HOME Analyst Briefings Analyst Briefing Presentation on “Middle East Critical Infrastructure Protection (CIP) Market - Advancements, Business Models, Technology Roadmap & Market Forecasts & Analysis (2013 – 2018)”


Analyst Briefing Presentation on “Middle East Critical Infrastructure Protection (CIP) Market - Advancements, Business Models, Technology Roadmap & Market Forecasts & Analysis (2013 – 2018)”

The Telecom and IT practice at MarketsandMarkets is pleased to announce its Analyst Briefing on Middle East Critical Infrastructure Protection (CIP) Market - Advancements, Business Models, Technology Roadmap & Market Forecasts & Analysis (2013 – 2018).”, to be held 13 November, 2013.

Critical Infrastructure Protection (CIP) is being adopted gradually in all the countries of the Middle East across various industry verticals. Deployment of comprehensive security solutions has enabled the enterprises to concentrate on their core business objective. Infrastructure protection helps businesses by providing security against the uncertainties, threats and attacks with the right response, at the right time, enabling them to run efficiently and effectively.

Middle East countries are estimated to have more than 80 percent of world’s proven oil reserves. Today, due to aged infrastructure and ever growing demand, the utility and energy companies are spending billions of dollars to adopt best security practices that are at par with the global standards. Globally, revenues for security services are increasing with the rising demand for cost saving and business automation enhancing solutions. While organizations across the globe are looking forward for solutions that integrate the security aspect into their mainstream process workflows, the service providers are optimistic about enriching their offerings by delivering value added services. Middle East Critical infrastructure security solutions blends traditional physical security process such as video surveillance, intrusion alarms and access controls with sophisticated network security technologies for protection against cyber threats. It enables the energy organizations to deliver value added business outcomes. These solutions also help in managing the fragmented businesses of the enterprise across the geographies from a central node, while also ensuring flexibility, in terms of accessibility, deployment and scalability of the solutions.

Major forces driving this market in Middle East are the increasing dependency of the government and commercial organizations on IT communications, increasing political instability across the Middle East nations, increasing spending in upstream oil and gas spending, increasing deployment of process automation across all verticals, increasing threats from physical and cyber attacks and the market trend of deploying best practices for a better response in case of emergencies. The need for cost effective business processes is soaring as organizations aim to gain a competitive edge in the industry. Security solutions today ensure both cost efficiency and reliability as they deploy the traditional physical security technologies and the modern cyber security solutions as well. Globally, revenues for security services are increasing with the rising demand for cost saving and business automation enhancing solutions. While organizations across the globe are looking forward for solutions that integrate the security types into their mainstream process workflows, the service providers are optimistic about enriching their offerings by delivering value added services.

MarketsandMarkets forecasts the Middle East CIP market to grow from $5.74 billion in 2013 to $13.07 billion in 2018. In terms of geographies, Saudi Arabia is expected to be the biggest market in terms of revenue contribution, while United Arab Emirates (UAE), Turkey and Bahrain are expected to experience increased market traction, during the forecast period.

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