Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Component (Software, Hardware, Services), By Software (IAM, Antivirus/Antimalware, Log Management and SIEM, Encryption and Tokenization, Compliance and Policy Management, Patch Management, Other Software), By Security Type (Network Security, Cloud Security, Application Security, Endpoint and IoT Security), By Deployment Mode (Cloud, On-premises), By Organization Size (Large Enterprises, SMEs), By Vertical (Aerospace and Defense, BFSI, IT and ITeS, Telecommunication, Energy and Utilities, Retail and eCommerce, Healthcare, Transportation and Logistics) And Competitive Landscape
Product Code: ETC4616929 | Publication Date: Jul 2023 | Updated Date: Nov 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Middle East Cyber Security Market |
 Base Year | 2022 |
 Historical Period | 2019-2022 |
 Forecast Period | 2023-2029 |
 Growth rate | 16.9% |
 Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
 Segment Coverage | By Countries, By Component, By Software, By Security Type, By Deployment Mode, By Organization Size, By Vertical |
 Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
 Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
The Middle East Cyber Security market report thoroughly covers the market by software, security type, deployment mode, organization size, vertical, countries and competitive landscape. The report provides an unbiased and detailed analysis of the ongoing 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 Cyber Security industry is experiencing substantial growth and evolution, driven by several key factors. With an increasing reliance on digital technologies and the expansion of the IT landscape, there is a growing awareness of the critical need for robust cybersecurity measures to protect against a rising tide of cyber threats. Further, the government initiatives and regulations aimed at strengthening cybersecurity are spurring investments in the sector, especially in countries like the UAE and Saudi Arabia. Additionally, the region's strategic importance and its role as a global business hub have made it a prime target for cyberattacks, further driving the demand for advanced cybersecurity solutions. Cloud security, threat intelligence, and advanced persistent threat (APT) protection are among the notable trends, as well as the adoption of Artificial Intelligence (AI) and Machine Learning (ML) for proactive threat detection and response. Moreover, the increasing adoption of remote work solutions due to the COVID-19 pandemic has intensified the focus on cybersecurity, making it a top priority for businesses and governments across the Middle East. However, the market faces certain challenges such as there is a shortage of skilled cybersecurity professionals, which hinders the region's ability to effectively combat evolving cyber threats. Secondly, the complexity of the threat landscape, including the prevalence of advanced persistent threats (APTs) and nation-state-sponsored cyberattacks, requires constant vigilance and investment in cutting-edge security technologies.
According to 6Wresearch, the Middle East Cyber Security market size is projected to grow at a CAGR of 16.9% and estimated to reach USD 2.70 billion during 2023-2029. The Middle East cybersecurity market is driven by several key factors. Firstly, the region's increasing reliance on digital transformation and the proliferation of internet-connected devices has expanded the attack surface, making robust cybersecurity solutions imperative. Secondly, the growing number and sophistication of cyber threats, including nation-state-sponsored attacks, ransomware, and data breaches, are compelling organizations to invest in advanced security measures. Thirdly, government initiatives and regulations promoting cybersecurity compliance and data protection, such as the UAE's National Cybersecurity Strategy and Saudi Arabia's Cybersecurity Framework, are driving investments in the sector. Additionally, the COVID-19 pandemic has accelerated the adoption of remote work and digital solutions, heightening the need for secure remote access and cloud security. The Middle East's strategic importance as a global business hub and its commitment to diversifying its economy further contribute to the growth of the cybersecurity market, making it a top priority for businesses and governments alike.
The Middle East cybersecurity market revenues witnessed a notable impact from the COVID-19 pandemic. The sudden shift to remote work and increased reliance on digital technologies during lockdowns and social distancing measures created new vulnerabilities, resulting in a surge in cyberattacks and threats across the region. Businesses and government agencies scrambled to strengthen their cybersecurity measures to protect sensitive data and critical infrastructure. This led to increased investments in cybersecurity solutions, particularly those focused on secure remote access, threat detection, and cloud security. Additionally, the pandemic highlighted the importance of business continuity and disaster recovery planning, further driving demand for cybersecurity services. While the pandemic posed significant challenges, it also accelerated the recognition of cybersecurity as a mission-critical aspect of business operations in the Middle East, fostering long-term growth opportunities in the sector.
The Middle East cybersecurity market features a dynamic landscape with both global and regional key players. International cybersecurity giants such as Palo Alto Networks, Symantec (now part of Broadcom), Cisco Systems, and Fortinet have a strong presence, offering a wide range of security solutions to enterprises and government entities. Regional players like DarkMatter Group (now known as Cyxtera Technologies), Help AG (part of Atos), and Spire Solutions contribute to the market's growth by providing specialized cybersecurity services and solutions tailored to the unique needs of the Middle East. Further, some of the businesses grasp substantial Middle East Cyber Security market share. Moreover, the collaborative efforts between these global and regional players play a pivotal role in addressing the evolving cyber threats and security challenges faced by organizations across the region.
