MEA Cybersecurity Market to 2023 - Increasing Demand for Cloud-Based Data Protection Solutions

Feb 15, 2019

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The "MEA Cybersecurity Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

This report expects the MEA cybersecurity market size to grow from USD 15.66 billion in 2018 to USD 31.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period. 

The rising sophistication level of cyber-attacks, increasing government compliances and regulatory requirements, and growing proliferation of smart city and digitization projects in the region have led enterprises to adopt cybersecurity solutions and services for detecting and responding to advanced cyber threats and data breaches. Moreover, the Small and Medium-sized enterprises (SMEs) are adopting cybersecurity solutions at a large scale, as they are more vulnerable to cyber-attacks and data breaches. With the adoption of cybersecurity solutions, organizations can effectively maintain and secure their critical information from data breaches and respond to cyber incidents more efficiently. The cybersecurity solutions help organizations optimize employees' productivity, protect sensitive data and applications, and comply with stringent regulations.

Cybersecurity solutions include Identity and Access Management (IAM), risk and compliance management, encryption, Data Loss Prevention (DLP), Unified Threat Management (UTM), Firewall, Antivirus/Antimalware, Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Security and Vulnerability Management, Disaster Recovery, Distributed Denial of Service (DDoS) Mitigation, Web Filtering, and Others (Application Whitelisting and Patch Management). 

The IAM segment is expected to dominate the market during the forecast period and estimated to have the largest market size in 2018. The encryption solution would play a key role in changing the MEA cybersecurity marketspace. As a result, the encryption segment is expected to grow at the highest CAGR during the forecast period. The encryption solution enables enterprises to hide their critical data from unauthorized bad actors.

The IT and telecom vertical is expected to be the fastest growing vertical, as it has to meet stringent legal and regulatory compliances associated with information security. Small and Medium-sized Enterprises (SMEs) continue to deploy cybersecurity solutions, as they are facing security concerns and cyber-attacks, such as Denial of Services (DoS) attacks, virus, worms, Trojan horse infections, illegal inside activities, and cyberespionage.

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High-Intensity Cyber-Attacks Expected to Induce Growth in the MEA Cybersecurity Market
5.2.1.2 Increasing Government Compliances and Regulatory Requirements
5.2.1.3 Rising Enterprise Mobility Trend Across Organizations
5.2.1.4 Proliferation of Smart City and Digitization Projects in the Middle Eastern Region
5.2.2 Restraints
5.2.2.1 High Cost of Innovation for Security Technologies and Budget Constraints for SMEs
5.2.2.2 Easy Availability of Free and Pirated Cybersecurity Solutions
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Cloud-Based Data Protection Solutions
5.2.3.2 Increase in Iot-Focused Cyber Threats
5.2.4 Challenges
5.2.4.1 Lack of Awareness Regarding Advanced and Sophisticated Cyber Threats
5.2.4.2 Shortage of Security Skills Among Security Professionals and Lack of Preplanning Among Enterprises
5.3 Regulatory Landscape
5.4 Best Practices in Cybersecurity
5.5 Use Cases
5.5.1 Anomaly Detection Solutions Adopted By an Electric Power and Gas Company
5.5.2 Dependence of A Leading IT and Telecom Company on DDOS Protection and Mitigation Solutions
5.5.3 Large-Scale Adoption of Email Encryption in A Financial Organization
5.5.4 Need for the Best-In-Class Data Protection Solutions for A Healthcare Organization
5.5.5 Adoption of Disaster Recovery Solutions By A Retail Company
5.6 Innovation Spotlight
5.6.1 Corero Network Security
5.6.2 Deep Instinct
5.6.3 XM Cyber
5.6.4 Cyberbit
5.6.5 L7 Defense
5.6.6 Seceon
5.6.7 Sekur Me

6 MEA Cybersecurity Market, By Component 

6.1 Introduction
6.2 Solutions
6.3 Services

7 Market By Solution 

7.1 Introduction
7.2 Identity and Access Management
7.3 Risk and Compliance Management
7.4 Encryption
7.5 Data Loss Prevention
7.6 Unified Threat Management
7.7 Firewall
7.8 Antivirus/Antimalware
7.9 Intrusion Detection System/Intrusion Prevention System
7.10 Security and Vulnerability Management
7.11 Disaster Recovery
7.12 Distributed Denial of Service Mitigation
7.13 Web Filtering
7.14 Others

8 MEA Cybersecurity Market, By Service 

8.1 Introduction
8.2 Professional Services
8.2.1 Design and Implementation
8.2.2 Risk and Threat Assessment
8.2.3 Consulting
8.2.4 Training and Education
8.2.5 Support and Maintenance
8.3 Managed Services

9 Market By Security Type 

9.1 Introduction
9.2 Network Security
9.3 Endpoint Security
9.4 Application Security
9.5 Cloud Security
9.6 Others

10 MEA Cybersecurity Market, By Deployment Mode 

10.1 Introduction
10.2 On-Premises
10.3 Cloud
10.4 Hybrid

11 Market By Organization Size 

11.1 Introduction
11.2 Small and Medium-Sized Enterprises
11.3 Large Enterprises

12 MEA Cybersecurity Market, By Vertical 

12.1 Introduction
12.2 Government and Defense
12.3 Energy and Utilities
12.4 Banking, Financial Services, and Insurance
12.5 IT and Telecom
12.6 Healthcare
12.7 Retail
12.8 Manufacturing
12.9 Others

13 MEA Cybersecurity Market, By Region 

13.1 Introduction
13.2 Middle East
13.2.1 Kingdom of Saudi Arabia
13.2.2 Egypt
13.2.3 Israel
13.2.4 United Arab Emirates
13.2.5 Rest of Middle East
13.3 Africa
13.3.1 Algeria
13.3.2 Morocco
13.3.3 Nigeria
13.3.4 South Africa
13.3.5 Rest of Africa

14 Competitive Landscape 

14.1 Overview
14.2 Competitive Scenario
14.2.1 Partnerships, Agreements, and Collaborations
14.2.2 New Product Launches
14.2.3 Mergers and Acquisitions
14.2.4 Business Expansions

15 Company Profiles 

15.1 Introduction
15.2 IBM
15.3 Symantec
15.4 Fireeye
15.5 Check Point
15.6 Cisco
15.7 Trend Micro
15.8 Sophos
15.9 Rapid7
15.10 Mcafee
15.11 Micro Focus
15.12 Microsoft
15.13 DXC Technology
15.14 Imperva
15.15 Splunk
15.16 F5 Networks
15.17 Proofpoint
15.18 Trustwave
15.19 Kaspersky Lab
15.20 Oracle
15.21 Fortinet
15.22 Palo Alto Networks
15.23 Cyberark
15.24 Forcepoint
15.25 Darkmatter
15.26 CA Technologies

For more information about this report visit https://www.researchandmarkets.com/research/km22zk/mea_cybersecurity?w=5

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