Middle East Cyber Security Market is Booming a CAGR of 14.2% | Key Players: Cisco Systems, NEC Corp, Kaspersky Labs, Dell Technologies, Check Point Software Technologies Ltd, IBM Corporation, Trend Micro, Symantec Corporation, FireEye, and Fortinet Techno

Middle East and Africa Cyber Security Market Overview:

In recent times it has been observed that security of personal computer and devices which are connected to a network with internet can be breached. Major social media platforms like Facebook and Twitter also counteracted against these threats. To protect from hacking and other security threats, Cyber security is essential for all devices and networks. Need for better security infrastructures in organizations as well as individuals across the world are giving opportunity for new industries to introduce and emerge in the global market.

The Middle East and Africa Cyber Security Market is estimated to be reaching 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.

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Drivers and Restraints:

Global Cyber Security Market is estimated to grow in the forecasted period owing to supporting factors such as acceptance of cyber security solutions, and the growing penetration of internet among developing and developed nations. In addition, growing wireless network for smart devices such as mobile phones and tablets, and other devices has increased data vulnerability making cyber security an essential part of every organization around the globe.

Geographic Segmentation

Geographically the Middle East and Africa Market is segmented into regions such as UAE, Saudi Arabia, Egypt, Syria, Turkey, and rest of the regions. The Middle East and Africa market is experiencing widespread deployment of mobile technologies. Business mobility is expected to penetrate more than 80% of MEA organizations by 2020. The government is also allocating a significant amount of money to health care to develop infrastructure. One of the major projects is the second phase of Dubai Healthcare City, valued between USD 816 million and USD 1.3 billion (3 billion DHS to 5 billion DHS).

Key Players in Middle East and Africa Cyber Security Market:

Cisco Systems Inc., NEC Corporation, Kaspersky Labs, Dell Technologies Inc., Check Point Software Technologies Ltd, IBM Corporation, Trend Micro Inc., Symantec Corporation, FireEye Inc., Fortinet Technologies Inc., and Proofpoint Inc. are the major players in the Middle East and Africa Market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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