HOME Top Market Reports Middle East Cyber Security Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service, Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2022

Middle East Cyber Security Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service, Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: TC 2559

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The Middle East cyber security market size is expected to grow from USD 11.38 Billion in 2017 to USD 22.14 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 14.2%. The base year considered for the study is 2016 and the market size estimated is from 2017 to 2022.

The objective of the report is to define, describe, and forecast the Middle East cyber security market on the basis of solutions, services, security types, deployment modes, organization size, industry verticals, and countries. The report analyzes the opportunities in the market for stakeholders by identifying high-growth segments of the market. Furthermore, the report strategically profiles the key players of the market and comprehensively analyzes their core competencies, such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations. The report also covers detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the Middle East cyber security market begins with capturing data on key security vendors through secondary sources, such as whitepapers; technical journals; and other sources, such as company financials, journals, press releases, paid databases, and annual reports. The vendor product and service offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size 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 subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, executives, and Middle East cyber security technologists. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the figure given below:

Middle East Cyber Security Market

To know about the assumptions considered for the study, download the pdf brochure

The Middle East cyber security ecosystem comprises major vendors, such as Check Point Software Technologies Ltd (Israel), Cisco Systems, Inc. (U.S.), Computer Sciences Corporation (U.S.), Forcepoint LLC (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Intel Security (U.S.), IBM Corporation (U.S.), Sophos Ltd (U.K.), Symantec Corporation (U.S.), and Trend Micro, Inc. (Japan), service providers, and system integrators. Other stakeholders include cyber security solutions providers, consulting firms, IT service providers, Value-Added Resellers (VARs), enterprise users, and cyber security technology providers.

The key target audience of the Middle East cyber security market report are given below:

  • Cyber security solution vendors
  • Government organizations and agencies
  • Cyber security software vendors
  • Independent software vendors
  • Consulting companies
  • System integrators
  • Managed cyber security service providers
  • VARs

“The study answers several questions for the stakeholders; primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report segments the Middle East cyber security market into following submarkets:

By Component

  • Solutions
  • Services

By Solutions

  • Identity and Access Management
  • Risk and Compliance Management
  • Encryption, Data Loss Prevention
  • Unified Threat Management
  • Firewall
  • Antivirus/Antimalware
  • Intrusion Detection System/Intrusion Prevention System
  • Security and Vulnerability Management
  • Disaster Recovery
  • Distributed Denial of Service Mitigation
  • Web Filtering
  • Others

By Services

  • Managed services
  • Professional services
    • Design and Integration
    • Risk and Threat Assessment
    • Consulting services
    • Training and education
    • Support and maintenance

By Security Type

  • Network security
  • Endpoint security
  • Application security
  • Cloud security
  • Others

By Deployment Mode

  • On-premises
  • Cloud
  • Hybrid

By Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large enterprises

By Vertical

  • Government and defense
  • Energy and utilities
  • Banking, Financial Services, and Insurance (BFSI)
  • IT and telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Others

By Country

  • Saudi Arabia
  • UAE
  • Qatar
  • Israel
  • Kuwait
  • Jordan
  • Bahrain
  • Egypt
  • Turkey
  • Oman
  • Others

Available Customizations

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

Company Information

  • Detailed analysis and profiling of additional market players

Cybersecurity Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Anti-Malware, Firewall, IDS/IPS, Disaster Recovery, DDOS Mitigation, SIEM), Service, Security Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2022

MEA Cybersecurity Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service (Professional and Managed), Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Secondary Data
           2.1.1 Key Data Points Taken From Secondary Sources
    2.2 Primary Data
           2.2.1 Key Data From Primary Sources
                    2.2.1.1 Key Industry Insights
                    2.2.1.2 Breakdown of Primaries
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Market
    4.2 Market Top Three Security Types
    4.3 Market By Solution
    4.4 Market By Vertical
    4.5 Market By Country
    4.6 Middle East Cyber Security Market

