This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

The Middle Eastern Cyber Security Market, 2018-2022: Analysis by Type of Solution, Security and Region - ResearchAndMarkets.com

February 25, 2019

DUBLIN--(BUSINESS WIRE)--Feb 25, 2019--The “Middle East Cyber Security Market Outlook to 2022 - By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region” report has been added to ResearchAndMarkets.com’s offering.

Time Period Coverage

Cyber security industry in Middle East registered a positive five year CAGR during 2012-2017. The market size grew constantly from 2012 to 2017.

The growth was mainly driven by threat arising from increasing number of cyber attacks on critical infrastructure which were of national importance. Technological innovations and increasing focus on infrastructure development has also resulted in increase in demand for cyber security. The cyber crimes are one of the biggest concerns for the companies today. The number shows that the companies have to face a lot of loss which are in both tangible as well as intangible form.

Future Outlook

The market for cyber security in the region is estimated to grow by double digit CAGR. This market will be primarily driven by sale of firewall and intrusion detection devices which will acquire most of the market share respectively. The market will primarily grow due to requirements of network security which most of the enterprises fell as the basic necessity in today’s ever evolving cyber threat landscape.

Central and Western region will drive majority of demand in the near future mainly due to diversification of economy in countries as well as digitalization of existing infrastructure. Cloud security is one technology which will have a wide impact on the market.

Market Segmentation

By Region: Central Middle East region is the biggest market for cyber security products which accounted for majority of the market share in 2017, swiftly followed by Western and Southern part. Large number of cyber attacks over the years and rapid digitalization are the major reason behind the growth in the region.

By Type of Solution: The market is dominated by firewall and intrusion detection systems which together acquire majority of the total share in the cyber security market.

By Type of Security: The market based on type of security provided by various vendors is categorized into Network security, Wireless Security, End-point security, Application security, Content security, Cloud security. Network security acquired the major share, which is followed by wireless security and end point security.

Competition Scenario

The developers of cyber security products in Middle East sell their offerings to end users through distributors and system integrators. The report focuses on discussing the competitiveness of both major developers as well as system integrators present in the market.

The market is dominated by major global players although entrance of some other players has resulted in change of market dynamics. The report clarifies the parameters to differentiate one competitors from others and measures through which each company can be evaluated from the perspective of end users.

Segments Covered

Type of Regions

Type of Solution

Type of Security

Companies Covered

Cyber Security Developers

Cyber Security System Integrators

Key Topics Covered in the Report

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005441/en/

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SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/25/2019 06:12 AM/DISC: 02/25/2019 06:12 AM