Middle East Critical Infrastructure Protection (CIP) Market

Middle East Protection of critical infrastructures is a concept used by the countries to safeguard their key assets and ensure the safety and security of its citizens

Protection of critical infrastructures in the Middle East has gained importance in the recent growing political instability and increase in spending on infrastructure across these countries. Middle East countries are keenly focused on their national infrastructure development and have deployed Public Private Partnerships (PPP) institutional framework for improved efficiency and better quality of services. They are focused on improving of their existing infrastructure and developing better and efficient infrastructures to cater to the needs of the ever rising demand.

CIP is a concept used by the countries to safeguard their key assets and ensure the safety and security of its citizens. Dependencies on IT infrastructure and automation of the processes worldwide have increased the vulnerability of these infrastructures against various types of threats and attacks. The recent cyber attacks on oil companies such as Aramco, has brought out the security flaws in the industry and the risks lurking for their systems. The demand for Saudi cyber security products and solutions is estimated to grow at 30% by 2016 due to the existence of a large number of oil and gas production and refining units in the region. More and more security companies are focusing on providing an integrated platform capable of performing all the security related activities and ensure pace with growing demand.

In 2013, Saudi Arabia is estimated to be the largest market for critical infrastructure protection accounting for 23.2 percent of the overall Middle East CIP market by volume. Saudi Arabia and Egypt together accounted for an estimated 41.0 percent of the Middle East CIP market by revenue in 2013. The UAE, Turkey, Qatar and Bahrain market is expected to continue to increase substantially during the next five years.

In 2013, energy and power dominated the overall Middle East CIP market and accounted for over 60 percent of total market share by verticals. Oil and gas, smart grids and ICS security are expected to drive the implementation of the CIP in the Middle East market over the next five years.

According to the announcement of findings, “Energy & power, sensitive infrastructures and Transportation systems are the major adopters of critical infrastructure protection techniques. With increased inter-dependencies of the infrastructures over the last few decades and also the threats associated with them, the demand for ensuring the safety and security too has substantially increased.

Related Reports:

Middle East Critical Infrastructure Protection (CIP) Market - Advancements, Business Models, Technology Roadmap & Market Forecasts & Analysis (2013 – 2018)
https://www.marketsandmarkets.com/Market-Reports/middle-east-critical-infrastructure-protection-cip-market-1267.html

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Report Code
TC 2143
Published ON
Oct, 2013
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