Middle East and Africa (MEA) Cyber Security Market (2020-2026) | Share, Forecast, Trends, Outlook, Revenue, COVID-19 IMPACT, Industry, Growth, Analysis, Companies, Value & Size

Large scale digital transformation, increasing the use of mobile payment solutions together with increasing investments in information and communication sectors drives the growth of the Cyber Security Market in the Middle East and Africa region. Low crude oil prices have led national governments in the region to make efforts to diversify their economies including measures to digitize financial, government, healthcare, and retail services.

According to 6Wresearch, Middle East, and Africa (MEA) Cyber Security Market size is projected to exhibit significant growth during 2020-2026. Middle East region is expected to witness a growing demand for cybersecurity solutions during the forecast period on the back of measurable steps taken by countries such as Jordan and Kuwait to become digitally self-reliant including establishing electronic platforms for healthcare, payment, and government services, as well as setting up regional tech start-up hubs. In addition, African countries such as Kenya are experiencing a growth in mobile payment solutions which requires an upgrade in data protection services in the region.

Based on verticals, the BFSI and the IT & Telecom sectors are likely to witness a surge in demand for cybersecurity solutions at the highest rate during the forecast period owing to the rapid increase in activities in these sectors in the region. Based on offerings, the Governance, Risk, and Compliance segment is likely to dominate the market due to government strategies aimed at establishing cyber smart infrastructure. 

The Middle East Cyber Security Market Report thoroughly covers the market by components, offerings, deployments, verticals, and key countries including Saudi Arabia, United Arab Emirates, Turkey, Kuwait, Oman, Qatar, Bahrain, South Africa, Egypt, Nigeria, and the Rest of the Middle East and Africa. The Middle East and Africa Cyber Security market outlook provide an unbiased and detailed analysis of the on-going Middle East and Africa Cyber Security market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Middle East and Africa (MEA) cybersecurity market is anticipated to register significant growth in the coming timeframe as a result of an increase in the need for accurate data usage and to ensure the storage and configuration of data timely. The new data connections today run at unprecedented speed and are posing a challenge in the face of maintaining speed, accuracy, versatility, and agility of the data transfer and is expected to pose bountiful opportunities for Cybersecurity to be carried forward for the storage and maintenance of data accuracy and versatility along with storage and prevention against the swashbuckling cyber-attacks which accompany this unprecedented data use. The increasing use of Cybersecurity tends to control the data accuracy over a cluster of computer systems and with a simple mechanism to be followed up. The era of technology has no doubt, brought about transformational changes in the communication and information & technology sector. An increase in the number of data users and deeper internet penetration has led to security issues regarding the leakage of any sensitive information and as a result, is leading to an increase in the timely storage of data with software intended systems to check and handle failures to ensure the versatility and encryption and is anticipated to spur the growth of the Middle East and Africa (MEA) cybersecurity market in the coming timeframe and not only this, it is expected to provide immense business-oriented benefits to the potential industrialists and to-be investors of the market to witness significant growth in the next five to ten years.

The Middle East and Africa cybersecurity market is expected to register sound revenues in the coming timeframe underpinned by an increased evolution of the banking sector across the region due to rising digitalization which has stimulated customers to use mobile banking and simultaneously increased the need for secured solutions in order to prevent customer bank data from cyber attackers which are expected to secure positive growth of the cybersecurity market in the coming years. Additionally, the cybersecurity market is expected to acquire a major position in the forthcoming year especially in 2020 due to the massive COVID -19 outbreak, which has led to prompted banks to digitize all banking activities by introducing banking apps and ensure fewer customer banks visits tends to prevent employees from spreading of deadly disease and is expected to proliferate the use of cybersecurity solution in the banks to ensure a safe transaction. Further, several countries like Bahrain, Qatar, and Saudi Arabia are likely to attain major sales revenues due to increased spending of these countries over cybersecurity solutions with the developed banking sectors across the region.

Middle East and Africa Cybersecurity Market are expected to register sound revenues in foreseeable future backed by the rising E-commerce platforms. Moreover, On the basis of the country, Saudi Arabia Cybersecurity market is expected to gain traction in the market owing to the rising potential growth of the BFSI sector in the country where the entire work process is done over the internet such as rising loan borrowing practices on a mass scale where manufacturing sector holds primary position underpinned by rising trade activities in the country and banks are responsible in keeping sensitive information secure between the borrower and the banker by using cybersecurity solution which has led to protects the entire information from the cyber attackers and this has increased banking activities online and is estimated to continue to support the explosive growth of the Saudi Arabia Cybersecurity Market, as a result, is estimated to spur the progressive growth of the Middle East and Africa cybersecurity market in the forthcoming years.

 Key Highlights of the Report:                               

• The Middle East and Africa Cyber Security Market Overview
• The Middle East and Africa Cyber Security Market Outlook
• The Middle East and Africa Cyber Security Market Forecast
• Historical Data of the Middle East and Africa Cyber Security Market Revenues, for the Period 2016-2019
• The Middle East and Africa Cyber Security Market Size and the Middle East and Africa Cyber Security Market Forecast of Revenues, Until 2026
• Historical Data of the Middle East and Africa Cyber Security Market Revenues, By Components, for the Period 2016-2019
• Market Size & Forecast of the Middle East and Africa Cyber Security Market Revenues, By Components, Until 2026
• Historical Data of the Middle East and Africa Cyber Security Market Revenues, By Offerings, for the Period 2016-2019
• Market Size & Forecast of the Middle East and Africa Cyber Security Market Revenues, By Offerings, Until 2026
• Historical Data of the Middle East and Africa Cyber Security Market Revenues, By Deployments, for the Period 2016-2019
• Market Size & Forecast of the Middle East and Africa Cyber Security Market Revenues, By Deployments, Until 2026
• Historical Data of the Middle East and Africa Cyber Security Market Revenues, By Verticals, for the Period 2016-2019
• Market Size & Forecast of the Middle East and Africa Cyber Security Market Revenues, By Verticals, Until 2026
• Historical Data of Saudi Arabia Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Saudi Arabia Cyber Security Market Revenues, Until 2026
• Historical Data of United Arab Emirates Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of United Arab Emirates Cyber Security Market Revenues, Until 2026
• Historical Data of Turkey Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Turkey Cyber Security Market Revenues, Until 2026
• Historical Data of Kuwait Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Kuwait Cyber Security Market Revenues, Until 2026
• Historical Data of Oman Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Oman Cyber Security Market Revenues, Until 2026
• Historical Data of Qatar Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Qatar Cyber Security Market Revenues, Until 2026
• Historical Data of Bahrain Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Bahrain Cyber Security Market Revenues, Until 2026
• Historical Data of South Africa Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of South Africa Cyber Security Market Revenues, Until 2026
• Historical Data of Egypt Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Egypt Cyber Security Market Revenues, Until 2026
• Historical Data of Nigeria Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Nigeria Cyber Security Market Revenues, Until 2026
• Historical Data of Rest of the Middle East and Africa Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Rest of the Middle East and Africa Cyber Security Market Revenues, Until 2026
• Market Drivers and Restraints
• The Middle East and Africa Cyber Security Market Trends and Industry Life Cycle
• Market Opportunity Assessment
• The Middle East and Africa Cyber Security Market Share, By Players
• The Middle East and Africa Cyber Security Market Share, By Regions
• The Middle East and Africa Cyber Security Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Middle East and Africa Cyber Security Market report provide a detailed analysis of the following market segments:

• By Components
• Solutions
• Services
  
  
• By Offerings
• Identity and Access Management
• Infrastructure Security
• Governance, Risk, and Compliance
• Unified Vulnerability Management Service
• Data Security and Privacy Service
• Other
  
  
• By Deployments
• Cloud
• On-Premises
  
  
• By Verticals
• Aerospace and Defense
• BFSI (Banking Finance Services and Insurance)
• Retail
• Healthcare and Hospitality
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Commercial Offices
• Others
  
  
• By Countries
• Saudi Arabia
• United Arab Emirates
• Turkey
• Kuwait
• Oman
• Qatar
• Bahrain
• South Africa
• Egypt
• Nigeria
• Rest of the Middle East and Africa

Other Key Reports Available:

• Saudi Arabia Cyber Security Market Report
• United Arab Emirates Cyber Security Market Report
• Turkey Cyber Security Market Report
• Kuwait Cyber Security Market Report
• Oman Cyber Security Market Report
• Qatar Cyber Security Market Report
• Bahrain Cyber Security Market Report
• South Africa Cyber Security Market Report
• Egypt Cyber Security Market Report
• Nigeria Cyber Security Market Report

Frequently Asked Questions About the Market Study (FAQs):