Market Forecast 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 And others), 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, And Others) And Competitive Landscape.
|Product Code: ETC003249||Publication Date: Feb 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 79||No. of Figures: 16||No. of Tables: 3|
Egypt Cyber Security Market report thoroughly covers the market by types, deployment and verticals. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, key performance indicators and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Egypt Cyber Security Market has been experiencing growth as the government has recognized the importance of cyber security and has taken steps to improve the country's cyber security posture. The increasing number of cyber-attacks and data breaches in Egypt has raised the need for robust cybersecurity solutions and services, thereby driving the Egypt cyber security market growth. The market has undergone various developments such as the development of a national incident response system to respond to cyber security incidents and to coordinate with other government agencies. The establishment of the National Authority for Cybersecurity (NAC) to oversee the implementation of national cyber security strategy and to coordinate with other government agencies and the private sector on cyber security issues.
The NAC has developed and implemented a comprehensive national cyber security strategy to improve the country's cyber security posture and protect critical infrastructure and sensitive information. Moreover, the NAC has established a cyber security research and development centre to support the development of new technologies and techniques for improving cyber security in Egypt. These developments demonstrate the government's commitment to improving the country's cyber security posture and protecting its citizens and critical infrastructure from cyber threats.
Egypt cyber security market size is anticipated to witness strong growth over the coming years on account of the government strategy, National Cybersecurity Strategy 2021, which aims to establish rules and regulations to deal with cyber-crime and cyber-attacks at various levels of the country, develop the human capital and expertise required to implement cybersecurity system across various sectors. Further, in recent years, at the national level, the government has formed an autonomous body for critical information infrastructure protection and cybersecurity namely the Egyptian Supreme Cybersecurity Council (ESCC) with an aim to develop a strategy to fight back against cyber threats. However, sluggish growth is expected in the year 2020 due to suspended economic activities on account of the outbreak of the COVID-19 pandemic in different domains such as manufacturing and retail. However, the ongoing global pandemic COVID-19 hampered the overall economic growth of Egypt, thus, restraining the growth of the cyber security market as well.
According to 6Wresearch, the Egypt Cyber Security Market size is projected to grow at a CAGR of 10.7% during 2020-2026. On account of several government initiatives to digitalize the country such as the formulation of the Information and Communication Strategy 2030 that aims to achieve digital transformation by investing in developing IT infrastructure, the “Our Future is Digital” initiative and personal data protection law, along with a rising number of internet users, the Egypt cybersecurity market is anticipated to flourish over the coming years. Additionally, projects such as making Egypt a ‘smart’ city and the development of the largest international data centre by Telecom Egypt would further propel the cyber security market in Egypt during the forecast period.
Based on verticals, in 2019, IT & Telecommunication, BFSI and Government sector accounted for a cumulative market share of around 55% in the overall market revenues. IT & Telecommunication vertical acquired the highest revenue share in the overall cyber security market on account of the heavy application of cyber security products and availing cyber security services due to increasing ICT and IT spending by tech-savvy IT & telecommunication companies. Further, BFSI, government & defence domains would witness significant growth in the forecast period on account of an increase in the application of digital technology for banking and financial services due to the increase in cyber-attacks on the aforementioned domains.
Further, in 2019, based on types, enterprise cyber security products dominated the market revenue share in the overall cyber security market owing to the increasing number of cybercrimes of all forms such as identity theft, violating personal data and attacks on private or state-owned websites. Additionally, as awareness about data protection and cyber security increases, the services market which includes managed security services, consulting and outsourcing services is also anticipated to grow significantly. Additionally, strong support is provided by the government in form of building and educating cybersecurity experts which would augment the demand for solutions and supply of services in years to come.
The report provides a detailed analysis of the following market segments:
1. Does the report consider COVID-19 impact?
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
2. How much growth is expected in the Egypt Cyber Security Market over the coming years?
The Egypt Cyber Security Market revenue is anticipated to record a CAGR of 10.7% during 2020-2026.
3. Which segment has captured a key share of the market?
Enterprise Cyber Security Services has dominated the overall market revenues in the year 2020.
4. Which segment is exhibited to gain traction over the forecast period?
IT & Telecommunication vertical is expected to record key growth throughout the forecast period 2020-2026.
