GCC Cyber Security Market to Grow at a CAGR of 5.9% (2016-2024)

New York, USA, 2018-Sep-20 — /EPR Network/ —

As per Goldstein Research analysis, GCC Cyber security market size is anticipated to be valued at USD 11.4 billion by the end of 2024 growing from estimated USD 7.2 billion in 2016, expanding at a CAGR of 5.9%. Rapidly rising digitization along with spurring incidences of cyber-crimes has significantly shifted the regional governments focus towards national security threat through various initiatives, it thus primarily driving the growth of the market. Further, based on geography, GCC cyber security market major share is held by UAE, acquiring nearly 35.0% share of the total market. UAE is further followed by Saudi Arabia, with a market share of 30.0% in 2016. Saudi Arabia cyber security market is growing at considerable CAGR during the forecast period on the back of mounting oil & gas sector.

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Market Segmentation

On the basis of our in-depth analysis, GCC Cyber Security Market can be segmented as follows:

Based on Solution Type

  • Risk and Compliance Management
  • Unified Threat Management (UTM)
  • Security Incident Management
  • Identity and Access Management (IAM)
  • Encryption
  • Intrusion Prevention Systems
  • Other (Disaster Recovery etc.)

Based on Services

  • Managed Services
  • Professional Services

Based On Deployment Type

  • Cloud
  • On-Premises

Based on End Users

  • Government Sector
  • BFSI (Banking, Financial Services and Insurance)
  • Manufacturing
  • ICT (Information and Communication Technology)
  • Aerospace and Defense
  • Retail
  • Healthcare
  • Other (Education etc.)

On the basis of region

  • Saudi Arabia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • United Arab Emirates {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Qatar {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Oman {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Bahrain {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Kuwait {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

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“GCC Cyber Security Market Outlook 2024” highlights a comprehensive overview of the GCC cyber security market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by solution type, services, deployment type, and end-users.

The GCC Cyber Security Market Report highlights the competitive outlook of major GCC players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The comprehensive analysis of cyber security market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Major players of the GCC cyber security market analyzed in the report are: IBM Security, Raytheon Company, Mimecast, Cisco, Cyber Ark Software, Lockheed Martin, BAE Systems, Rapid7, Palo Alto Networks, Symantec, Root9B, Herjavec Group, FireEye, Sophos, Sera-Brynn, Kaspersky Lab,etc.

Further, GCC Cyber Security Market Report encompasses the key factors driving the growth of market, opportunities in the market and the factors posing threats & challenges to the market. The Cyber Security Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on ICT market research  report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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sales@goldsteinresearch.com

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