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MEA Cybersecurity Market to 2023 - Increasing Demand for Cloud-Based Data Protection SolutionsDUBLIN, Feb. 14, 2019 /PRNewswire/ -- The "MEA Cybersecurity Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. This report expects the MEA cybersecurity market size to grow from USD 15.66 billion in 2018 to USD 31.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period. The rising sophistication level of cyber-attacks, increasing government compliances and regulatory requirements, and growing proliferation of smart city and digitization projects in the region have led enterprises to adopt cybersecurity solutions and services for detecting and responding to advanced cyber threats and data breaches. Moreover, the Small and Medium-sized enterprises (SMEs) are adopting cybersecurity solutions at a large scale, as they are more vulnerable to cyber-attacks and data breaches. With the adoption of cybersecurity solutions, organizations can effectively maintain and secure their critical information from data breaches and respond to cyber incidents more efficiently. The cybersecurity solutions help organizations optimize employees' productivity, protect sensitive data and applications, and comply with stringent regulations. The IAM segment is expected to dominate the market during the forecast period and estimated to have the largest market size in 2018. The encryption solution would play a key role in changing the MEA cybersecurity marketspace. As a result, the encryption segment is expected to grow at the highest CAGR during the forecast period. The encryption solution enables enterprises to hide their critical data from unauthorized bad actors. Key Topics Covered: 1 Introduction 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 High-Intensity Cyber-Attacks Expected to Induce Growth in the MEA Cybersecurity Market 5.2.1.2 Increasing Government Compliances and Regulatory Requirements 5.2.1.3 Rising Enterprise Mobility Trend Across Organizations 5.2.1.4 Proliferation of Smart City and Digitization Projects in the Middle Eastern Region 5.2.2 Restraints 5.2.2.1 High Cost of Innovation for Security Technologies and Budget Constraints for SMEs 5.2.2.2 Easy Availability of Free and Pirated Cybersecurity Solutions 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Cloud-Based Data Protection Solutions 5.2.3.2 Increase in Iot-Focused Cyber Threats 5.2.4 Challenges 5.2.4.1 Lack of Awareness Regarding Advanced and Sophisticated Cyber Threats 5.2.4.2 Shortage of Security Skills Among Security Professionals and Lack of Preplanning Among Enterprises 5.3 Regulatory Landscape 5.4 Best Practices in Cybersecurity 5.5 Use Cases 5.5.1 Anomaly Detection Solutions Adopted By an Electric Power and Gas Company 5.5.2 Dependence of A Leading IT and Telecom Company on DDOS Protection and Mitigation Solutions 5.5.3 Large-Scale Adoption of Email Encryption in A Financial Organization 5.5.4 Need for the Best-In-Class Data Protection Solutions for A Healthcare Organization 5.5.5 Adoption of Disaster Recovery Solutions By A Retail Company 5.6 Innovation Spotlight 5.6.1 Corero Network Security 5.6.2 Deep Instinct 5.6.3 XM Cyber 5.6.4 Cyberbit 5.6.5 L7 Defense 5.6.6 Seceon 5.6.7 Sekur Me 6 MEA Cybersecurity Market, By Component 6.1 Introduction 6.2 Solutions 6.3 Services 7 Market By Solution 7.1 Introduction 7.2 Identity and Access Management 7.3 Risk and Compliance Management 7.4 Encryption 7.5 Data Loss Prevention 7.6 Unified Threat Management 7.7 Firewall 7.8 Antivirus/Antimalware 7.9 Intrusion Detection System/Intrusion Prevention System 7.10 Security and Vulnerability Management 7.11 Disaster Recovery 7.12 Distributed Denial of Service Mitigation 7.13 Web Filtering 7.14 Others 8 MEA Cybersecurity Market, By Service 8.1 Introduction 8.2 Professional Services 8.2.1 Design and Implementation 8.2.2 Risk and Threat Assessment 8.2.3 Consulting 8.2.4 Training and Education 8.2.5 Support and Maintenance 8.3 Managed Services 9 Market By Security Type 9.1 Introduction 9.2 Network Security 9.3 Endpoint Security 9.4 Application Security 9.5 Cloud Security 9.6 Others 10 MEA Cybersecurity Market, By Deployment Mode 10.1 Introduction 10.2 On-Premises 10.3 Cloud 10.4 Hybrid 11 Market By Organization Size 11.1 Introduction 11.2 Small and Medium-Sized Enterprises 11.3 Large Enterprises 12 MEA Cybersecurity Market, By Vertical 12.1 Introduction 12.2 Government and Defense 12.3 Energy and Utilities 12.4 Banking, Financial Services, and Insurance 12.5 IT and Telecom 12.6 Healthcare 12.7 Retail 12.8 Manufacturing 12.9 Others 13 MEA Cybersecurity Market, By Region 13.1 Introduction 13.2 Middle East 13.2.1 Kingdom of Saudi Arabia 13.2.2 Egypt 13.2.3 Israel 13.2.4 United Arab Emirates 13.2.5 Rest of Middle East 13.3 Africa 13.3.1 Algeria 13.3.2 Morocco 13.3.3 Nigeria 13.3.4 South Africa 13.3.5 Rest of Africa 14 Competitive Landscape 14.1 Overview 14.2 Competitive Scenario 14.2.1 Partnerships, Agreements, and Collaborations 14.2.2 New Product Launches 14.2.3 Mergers and Acquisitions 14.2.4 Business Expansions 15 Company Profiles 15.1 Introduction 15.2 IBM 15.3 Symantec 15.4 Fireeye 15.5 Check Point 15.6 Cisco 15.7 Trend Micro 15.8 Sophos 15.9 Rapid7 15.10 Mcafee 15.11 Micro Focus 15.12 Microsoft 15.13 DXC Technology 15.14 Imperva 15.15 Splunk 15.16 F5 Networks 15.17 Proofpoint 15.18 Trustwave 15.19 Kaspersky Lab 15.20 Oracle 15.21 Fortinet 15.22 Palo Alto Networks 15.23 Cyberark 15.24 Forcepoint 15.25 Darkmatter 15.26 CA Technologies For more information about this report visit https://www.researchandmarkets.com/research/km22zk/mea_cybersecurity?w=5 About ResearchAndMarkets.com Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/mea-cybersecurity-market-to-2023---increasing-demand-for-cloud-based-data-protection-solutions-300795802.html SOURCE Research and Markets |