Middle East Cyber Security Market - Forecast to 2022: Aarkstore
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%.
The Middle East cyber security is driven by various factors, such as need to
mitigate IT security risks and threats including malwares, ransomwares, and
Advanced Persistent Threats (APTs), along with a rising enterprise mobility
trend across organizations. However, the high cost of innovation and budget
constraints of organizations limit the growth of the market.
“The managed services segment is expected to
grow at the highest CAGR during the forecast period”
Organizations are rapidly
expanding their partnership networks to deploy such cyber security solutions
across the Middle East region. Thus, the managed services segment is expected
to grow at the highest CAGR during the forecast period. However, the
professional services segment is expected to have the largest market size in
2017
“The network security segment to play a
significant role over the forecast period”
The network security segment is
expected to have the largest market share during the forecast period, owing to
an increasing use of wireless networks across enterprises and its vulnerability
towards threats and attacks on complex network architectures. Moreover, the
emergence of state-of-the-art integrated wireless network security solutions
has further increased its adoption across organizations.
“Qatar is expected to have the highest growth
rate during the forecast period”
Qatar is expected to grow at the highest CAGR during the forecast period.
This is primarily due to the increasing awarness and adoption of cyber security
solutions and services, need to safeguard smart grid devices, and developing
IoT-based smart cities.
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Full Report: Middle
East Cyber Security Market Forecast
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Benefits of Buying the Report
The report will help the market
leaders/new entrants in this market by providing them with the closest
approximations of the revenue numbers for the overall Middle East cyber
security market and its subsegments. This report will help stakeholders to
better understand the competitor landscape, gain more insights to better
position their businesses, and make suitable go-to-market strategies. The
report also helps the stakeholders to understand the pulse of the market and
provides them with information on key market drivers, restraints, challenges,
and opportunities.
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East Cyber Security Market Forecast
Table of Content
1
Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
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