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Component
           5.3.2 By Solution
           5.3.3 By Service
           5.3.4 By Security Type
           5.3.5 By Deployment Mode
           5.3.6 By Organization Size
           5.3.7 By Vertical
           5.3.8 By Country
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rising Instances of Enterprise Targeted Cyber-Attacks and Threats
                    5.4.1.2 Increasing Government Compliances and Regulatory Requirements
                    5.4.1.3 Proliferation of Smart City and Digitization Projects in the Middle East Region
           5.4.2 Restraints
                    5.4.2.1 High Cost of Innovation for Security Technologies and Budget Constraints for Smes
                    5.4.2.2 Easy Availability of Free and Pirated Cyber Security Solutions
           5.4.3 Opportunities
                    5.4.3.1 Increasing Demand for Integrated Next Generation Security Solutions
                    5.4.3.2 Rising Adoption of Cloud-Based Security Solutions
           5.4.4 Challenges
                    5.4.4.1 Lack of Awareness Regarding Advanced and Sophisticated Cyber Threats
                    5.4.4.2 Shortage of Cyber Security Professionals
    5.5 Regulatory Compliances
    5.6 Innovation Spotlight

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Key Trends in Cyber Security
           6.3.1 Rise in Ddos Attacks
           6.3.2 Signature Less Detection of Threat With the Help of Machine Learning and Artificial Intelligence
           6.3.3 Rise in Hybrid Cloud Deployment Mode
    6.4 Strategic Benchmarking
           6.4.1 Strategic Benchmarking: Technology Integration and Product Enhancement

7 Middle East Cyber Security Market Analysis, By Component (Page No. - 54)
    7.1 Introduction
    7.2 Solutions
    7.3 Services

8 Market Analysis By Solution (Page No. - 59)
    8.1 Introduction
    8.2 Identity and Access Management
    8.3 Risk and Compliance Management
    8.4 Encryption
    8.5 Data Loss Prevention
    8.6 Unified Threat Management
    8.7 Firewall
    8.8 Antivirus/Antimalware
    8.9 Intrusion Detection System/Intrusion Prevention System
    8.10 Security and Vulnerability Management
    8.11 Disaster Recovery
    8.12 Distributed Denial of Service Mitigation
    8.13 Web Filtering
    8.14 Others

9 Middle East Cyber Security Market Analysis, By Service (Page No. - 77)
    9.1 Introduction
           9.1.1 Professional Services
                    9.1.1.1 Design and Integration
                    9.1.1.2 Risk and Threat Assessment
                    9.1.1.3 Consulting
                    9.1.1.4 Training and Education
                    9.1.1.5 Support and Maintenance
           9.1.2 Managed Services

10 Market Analysis By Security Type (Page No. - 87)
     10.1 Introduction
     10.2 Network Security
     10.3 Endpoint Security
     10.4 Application Security
     10.5 Cloud Security
     10.6 Others

11 Middle East Cyber Security Market Analysis, By Deployment Mode (Page No. - 96)
     11.1 Introduction
     11.2 On-Premises
     11.3 Cloud
     11.4 Hybrid

12 Market Analysis By Organization Size (Page No. - 102)
     12.1 Introduction
     12.2 Small and Medium Enterprises
     12.3 Large Enterprises

13 Market Analysis By Vertical (Page No. - 107)
     13.1 Introduction
     13.2 Government and Defense
     13.3 Energy and Utilities
     13.4 Banking, Financial Services, and Insurance
     13.5 IT and Telecom
     13.6 Healthcare
     13.7 Retail
     13.8 Manufacturing
     13.9 Others

14 Middle East Cyber Security Market Analysis, By Country (Page No. - 118)
     14.1 Introduction
     14.2 Saudi Arabia
     14.3 UAE
     14.4 Qatar
     14.5 Israel
     14.6 Kuwait
     14.7 Jordan
     14.8 Bahrain
     14.9 Egypt
     14.10 Turkey
     14.11 Oman
     14.12 Others

15 Competitive Landscape (Page No. - 166)
     15.1 Overview
     15.2 Competitive Situations and Trends
     15.3 Middle East Cyber Security Market: Vendor Analysis
             15.3.1 Agreements, Partnerships, and Collaborations
             15.3.2 Mergers and Acquisitions
             15.3.3 New Product Launches
             15.3.4 Business Expansions

16 Company Profiles (Page No. - 176)
     16.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     16.2 Check Point Software Technologies Ltd.
     16.3 Cisco Systems, Inc.
     16.4 Computer Sciences Corporation
     16.5 Forcepoint LLC
     16.6 Hewlett Packard Enterprise Development LP
     16.7 Intel Security (McAfee)
     16.8 International Business Machines Corporation
     16.9 Sophos Ltd.
     16.10 Symantec Corporation
     16.11 Trend Micro, Inc.
     16.12 Key Innovators

