firm brand
Global Middle East Cyber Security Market
Global Middle East Cyber Security Market
DUBLIN, March 15, 2024 (GLOBE NEWSWIRE) — Offerings (options and providers), answer sorts, safety sorts, deployment modes (on-premises, cloud, hybrid), group measurement (enterprise, SME), vertical and The “Regions – Forecast to 2028” report has been added to ResearchAndMarkets.com’s providing.
The Middle East cybersecurity market measurement is anticipated to develop from USD 14.8 billion in 2023 to USD 23.4 billion by 2028, at a compound annual development charge (CAGR) of 9.6%.
This report helps present market leaders/new entrants with details about the closest approximation of income figures for the general Middle East Cyber Security market and sub-segments. This report helps stakeholders perceive the aggressive setting, higher place their enterprise and acquire extra insights to plan acceptable go-to-market methods. The report additionally helps stakeholders perceive market developments and offers info on key market drivers, restraints, challenges, and alternatives.
The Middle East cybersecurity market is increasing considerably, pushed by the modern imaginative and prescient outlined in KSA Vision 2030. This formidable initiative is a vital driver that may reshape the regional panorama and affect market dynamics. Complementing this imaginative and prescient is the Middle East’s burgeoning startup ecosystem, which is essential to guiding the trajectory of cybersecurity innovation.
The area is present process speedy digital transformation, and cloud know-how is broadly adopted in quite a lot of initiatives. At the identical time, regulatory measures are evolving to deal with the dynamic menace setting, establishing a robust basis for cybersecurity within the Middle East and fostering a safe digital future.
story continues
By organizational measurement, giant firms maintain a bigger market share
Large firms dominate the Middle East’s cybersecurity market as a consequence of their deep pockets, permitting them the flexibility to spend closely on superior cybersecurity options. With a bigger finances, you’ll be able to afford to rent expert professionals, deploy superior know-how, and implement a complete safety program. This monetary energy permits us to take a long-term method to cybersecurity and guarantee constant investments to construct and preserve a strong safety posture towards evolving threats.
Additionally, giant enterprises working advanced infrastructures and significant knowledge facilities require personalized cybersecurity options, growing spending on this space. The safety of delicate knowledge, strict compliance necessities, and the crucial of threat administration are additional motivating giant enterprises to speculate closely in cybersecurity. Additionally, the centralized decision-making construction of huge enterprises makes it simpler to implement and handle complete cybersecurity applications, emphasizing operational effectivity and enterprise continuity.
The research additionally features a detailed aggressive evaluation relating to the important thing gamers available in the market, firm profiles, key observations associated to merchandise and enterprise traces, latest developments, and key market methods.
Key attributes:
report attributes
element
variety of pages
407
Forecast interval
2023-2028
Estimated market worth in 2023 (USD)
$14.8 billion
Projected market worth to 2028 (USD)
$23.4 billion
compound annual development charge
9.6%
Target space
center east
premium insights
Increasing sophistication of cyber assaults and strict authorities rules driving the market
BFSI phase and KSA to seize most market share in 2023
Solutions phase will preserve bigger market share in the course of the forecast interval
Network safety sector holds the biggest market share in the course of the forecast interval
Israel will emerge as one of the best funding market within the subsequent 5 years
case research evaluation
Trend Micro helps Oman Arab Bank strengthen its cybersecurity, making certain sturdy safety and streamlined administration
Cisco helped Istanbul Grand Airport ship built-in safety that enhances its international profile
Turkcell Global Bilgi will increase cybersecurity agility and effectivity with deployment of Palo Alto Networks VM-Series digital firewalls
Codegreen’s tokenless multi-factor authentication answer helps Lulu Group enhance safety and cut back prices
Ramat Gan City Achieves Secure Digital Transformation with Check Point’s Comprehensive Solution
Market overview and business developments
driver
Rapidly combine digital transformation and cloud computing
Regulatory approaches to the evolving menace setting
Accelerating digital adoption with KSA Vision 2030
A quick-growing startup ecosystem
restraints
alternative
Continued funding by governments and companies to strengthen cybersecurity infrastructure
Demand for cyber insurance coverage insurance policies surges
Strong growth of cybersecurity providers
task
technical evaluation
Company Profile
key participant
IBM
Cisco
palo alto networks
Checkpoint
development micro
fortinet
broadcom
sophos
Trellix
edge group
safe works
CPX
United Arab Emirates
forescout
Protiviti
mandiant
log rhythm
different gamers
Help AG
Moro Hub
DTS answer
Russ Infotech
spider silk
cyber safety consulting
code inexperienced system
malware byte
secure choice
safety points
Kato Networks
cyber gate protection
For extra info on this report, please go to https://www.researchandmarkets.com/r/lja9sc.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply of worldwide market analysis stories and market knowledge. We present the newest knowledge on worldwide and regional markets, key industries, high firms, new merchandise and newest developments.
attachment
Contact: Contact: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com EST Call 1-917-300-0470 for workplace hours. In the US/Canada, name toll-free 1-800-526-8630. GMT For workplace hours + name 353-1-416-8900
Source hyperlink