Middle East Cyber Security Market Size, Share, By Offering (Solutions and Services), By Deployment (On-Premise and Cloud), By End-User (BFSI, Healthcare, IT & Telecommunication, Retail, Manufacturing, and Others), and By Country (GCC, Israel, Saudi Arabia, and Rest of Middle East) - Trends, Analysis and Forecast till 2034

Middle East Cyber Security Market Size was valued at US$ 16.1 billion in 2024 and is expected to grow at a CAGR of 10.3% to reach US$ 39.3 billion by 2034

Middle East Cyber Security refers to the methods, technologies, and procedures used to protect computer systems, networks, data, and critical infrastructure against cyber-attacks throughout the Middle East area. Many Middle Eastern countries have created thorough national cyber security plans in response to the surge in state-sponsored cyber activity, geopolitical unrest, and the digitization of numerous industries. These include strengthening cyber defenses, encouraging public-private partnerships, putting solid regulatory frameworks in place, and prioritizing safeguarding vital infrastructure like energy, telecommunications, and banking networks. The area has seen a rise in the cyber security sector, which provides services including risk assessments, penetration testing, security awareness training, and the implementation of state-of-the-art security solutions to combat cybercrime, cyberterrorism, and cyber espionage. In addition, efforts have been made to address the need for more experts in this industry by developing cybersecurity capacity through training courses, certifications, and chances for skill development. In the face of a cyber-threat landscape that is constantly changing, public-private partnerships and information exchange are essential for organizing incident response activities and encouraging best practices.

The growing number of cyber threats, the ever-increasing digitization of many industries, and the necessity of safeguarding vital infrastructure from possible cyberattacks are the main drivers propelling the MEA Cyber Security Market. Strong cyber defenses are also more important now in the region because of the frequency of state-sponsored cyber activity, geopolitical unrest, and the potential of cyberterrorism. Government obligations to comply with strict regulations and improve cyber security procedures across businesses are also propelling market expansion. Still, a number of reasons need to be improved for the growth and broad acceptance of the MEA Cyber Security Market. One significant issue impeding the successful deployment and administration of cyber defense plans in the region is the need for qualified cybersecurity personnel.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Key Drivers of Target Market:

Increasing cyber threats:

• Robust cybersecurity solutions and services are in high demand due to the Middle East region's recent notable increase in cyber threats and cyberattacks. This panorama of increased threat is the result of several things. For example, state-sponsored cyber operations and cyber espionage attempts have increased due to the continuous geopolitical tensions and wars in the Middle East, as countries seek to achieve strategic advantages through cyber means.
• In addition, ransomware attacks, data breaches, and other nefarious actions have made the region a target for cybercriminal groups looking to profit financially. Critical infrastructure and national security are also in danger from the growing threat of cyberterrorism from extremist organizations and non-state actors. The MEA cybersecurity industry is expanding as governments and businesses are forced to prioritize cybersecurity and make significant investments in strong defenses against increasingly frequent and sophisticated cyberattacks.

Advancement in technology and IoT adoption:

• Several industries, including manufacturing, energy, healthcare, and government, are rapidly undergoing digital transformation in the Middle East. A hallmark of this digital shift is the broad use of big data analytics, cloud computing, artificial intelligence (AI), and the Internet of Things (IoT). Organizations in the region are now facing more significant cybersecurity threats and a substantially larger attack surface due to the growth of IoT devices. Because they frequently have limited resources and weak security measures, Internet of Things (IoT) devices can act as entry points for cybercriminals, opening up whole networks and systems to potential vulnerabilities.
• Investing extensively in smart city programs, several Middle Eastern nations want to improve urban infrastructure, transportation, and public services via networked IoT devices and systems. Strong cybersecurity measures are required to handle the increasing cyber hazards of the increased connection and data interchange linked with these activities. Furthermore, strong cybersecurity solutions and services are in high demand in the Middle East due to the region's growing use of digital technologies and the emergence of the Internet of Things, making cybersecurity a crucial part of digital transformation programs.

Restrains:

Limited skilled professionals:

• A notable impediment to the expansion of the MEA Cyber Security Market is the absenceneed for more proficient cybersecurity experts within the area. There is a large skill gap since the demand for cybersecurity specialists exceeds supply. Due to their inability to draw in and keep skilled cybersecurity professionals, many Middle Eastern enterprises are open to cyberattacks.
• There might be severe repercussions from this lack of qualified cybersecurity people, such as greater susceptibility to cyberattacks, insufficient incident response skills, and problems with compliance. Governments, academic institutions, and the commercial sector must work together to build cybersecurity education and training programs, support talent development, and establish appealing employment possibilities in the area to overcome this constraint.

Opportunities:

Growing smart city initiatives

• The Internet of Things (IoT) and smart city efforts are expanding significantly in the Middle East, which presents a massive opportunity for the cybersecurity business in the area. Many Middle Eastern nations are making significant investments in the creation of smart cities, which maximize public services, transportation, utilities, and urban infrastructure via linked systems, sensors, and IoT devices. These smart city projects produce large volumes of data, which also introduce fresh cyberthreats that require the use of reliable cybersecurity solutions.
• Moreover, the extensive integration of IoT devices in diverse domains such as industrial, healthcare, and consumer applications has broadened the scope of attacks and presented novel cybersecurity obstacles. IoT security solutions are required because IoT devices frequently have weak security features and might act as entry points for cybercriminals. The Middle East presents a tremendous potential for cybersecurity vendors and service providers as the region's adoption of IoT and smart city efforts develop. This will raise demand for cybersecurity solutions and services to secure these linked systems and devices.

The market is segmented based on Offering, Deployment, End-User and Region.

