Middle East Cybersecurity Market

Middle East Cybersecurity Market Size, Trends & Analysis - Forecasts To 2026 By Component (Solutions, Services), By Services (Professional Services, Managed Services), By Organization Size (Small and Medium-sized Enterprises, Large Enterprises), By Deployment Mode (Cloud, On-premises), By Solution (Identify and Access Management, Risk and Compliance Management, Encryption, Data Loss Prevention, Unified Threat Management, Firewall, Antivirus/Antimalware, Intrusion Detection System/Intrusion Prevention System, Security And Vulnerability Management, Disaster Recovery, Distributed Denial Of Service Mitigation, Web Filtering, Others), By Security Type (Network Security, Endpoint Security, Cloud Security, Industrial Control System Security, Others), By Vertical (Government and Defense, Energy and Utilities, IT and ITES, BFSI, Healthcare, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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Middle East & Africa Cybersecurity Market Insights

The Middle East cybersecurity market is expected to generate revenue amounting to USD 16.15 billion in 2020, and is projected to reach to USD 32.26 billion by 2026, growing at a CAGR of 12.23% over the forecast period. The cyber security enables protection from attacks such as unauthorized access, hacking, injection of codes such as virus and Trojans among others. The increased cyberattacks across heavy industries and stringent government regulations are expected to propel the market for Middle East cybersecurity during the forecast period. The growing need for adoption of advance securing technologies among end users and technological advancements in cloud and IoT are some of the major factors driving the market growth for cybersecurity. The rapid digitalization in the countries, such as the United Arab Emirates and Saudi Arabia, is also driving the market growth. The presence of oil companies along with increasing investments in information and communication technologies is boosting the market growth in the region. Growing vulnerabilities in digital communications networks and supply chains along with growth in the user base of online consumers is also expected to propel the market growth for Middle East cybersecurity market during the forecast period. The expanding BFSI and aerospace & defense sectors in the region is also driving the market growth. However, higher costs of innovation and budget constraints, are likely to hamper the market growth during the forecast period.

Middle East & Africa Cybersecurity Market Size: By Segmentation

The Middle East cybersecurity market is segmented on the basis of deployment type into on-premises and cloud. The cloud-based deployment segment is expected to hold the largest market share and is also expected to grow at a high CAGR in the Middle East cybersecurity market during the forecast period. SMEs in the region have implemented cloud deployment as it helps them to focus on their core competencies, rather than to invest their capital in security infrastructure. The increasing use of cloud-based MSS and the adoption of cybersecurity practices by majority of enterprises in the region is driving the market growth for cloud based deployment segment. Security breaches caused due to unauthorized personnel access to cloud-hosted data centers are relatively less compared to on-premises data centers. The implementation of cloud-based cybersecurity solutions can avoid costs related to hardware, software, storage, and technical staff among others compared to on-premises deployment. These are some of the major factors driving the market growth for cloud based deployment.

On the basis of security type, the Middle East cybersecurity market is segmented into network security, endpoint security, cloud security, and ICS security among others. The network security type segment is expected to hold the largest market share during the forecast period. Rise in demand for network security in end user applications, especially in BFSI, energy, healthcare, and government, is likely to propel the demand for Middle East cybersecurity. The growing trend of BYOD and WFH scenario during the pandemic is driving the market growth for network security. The growing complexity of deploying IT security infrastructure on Operational Technology (OT), and Supervisory Control and Data Acquisition (SCADA) is also propelling the market growth. The rapidly increasing deployment of IoT as a result of digitization is also driving the adoption of network security in the Middle East region during the forecast period.

On the basis of vertical, the market is segmented into BFSI, Government and Defense, Energy and Utilities, Healthcare, IT and ITES among others. The BFSI segment is expected to hold the largest market share in the Middle East cybersecurity market during the forecast period.  The growing number of cyber-attacks in the banking sector along with growing number of financial institutes in the region is driving the market growth for BFSI segment. Emirates NBD (ENBD), one of the leading banks in the region invested AED 1 billion for digital transformation. The banks, such as Mashreq and Commercial Bank of Dubai (CBD), have been the early adopters of digital transformation in the region. The growing demand for mobile and digital payments in the region is also propelling the market growth for cyber security.

Middle East & Africa Cybersecurity Market Size: By Country

The United Arab Emirates (UAE) is expected to dominate the market and also estimated to expand at a rapid pace during the forecast. The expanding BFSI sector and growing oil and gas companies is driving the market growth in the UAE. However, countries such as Oman and Qatar are expected to grow at a significant rate during the forecast period. Increasing business opportunities in oil and gas industry in this region is one of the major factor propelling the market growth for cyber security.