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

17 Appendix (Page No. - 227)
     17.1 Other Developments
             17.1.1 Other Developments: Partnerships, Agreements, and Collaborations
             17.1.2 Other Developments: Mergers and Acquisitions
             17.1.3 Other Developments: New Product Launches
     17.2 Industry Experts
     17.3 Discussion Guide
     17.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     17.5 Introduction RT: Real-Time Market Intelligence
     17.6 Available Customizations
     17.7 Related Reports
     17.8 Author Details


List of Tables (146 Tables)

Table 1 Middle East Cyber Security Market Size and Growth Rate, (USD Million, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Cyber Security Innovations
Table 3 Market Size By Component, 2015–2022 (USD Million)
Table 4 Solutions: Market Size By Country, 2015–2022 (USD Million)
Table 5 Services: Market Size By Country, 2015–2022 (USD Million)
Table 6 Middle East Cyber Security Market Size, By Solution, 2015–2022 (USD Million)
Table 7 Identity and Access Management: Market Size By Country, 2015–2022 (USD Million)
Table 8 Risk and Compliance Management: Market Size By Country, 2015–2022 (USD Million)
Table 9 Encryption: Market Size By Country, 2015–2022 (USD Million)
Table 10 Data Loss Prevention: Market Size By Country, 2015–2022 (USD Million)
Table 11 Unified Threat Management: Market Size By Country, 2015–2022 (USD Million)
Table 12 Firewall: Middle East Cyber Security Market Size, By Country, 2015–2022 (USD Million)
Table 13 Antivirus/Antimalware: Market Size By Country, 2015–2022 (USD Million)
Table 14 Intrusion Detection System/Intrusion Prevention System: Market Size By Country, 2015–2022 (USD Million)
Table 15 Security and Vulnerability Management: Market Size By Country, 2015–2022 (USD Million)
Table 16 Disaster Recovery: Market Size By Country, 2015–2022 (USD Million)
Table 17 Distributed Denial of Service Mitigation: Market Size By Country, 2015–2022 (USD Million)
Table 18 Web Filtering: Market Size By Country, 2015–2022 (USD Million)
Table 19 Others: Market Size By Country, 2015–2022 (USD Million)
Table 20 Middle East Cyber Security Market Size, By Service, 2015–2022 (USD Million)
Table 21 Professional Services: Market Size By Country, 2015–2022 (USD Million)
Table 22 Professional Services: Market Size By Type, 2015–2022 (USD Million)
Table 23 Design and Integration: Market Size By Country, 2015–2022 (USD Million)
Table 24 Risk and Threat Assessment: Market Size By Country, 2015–2022 (USD Million)
Table 25 Consulting: Market Size By Country, 2015–2022 (USD Million)
Table 26 Training and Education: Market Size By Country, 2015–2022 (USD Million)
Table 27 Support and Maintenance: Market Size By Country, 2015–2022 (USD Million)
Table 28 Managed Services: Market Size By Country, 2015–2022 (USD Million)
Table 29 Middle East Cyber Security Market Size, By Security Type, 2015–2022 (USD Million)
Table 30 Network Security: Market Size By Country, 2015–2022 (USD Million)
Table 31 Endpoint Security: Market Size By Country, 2015–2022 (USD Million)
Table 32 Application Security: Market Size By Country, 2015–2022 (USD Million)
Table 33 Cloud Security: Market Size By Country, 2015–2022 (USD Million)
Table 34 Others: Market Size By Country, 2015–2022 (USD Million)
Table 35 Middle East Cyber Security Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 36 On-Premises: Market Size, By Country, 2015–2022 (USD Million)
Table 37 Cloud: Market Size By Country, 2015–2022 (USD Million)
Table 38 Hybrid: Market Size By Country, 2015–2022 (USD Million)
Table 39 Market Size By Organization Size, 2015–2022 (USD Million)
Table 40 Small and Medium Enterprises: Market Size By Country, 2015–2022 (USD Million)
Table 41 Large Enterprises: Market Size By Country, 2015–2022 (USD Million)
Table 42 Middle East Cyber Security Market Size, By Vertical, 2015–2022 (USD Million)
Table 43 Government and Defense: Market Size By Country, 2015–2022 (USD Million)
Table 44 Energy and Utilities: Market Size By Country, 2015–2022 (USD Million)
Table 45 Banking, Financial Services, and Insurance: Market Size By Country, 2015–2022 (USD Million)
Table 46 IT and Telecom: Market Size By Country, 2015–2022 (USD Million)
Table 47 Healthcare: Market Size By Country, 2015–2022 (USD Million)
Table 48 Retail: Market Size By Country, 2015–2022 (USD Million)
Table 49 Manufacturing: Market Size By Country, 2015–2022 (USD Million)
Table 50 Others: Market Size By Country, 2015–2022 (USD Million)
Table 51 Middle East Cyber Security Market Size, By Country, 2015–2022 (USD Million)
Table 52 Saudi Arabia: Market Size, By Component, 2015–2022 (USD Million)
Table 53 Saudi Arabia: Market Size, By Solution, 2015–2022 (USD Million)
Table 54 Saudi Arabia: Market Size, By Service, 2015–2022 (USD Million)
Table 55 Saudi Arabia: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 56 Saudi Arabia: Market Size, By Security Type, 2015–2022 (USD Million)
Table 57 Saudi Arabia: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 58 Saudi Arabia: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 59 Saudi Arabia: Market Size, By Vertical, 2015–2022 (USD Million)
Table 60 UAE: Market Size, By Component, 2015–2022 (USD Million)
Table 61 UAE: Market Size, By Solution, 2015–2022 (USD Million)
Table 62 UAE: Market Size, By Service, 2015–2022 (USD Million)
Table 63 UAE: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 64 UAE: Market Size, By Security Type, 2015–2022 (USD Million)
