Saudi Arabia Managed Security Services Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Market Forecast By Type (Unified threat management, DDoS, Managed SIEM, Managed endpoint threat detection, Managed two factor authentication, Compliance management, Vulnerability management, Others), By Deployment (Cloud-based, On-premise), By Organization (Small and medium enterprises, Large enterprises), By Applications (BFSI, Government/defense, Healthcare, Manufacturing, Telecom & IT, Retail, Others) And Competitive Landscape

Product Code: ETC013919 Publication Date: Jan 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Managed Security Services market report comprehensively covers the market By Service Types, By Organization Size, By Deployment Types, By Applications and By Regions. Saudi Arabia Managed Security Services market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Managed Security Services Market Synopsis

 

Saudi Arabia Managed Security Services market witnessed growing exposure to digital communication networks and IT sector owing to the government initiative such as Digital Saudi plan 2030 along with rising number of people working remotely increased the need for cyber security in the country. Furthermore, the market was initially impacted in 2020 and witnessed slow growth by the ongoing COVID-19 pandemic, as there was a halt in services and people took time in adopting new technologies.  

According to 6wresearch, the Saudi Arabia Managed Security Services Market revenue size is projected to grow at a CAGR of 12.2% from 2022E-2028F. The market would register significant growth owing to growing adoption of cloud computing, artificial intelligence coupled with Saudi Arabia government’s initiative to launch Vision 2030 and CyberIC to develop the domestic cybersecurity sector the demand for managed security services would rise in upcoming years. Further, on account of rapid infrastructure development in the country and the need to monitor the growing data volumes in real time, the demand for managed security services would increase in future.

 

 

Market by Service Types,

Based on service type, Security assets monitoring, and management services acquired the highest revenue share owing to the increased hardware and software dependency of the several institutions including banks, IT, Hospitals and government sector in the country. Additionally, as cybersecurity systems progress to create a better offence and defense in counter to new approaches of attack, the cost of acquiring and setting out a cybersecurity network keeps on intensifying on the account of its upgradation and modernization in product, technology and features making it financially unviable solution for companies with low capital investments would drive the Security assets monitoring and management services market in the country.

Market by Organization Size

Based on Organization Size type, large enterprises held majority of the revenue share in Saudi Arabia managed security services market on account of rising number of large commercial offices in varied locations and under Vision 2030, Saudi Arabia vision is of becoming a global hub for commerce, investment, and international trade that would maintain their operations digitally and have a large amount of databases to safeguard.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2028.
  • Base Year: 2021
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Saudi Arabia Managed Security Services Market Overview
  • Saudi Arabia Managed Security Services Market Outlook
  • Saudi Arabia Managed Security Services Market Forecast
  • Saudi Arabia Managed Security Services Market Ranking, By Companies
  • Historical Data and Forecast of Saudi Arabia Managed Security Services Market Revenues, for the Period 2018-2028F
  • Historical Data and Forecast of Saudi Arabia Managed Security Services Market Revenues, By Material Type, for the Period 2018-2028F
  • Historical Data and Forecast of Saudi Arabia Managed Security Services Market Revenues, By Product Type, for the Period 2018-2028F
  • Historical Data and Forecast of Saudi Arabia Managed Security Services Market Revenues, By Distribution Channel, for the Period 2018-2028F
  • Historical Data and Forecast of Saudi Arabia Managed Security Services Market Revenues, By Regions, for the Period 2018-2028F
  • Saudi Arabia Managed Security Services Market Drivers and Restraints
  • Saudi Arabia Managed Security Services Market Trends
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Market Player’s Revenue Ranking
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments

By Services

  • Security Assets Monitoring and Management Services
  • Threat Intelligence
  • Research
  • Detection & Remediation Service
  • Risk & Compliance Management Service
  • Advanced & Emerging Managed Security Service

