Middle East Zero Trust Security Market to Grow at a CAGR of 16.1% Through 2026

The Middle East Zero Trust Security Market is expected to grow at a CAGR of 16.1% in the forecast period of 2021-26, says MarkNtel Advisors in their research report. The prominent factors contributing to the market growth are technological advancements and the burgeoning digitalization across various end-users, including BFSI, Healthcare, Retail, and IT industries.

Additionally, the rising adoption of digital transformation, coupled with the generation of a large volume of data, also spurs the need for zero-trust security solutions. Currently, organizations are moving towards more robust security solutions to meet the access demand for modern users and avoid becoming the victim of data breaches, further states the research report, “Middle East Zero Trust Security Market Analysis, 2021.”

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Key Questions Answered in the Study:
1. What are the current and future trends in the Middle East Zero Trust Security Market?
2. How has the industry been evolving in terms of geography and service adoption?
3. How has the competition been shaping across the Middle East, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Middle East Zero Trust Security market?
5. What are the customer orientation, purchase behavior, and expectations from the Zero Trust Security providers across the Middle East?

Large Enterprises Acquired the Largest Share of Middle East Zero Trust Security Market

Based on the Enterprise Size, the Middle East Zero Trust Security Market bifurcates into Small & Medium Enterprises(SMEs) & Large Enterprises. Among these segments, Large Enterprises captured the majority market share during 2016-2019. These enterprises deal with high data volume and require robust security solutions to reduce the risk of potential attacks. Further, the rising digital transformation of businesses and the surging deployment of cloud-based services, owing to the increase in the remote workforce, has also escalated the demand for zero-trust security solutions among large enterprises amidst the COVID-19 pandemic.

For detailed analysis: https://www.marknteladvisors.com/research-library/middle-east-zero-trust-security-market.html

“Middle East Zero Trust Security Market Analysis, 2021” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.

Healthcare Sector to Grow Substantially in the Middle East Zero Trust Security Market

Based on the End-Users, the market bifurcates into BFSI, IT & Telecom, Retail, Healthcare, and Others, including Transportation, Manufacturing Industry, Publishing, etc. Of these segments, the Healthcare segment is anticipated to grow at a substantial rate in the coming five years owing to the surging number of innovations in digital healthcare, the significant adoption rate of cloud-based services, and the burgeoning use of IoT devices across hospitals.

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Moreover, the increasing risk of cyberattacks, such as phishing and malware, which results in treatment delays & cancellation of non-emergency procedures, has infused the deployment of zero-trust security solutions in the healthcare sector. Moreover, the surge in telemedicine culture & significant investments in disruptive technologies like AR, 5G, etc., shall further positively influence the market growth in the years to come.

Competitive Landscape
According to MarkNtel Advisors, the leading industry players in the Middle East Zero Trust Security Market are Palo Alto Networks, Cisco, Illumio, Zscaler, IBM, Akamai, CyberKnight Technologies, Orange, Citrix, and Check Point Software Technologies Ltd.

Market Segmentation:
1. By Solution (Network Security, Data Security, Endpoint Security, Security Orchestration Automation & Response (SOAR), API Security, Security Analytics, Security Policy Management)
2. By Authentication Type (Single-factor Authentication, Multi-factor Authentication)
3. By Deployment (Cloud, On-Premise, Hybrid)
4. By Enterprise Size (Small & Medium Enterprises(SMEs), Large Enterprise)
5. By End User (BFSI, IT & Telecom, Retail, Healthcare, Others {Transportation, Manufacturing Industry, Publishing, etc.})
6. By Country (UAE, Saudi Arabia, Qatar, Israel, Egypt, Kuwait, Others)
7. By Competitors (Palo Alto Networks, Cisco, Illumio, Zscaler, IBM, Akamai, CyberKnight Technologies, Orange, Citrix, Check Point Software Technologies Ltd.)

MarkNtel Advisors
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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

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.

This release was published on openPR.