DUBLIN--(BUSINESS WIRE)--The "Middle East And Africa Cyber Security Market (2022-2028) | Share, Industry, Size, Growth, Revenue, Forecast, Value & COVID-19 IMPACT: Market Forecast By Components, By Offerings, By Deployments, By Verticals, By Countries and Competitive Landscape." report has been added to ResearchAndMarkets.com's offering.
The Middle East and Africa Cyber Security Market report comprehensively covers the market by Types, Deployment, Verticals, and by Countries. The Middle East and Africa Cyber Security Market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East and Africa Cyber Security Market Synopsis
The Middle East and African cybersecurity market witnessed decent growth during the previous years owing to growing exposure to digital communication networks and IT sectors such as Digital Saudi plan 2030, UAE Projects of the 50, Oman Vision 2040, and others, along with a rising number of people working remotely increase the need for cyber security in the Middle East and Africa.
Furthermore, the market was initially impacted in 2020 and witnessed slow growth of the ongoing COVID-19 pandemic, as there was a halt in services and people taking time in adopting new technologies. However, the market saw growth on account of increasing investments in ICT sector to enhance information technology-related services, for instance, Saudi Arabia ICT sector increased from $30.9 Billion in 2020 to $32.1 Billion in 2021, the evolution of 5G and 6G technology in South Africa.
According to the analyst, the Middle East and Africa cyber security market are projected to grow at a CAGR of 11.0% during 2022-2028F. During the forecast period, Saudi Arabia is anticipated to generate the highest revenues in the overall cyber security market in the Middle East and Africa region owing to the growing adoption of cloud computing, and artificial intelligence along with the Saudi Arabia government's initiative to launch Vision 2030 under which CyberIC would be developed for the domestic cybersecurity sector which would result in larger utilization of cyberspace, and in turn, would generate new areas of application for cyber security products and services.
Market by Deployment
Based on deployment, in 2021, on-premise-based deployment acquired the highest revenue share in the overall Middle East and Africa region owing to full control over user security by keeping the data in the hands of the organizations without requiring third-party service providers' intervention.
However, the lower upfront and ongoing cost of cloud-based deployment of cyber security solutions are making it a popular choice among SMEs, and on the rise of remote working culture, IT decision-makers concur that they must use new cloud services. Thus, significant growth is anticipated in cloud-based deployment.
Market by Countries
Based on Countries, in 2021, Saudi Arabia acquired the highest revenue share in the overall Middle East and Africa on account of growing government initiatives such as the National Transformation Program 2020, Saudi Arabia Vision 2030 which aims to boost digitalization and increase the ICT sector in the country.
Further, the country has improved its rank from 11 to rank 2 in the world among countries committed to cybersecurity at a global level.
Market Scope and Segmentation
By Types
- Enterprise Cyber Security Products
- Enterprise Cyber Security Products
- Consumer Software
By Deployment
- On-Premises
- Cloud
By Verticals
- Government and Defense
- BFSI
- Retail
- IT and Telecom
- Energy and Utilities
- Manufacturing
- Healthcare and Hospitality
- Others (Water Treatment Plants, Chemical Industry etc.)
By Countries
- Saudi Arabia
- UAE
- South Africa
- Kenya
- Nigeria
- Egypt
- Lebanon
- Turkey
- Jordan
- Qatar
- Kuwait
- Bahrain
-
Oman
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Middle East and Africa Cyber Security Market Overview
4. Middle East and Africa Cyber Security Market - Impact Analysis of COVID-19
5. Middle East and Africa Cyber Security Market Dynamics
6. Middle East and Africa Cyber Security Market Trends and Evolution
7. Saudi Arabia Cyber Security Market Overview
8. UAE Cyber Security Market Overview
9. South Africa Cyber Security Market Overview
10. Egypt Cyber Security Market Overview
11. Kenya Cyber Security Market Overview
12. Jordan Cyber Security Market Overview
13. Turkey Cyber Security Market Overview
14. Lebanon Cyber Security Market Overview
15. Nigeria Cyber Security Market Overview
16. Qatar Cyber Security Market Overview
17. Kuwait Cyber Security Market Overview
18. Bahrain Cyber Security Market Overview
19. Oman Cyber Security Market Overview
20. Middle East & Africa Cyber Security Market Competitive Landscape
21. Middle East & Africa Cyber Security Market Company Profiles
22. Key Strategic Recommendations
23. Disclaimer
Companies Mentioned
- Cisco Systems, Inc.
- Dell Technologies Inc.
- ESET
- FireEye Inc.
- Fortinet Inc.
- IBM Corporation
- Kaspersky Lab
- Microsoft Corporation
- NEC Corporation
- Norton LifeLock Inc.
- Palo Alto Networks, Inc.
- Trend Micro
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