2019 Study on the UAE Managed Security Services Market: Analysis & Forecasts through 2018-2024 - Set to Record a CAGR of More Than 13.6% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 28, 2019--The “UAE Managed Security Services Market (2018-2024): Market Forecast by Services Types, by Sectors, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
The role of cloud computing is becoming more prominent in UAE with the government actively promoting modernization as well as diversification in cyberspace through various initiatives such as the Emirates Blockchain Strategy 2021. These initiatives will result in higher adoption of MSS services among several organizations.
According to this research, the UAE managed security services market is projected to grow at a CAGR of over 13.6% during 2018-2024.
The Security Assets Monitoring & Management (SAMM) Service type occupied the maximum revenue share in the overall UAE MSS market in 2017 owing to the increasing role of digitalization across several enterprises, including cloud migration, software-defined networks (SDN) and the Internet of Things (IoT). Further, on account of rapid infrastructure development in the country and the need to monitor the growing data volumes in real time, the demand for SAMM service would increase in the coming years.
The banking, financial services & insurance application market accounted for a major share of market revenues due to the higher probability of cyber threats in the banking sector. Banking organizations hold confidential data of multiple customers which is a common target for many cyber crimes. Therefore, the use of managed security services in the BFSI sector becomes necessary. Additionally, several government compliances make it mandatory for companies in the energy domain to adopt MSS for managing their routine activities.
By Services TypesSecurity Assets Monitoring & Management Threat Intelligence, Research, Detection & Remediation Risk & Compliance Management Advance & Emerging Managed Security Services
By SectorsBanking, Financial Services and Insurance (BFSI) Energy Healthcare Information Communication and Technology Others
By RegionsDubai Emirate Abu Dhabi Emirate Other Emirates
Companies ProfiledDark Matter LLC DTS Solution eHosting DataFort Emirates Telecommunication Corporation Fortinet Help AG LogRhythm Inc. McAfee LLC Paladion Paramount Computer Systems FZ-LLC
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Related Topics:IT Security
INDUSTRY KEYWORD: TECHNOLOGY SECURITY
SOURCE: Research and Markets
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PUB: 01/28/2019 05:48 AM/DISC: 01/28/2019 05:48 AM