & Compliance
  Services
  • Managed Services
  • Professional Services
  Deployments
  • Cloud
  • On-Premise
   End-user Industries
  • Aerospace & Defense
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • IT & Telecommunication
Geographies
  • UAE
  • South Africa,
  • Saudi Arabia and
  •  Rest of Middle East & Africa
Key Players
  • Cisco Systems Inc.
  • Dell Technologies
  • Kaspersky Lab
  • IBM Corporation
  • Check Point Software Technologies Ltd

Key players competing in the Middle East & Africa cybersecurity market include Cisco Systems Inc., Dell Technologies, Kaspersky Lab, IBM Corporation, and Check Point Software Technologies Ltd.

Middle East & Africa Cybersecurity Market By Key Players

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