Middle East Cyber Security Market Worth $22.14 Billion by 2022
Monday, March 20, 2017
PUNE, India, March 20, 2017 /PRNewswire/ --
According to a new market research report "Middle East Cyber Security Market by
Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster
Recovery), Service, Security Type, Deployment Mode, Organization Size, Vertical, and
Country - Forecast to 2022", published by MarketsandMarkets, The Middle East Cyber
Security Market size is expected to grow from USD 11.38 billion in 2017 to USD 22.14
billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 14.2%.
Browse 146 market data tables and 59 figures spread through 250 Pages and in-depth TOC
on "Middle East Cyber Security Market"
Early buyers will receive 10% customization on this report.
The cyber security solutions and services help companies to protect on their endpoints,
network, application, and cloud environment from advanced threats such as malware,
ransomware, DDoS attacks, and Advanced Persistent Threats (APTs). Moreover, increasing
demand from Small and Medium Enterprises (SMEs) operating across diverse industry
verticals and countries is expected to drive the market growth during the forecast period.
Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=121119697
The application security segment to play a key role in the Middle East Cyber Security
The application security segment is projected to grow at the highest CAGR during the
forecast period. Increasing adoption of mobile- and web-based applications and of
enterprise mobility has significantly increased the usage of application security
solutions across the enterprises. Increasing vulnerability on application in the energy
and utilities, BFSI, and IT and telecom industry verticals are triggering the growth of
the Middle East Cyber Security Market.
The government and defense vertical is expected to grow at the highest CAGR in the
Middle East Cyber Security Market
The government and defense industry vertical is expected to contribute the largest
market share and expected to grow at the highest CAGR from 2017 to 2022 in the Middle East
Cyber Security Market, due to increasing instances of cyberattacks on the government
sector and the government-regulated oil and gas companies. The healthcare sector is
expected to grow at the second highest CAGR from 2017 to 2022 in the Middle East Cyber
Security Market, due to the technological proliferation of healthcare applications and
increased instances of data thefts in the sector. The demand for cyber security solutions
is increasing, as the adoption of these solutions provides advanced protection from cyber
threats without affecting the operational efficiency.
Saudi Arabia is expected to contribute the largest market share, whereas Qatar is
projected to grow at the highest rate
Saudi Arabia is expected to have the largest market share and dominate the Middle East
Cyber Security Market from 2017 to 2022, due to the need to safeguard enterprises in
various industrial verticals such as energy and utilities, government and defense, IT and
telecom, and healthcare from advanced threats. Qatar offers potential growth opportunities
in the Middle East Cyber Security Market, as there is a wide presence of SMEs that are
turning towards cyber security solutions to efficiently safeguard their business endpoints,
network, application, and cloud environment.
Inquiry before Buying @
The major vendors in the Middle East Cyber Security Market include Check Point
Software Technologies Ltd (Israel), Cisco Systems, Inc. (U.S.), Computer Sciences
Corporation (U.S.), Forcepoint LLC (U.S.), Hewlett Packard Enterprise Development LP (U.S.)
, Intel Security (U.S.), IBM Corporation (U.S.), Sophos Ltd (U.K.), Symantec Corporation
(U.S.), and Trend Micro, Inc. (Japan).
Browse Related Reports
Adaptive Security Market by Component (Solution, Services), Application (Network
Security, Endpoint Security, Application Security, Cloud Security, Others), Deployment
Mode, Organization Size, Vertical, Region - Global Forecast to 2021
Cyber Security Market by Solutions (IAM, Encryption, DLP, UTM, Antivirus/Antimalware,
Firewall, IDS/IPS, Disaster Recovery), Services, Security Type, Deployment Mode,
Organization Size, Vertical & Region - Global Forecast to 2021
Know More About our Knowledge Store @
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.
Currently servicing 5000 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth
markets following the "Growth Engagement Model - GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most important
customers, write "Attack, avoid and defend" strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets now coming up with
1,500 MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets is determined to benefit more than 10,000 companies this year for their
revenue planning and help them take their innovations/disruptions early to the market by
providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform,
"RT" connects over 200,000 markets and entire value chains for deeper understanding of the
unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website @ http://www.marketsandmarkets.com
||Vive X Announces Second Batch Of Companies To Join Global Accelerator Program | Mar 27, 2017
||Global Martech Leader Adestra Names Bradley Shore Chief Financial Officer | Mar 27, 2017
||New Supermicro Rack Scale Design Brings Open Management for On-Demand Cloud Scale Data Centers | Mar 27, 2017
||GENBAND's New Kandy Business SIP Trunk Solution Allows Service Providers & System Integrators to Reduce Operational Complexities for Businesses while Growing Revenues | Mar 27, 2017
||Kandy Revolutionizes Application Integration for Unified Communications (UC) Clients in Industry First | Mar 27, 2017
||Noble Corporation Announces Partnership With GE On The Digital Rig Solution | Mar 27, 2017
||Cavium FastLinQ® Ethernet First to Achieve Microsoft Windows Server SDDC Premium Certification | Mar 27, 2017
||Solix Announces Speakers for Solix EMPOWER Bangalore 2017 | Mar 27, 2017
||How These Application Software Stocks are Faring? -- Adobe Systems, Fortinet, Allscripts Healthcare, and Red Hat | Mar 27, 2017
||GENBAND and Vodafone Fiji Deliver Unified Communications (UC) over Satellite to Pacific Nations | Mar 27, 2017