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This report focuses on Professional Global Middle East and Africa Cybersecurity Market 2020 volume and value at Global level, regional level and company level. Global Middle East and Africa Cybersecurity Market comprehensive analysis of the business models, key ways, and individual market shares of some of the most outstanding players during this landscape.
Global“Middle East and Africa Cybersecurity Market”Report 2020 offers a comprehensive breakdown of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Middle East and Africa Cybersecurity in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India.Middle East and Africa Cybersecurity Market report categorizes the market based on manufacturers, regions, type and application. This report also studiesthe worldwide market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Middle East and Africa Cybersecurity Market size (value and volume) by players, regions, product types and end industries, history data 2020 and forecast data 2024. Also, Middle East and Africa Cybersecurity Market is expected to grow at a CAGR of 14.97% during the forecast period of (2020 2024). And report provides a complete market overview, list of top manufactures, scope of the report, key market trends of Middle East and Africa Cybersecurity market, and main aspect about the report- why should you buy this research report? so don’t miss it.
Middle East and Africa Cybersecurity Market summary:
The Middle East and Africa Cybersecurity market was valued at USD 6.24 billion in 2018, and it is expected to register aCAGR of14.97%during the forecast period, (2020-2024). In recent times, rapid digitalization in countries, like the United Arab Emirates, Saudi Arabia has triggered the number of connected devices, opening new gateways for cyber attacks.- Triggered by the recent low crude oil price scenario, the governments in the region are increasing investments in information and communication technologies. As a result, most of the social infrastructure, the financial sector, government services, schools, and hospitals in the region are increasingly deploying interconnectivity solutions with minimal attention to the security needs of these developments.- The major factors driving the threat of cyber attacks in the Middle East and Africa are the growing vulnerabilities in digital communications networks and supply chains, growth in the user base of online consumers, and most of all, the deficient cybersecurity infrastructure.- In most of the corporate sector organizations in the region, the level of protection against external attackers was assessed to be extremely low. In fact, more than 43% of the companies lacked proper cybersecurity infrastructure, according to a report released by Kaspersky Lab, based in Moscow. The report also revealed that 73% of successful perimeter breaches in the sector were achieved by penetrating vulnerable web applications.
The Global Middle East and Africa Cybersecurity market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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With tables and figures helping analyze worldwide Global Middle East and Africa Cybersecurity market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
List of Top Key-players/Leading Manufacturers of Middle East and Africa Cybersecurity Market Size:
Scope of the Middle East and Africa Cybersecurity Market Report:
The Middle East region is moving quickly to adopt transformative digital technologies, though the increasing penetration of the internet, adoption of IoT, and cloud, among others to enable the economic diversification. Thus, the region has witnessed a healthy adoption of cybersecurity solutions for these digital platforms to avoid an increasingly complex battery of threats.
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Key Trends of Middle East and Africa Cybersecurity Market:
BFSI to Hold Major Share- Banks in the region are responding to the consumer preferences of the digital era by stepping up their investment in digital innovations, focusing on enhancing their mobile banking security and user experience. 456- For instance, Emirates NBD (ENBD), one of the leading banks in the region has committed AED 1 billion for digital transformation. Further, banks, such as Mashreq and Commercial Bank of Dubai (CBD) too have been early adopters of digital transformation.456- The demand for cyber security is expected to grow in the African region owing to the growth in non cash volume growth fueled by a growing population aged 15-24, which will drive new mobile money and digital payment schemes, with Kenya as emerging as a regional leader in implementation and uptake of mobile payment solutions, such as M-Pesa. Augmenting this trend, ABK Egypt with 39 branches, 85 ATMs across the country has employed Cisco’s cybersecurity solution to stay at par with the country’s digital transformation.Network Security to Hold the Largest Market Share- The Middle Eastern society is an ambitious adopter of technology, online entertainment, digital media, and social media. Jordan, in particular, has developed as a regional tech start-up hub, due to an ICT focused education system, low start-up costs, and the business-friendly government. Its growing reputation is attracting international capital to tap into the region’s underserved growing online market.456- At present, many countries recognize the potential of applying ICT to improve both social and economic development. Kuwait, for instance, has taken steps to develop a digital economy, with the development of national-level policies for e-health and e-government. Saudi Arabia received recognition from the World Bank, acknowledging the country’s efforts in executing business reforms, such as electronic filing and new payment systems.456- Recognizing the potential of ICT in improving both economic and social development, Iran is taking steps to develop a digital economy. However, with the increase in attack frequency and size, there is a high demand for secure networks in order to cope with these kinds of attacks, and avoid facing constant network disruptions and downtime. Thus, various organizations in the region have adopted network security measures, in order to overcome any disturbances to their infrastructure.
This Middle East and Africa Cybersecurity Market Research/analysis Report Contains Answers to your following Questions
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