Middle East & Africa Cybersecurity Market Share & Competitor Analysis

Some of the key players operating in the cybersecurity market include: Fireeye, Huawei Fortinet, IBM, Cisco, Palo Alto Networks, Check Point Software Technologies, DTS Solution, Ras Infotech, Codegreen Systems, At&T Cybersecurity, Trend Micro, Sophos, Kaspersky, Mcafee, Forcepoint, Safe Decision, Security Matterz, Infratech, Protiviti, Logrhythm, Malwarebytes, Cato Networks, Help AG, and Securemisr among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In February 2020, Cisco launched a comprehensive security architecture for Industrial IoT (IIoT) in Dubai, UAE.

In February 2020, Fortinet and Equinix partnered to accelerate cloud connectivity.

In January 2020, IBM launched two IBM data centers in the UAE, one in Abu Dhabi and the other in Dubai, to provide cloud managed services to enterprises and help accelerate their journey to the hybrid cloud.

In October 2019, Huawei launched a 5G network in partnership with Zain KSA.

In May 2019, FireEye acquired Verodin, a leading provider in validating the effectiveness of cybersecurity control.

Cybersecurity Market: By Component

  1. Introduction  
    1.  Cybersecurity Market, By Component, 2020-2026 (USD Million)       
  2. Solutions       
    1. Solutions:  Cybersecurity Market, 2020-2026 (USD Million)   
  3. Services        
    1. Services:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Services

  1. Introduction  
    1.  Cybersecurity Market, By Services, 2020-2026 (USD Million)
  2. Professional Services
    1. Professional Services:  Cybersecurity Market, 2020-2026 (USD Million)        
  3. Managed Services    
    1. Managed Services:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Organization Size

  1. Introduction  
    1.  Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)          
  2. Small and Medium-sized Enterprises
    1. Small and Medium-sized Enterprises:  Cybersecurity Market, 2020-2026 (USD Million)
  3. Large Enterprises      
    1. Large Enterprises:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Deployment Mode

  1. Introduction  
    1.  Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)        
  2. Cloud 
    1. Cloud:  Cybersecurity Market, 2020-2026 (USD Million)         
  3. On-premises 
    1. On-premises:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Solution

  1. Introduction  
    1.  Cybersecurity Market, By Solution, 2020-2026 (USD Million)
  2. Identify and Access Management     
    1. Identify and Access Management:  Cybersecurity Market, 2020-2026 (USD Million) 
  3. Risk and Compliance Management  
    1. Risk and Compliance Management:  Cybersecurity Market, 2020-2026 (USD Million)
  4. Encryption     
    1. Encryption:  Cybersecurity Market, 2020-2026 (USD Million)
  5. Firewall         
    1. Firewall:  Cybersecurity Market, 2020-2026 (USD Million)
  6. Data Loss Prevention
    1. Data Loss Prevention:  Cybersecurity Market, 2020-2026 (USD Million)
  7. Unified Threat Management 
    1. Unified Threat Management:  Cybersecurity Market, 2020-2026 (USD Million)
  8. Antivirus/Antimalware          
    1. Antivirus/Antimalware:  Cybersecurity Market, 2020-2026 (USD Million)
  9. Intrusion Detection System/Intrusion Prevention System     
    1. Intrusion Detection System/Intrusion Prevention System:  Cybersecurity Market, 2020-2026 (USD Million)
  10. Security And Vulnerability Management        
    1. Security And Vulnerability Management:  Cybersecurity Market, 2020-2026 (USD Million)
  11. Disaster Recovery      
    1. Disaster Recovery:  Cybersecurity Market, 2020-2026 (USD Million)
  12. Distributed Denial Of Service Mitigation         
    1. Distributed Denial Of Service Mitigation:  Cybersecurity Market, 2020-2026 (USD Million)
  13. Web Filtering  
    1. Web Filtering:  Cybersecurity Market, 2020-2026 (USD Million)
  14. Others
    1. Others:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Security Type

  1. Introduction  
    1.  Cybersecurity Market, By Security Type, 2020-2026 (USD Million)    
  2. Network Security      
    1. Network Security:  Cybersecurity Market, 2020-2026 (USD Million)   
  3. Endpoint Security      
    1. Endpoint Security:  Cybersecurity Market, 2020-2026 (USD Million)
  4. Cloud Security
    1. Cloud Security:  Cybersecurity Market, 2020-2026 (USD Million)
  5. Industrial Control System Security    
    1. Industrial Control System Security:  Cybersecurity Market, 2020-2026 (USD Million)
  6. Others
    1. Others:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Vertical

  1. Introduction  
    1.  Cybersecurity Market, By Vertical, 2020-2026 (USD Million) 
  2. Government and Defense     
    1. Government And Defense:  Cybersecurity Market, 2020-2026 (USD Million) 
  3. Energy and Utilities   
    1. Energy and Utilities:  Cybersecurity Market, 2020-2026 (USD Million)
  4. IT and ITES    
    1. IT and ITES:  Cybersecurity Market, 2020-2026 (USD Million)
  5. BFSI  
    1. BFSI:  Cybersecurity Market, 2020-2026 (USD Million)
  6. Healthcare    
    1. Healthcare:  Cybersecurity Market, 2020-2026 (USD Million)
  7. Others
    1. Others:  Cybersecurity Market, 2020-2026 (USD Million)

