PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1719091
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1719091
Middle East and Africa Cloud Security Market Set to Touch USD 6.6 Billion by 2031
Middle East and Africa Cloud Security Market is flourishing because of the confluence of accelerating cloud adoption, proactive governmental digital transformation initiatives, and the escalating landscape of cyber threats and data breaches.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East and Africa Cloud Security Market size at USD 2.88 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Middle East and Africa Cloud Security Market size to expand at a CAGR of 12.5%reaching a value of USD 6.58 billion by 2031. The growth of Cloud Security Market across the Middle East and Africa region is propelled by the rapid adoption of hybrid and cloud-based security infrastructures. Organizations across the region are strategically transitioning to these models to achieve enhanced operational flexibility, optimize costs, and effectively address evolving security imperatives within their digital transformation initiatives. This shift is further catalyzed by the increasing convergence of IT and physical security domains, enabling more cohesive and proactive threat management through seamless real-time data exchange. Notably, Genetec's 2024 State of Physical Security report indicates a significant trend, with 40% of end-users in MEA already leveraging cloud or hybrid solutions and a substantial 74% of channel partners anticipating a surge in demand. The growing acceptance of cloud for sensitive applications, such as video surveillance storage, underscores the region's increasing confidence in off-site data management. Furthermore, the modernization of access control systems with cloud-integrated solutions, incorporating mobile credentials and building management technologies, is gaining momentum. The deployment of cloud-managed appliances is streamlining operations and strengthening edge computing capabilities, while the integration of embedded analytics and automation tools is enabling organizations to derive greater value from expanding security datasets. Consequently, businesses are increasingly partnering with channel experts for proficient cloud implementation, fostering new service-based revenue streams and firmly establishing cloud security as a critical pillar of Middle East and Africa's ongoing digital evolution.
Impact of Escalating Geopolitical Tensions on Middle East and Africa Cloud Security Market
Intensifying geopolitical tensions could disrupt the growth of Middle East and Africa Cloud Security Market, driving heightened demand for advanced solutions due to increased cyber warfare targeting critical cloud infrastructure. This surge in attacks, often state-sponsored or by hacktivist groups, necessitates robust defenses like AI-driven threat detection and strong identity management. Consequently, the market is experiencing substantial growth, projected to exceed USD 6 billion by 2028, fueled by governments' digital transformation, rising cyber threats, and widespread cloud adoption across sectors such as BFSI, IT & telecom, and energy, with geopolitical instability further amplifying the critical need for robust cloud security measures.
Cloud IAM Segment Holds Largest Share of MEA Market
The cloud identity & access management (IAM) segment accounts for the largest share of Middle East and Africa Cloud Security Market by security type. The IAM segment's market dominance is propelled by the region's escalating dependence on digital services, coupled with an acute awareness of the necessity to fortify sensitive data. Notably, the UAE has become a significant focal point for identity-centric cyber threats, evidenced by nearly 561 incidents thwarted within a mere six-month span-underscoring the critical imperative for sophisticated IAM solutions. The prevalent adoption of Bring Your Own Device (BYOD) policies across enterprises further accentuates the need for stringent access management to safeguard organizational assets. Moreover, the rapid proliferation of online banking and cashless transactions, catalyzed by ambitious e-government initiatives, has elevated the significance of secure digital identities and robust user authentication. In Turkey, the swift expansion of internet penetration and the burgeoning mobile commerce sector, now accounting for over 30% of e-commerce activity, are significantly driving the demand for advanced IAM platforms to secure mobile transactions. As digital ecosystems continue to evolve and expand throughout the MEA region, IAM solutions are playing an indispensable role in facilitating secure access, mitigating potential risks, and ensuring regulatory compliance, thereby solidifying its position as the preeminent security type in Middle East and Africa Cloud Security Market.
Competitive Landscape
Major companies in Middle East and Africa Cloud Security Market include CPX (UAE), SecureLink (MEA), LoopTech (Saudi Arabia), Trend Micro Incorporated, ValueMentor (UAE), Digiport Technologies LLC (UAE), CyberKnight Technologies (MEA), CEER (Saudi Arabia), Wattlecorp CyberSecurity Labs (UAE), GreenEdge Computers LLC (GCC), Amazon Web Services, Digital Security Company (DigiSec) (Saudi Arabia), VMware, Inc., Help AG (MEA), Oracle Corp, Gulf Data Hub (UAE & KSA), Palo Alto Networks, Inc., Microsoft Corp, Microminder Cyber Security (UAE), Google LLC, Cloud Technologies (UAE), IBM, IBT (Information Business Technologies) (UAE), AHAD (UAE), Cisco Systems Inc, Moro Hub (UAE), Check Point Software Technologies Ltd., CYBER1 Solutions (MEA), Clever Solutions (Saudi Arabia), and Injazat-G42 (UAE). The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Middle East and Africa Cloud Security Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Cloud Security Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable