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Report
Middle East and Africa Cybersecurity Market Report and Forecast 2024-2032
Market Report I 2023-12-08 I 189 Pages I EMR Inc.
Middle East and Africa Cybersecurity Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Middle East and Africa cybersecurity market is projected to grow at a CAGR of 7.90% between 2024 and 2032. Aided by the escalating threats of cyberattacks, a growing dependence on digital solutions, and the rapid technological adoption across various sectors, the market is expected to grow significantly by 2032.
Cybersecurity encompasses a set of techniques, processes, and practices designed to safeguard systems, networks, and data from cyber threats. It has become indispensable with the prolific use of digital platforms, internet services, and electronic devices. As businesses and governments in the MEA region increasingly digitise their operations, the necessity for robust cybersecurity measures has never been more profound.
As per the Middle East and Africa cybersecurity market analysis, the surge in cyber threats, including ransomware, phishing attacks, and advanced persistent threats, has galvanised the MEA region into prioritising cybersecurity. Given the strategic importance of the Middle East in global geopolitics, and the African continent's burgeoning digital economy, there's a heightened risk of cyber-espionage and sophisticated cyberattacks.
The robust adoption of Internet of Things (IoT) devices, cloud services, and mobile platforms in the region further accentuates the demand for advanced cybersecurity solutions and contributes to the Middle East and Africa cybersecurity market growth. The proliferation of smart cities, especially in nations like the UAE and Saudi Arabia, coupled with the digital transformation drives across Africa, has exposed a vast array of digital touchpoints that are potential cyberattack vectors.
Moreover, sectors such as finance, oil and gas, and healthcare - all integral to the region's economy have witnessed an exponential rise in cyber threats. With the advent of digital banking, online health records, and connected industrial infrastructures, the sheer volume of critical data online has seen a substantial uptick which further propels the Middle East and Africa cybersecurity market demand.
The drive to strengthen cybersecurity in the region isn't solely enterprise driven. Governments are actively implementing regulations and standards to ensure data protection and network security. For instance, the introduction of cyber laws and regulations in countries like South Africa, Nigeria, and UAE is pushing organisations to enhance their cybersecurity postures to comply with local regulations and further increase the value of the Middle East and Africa cybersecurity market size.
Market Segmentation
The market can be divided based on solution, service, deployment, end use, and region.
Market Breakup by Solution
- Threat Intelligence and Response Management
- Identity and Access Management
- Data Loss Prevention Management
- Security and Vulnerability Management
- Unified Threat Management
- Enterprise Risk and Compliance
Market Breakup by Service
- Managed Services
- Professional Services
Market Breakup by Deployment
- Cloud
- On-premise
Market Breakup by End Use
- Aerospace and Defence
- BFSI
- Healthcare
- Manufacturing
- Retail
- Government
- IT and Telecommunication
- Others
Market Breakup by Region
- Saudi Arabia
- United Arab Emirates
- Israel
- Nigeria
- South Africa
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Middle East and Africa cybersecurity market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cisco Systems Inc.
- Dell Inc.
- IBM Corporation
- Broadcom Inc.
- CIPHER, LLC
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East and Africa Cybersecurity Market Analysis
8.1 Key Industry Highlights
8.2 Middle East and Africa Cybersecurity Historical Market (2018-2023)
8.3 Middle East and Africa Cybersecurity Market Forecast (2024-2032)
8.4 Middle East and Africa Cybersecurity Market by Solution
8.4.1 Threat Intelligence and Response Management
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Identity and Access Management
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Data Loss Prevention Management
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Security and Vulnerability Management
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Unified Threat Management
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Enterprise Risk and Compliance
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Middle East and Africa Cybersecurity Market by Service
8.5.1 Managed Services
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Professional Services
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Middle East and Africa Cybersecurity Market by Deployment
8.6.1 Cloud
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 On-premise
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Middle East and Africa Cybersecurity Market by End Use
8.7.1 Aerospace and Defence
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 BFSI
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Retail
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Government
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 IT and Telecommunication
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Middle East and Africa Cybersecurity Market by Region
8.8.1 Saudi Arabia
8.8.2 United Arab Emirates
8.8.3 Israel
8.8.4 Nigeria
8.8.5 South Africa
8.8.6 Others
9 Regional Analysis
9.1 Saudi Arabia
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 United Arab Emirates
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Israel
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Nigeria
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 South Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Cisco Systems Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Dell Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 IBM Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Broadcom Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 CIPHER, LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Middle East and Africa Cybersecurity Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa Cybersecurity Historical Market: Breakup by Solution (USD Billion), 2018-2023
3. Middle East and Africa Cybersecurity Market Forecast: Breakup by Solution (USD Billion), 2024-2032
4. Middle East and Africa Cybersecurity Historical Market: Breakup by Services (USD Billion), 2018-2023
5. Middle East and Africa Cybersecurity Market Forecast: Breakup by Services (USD Billion), 2024-2032
6. Middle East and Africa Cybersecurity Historical Market: Breakup by Deployment (USD Billion), 2018-2023
7. Middle East and Africa Cybersecurity Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
8. Middle East and Africa Cybersecurity Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Middle East and Africa Cybersecurity Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Middle East and Africa Cybersecurity Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Middle East and Africa Cybersecurity Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Microspheres Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Microspheres Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Microspheres Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Microspheres Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Microspheres Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Microspheres Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Microspheres Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Microspheres Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Microspheres Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Microspheres Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Cybersecurity Market Structure
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