DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The "MEA Cybersecurity Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

This report expects the MEA cybersecurity market size to grow from USD 15.66 billion in 2018 to USD 31.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.

Major growth factors for the market would be an increasing need to meet with government and regulatory requirements, and a growing sophistication level of cyber-attacks.

However, the high cost of innovation for security technologies and budget constraints for Small and Medium-sized Enterprises (SMEs), and easy availability of free and pirated cybersecurity solutions may restrain the growth of the MEA cybersecurity market.

The IAM segment is estimated to hold the largest market size in 2018. The IAM solution has witnessed significant growth in the recent years, as users can quickly and cost-effectively integrate the IAM solution with IAM policies across on-premises, cloud, and hybrid environments

The network security segment is expected to hold the largest market size during the forecast period, owing to the rising number of network security breaches wherein hackers try to gain the access to sensitive data. As vulnerabilities have become more complex and sophisticated, the demand for network security products would increase for countering threats.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 MEA Cybersecurity Market, By Component

7 MEA Cybersecurity Market, By Solution

8 MEA Cybersecurity Market, By Service

9 MEA Cybersecurity Market, By Security Type

10 MEA Cybersecurity Market, By Deployment Mode

11 MEA Cybersecurity Market, By Organization Size

12 MEA Cybersecurity Market, By Vertical

13 MEA Cybersecurity Market, By Region

14 Competitive Landscape

15 Company Profiles

IBM Symantec Fireeye Check Point Cisco Trend Micro Sophos Rapid7 Mcafee Micro Focus Microsoft DXC Technology Imperva Splunk F5 Networks Proofpoint Trustwave Kaspersky Lab Oracle Fortinet Palo Alto Networks Cyberark Forcepoint Darkmatter CA Technologies

For more information about this report visit https://www.researchandmarkets.com/research/cb3bdj/mea_cybersecurity?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005277/en/

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Related Topics:IT Security,Home Security and Safety

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/20/2018 08:25 AM/DISC: 08/20/2018 08:25 AM

http://www.businesswire.com/news/home/20180820005277/en