By Organization Size

  • Large Enterprise
  • Small Enterprise
  • Medium Enterprise

By Deployment

  • On-Premise Managed Security Services
  • Cloud Managed Security Services

By Regions

  • Central
  • Eastern
  • Western
Saudi Arabia Managed Security Services Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The Saudi Arabia Managed Security Services Market revenue is anticipated to record a CAGR of 12.2% during 2022-28.
By Service type, Security assets monitoring and management services captured the largest share in the Saudi Arabia Managed Security Services market, owing to the increased demand for oil and gas projects along with increased hardware and software dependency of the several institutions including banks, IT, Hospitals and government sector.
The key players of the market – Cisco Systems, Inc., Atos SE, IBM Corporation, Kaspersky Lab, Microsoft Corporation, Advanced Technology and Cybersecurity Company.
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Methodology Adopted & Key Data Points
2.5 Assumptions
3. Saudi Arabia Managed Security Services Market Overview
3.1 Saudi Arabia Managed Security Services Market Revenues, 2018-2028F
3.2 Saudi Arabia Managed Security Services Market Industry Life Cycle
3.3 Saudi Arabia Managed Security Services Market Ecosystem
3.4 Saudi Arabia Managed Security Services Market Porter’s Five Forces
4. Impact Analysis of Covid-19 on Saudi Arabia Managed Security Services Market
5. Saudi Arabia Managed Security Services Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Saudi Arabia Managed Security Services Market Trends
7. Saudi Arabia Managed Security Services Market Overview, By Service Types
7.1 Saudi Arabia Managed Security Services Market Revenues and Revenue Share, By Service Types, 2018-2028F
7.1.1 Saudi Arabia Managed Security Services Market Revenues, By Security Assets Monitoring & Management Service, 2018-2028F
7.1.2 Saudi Arabia Managed Security Services Market Revenues, By Threat Intelligence, Research, Detection & Remediation Service, 2018-2028F
7.1.3 Saudi Arabia Managed Security Services Market Revenues, By Risk & Compliance Management Service, 2018-2028F
7.1.4 Saudi Arabia Managed Security Services Market Revenues, By Advanced & Emerging Managed Security Service,  2018-2028F
8. Saudi Arabia Managed Security Services Market Overview, By Organization Size
8.1 Saudi Arabia Managed Security Services Market Revenues and Revenue Share, By Organization Size, 2018-2028F
8.1.1 Saudi Arabia Managed Security Services Market Revenues, By Large Enterprises, 2018-2028F
8.1.2 Saudi Arabia Managed Security Services Market Revenues, By Small and Medium-Sized Enterprises, 2018-2028F
9. Saudi Arabia Managed Security Services Market Overview, By Deployment Type
9.1 Saudi Arabia Managed Security Services Market Revenues and Revenue Share, By Deployment Type, 2018-2028F
9.1.1 Saudi Arabia Managed Security Services Market Revenues, By On-Premise Deployment, 2018-2028F
9.1.2 Saudi Arabia Managed Security Services Market Revenues, By Cloud Deployment 2018-2028F
10. Saudi Arabia Managed Security Services Market Overview, By Application Type
10.1 Saudi Arabia Managed Security Services Market Revenues and Revenue Share, By Application Type, 2018-2028F
10.1.1 Saudi Arabia Managed Security Services Market Revenues, By BFSI Application, 2018-2028F
10.1.2 Saudi Arabia Managed Security Services Market Revenues, By Energy Application, 2018-2028F
10.1.3 Saudi Arabia Managed Security Services Market Revenues, By Healthcare Application, 2018-2028F
10.1.4 Saudi Arabia Managed Security Services Market Revenues, By ICT Application, 2018-2028F
10.1.5 Saudi Arabia Managed Security Services Market Revenues, By Other Applications, 2018-2028F
11. Saudi Arabia Managed Security Services Market Overview, By Regions
11.1 Saudi Arabia Managed Security Services Market Revenues and Revenue Share, By Regions, 2018-2028F
