Middle East Cyber Security Market - Forecast to 2022: Aarkstore
“Rising instances of enterprise targeted cyber-attacks and threats are expected to drive the Middle East cyber security market” 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 ...