In one of their latest reports, analysts from Reportsnreports have found that over the past few years, most of the large organisations in this region including giant oil and gas, utilities and banks have strengthened their cyber security capabilities. Standard processes have been implemented to identify and prioritise IT security risks and develop mitigation strategies. These mitigation strategies have enabled the organisations to save losses caused by cybercrimes.

Most of the firms are primarily focusing on building "defense in depth” approach to address known as well as emerging threats. To develop this defense in depth approach involves collaboration between enterprises and large vendors reinforcing the development of new innovative products and solutions.

The growing number of security compliances enforced by the government along with the increase in risks such as advanced malwares is the main reason for the increased demand for cyber security in the Middle East region. The rapidly evolving nature of threats, presents the opportunity of continuous research and development of cyber security products and services. Apart from these, factors such as need for unified cyber solutions, strict compliance and data disclosure mandates, risk over maintenance of sensitive data, enhanced enterprise mobility, and increasing spending pattern on security forums are boosting up the demand for cyber security solutions in the Middle East. It is expected that the Middle East cyber security market will show enormous growth with credence in the coming years. Major players in the cyber security ecosystem include Booz Allen Hamilton, Cisco, CSC, Cassidian, IBM, Kaspersky, McAfee, Symantec, Trend Micro and various others.

The 277 page report published this month, entitled - Middle East Cyber Security Market by Technologies (IAM, DLP, UTM, IDS/IPS, Firewall, Risk & Compliance Management, Antivirus, SVM/SIEM, Disaster Recovery, DDOS Mitigation, Encryption, Web Filtering) & by Services - Market Forecasts and Analysis (2014-2019) - focuses on estimation of the current market size and future growth potential across all major segments of this market, i.e., types, solutions, services, verticals, and countries in the Middle East region. Furthermore, the report also provides an extensive analysis of the key players in the cyber security space with their profiles, strategy and developments, major market drivers, restraints, opportunities, challenges, adoption trends, and key issues in the Middle East cyber security market.