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GCC Cyber Security Market: Focus On Solutions (Network Security, Endpoint Security & Others), Services (Consulting, Risk Assessment, And Others), Application (BFSI, Telecommunication & Others) – Estimation & Forecast, 2018

07-23-2018 09:31 PM CET | IT, New Media & Software

Press release from: Research N Reports

GCC Cyber Security Market: Focus On Solutions (Network

GCC Cyber Security Market

The GCC Cyber Security market is estimated to grow over $10.41 billion by the end of 2022. Currently, Cyber Security solutions are acquiring a major share of the market because of an increase in the internet users in the GCC region with current estimation being approximately 40 million. Also, 45% of the social networking users in the U.A.E witnessed cybercrimes in 2018.

The GCC region acquires a significant share of the world’s energy resources and with an increased usage of personal internet and smart devices for banking applications over the past few years, the region has become more exposed to phishing and DDOS attacks. Globally, the United Arab Emirates (U.A.E) is placed at the fifteenth position as a victim of cyber-attacks due to the high density of established commercial and government organizations in the country. Increased interconnectivity, digitization, and use of social media within the organizations have made the GCC appear more pregnable to cybercrimes. In 2018, Saudi Aramco, the world’s largest oil company, was hit by a virus attack, which caused large scale damage of about $15 million and loss of critical data. In 2018, around 50% of the organizations faced Distributed Denial of Service (DDOS) attacks.

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Cyber space is continually expanding with new and innovative developments like ‘Internet of Things’ and ‘Big Data’, which will add to more levels of complexities and security challenges with regard to the various networks and systems. Therefore, cyber security will prove to be an important element of any organization and will attempt to provide many opportunities to a number of vendors to foster cyber security solutions in the GCC region.
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The GCC region has become the center point for cyber-attacks because of the region’s strategic and economic significance. The combination of attacks on Saudi Aramco and the major banks in the GCC region has put most of the Gulf countries towards the attention of various new cyber threats they might face in the future.
Our market study includes an overview and analysis of the GCC Cyber Security market by solutions and services, application verticals and GCC countries, allowing the research to develop a comprehensive outlook of the market. The report provides extensive insights of the different developments, trends and key participants.

Table Of Content
Chapter 1 GCC Cyber Security Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis https://bit.ly/2KV1wUA
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global GCC Cyber Security Market Forecast

Research N Reports is a new age market research firm where we focus on providing information that can be effectively applied. Today being a consumer driven market, companies require information to deal with the complex and dynamic world of choices. Where relying on a sound board firm for your decisions becomes crucial. Research N Reports specializes in industry analysis, market forecasts and as a result getting quality reports covering all verticals, whether be it gaining perspective on current market conditions or being ahead in the cut throat Global competition. Since we excel at business research to help businesses grow, we also offer consulting as an extended arm to our services which only helps us gain more insight into current trends and problems. Consequently we keep evolving as an all-rounder provider of viable information under one roof.

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