5. Who are key the key players in the market?
The key players of the market include- Norton LifeLock Inc, McAfee, Inc, Oracle Corporation, Fortinet, Inc, IBM Corporation, Cisco Systems Inc., Dell Technologies Inc, Check Point Software Technologies Ltd., Microsoft Corporation, and Palo Alto Networks, Inc.
6. Is customization available in the market study?
Yes, we can do customization as per your requirements. Please feel free to write to us at firstname.lastname@example.org for any customized or any other requirements
7. We also want to have market reports for other countries/regions.
6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.
|TABLE OF CONTENTS|
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. Egypt Cyber Security Market Overview|
|3.1 Egypt Cyber Security Market Revenues, 2016-2026F|
|3.2 Egypt Cyber Security Market Revenue Share, By Types, 2019 & 2026F|
|3.3 Egypt Cyber Security Market Revenue Share, By Deployment, 2019 & 2026F|
|3.4 Egypt Cyber Security Market Revenue Share, By Verticals, 2019 & 2026F|
|3.5 Egypt Cyber Security Market Revenue Share, By Types, 2019 & 2026F|
|3.6 Egypt Cyber Security Market- Industry Life Cycle|
|3.7 Egypt Cyber Security - Porter’s Five Forces|
|4. Egypt Cyber Security Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. Egypt Cyber Security Market Trends & Evolution|
|6. Egypt Cyber Security Market Overview, By Types|
|6.1. Egypt Cyber Security Market Revenues, By Solutions, 2016-2026F|
|6.1.1. Egypt Cyber Security Market Revenue Share, By Solution Types, 2019 & 2026F|
|6.1.2. Egypt Cyber Security Market Revenues, By Solution Types, 2016-2026F|
|6.2. Egypt Cyber Security Market Revenues, By Services, 2016-2026F|
|6.2.1. Egypt Cyber Security Market Revenue Share, By Service Types, 2019 & 2026F|
|6.2.2. Egypt Cyber Security Market Revenues, By Service Types, 2016-2026F|
|7. Egypt Cyber Security Market Overview, By Deployment|
|7.1. Egypt Cyber Security Market Revenues, By Cloud, 2016-2026F|
|7.2. Egypt Cyber Security Market Revenues, By On Premises, 2016-2026F|
|8. Egypt Cyber Security Market Overview, By Verticals|
|8.1. Egypt Cyber Security Market Revenues, By Government & Defence, 2016-2026F|
|8.2. Egypt Cyber Security Market Revenues, By BFSI, 2016-2026F|
|8.3. Egypt Cyber Security Market Revenues, By Retail, 2016-2026F|
|8.4. Egypt Cyber Security Market Revenues, By Healthcare & Hospitality, 2016-2026F|
|8.5. Egypt Cyber Security Market Revenues, By IT & Telecommunication, 2016-2026F|
|8.6. Egypt Cyber Security Market Revenues, By Energy & Utilities, 2016-2026F|
|8.7. Egypt Cyber Security Market Revenues, By Manufacturing 2016-2026F|
|8.8. Egypt Cyber Security Market Revenues, By Others, 2016-2026F|
|9. Egypt Cyber Security Market – Key Performance Indicators|
|10. Egypt Cyber Security Market - Opportunity Assessment|
|10.1. Egypt Cyber Security Market Opportunity Assessment, By Types, 2026F|
|10.2. Egypt Cyber Security Market Opportunity Assessment, By Deployment, 2026F|
|10.3. Egypt Cyber Security Market Opportunity Assessment, By Verticals, 2026F|
|11. Egypt Cyber Security Market – Competitive Landscape|
|11.1. Egypt Cyber Security Market Revenue Share By Company, 2019|
|11.2. Egypt Cyber Security Market, By Operating and Technical Parameters, 2019|
|12. Company Profiles|
|12.1. Cisco Systems Inc.|
|12.2. Check Point Software Technologies Ltd.|
|12.3 Palo Alto Networks Inc.|
|12.5. Dell Technologies|
|12.6. Kaspersky Lab|
|12.7. IBM Corporation|
|12.8. NEC Corporation|
|12.9 NortonLifeLock Inc.|
|12.10. FireEye Inc.|
|12.11. TrendMicro Inc.|
|13. Key Strategic Recommendations|