Middle East and Africa Cyber Security Market Research Report

The Middle East & Africa Cyber Security market size is estimated to grow from USD 7.70 billion in 2015 to USD 14.47 billion by 2020, at an estimated CAGR of 13.4% from 2015 to 2020. Cyber security products are defined by possessing the capability to provide access management, authentication procedures, detection and responses to incidents, security updates or patch management, data recovery, mitigation of impacts, and risk & compliance management.

The cyber security market is experiencing a booming phase because of the need for global cyber security capacity establishment built for a secure and resilient cyberspace. The report aims at estimating the market size and future growth potential of Middle East & Africa Cyber Security market across different segments such as solution, service, vertical and country. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020.

The growing number of mobile workforce, adoption of cloud-based services, and Advanced Persistent Threats (APTs) present a comprehensive opportunity for cyber vendors in the market space. The MEA comprises economies such as Israel, United Arab Emirates, Egypt, Libya, and so on. These are countries where government regulations are very stringent regarding Internet, media, publications, surveillance, and monitoring.

The main revenue source of the MEA is oil and gas. After the major cyber-attack on oil giant, Saudi Aramco in 2012 leaving tens of thousands of infected PCs, the number of government initiatives as well as investments from countries such as Saudi Arabia, UAE for avoiding future data breaches resulting has significantly increased. This has resulted in continual expansion of opportunities for cyber security vendors across the region.  It is expected that the cyber market in Middle East & Africa countries will show enormous growth with credence in the coming years.   

The research methodology used to estimate and forecast the cyber security market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the Europe cyber security market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. 

This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

The Middle East & Africa Cyber Security ecosystem comprises of cyber security solution and service providing vendors such as Intel, Symantec, IBM, CSC, Cisco and Trend Micro among others. They provide cyber security services and solutions to end users to cater to their unique business requirements.

Target audience

• Cyber security vendors
• Networking solution providers
• Independent Software Vendors (ISVs)
• Software vendors
• System integrators
• Value-added resellers
• Service providers and distributors
• Research organizations
• IT security agencies
• Suppliers, distributors, and contractors
• Consulting companies
• Cloud Business Intelligence (BI) platform vendors/cloud infrastructure providers
• Investors and venture capitalists

Scope of the Report

The research report segments the security analytics market to following submarkets:

By Solution:

• Antivirus & Anti-Malware
• Disaster Recovery
• Firewall
• Identity & Access Management
• IDS & IPS
• Security & Vulnerability Management
• Risk & Compliance Management
• Web filtering
• Others

By Service:

• Consulting
• Design & Integration
• Managed Security Services
• Risk & Threat Assessment
• Training & Education

By Vertical:

• Aerospace, Defense & Intelligence
• Banking, Financial Services & Insurance (BFSI)
• Government & Public Sectors
• Healthcare
• Manufacturing
• Retail
• Telecommunication & IT
• Others

By Country:

• Kingdom of Saudi Arabia
• United Arab Emirates
• South Africa
• Rest of Middle East & Africa

Available Customizations

With the given market data, MicroMarketMonitor offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

• Further breakdown of the United Arab Emirates (UAE) Cyber Security market
• Further breakdown of the Iran Cyber Security market
• Further breakdown of the South Africa Cyber Security market

Company Information

Detailed analysis and profiling of additional market players

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