Cyber security has become a key problem for all types of organisations and many have been increasing their expenditure on cyber security services/products/solutions to reduce the security issues (e.g. Aerospace & Defense, Retail and BFSI) and to protect data from hackers.

In the Middle East region, government, BFSI, and energy & utilities organisations are increasingly under cyber attacks and are targeted more by cyber attackers. Due to this, there is a huge demand for better security products. The GCC region has become the centre point for cyber-attacks because of the region’s strategic and economic significance. In the GCC region, government, education, and BFSI industries are the most targeted verticals by cyber attackers.

The increase in cyber threats, digitalisation initiatives, and investment in homeland security are driving the market. The Middle East cyber security market is expected to grow at a CAGR of 22.5% during the period 2016–2022.

The Middle East cyber security market report is an analysis based on five segments – security types, solutions, services, verticals, and countries. The security types segment is analysed based on cloud security, wireless security, network security, and application security. Cloud security is one of the important factors for organisations (small to larger) and adoption of this security will help enterprises in terms of reducing capital expenditure, increasing the productivity, business agility, ease of adaptation to market, and data protection. The cloud security market revenue is expected to reach $20.20 billion by 2022.

The services segment is analysed based on consulting service, managed security service, and integration services. The services market revenue is expected to reach $34.37 billion by 2022.

In this latest report, the Middle East cyber security market is also analysed by verticals – BFSI, Energy & Utilities, Retail & wholesale distribution, IT & Telecom, Aerospace & Defence, Manufacturing, Healthcare, Transportation & Logistics, Government, Hospitality, Media & Entertainment, and Education. The BFSI and Energy & Utilities industries are predicted by Marketresearchengine analysts to contribute around 34% of the market share for the Middle East cyber security market in 2016. The Education and Transportation & Logistics verticals are set to be the emerging verticals for the Middle East cyber security market growth in the near future.

The study covers key insights and analyses the Middle East Cyber Security Market. It aims to bring out the complete key insights of the industry,  and to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps venture capitalist to understand the companies better and take informed decisions.