According to Ravi Bhandari, Research Head, 6Wresearch, the Middle East cybersecurity market serves a diverse range of key verticals, each with its unique security needs. Government and defence sectors are prominent clients, given the region's geopolitical significance, with a strong emphasis on safeguarding critical infrastructure and sensitive data. The financial sector is another crucial vertical, as banks and financial institutions require robust security measures to protect customer data and maintain trust. The healthcare industry has seen growing demand for cybersecurity solutions due to the digitization of patient records and the increasing risk of healthcare data breaches. Additionally, the energy and utilities sector is a critical vertical, given the importance of securing oil and gas facilities and power grids. Moreover, as the Middle East becomes a global technology and innovation hub, the IT and telecommunications vertical is also experiencing significant cybersecurity investments to protect against cyber threats. Finally, industries such as manufacturing, retail, and education are recognizing the importance of cybersecurity as they digitize their operations, contributing to the overall growth of the cybersecurity market in the Middle East.Â
Several countries in the Middle East have emerged as key performers in the cybersecurity market. Additionally, Saudi Arabia is one of the leading countries in the Cyber Security market in the region and holds the majority of the Saudi Arabia Cyber Security Market share. Further, the United Arab Emirates (UAE) also leads the market, particularly Dubai and Abu Dhabi, which have implemented comprehensive cybersecurity strategies and regulations. Saudi Arabia is another significant player, driven by its Vision 2030 initiative, which includes a strong emphasis on cybersecurity and technology advancement. Israel, though technically located in the Middle East, is often considered separately due to its global prominence in cybersecurity, with a thriving ecosystem of cybersecurity startups and innovation hubs. Additionally, Bahrain, Oman, and Kuwait are making strides in enhancing their cybersecurity posture, with various initiatives and regulations in place to bolster their digital defence. These countries' efforts collectively contribute to the growth and development of the cybersecurity market in the Middle East region.
The Middle East Cyber Security market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Cyber Security Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Cyber Security Market Revenues & Volume, 2019 & 2029F |
3.3 Middle East Cyber Security Market - Industry Life Cycle |
3.4 Middle East Cyber Security Market - Porter's Five Forces |
3.5 Middle East Cyber Security Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Middle East Cyber Security Market Revenues & Volume Share, By Component, 2022 & 2029F |
3.7 Middle East Cyber Security Market Revenues & Volume Share, By Software, 2022 & 2029F |
3.8 Middle East Cyber Security Market Revenues & Volume Share, By Security Type, 2022 & 2029F |
3.9 Middle East Cyber Security Market Revenues & Volume Share, By Deployment Mode, 2022 & 2029F |
3.10 Middle East Cyber Security Market Revenues & Volume Share, By Organization Size, 2022 & 2029F |
3.11 Middle East Cyber Security Market Revenues & Volume Share, By Vertical, 2022 & 2029F |
4 Middle East Cyber Security Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Cyber Security Market Trends |
6 Saudi Arabia Cyber Security Market, 2019 - 2029 |
6.1.1 Saudi Arabia Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
6.1.2 Saudi Arabia Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
6.1.3 Saudi Arabia Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
6.1.4 Saudi Arabia Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
6.1.5 Saudi Arabia Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
6.1.6 Saudi Arabia Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
7 UAE Cyber Security Market, 2019 - 2029 |
7.1 UAE Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
7.2 UAE Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
7.3 UAE Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
7.4 UAE Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
7.5 UAE Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
7.6 UAE Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
8 Qatar Cyber Security Market, 2019 - 2029 |
8.1 Qatar Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
8.2 Qatar Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
8.3 Qatar Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
8.4 Qatar Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
8.5 Qatar Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
8.6 Qatar Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
9 Kuwait Cyber Security Market, 2019 - 2029 |
9.1 Kuwait Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
9.2 Kuwait Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
9.3 Kuwait Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
9.4 Kuwait Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
9.5 Kuwait Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
9.6 Kuwait Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
10 Oman Cyber Security Market, 2019 - 2029 |
10.1 Oman Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
10.2 Oman Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
10.3 Oman Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
10.4 Oman Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
10.5 Oman Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
10.6 Oman Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
11 Bahrain Cyber Security Market, 2019 - 2029 |
11.1 Bahrain Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
11.2 Bahrain Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
11.3 Bahrain Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
11.4 Bahrain Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
11.5 Bahrain Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
11.6 Bahrain Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
12 Turkey Cyber Security Market, 2019 - 2029 |
12.1 Turkey Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
12.2 Turkey Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
12.3 Turkey Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
12.4 Turkey Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
12.5 Turkey Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
12.6 Turkey Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
13 Rest of Middle East Cyber Security Market, 2019 - 2029 |
13.1 Rest of Middle East Cyber Security Market, Revenues & Volume, By Component, 2019 - 2029 |
13.2 Rest of Middle East Cyber Security Market, Revenues & Volume, By Software, 2019 - 2029 |
13.3 Rest of Middle East Cyber Security Market, Revenues & Volume, By Security Type, 2019 - 2029 |
13.4 Rest of Middle East Cyber Security Market, Revenues & Volume, By Deployment Mode, 2019 - 2029 |
13.5 Rest of Middle East Cyber Security Market, Revenues & Volume, By Organization Size, 2019 - 2029 |
13.6 Rest of Middle East Cyber Security Market, Revenues & Volume, By Vertical, 2019 - 2029 |
14 Middle East Cyber Security Market Key Performance Indicators |
15 Middle East Cyber Security Market - Opportunity Assessment |
15.1 Middle East Cyber Security Market Opportunity Assessment, By Countries, 2022 & 2029F |
15.2 Middle East Cyber Security Market Opportunity Assessment, By Component, 2022 & 2029F |
15.3 Middle East Cyber Security Market Opportunity Assessment, By Software, 2022 & 2029F |
15.4 Middle East Cyber Security Market Opportunity Assessment, By Security Type, 2022 & 2029F |
15.5 Middle East Cyber Security Market Opportunity Assessment, By Deployment Mode, 2022 & 2029F |
15.6 Middle East Cyber Security Market Opportunity Assessment, By Organization Size, 2022 & 2029F |
15.7 Middle East Cyber Security Market Opportunity Assessment, By Vertical, 2022 & 2029F |
16 Middle East Cyber Security Market - Competitive Landscape |
16.1 Middle East Cyber Security Market Revenue Share, By Companies, 2022 |
16.2 Middle East Cyber Security Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |