Middle East Cyber Security Market Analysed in In-demand Infoholic Research Report Published at MarketPublishers.com
05 Apr 2016 • by Natalie Aster
LONDON – Cyber security has materialised into a key problem for all sorts of organisations and they have been raising their spending on cyber security products, services and solutions to decrease a range of security issues and safeguard data from the hackers.
Across the region, government, banking, financial services and insurance (BFSI), and energy & utilities organisations are subject to cyber attacks and are increasingly targeted by cyber attackers. Owing to this, there is an enormous demand for more advanced security products. The Gulf Cooperation Council (GCC) region has turned into the center point for cyber attacks on the back of the economic and strategic significance of the region.
The hike in cyber threats, digitalisation incentives, and investments in national security are giving a boost to the Middle East cyber security market, which is likely to post a CAGR of 22.5% through to 2022.
Cloud security is amid the key factors for organizations, and the uptake of this security will likely assist enterprises in reducing capex, boosting the productivity, ease of adaptation to market, business agility, and information protection. The cloud security market revenue is projected to amount to USD 20.2 billion by end-2022.
The services segment is analysed based on consulting service, managed security service, and integration services. The revenue generated by the services market segment is poised to reach USD 34.37 billion in 2022.
The BFSI and energy & utilities verticals are on the verge of contributing nearly 34% of the market share for the region’s cyber security market in 2016. The education and transportation & logistics verticals are anticipated to be the emerging industry sectors for the market growth in the offing.
In-demand research report “Middle East Cyber Security Security Market” prepared by Infoholic Research provides a detailed analysis and true insights into the Middle Eastern cyber security market, segmenting it based on security types, services, solutions, verticals, and nations. The study analyses the market size and gives detailed forecasts to 2022 for the market as a whole and each of its segments. The research report sheds light on the key drivers & restraints and opportunities along with an in-depth impact analysis; canvas es the latest trends in the industry; describes the current state of the market; reviews a variety of key government initiatives influencing the sector development; and also discusses the leading technologies pertaining to the market. In addition, the report provides an accurate understanding of the companies and thoroughly examines the competitive landscape.
Middle East Cyber Security Security Market
Published: February, 2016
Price: US$ 3,500.00
Many more reports by the publisher are available at Infoholic Research page.