11.1.1 Saudi Arabia Managed Security Services Market Revenues, By Central Region, 2018-2028F
11.1.2 Saudi Arabia Managed Security Services Market Revenues, By Eastern Region, 2018-2028F
11.1.3 Saudi Arabia Managed Security Services Market Revenues, By Western Region, 2018-2028F
12. Saudi Arabia Managed Security Services Market- Government Initiatives & Regulation
13. Saudi Arabia Managed Security Services Market Key Performance Indicators
14. Saudi Arabia Managed Security Services Market Opportunity Assessment
14.1 Saudi Arabia Managed Security Services Market Opportunity Assessment, By Service Types, 2028F
14.2 Saudi Arabia Managed Security Services Market Opportunity Assessment, By Organization Size, 2028F
14.3 Saudi Arabia Managed Security Services Market Opportunity Assessment, By Deployment Type, 2028F
14.4 Saudi Arabia Managed Security Services Market Opportunity Assessment, By Application Type, 2028F
14.5 Saudi Arabia Managed Security Services Market Opportunity Assessment, By Regions, 2028F
15. Saudi Arabia Managed Security Services Market Competitive Landscape
15.1 Saudi Arabia Managed Security Services Market Revenue Ranking, By Companies, 2021
15.2 Saudi Arabia Managed Security Services Market Competitive Benchmarking, By Technical and Operating Parameters
16. Company Profiles
16.1 Cisco Systems, Inc.
16.2 Atos SE
16.3 IBM Corporation
16.4 Kaspersky Lab
16.5 Broadcom Inc.
16.6 Microsoft Corporation
16.7 Fortinet Inc.
16.8 Palo Alto Networks, Inc.
16.9 Advanced Technology and Cybersecurity Company
16.10 Security Matterz
17. Key Strategic Recommendations
18. Disclaimer
List of Figures
1. Saudi Arabia Cyber Security Market Revenues, 2018-2028F ($ Million)
2. Saudi Arabia ICT Service Market, 2018-2022E, ($ Billion)
3. Performance of Saudi Arabia and Arab States in Network Readiness Index, By Parameters, 2021
4. Saudi Arabia Internet Penetration, 2015-2022
5. Saudi Arabia Managed Security Services Market Revenue Share, By Service Types, 2021 & 2028F
6. Saudi Arabia Managed Security Services Market Revenue Share, By Organization Size, 2021 & 2028F
7. Saudi Arabia Managed Security Services Market Revenue Share, By Deployment Types, 2021 & 2028F
8. Saudi Arabia Managed Security Services Market Revenue Share, By Applications, 2021 & 2028F
9. Saudi Arabia Managed Security Services Market Revenue Share, By Regions, 2021 & 2028F
10. Saudi Arabia ICT Market, 2019-2021 ($ Billion)
11. Saudi Arabia ICT Sector Percentage Share in GDP, 2017-2023F
12. Saudi Arabia Managed Security Services Market Opportunity Assessment, By Service Types ($ Million)
13. Saudi Arabia Managed Security Services Market Opportunity Assessment, By Organization Types ($ Million)
14. Saudi Arabia Managed Security Services Market Opportunity Assessment, By Deployment Types ($ Million)
15. Saudi Arabia Managed Security Services Market Opportunity Assessment, By Applications ($ Million)
16. Saudi Arabia Managed Security Services Market Opportunity Assessment, By Regions ($ Million)
17. Saudi Arabia Managed Security Services Market Revenue Ranking, By Companies, 2021
18. Saudi Arabia Internet of Things Market Size, 2021 & 2025F ($ Billion)
List of Tables
1. Saudi Arabia Cyber Security Data Breach, 2019-2021
2. Saudi Arabia Managed Security Services Market Revenues, By Service Types, 2018-2028F ($ Million)
3. Saudi Arabia Managed Security Services Market Revenues, By Organization Size, 2018-2028F ($ Million)
4. Saudi Arabia Managed Security Services Market Revenues, By Deployment Types, 2018-2028F ($ Million)
5. Saudi Arabia Managed Security Services Market Revenues, By Applications, 2018-2028F ($ Million)
6. Saudi Arabia Managed Security Services Market Revenues, By Regions, 2018-2028F ($ Million)
7. Saudi Arabia Smart City Mega Projects
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