Middle East and Africa Cybersecurity Market Report 2032

Middle East and Africa Cybersecurity Market Report by Component (Solutions, Services), Security Type (Network Security, Cloud Application Security, End-point Security, Application Security, and Others), Deployment Type (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Industry Vertical (Aerospace and Defense, BFSI, IT and ITES, Healthcare, Retail and E-Commerce, Manufacturing, Energy and Utilities, Telecommunication, Transportation and Logistics, Media and Entertainment, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A21999

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Market Overview:

Middle East and Africa cybersecurity market size is projected to exhibit a growth rate (CAGR) of 16.80% during 2024-2032. Organizations across the region are recognizing the need for safeguarding sensitive information and digital assets, which in turn, is primarily augmenting the market growth.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	16.80%

Cybersecurity safeguards computer systems, networks, and data from unauthorized access, manipulation, or destruction. It utilizes various technologies, procedures, and methodologies to protect digital resources and maintain the confidentiality, integrity, and accessibility of information. Strategies, such as firewalls, encryption, access management, and intrusion detection systems are employed to counter cyber threats like malware, phishing, data breaches, unauthorized entry, etc. Presently, numerous organizations prioritize cybersecurity investments to preserve assets, foster customer confidence, and adhere to regulatory standards.

Middle East and Africa Cybersecurity Market Trends:

The Middle East and Africa cybersecurity market is primarily driven by several key factors. Firstly, the increasing digitization of businesses and government services across the region amplifies the demand for cybersecurity solutions. Besides this, as organizations adopt digital technologies to enhance efficiency and competitiveness, the need to safeguard sensitive data from cyber threats becomes paramount. Moreover, the rising number of cyberattacks and security breaches that are targeting organizations in the Middle East and Africa underscores the urgency for advanced cybersecurity measures. High-profile incidents highlight vulnerabilities in existing systems, prompting entities to invest in comprehensive cybersecurity frameworks to mitigate risks. Additionally, regulatory mandates and compliance requirements play a crucial role in driving cybersecurity investments, which is also propelling the market growth across the region. In line with this, government bodies in the region impose stringent regulations to protect consumer data, financial transactions, and critical infrastructure, compelling organizations to allocate resources towards cybersecurity initiatives to ensure compliance and avoid penalties. Furthermore, the growing awareness among businesses and government entities about the potential impact of cyber threats on operations, reputation, and financial stability fuels the demand for cybersecurity solutions. Apart from this, as stakeholders recognize the importance of proactive risk management, investments in cybersecurity technologies and services continue to rise across the Middle East and Africa, which in turn, is expected to fuel the market growth over the forecasted period.

Middle East and Africa Cybersecurity Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on component, security type, deployment type, organization size, and industry vertical.

Component Insights:

Solutions
- Identity and Access Management (IAM)
- Infrastructure Security
- Governance, Risk and Compliance
- Unified Vulnerability Management Service Offering
- Data Security and Privacy Service Offering
- Others
Services
- Professional Services
- Managed Services

The report has provided a detailed breakup and analysis of the market based on the component. This includes solutions (identity and access management (IAM), infrastructure security, governance, risk and compliance, unified vulnerability management service offering, data security and privacy service offering, and others) and services (professional services and managed services).

Security Type Insights:

Network Security
Cloud Application Security
End-point Security
Application Security
Others

A detailed breakup and analysis of the market based on the security type have also been provided in the report. This includes network security, cloud application security, end-point security, application security, and others.

Deployment Type Insights:

Cloud-based
On-premises

The report has provided a detailed breakup and analysis of the market based on the deployment type. This includes cloud-based and on-premises.

Organization Size Insights:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

A detailed breakup and analysis of the market based on the organization size have also been provided in the report. This includes large enterprises and small and medium-sized enterprises (SMEs).

Industry Vertical Insights:

Aerospace and Defense
BFSI
IT and ITES
Healthcare
Retail and E-Commerce
Manufacturing
Energy and Utilities
Telecommunication
Transportation and Logistics
Media and Entertainment
Others

The report has provided a detailed breakup and analysis of the market based on the industry vertical. This includes aerospace and defense, BFSI, IT and ITES, healthcare, retail and e-commerce, manufacturing, energy and utilities, telecommunication, transportation and logistics, media and entertainment, and others.

Country Insights:

United Arab Emirates
Saudi Arabia
Egypt
South Africa
Qatar
Kuwait
Morocco
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include United Arab Emirates, Saudi Arabia, Egypt, South Africa, Qatar, Kuwait, Morocco, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Middle East and Africa Cybersecurity Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Security Type Deployment Type Organization Size Industry Vertical Country
Components Covered	Solutions: Identity and Access Management (IAM), Infrastructure Security, Governance, Risk and Compliance, Unified Vulnerability Management Service Offering, Data Security and Privacy Service Offering, Others Services: Professional Services, Managed Services
Security Types Covered	Network Security, Cloud Application Security, End-point Security, Application Security, Others
Deployment Types Covered	Cloud-based, On-premises
Organization Sizes Covered	Large Enterprises, Small and Medium-sized Enterprises (SMEs)
Industry Verticals Covered	Aerospace and Defense, BFSI, IT and ITES, Healthcare, Retail and E-Commerce, Manufacturing, Energy and Utilities, Telecommunication, Transportation and Logistics, Media and Entertainment, Others
Countries Covered	United Arab Emirates, Saudi Arabia, Egypt, South Africa, Qatar, Kuwait, Morocco, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Middle East and Africa cybersecurity market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Middle East and Africa cybersecurity market?
What is the breakup of the Middle East and Africa cybersecurity market on the basis of component?
What is the breakup of the Middle East and Africa cybersecurity market on the basis of security type?
What is the breakup of the Middle East and Africa cybersecurity market on the basis of deployment type?
What is the breakup of the Middle East and Africa cybersecurity market on the basis of organization size?
What is the breakup of the Middle East and Africa cybersecurity market on the basis of industry vertical?
What are the various stages in the value chain of the Middle East and Africa cybersecurity market?
What are the key driving factors and challenges in the Middle East and Africa cybersecurity?
What is the structure of the Middle East and Africa cybersecurity market and who are the key players?
What is the degree of competition in the Middle East and Africa cybersecurity market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Middle East and Africa cybersecurity market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Middle East and Africa cybersecurity market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Middle East and Africa cybersecurity industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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