Offering Insights:

• Solutions: This section covers a broad spectrum of cybersecurity solutions intended to protect networks, computer systems, and data against interruption, alteration, disclosure, unauthorized access, and destruction. Preventive, investigative, and remedial controls are the major categories into which these technologies fall.
• Services: This market segment serves businesses looking for cybersecurity specialists or wanting to outsource cybersecurity work. Managed Security Services (MSS) and Professional Services are the primary divisions.

Deployment Insights:

• On-Premise: This conventional method involves installing and managing cybersecurity gear and software on the company's IT infrastructure. Although more gear and knowledge must be invested in, this gives the user more control.
• Cloud: Cloud-based cybersecurity solutions are provided as a service over the internet. This has the advantages of flexibility, scalability, and lower upfront expenses, but it also raises questions about data security and dependency on other sources.

End-User Insights:

• BFSI: The sensitive financial data that banking institutions hold makes them easy targets for hackers. Strong security measures are necessary to adhere to legal requirements and safeguard client data.
• Healthcare: Healthcare businesses are subject to cyberattacks that try to steal medical information or disrupt healthcare services. Additionally, these institutions handle sensitive patient data.
• IT & Telecommunication: Attacks that disrupt services or steal data frequently target these businesses, considered essential infrastructure. Robust security measures must safeguard networks and client data.
• Retail: Retailers save a tonne of information about their customers, including names, addresses, credit card numbers, and past purchases. Cybercriminals will stop at nothing to obtain this data, which they may use for credit card fraud, identity theft, or black market sales.
• Manufacturing: The manufacturing industry increasingly depends on automation processes, industrial control systems (ICS), and networked machinery. These networked devices, the Industrial Internet of Things (IIoT), present fresh opportunities for hackers to sabotage manufacturing processes, steal confidential information, or physically harm machinery.
• Others: All other sectors not covered above, such as government, education, and transportation, fall under this category as they, too, need cybersecurity solutions to safeguard their systems and data.

Country Insights

• GCC: The GCC area, which includes nations like the UAE, Qatar, Kuwait, and Bahrain, is seeing a notable increase in cyber security as a result of the swift adoption of new technology and the digital transformation of the region.
• Israel: A flourishing ecosystem of cybersecurity firms and a strong focus on innovation and research have made Israel a global leader in cyber security.
• Saudi Arabia: Saudi Arabia is making significant investments in cyber security to safeguard its vital infrastructure, which includes projects for smart cities and the energy industry.
• Rest of Middle East: Due to rising levels of digitization and the need to defend against cyber attacks, nations like Egypt, Turkey, and Iran are also seeing increased demand for cyber security solutions.

Middle-East Cyber Security Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Offering, Deployment, End-User and Region.

Segmentation:

By Offering:

• Solutions
• Services

By Deployment:

• On-Premise
• Cloud

By End-User:

• BFSI
• Healthcare
• IT & Telecommunication
• Retail
• Manufacturing
• Others

By Region:

• Middle East
  • GCC
  • Israel
  • Saudi Arabia
  • Rest of Middle East

The key players operating the Middle-East Cyber Security Market include Beyon Cyber, Palo Alto Networks, DTS Solutions, LLC, Trend Micro Inc., Microsoft Corporation, Broadcom, Help AG, Sophos Ltd., Fortinet Inc., Secureworks, Inc., Cisco Systems, Inc., Check Point Software Technologies Ltd., Trellix, CPX, and IBM Corporation.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In January 2023, Beyon Cyber, a cybersecurity and security testing company, declared its intention to purchase a majority stake in DTS Solution, an engineering and consulting firm focused on cybersecurity. The companies claim that DTS supports Beyon's strategic objectives of improving its cybersecurity capabilities. It helps Beyon satisfy the security needs of global enterprises by offering cybersecurity services and products.
• In December 2022, Trend Micro Incorporated, a global cybersecurity pioneer, inaugurated its Middle East and Africa (MEA) headquarters in Riyadh, Saudi Arabia. The new MEA HQ will strengthen partnerships with public and private institutions, assist the cybersecurity ecosystem in the region, and accelerate the transition to a safer digital future—all in line with the Kingdom's Vision 2030 and the greater region's digital objectives.

• Beyon Cyber*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Palo Alto Networks
• DTS Solutions, LLC
• Trend Micro Inc.
• Microsoft Corporation
• Broadcom
• Help AG
• Sophos Ltd.
• Fortinet Inc.
• Secureworks, Inc.
• Cisco Systems, Inc.
• Check Point Software Technologies Ltd.
• Trellix
• CPX
• IBM Corporation

“*” marked represents similar segmentation in other categories in the respective section.

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Preview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Offering
     • Market Snippet, By Deployment
     • Market Snippet, By End-User
     • Market Snippet, By Region
   • Opportunity Map Analysis
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • Product Launch
   • Merger and Acquisitions
   • Impact Analysis
   • PEST Analysis
   • Porter’s Analysis

Market Segmentation, Offering, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Solutions
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Services
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Segment Trends

Market Segmentation, Deployment, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• On-Premise
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Cloud
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, End-User, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• BFSI
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Healthcare
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• IT & Telecommunication
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

• Retail
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Manufacturing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Country, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• Middle East and Africa
  • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Power, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Propulsion System, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • Saudi Arabia
    • Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Company Profiles
  • Beyon Cyber
  • Palo Alto Networks
  • DTS Solutions, LLC
  • Trend Micro Inc.
  • Microsoft Corporation
  • Broadcom
  • Help AG
  • Sophos Ltd.
  • Fortinet Inc.
  • Secureworks, Inc.
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.
  • Trellix
  • CPX
  • IBM Corporation

The Last Word

• Future Impact
• About Us
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