Middle East Managed & Professional Security Services Market Size, Share, Demand, Trends, Growth and Forecast Report to 2021-26

Managed & Professional Security Services include a precise way to administer the security requirements of an organization either through in-house or outsourced service systems. These services offer constant monitoring of the company's security, enabling them to take prompt action against any intrusion.

According to MarkNtel Advisors' research report, "Middle East Managed & Professional Security Services Market Analysis, 2021," the market is likely to grow at a CAGR of XX% in the forecast period of 2021-26. The primary growth factors include the lack of skilled professionals in organizations to execute challenging IT requirements, coupled with cost reduction & minimal IT budgets that force companies to leverage their security services. Besides, the increasing adoption of Cloud-based services in the IT sector further propels the demand for Managed & Professional Security Service Systems, especially among small sized businesses, thereby likely to fuel the overall market growth in the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the Middle East Managed & Professional Security Services Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Middle East Managed & Professional Security Services Market?
5. What are the customer orientation, purchase behavior, and expectations from the Middle East Managed & Professional Security Services Market service providers?

Consulting Services to Witness the Fastest Market Growth During the Forecast Period

The Middle East Managed & Professional Security Services Market has three service types, viz. Professional Services: Design & Development, Integration, IT Assessment, Consulting, Training & Education, Maintenance & Upgrades, Managed Services: Hosting services, Cyber Security Services, Managed Cloud services, Managed Detection & Response (MDR), Managed Threat Intelligence, and Others: 24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc. Of them all, the Consulting segment of Professional Services is more likely to attain the fastest market growth in the forecast period. It owes to the growing adoption of consulting services amongst organizations to obtain industry-leading assessments & multiply their security strategies. Besides, these services also help users quantify & understand the risks involved, detect & act upon the threats, accelerate the priorities on security, and extend the organization's overall resources. Hence, the factors mentioned above suggest that consulting services shall witness the fastest market growth in the forecast period.

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"Middle East Managed & Professional Security Services Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Managed & Professional Security Services providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Large Size Enterprises to Dominate the Middle East Managed & Professional Security Services Market during 2021-26

Based on the Enterprise Size, the Middle East Managed & Professional Security Services Market segments into Large, Medium, and Small Enterprises. Of them all, Large Enterprises are more likely to dominate the market with the largest share in the forecast period. An enterprise with more than 1000 employees is considered a Large Enterprise. These enterprises are more prone to cyberattacks & threats that could lead to massive loss of data and money. Therefore, they actively adopt these security services to avoid any possibility of cyberattacks and other threats. With this, the segment shall dominate the market in the forecast period, reveals MarkNtel Advisors in their research report, "Middle East Managed & Professional Security Services Market Analysis, 2021."

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According to MarkNtel Advisors, the leading players in the Middle East Managed & Professional Security Services Market are IBM, Cisco, BIOS Middle East Group, Huawei, Gulf Business Machines (GBM), Ras Infotech, AGC Networks, Data TAAG Technologies Middle East LLC, VRS Technologies LLC, Mindfire Technologies LLC, Chipco Solutions LLC, Others.

Market Segmentation:
1. By Service (Professional Services (Design & Development, Integration, IT Assessment, Consulting, Training & Education, Maintenance & Upgrades), Managed Services, (Hosting services, Cyber Security Services, Managed Cloud services, Managed Detection & Response (MDR), Managed Threat Intelligence), Others (24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc.))
2. By Deployment (Cloud, On-Premise, Hybrid)
3. By Enterprise Size (Large, Mid-sized, Small)
4. By End-User (Oil & Gas, BFSI, Healthcare, Utilities, IT & ITES, Telecom, Industrial, Others)
5. By countries (UAE, Saudi Arabia, Qatar, Turkey, Israel, Kuwait, Bahrain, Oman, Egypt)
6. By Competitors (IBM, Cisco, BIOS Middle East Group, Huawei, Gulf Business Machines (GBM), Ras Infotech, AGC Networks, Data TAAG Technologies Middle East LLC, VRS Technologies LLC, Mindfire Technologies LLC, Chipco Solutions LLC, Others)

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We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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