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.
Browse 146 market data tables and 59 figures spread through 250 pages and in-depth TOC on "Middle East Cyber Security Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service, Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2022"

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The application security segment is expected to grow at the highest CAGR during the forecast period. Advanced threats on applications and advancements in mobile computing have led to the growing popularity of the enterprise mobility. Also, the Bring Your Own Device (BYOD) trend in the corporate environments is driving the demand over the forecast period. However, the network security segment holds the largest share in the Middle East cyber security market in 2017, due to the increased instances of threats on complex networks that affect the business operations of the various industry verticals.

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The managed services segment is expected to grow at the highest CAGR during the forecast period, while the professional services segment is estimated to hold the largest market size in 2017. In addition, the consulting subsegment in the professional services segment is expected to grow at the highest CAGR during the forecast period, and is estimated to hold a major share of the Middle East cyber security professional services market in 2017.
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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