Table 65 UAE: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 66 UAE: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 67 UAE: Market Size, By Vertical, 2015–2022 (USD Million)
Table 68 Qatar: Market Size, By Component, 2015–2022 (USD Million)
Table 69 Qatar: Market Size, By Solution, 2015–2022 (USD Million)
Table 70 Qatar: Market Size, By Service, 2015–2022 (USD Million)
Table 71 Qatar: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 72 Qatar: Market Size, By Security Type, 2015–2022 (USD Million)
Table 73 Qatar: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 74 Qatar: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 75 Qatar: Market Size, By Vertical, 2015–2022 (USD Million)
Table 76 Israel: Market Size, By Component, 2015–2022 (USD Million)
Table 77 Israel: Market Size, By Solution, 2015–2022 (USD Million)
Table 78 Israel: Market Size, By Service, 2015–2022 (USD Million)
Table 79 Israel: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 80 Israel: Market Size, By Security Type, 2015–2022 (USD Million)
Table 81 Israel: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 82 Israel: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 83 Israel: Market Size, By Vertical, 2015–2022 (USD Million)
Table 84 Kuwait: Market Size, By Component, 2015–2022 (USD Million)
Table 85 Kuwait: Market Size, By Solution, 2015–2022 (USD Million)
Table 86 Kuwait: Market Size, By Service, 2015–2022 (USD Million)
Table 87 Kuwait: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 88 Kuwait: Market Size, By Security Type, 2015–2022 (USD Million)
Table 89 Kuwait: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 90 Kuwait: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 91 Kuwait: Market Size, By Vertical, 2015–2022 (USD Million)
Table 92 Jordan: Market Size, By Component, 2015–2022 (USD Million)
Table 93 Jordan: Market Size, By Solution, 2015–2022 (USD Million)
Table 94 Jordan: Market Size, By Service, 2015–2022 (USD Million)
Table 95 Jordan: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 96 Jordan: Market Size, By Security Type, 2015–2022 (USD Million)
Table 97 Jordan: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 98 Jordan: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 99 Jordan: Market Size, By Vertical, 2015–2022 (USD Million)
Table 100 Bahrain: Market Size, By Component, 2015–2022 (USD Million)
Table 101 Bahrain: Market Size, By Solution, 2015–2022 (USD Million)
Table 102 Bahrain: Market Size, By Service, 2015–2022 (USD Million)
Table 103 Bahrain: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 104 Bahrain: Market Size, By Security Type, 2015–2022 (USD Million)
Table 105 Bahrain: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 106 Bahrain: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 107 Bahrain: Market Size, By Vertical, 2015–2022 (USD Million)
Table 108 Egypt: Market Size, By Component, 2015–2022 (USD Million)
Table 109 Egypt: Market Size, By Solution, 2015–2022 (USD Million)
Table 110 Egypt: Market Size, By Service, 2015–2022 (USD Million)
Table 111 Egypt: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 112 Egypt: Market Size, By Security Type, 2015–2022 (USD Million)
Table 113 Egypt: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 114 Egypt: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 115 Egypt: Market Size, By Vertical, 2015–2022 (USD Million)
Table 116 Turkey: Market Size, By Component, 2015–2022 (USD Million)
Table 117 Turkey: Market Size, By Solution, 2015–2022 (USD Million)
Table 118 Turkey: Market Size, By Service, 2015–2022 (USD Million)
Table 119 Turkey: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 120 Turkey: Market Size, By Security Type, 2015–2022 (USD Million)
Table 121 Turkey: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 122 Turkey: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 123 Turkey: Market Size, By Vertical, 2015–2022 (USD Million)
Table 124 Oman: Market Size, By Component, 2015–2022 (USD Million)
Table 125 Oman: Market Size, By Solution, 2015–2022 (USD Million)
Table 126 Oman: Market Size, By Service, 2015–2022 (USD Million)
Table 127 Oman: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 128 Oman: Market Size, By Security Type, 2015–2022 (USD Million)
Table 129 Oman: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 130 Oman: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 131 Oman: Market Size, By Vertical, 2015–2022 (USD Million)
Table 132 Others: Market Size, By Component, 2015–2022 (USD Million)
Table 133 Others: Market Size, By Solution, 2015–2022 (USD Million)
Table 134 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 135 Others: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 136 Others: Market Size, By Security Type, 2015–2022 (USD Million)
Table 137 Others: Market Size, By Deployment Mode, 2015–2022 (USD Million)
Table 138 Others: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 139 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 140 Agreements, Partnerships, and Collaborations, 2014–2017
Table 141 Mergers and Acquisitions, 2015–2017
Table 142 New Product Launches, 2014–2017
Table 143 Business Expansions, 2014–2017
Table 144 Other Developments: Partnerships, Agreements, and Collaborations, 2014-2016
Table 145 Other Developments: Mergers and Acquisitions, 2014-2016
Table 146 Other Developments: New Product Launches, 2014-2016