Cybersecurity Market: By Region

  1. Introduction  
    1. Middle East  Cybersecurity Market, Regional Analysis, 2020-2026 (USD Million)       
  2. Middle East   
    1. Middle East  Cybersecurity Market, Regional Analysis, 2020-2026 (USD Million)       
      1. By Component
        1. Middle East  Cybersecurity Market, By Component, 2020-2026 (USD Million)
      2. By Services     
        1. Middle East  Cybersecurity Market, By Services, 2020-2026 (USD Million)
      3. By Organization Size  
        1. Middle East  Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)          
      4. By Deployment Mode 
        1. Middle East  Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
      5. By Solution     
        1. Middle East  Cybersecurity Market, By Solution, 2020-2026 (USD Million)
      6. By Security Type
        1. Middle East  Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
      7. By Vertical      
        1. Middle East  Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
      8. By Country      
        1. Kingdom of Saudi Arabia       
          1. By Component
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Component, 2020-2026 (USD Million)
          2. By Services     
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Services, 2020-2026 (USD Million)        
          3. By Organization Size  
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Organization Size, 2020-2026 (USD Million) 
          4. By Deployment Mode 
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million) 
          5. By Solution     
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Kingdom of Saudi Arabia  Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        2. UAE     
          1. By Component
            1. UAE  Cybersecurity Market, By Component, 2020-2026 (USD Million)
          2. By Services     
            1. UAE  Cybersecurity Market, By Services, 2020-2026 (USD Million)    
          3. By Organization Size  
            1. UAE  Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. UAE  Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. UAE  Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. UAE  Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. UAE  Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        3. Qatar  
          1. By Component
            1. Qatar Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Qatar Cybersecurity Market, By Services, 2020-2026 (USD Million)
          3. By Organization Size  
            1. Qatar Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Qatar Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Qatar Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Qatar Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Qatar Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        4. Israel  
          1. By Component
            1. Israel Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Israel Cybersecurity Market, By Services, 2020-2026 (USD Million)
          3. By Organization Size  
            1. Israel Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Israel Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Israel Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Israel Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Israel Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        5. Kuwait
          1. By Component
            1. Kuwait Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Kuwait Cybersecurity Market, By Services, 2020-2026 (USD Million) 
          3. By Organization Size  
            1. Kuwait Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Kuwait Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Kuwait Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Kuwait Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Kuwait Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        6. Bahrain           
          1. By Component
            1. Bahrain Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Bahrain Cybersecurity Market, By Services, 2020-2026 (USD Million)
          3. By Organization Size  
            1. Bahrain Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Bahrain Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Bahrain Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Bahrain Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Bahrain Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        7. Oman 
          1. By Component
            1. Oman Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Oman Cybersecurity Market, By Services, 2020-2026 (USD Million)
          3. By Organization Size  
            1. Oman Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Oman Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Oman Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Oman Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Oman Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        8. Egypt  
          1. By Component
            1. Egypt Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Egypt Cybersecurity Market, By Services, 2020-2026 (USD Million)
          3. By Organization Size  
            1. Egypt Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Egypt Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Egypt Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Egypt Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Egypt Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        9. Turkey
          1. By Component
            1. Turkey Cybersecurity Market, By Component, 2020-2026 (USD Million)     
          2. By Services     
            1. Turkey Cybersecurity Market, By Services, 2020-2026 (USD Million) 
          3. By Organization Size  
            1. Turkey Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)     
          4. By Deployment Mode 
            1. Turkey Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Turkey Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Turkey Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Turkey Cybersecurity Market, By Vertical, 2020-2026 (USD Million)
        10. Rest of Middle East    
          1. By Component
            1.   Rest of Middle East Cybersecurity Market, By Component, 2020-2026 (USD Million)        
          2. By Services     
            1.  Rest of Middle East Cybersecurity Market, By Services, 2020-2026 (USD Million)     
          3. By Organization Size  
            1.   Rest of Middle East Cybersecurity Market, By Organization Size, 2020-2026 (USD Million)
          4. By Deployment Mode 
            1. Rest of Middle East Cybersecurity Market, By Deployment Mode, 2020-2026 (USD Million)
          5. By Solution     
            1. Rest of Middle East Cybersecurity Market, By Solution, 2020-2026 (USD Million)
          6. By Security Type
            1. Rest of Middle East Cybersecurity Market, By Security Type, 2020-2026 (USD Million)
          7. By Vertical
            1. Rest of Middle East Cybersecurity Market, By Vertical, 2020-2026 (USD Million)

The Middle East Cybersecurity Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Middle East Cybersecurity Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Middle East Cybersecurity Market.

Middle East Cybersecurity Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Middle East Cybersecurity Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Middle East Cybersecurity Market

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