The increase in cyber threats, digitalization initiatives, and investment in homeland security are driving the market. The Middle East cyber security market is expected to grow at a CAGR of 22.5% during the period 2016–2022. The study covers and analyzes “Middle East Cyber Security Market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalist in understanding the companies better and take informed decisions.
The Middle East cyber security market is analysed based on five segments – security types, solutions, services, verticals, and countries.
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The security types segment is analysed based on cloud security, wireless security, network security, and application security. Cloud security is one of the important factors for organizations (small to larger) and adoption of this security will help enterprises in terms of reducing capital expenditure, increasing the productivity, business agility, ease of adaptation to market, and data protection. The cloud security market revenue is expected to reach $20.20 billion by 2022.
The services segment is analysed based on consulting service, managed security service, and integration services. The services market revenue is expected to reach $34.37 billion by 2022. The Middle East cyber security market is also analysed by verticals – BFSI, Energy & Utilities, Retail & wholesale distribution, IT & Telecom, Aerospace & Defence, Manufacturing, Healthcare, Transportation & Logistics, Government, Hospitality, Media & Entertainment, and Education. The BFSI and Energy & Utilities industries are going to contribute around 34% of the market share for the Middle East cyber security market in 2016. The Education and Transportation & Logistics verticals are set to be the emerging verticals for the Middle East cyber security market growth in the upcoming years.
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As per the market study, Saudi Arabia, Turkey, and UAE countries will outperform for cyber security market growth and Saudi Arabia market revenue is expected to reach $11,950.0 million by 2022. BFSI and Energy & Utilities industries are set to be the major verticals and together they will contribute around 34% of the market share for cyber security market in 2016. The Education & Transportation & logistics industry is set to be an emerging market.
“Predominantly, the factors driving the growth are positive economic conditions, large-scale investments on ICT, mobile security solutions, infrastructure engineering such as smart cities projects, intelligent transportation, travel & tourism, upcoming Dubai EXPO, and FIFA World Cup in Qatar.”
Major points from TOC:
1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Market Trends
7 Cyber Security Types: Market Size and Analysis
8 Services: Market Size and Analysis
9 Solutions: Market Size and Analysis
10 Countries: Market Size and Analysis
11 Verticals: Market Size and Analysis
12 Global Generalist
13 Companies to Watch for
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