According to Goldstein Research, GCC Cyber security market is expected to reach USD11.4 billion by the end of 2024 from USD 7.2 billion in 2016, growing at a CAGR of 5.9%. The growing digitization in the GCC region also accounts for growing cyber threats which are driving the demand for cyber security solutions and development by advanced technology development and its implementation.GCC Cyber security market segmentation has beendoneon the basis of solution type, services, deployment type, end-users and geography. Cyber threats has attained the government focus towards national security and increased the expenditure to curb them. GCC Cyber security market is majorly dominated by UAE and closely followed by Saudi Arabia. UAE has majority of cyber security professionals and has most advanced technology, which accounts for 35% market share of total GCC cyber security market.
Market Segmentation
On the basis of our in-depth analysis, GCCCyber SecurityMarket can be segmented as follows:
• Based on Solution Type
o Risk and Compliance Management
o Unified Threat Management (UTM)
o Security Incident Management
o Identity and Access Management (IAM)
o Encryption
o Intrusion Prevention Systems
o Other (Disaster Recovery etc.)
• Based on Services
o Managed Services
o Professional Services
• Based On Deployment Type
o Cloud
o On-Premises
• Based on End Users
o Government Sector
o BFSI (Banking, Financial Services and Insurance)
o Manufacturing
o ICT (Information and Communication Technology)
o Aerospace and Defense
o Retail
o Healthcare
o Other (Education etc.)
• On the basis of region
o Saudi Arabia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o United Arab Emirates {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Qatar {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Oman {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Bahrain {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Kuwait {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
“GCC Cyber Security Industry Analysis” contains detailed overview of the GCCCyber security market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by solution type, services, deployment type and end-users.
Further, for the in-depth analysis, GCC Cyber Security Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asIBM Security, Raytheon Company, Mimecast, Cisco, CyberArk Software, Lockheed Martin, BAE Systems, Rapid7, Palo Alto Networks, Symantec, Root9B, Herjavec Group, FireEye, Sophos, Sera-Brynn, Kaspersky Lab,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the GCCCyber security market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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