List of Figures (59 Figures)

Figure 1 Market Scope: Middle East Cyber Security Market
Figure 2 Middle East Cyber Security: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type and Designation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 8 Managed Services Segment Expected to Grow at the Higher CAGR During the Forecast Period
Figure 9 Consulting Services Segment is Expected to Grow at A Highest CAGR During the Forecast Period
Figure 10 Hybrid Deployment Mode is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 SME Organization Size Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 12 Increasing Instances of Security Breaches Targeting Enterprises is Expected to Boost the Middle East Cyber Security Market
Figure 13 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Encryption Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Government and Defense Vertical is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 16 Qatar is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Government and Defense Vertical Expected to Hold the Largest Share of the Middle East Cyber Security Market in 2017
Figure 18 Middle East Cyber Security Market: Evolution
Figure 19 Market By Component
Figure 20 Market By Solution
Figure 21 Market By Service
Figure 22 Market By Security Type
Figure 23 Market By Deployment Mode
Figure 24 Market By Organization Size
Figure 25 Market By Vertical
Figure 26 Market By Country
Figure 27 Market Drivers, Restraints,Opportunities, and Challenges
Figure 28 Market Value Chain
Figure 29 Strategic Benchmarking: Technology Integration and Product Enhancement
Figure 30 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 31 Encryption Segment to Grow at the Highest CAGR During the Forecast Period
Figure 32 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 33 Application Security Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Hybrid Deployment Mode is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 35 Small and Medium Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 36 Government and Defense Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 37 Qatar is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 38 Companies Adopted New Product Launches as the Key Growth Strategy During the Period 2014–2016
Figure 39 Battle for Market Share: New Product Launches is the Key Strategy Adopted By Leading Market Players
Figure 40 Market Evaluation Framework: Significant Number of New Product Launches Fuelled the Growth of the Market During the Period 2014–2017
Figure 41 Product Offerings Comparison
Figure 42 Business Strategies Comparison
Figure 43 Geographic Revenue Mix of Top Players
Figure 44 Check Point Software Technologies Ltd.: Company Snapshot
Figure 45 Check Point Software Technologies Ltd: SWOT Analysis
Figure 46 Cisco Systems, Inc.: Company Snapshot
Figure 47 Cisco Systems, Inc.: SWOT Analysis
Figure 48 Computer Sciences Corporation: Company Snapshot
Figure 49 Computer Sciences Corporation: SWOT Analysis
Figure 50 Forcepoint LLC: Company Snapshot
Figure 51 Forcepoint LLC: SWOT Analysis
Figure 52 Hewlett Packard Enterprise Development LP: Company Snapshot
Figure 53 Hewlett Packard Enterprise Development LP: SWOT Analysis
Figure 54 Intel Security (McAfee): Company Snapshot
Figure 55 International Business Machines Corporation: Company Snapshot
Figure 56 Sophos Ltd: Company Snapshot
Figure 57 Symantec Corporation: Company Snapshot
Figure 58 Trend Micro, Inc.: Company Snapshot
Figure 59 Rapid7: Company Snapshot

The Middle East cyber security market size is expected to grow from USD 11.38 Billion in 2017 to USD 22.14 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The major growth drivers of the market include the need to mitigate IT security risks, rising instances of enterprise targeted cyber-attacks and threats, and proliferation of smart city and digitization projects in the Middle East region.

The Middle East cyber security market is segmented by solutions, services, security types, deployment modes, organization size, verticals, and countries. The solutions component is estimated to have the largest market size in 2017. Moreover, the services segment is expected to grow at the highest CAGR during the forecast period. An increasing demand from large enterprises and Small and Medium Enterprises (SMEs) from diverse industry verticals to safeguard their premises and cloud environment from advanced threats, such as malwares, ransomwares, and Advanced Persistent Threats (APTs) has led to the growth of the market. In addition, stringent government compliances and the increasing demand for integrated and next-generation security solutions are expected to further increase the demand for such solutions.

The application security segment is expected to grow at the highest CAGR during the forecast period. Advanced threats on applications and advancements in mobile computing have led to the growing popularity of the enterprise mobility. Also, the Bring Your Own Device (BYOD) trend in the corporate environments is driving the demand over the forecast period. However, the network security segment holds the largest share in the Middle East cyber security market in 2017, due to the increased instances of threats on complex networks that affect the business operations of the various industry verticals.

The managed services segment is expected to grow at the highest CAGR during the forecast period, while the professional services segment is estimated to hold the largest market size in 2017. In addition, the consulting subsegment in the professional services segment is expected to grow at the highest CAGR during the forecast period, and is estimated to hold a major share of the Middle East cyber security professional services market in 2017.

The Middle East cyber security market has been segmented on the basis of countries such as Saudi Arabia, Qatar, Kuwait, UAE, Bahrain, Israel, Turkey, Oman, Egypt, Jordan, and Others, to provide a country-specific analysis in the report. Saudi Arabia, followed by Israel, is estimated to become the largest revenue-generating country for cyber security solution vendors in 2017. This is mainly because of the presence of major cyber security vendors and service providers along with the early adoption trends for innovative technologies and increasing number of advanced threats in Saudi Arabia and Israel. Qatar is expected to be the fastest growing region in the market, owing to the rising adoption of cyber security solutions across SMEs and large enterprises emerging in the country.

Middle East Cyber Security Market

The Middle East cyber security market faces challenges, such as issues pertaining to the complexity of advanced threats and dynamicity of organizations and IT infrastructure and cloud environment. Moreover, factors such as increased operational costs and the lack of awareness regarding the internal and external threats, limit the growth of the market.

Major vendors that offer cyber security solutions and services across Middle East are Check Point Software Technologies Ltd (Israel), Cisco Systems, Inc. (U.S.), Computer Sciences Corporation (U.S.), Forcepoint LLC (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Intel Security (U.S.), IBM Corporation (U.S.), Sophos Ltd (U.K.), Symantec Corporation (U.S.), and Trend Micro, Inc. (Japan). These companies have implemented different types of organic and inorganic growth strategies, such as innovative product launches, mergers & acquisitions, and partnerships & collaborations to expand their offerings in the Middle East cyber security market.

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