The Middle East cyber security market size is expected to grow from USD 11.38 Billion in 2017 to USD 22.14 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The major growth drivers of the market include the need to mitigate IT security risks, rising instances of enterprise targeted cyber-attacks and threats, and proliferation of smart city and digitization projects in the Middle East region.
The Middle East cyber security market is segmented by solutions, services, security types, deployment modes, organization size, verticals, and countries. The solutions component is estimated to have the largest market size in 2017. Moreover, the services segment is expected to grow at the highest CAGR during the forecast period. An increasing demand from large enterprises and Small and Medium Enterprises (SMEs) from diverse industry verticals to safeguard their premises and cloud environment from advanced threats, such as malwares, ransomwares, and Advanced Persistent Threats (APTs) has led to the growth of the Middle East cyber security market. In addition, stringent government compliances and the increasing demand for integrated and next-generation security solutions are expected to further increase the demand for such solutions.


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The Middle East cyber security market has been segmented on the basis of countries such as Saudi Arabia, Qatar, Kuwait, UAE, Bahrain, Israel, Turkey, Oman, Egypt, Jordan, and Others, to provide a country-specific analysis in the report. Saudi Arabia, followed by Israel, is estimated to become the largest revenue-generating country for cyber security solution vendors in 2017. This is mainly because of the presence of major cyber security vendors and service providers along with the early adoption trends for innovative technologies and increasing number of advanced threats in Saudi Arabia and Israel. Qatar is expected to be the fastest growing region in the market, owing to the rising adoption of cyber security solutions across SMEs and large enterprises emerging in the country.

The Middle East cyber security market faces challenges, such as issues pertaining to the complexity of advanced threats and dynamicity of organizations and IT infrastructure and cloud environment. Moreover, factors such as increased operational costs and the lack of awareness regarding the internal and external threats, limit the growth of the market.

Major vendors that offer cyber security solutions and services across Middle East are Check Point Software Technologies Ltd (Israel), Cisco Systems, Inc. (U.S.), Computer Sciences Corporation (U.S.), Forcepoint LLC (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Intel Security (U.S.), IBM Corporation (U.S.), Sophos Ltd (U.K.), Symantec Corporation (U.S.), and Trend Micro, Inc. (Japan). These companies have implemented different types of organic and inorganic growth strategies, such as innovative product launches, mergers & acquisitions, and partnerships & collaborations to expand their offerings in the Middle East cyber security market.

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