PUBLISHER: TechSci Research | PRODUCT CODE: 1077030
PUBLISHER: TechSci Research | PRODUCT CODE: 1077030
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UAE cyber security market is projected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising cyber threats across organizations and the increasing need to protect important documents and data from various types of threats such as malware, ransomware, among others. Besides, technological advancements such as integrated security solutions and next-generation security solutions coupled with the rising adoption of advanced technologies such as artificial intelligence, the internet of things, among others, are contributing to the growth of the UAE cyber security market during the forecast period. A rise in malware and phishing threats among enterprises and a surge in demand for cloud-based cyber security solutions are expected to fuel the demand for UAE cyber security market in the coming years. Emerging e-commerce platforms and an enhanced focus of market players on developing internet security solutions based on artificial intelligence platforms are expected to fuel the market growth. Increasing adoption of enterprise security solutions from manufacturing, banking, financial services, and insurance and healthcare industry is anticipated to drive the market growth.
Additionally, players in the UAE cybersecurity market are focused on developing advanced cybersecurity solutions based on cloud computing services to identify and mitigate threats quickly. Moreover, the rising number of e-commerce channels and advancements in blockchain technology have augmented internet security solutions in a connected network infrastructure, which is expected to propel market growth. However, the high cost of cyber security solutions and lack of awareness pertaining to internal threats within the organizations are further expected to impede the market growth.
The UAE cyber security market is segmented based on security type, solution type, deployment mode, end user industry, company, and region. Based on solution type, the market can be categorized into identity & access management, risk & compliance management, encryption & decryption, data loss prevention, unified threat management, firewall, antivirus & malware, intrusion detection/prevention system, infrastructure security, and others. The identity & access management solution type is anticipated to fuel the UAE cybersecurity market growth owing to the rising demand for identity and access management solutions across various end-user industries.
IBM Middle East FZ LLC, UAE, Oracle Systems Limited, Microsoft Gulf FZ LLC (Microsoft Gulf), AWS Dubai, Juniper Networks, Cisco Middle East, UAE, Broadcom, UAE, Palo Alto Networks, CyberArk, Fortinet, etc. are some of the top companies in the UAE cyber security market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across UAE. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, and presence of all major players across UAE.
TechSci Research calculated the market size of UAE cyber security market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, UAE cyber security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Network Security
Endpoint Security
Application Security
Cloud Security
Content Security
Others
Identity & Access Management
Risk & Compliance Management
Encryption & Decryption
Data Loss Prevention
Unified Threat Management
Firewall
Antivirus & Malware
Intrusion Detection/Prevention System
Infrastructure Security
Others
On-Premise
Cloud
BFSI
IT & Telecom
Defense
Energy & Power
Retail
Healthcare
Others
Dubai
Sharjah
Abu Dhabi
Rest of UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in UAE cyber security market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information