Middle East & Africa Cybersecurity Market 2022 Strategic Assessment and Business Scope- Cisco Systems Inc., Dell Technologies, Kaspersky Lab, IBM Corporation, Check Point Software Technologies Ltd

The report considers the present scenario of the Middle East & Africa Cybersecurity Market and its dynamics for the forecast period 2022-2026. Middle East & Africa Cybersecurity Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

The cybersecurity market in the Middle East & Africa was valued at USD 1903.59 million in 2020, and it is expected to reach USD 2893.40 million by 2026 and register a CAGR of 7.92% during the forecast period of 2021-2026. 

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The Middle East & Africa Cybersecurity market is highly competitive and consists of a number of major players. Companies like Cisco Systems Inc., Dell Technologies, Kaspersky Lab, IBM Corporation, Check Point Software Technologies Ltd, Palo Alto Networks Inc., Broadcom Inc. (Symantec Corporation), Trend Micro Inc., FireEye Inc., Paramount Computer Systems LLC, DTS Solutions Inc Amongst Others.

Key Developments:

- Oct 2020 - Palo Alto Networks announced Prisma Cloud 2.0 which includes four new cloud security modules, enhancing its standing as the industry's only comprehensive Cloud Native Security Platform (CNSP). A CNSP is designed to secure multi- and hybrid-cloud environments and cloud native applications integrating security across the full DevOps lifecycle.
- Oct 2020 - Dell Technologies partnered with NVIDIA further building on to their relationship to bring smarter GPU acceleration platforms, as a part of Dell EMC PowerEdge server family. The broad selection of NVIDIA GPUs in the Dell EMC PowerEdge server portfolio is expected to provide acceleration to data-driven applications in GPUs.

Key Market Trends:

BFSI to Hold Major Share
- Banks in the region are responding to the consumers' preferences of the digital era by increasing their investments in digital innovations, as well as focusing on enhancing the security of mobile banking and the user-experience.
- For instance, Emirates NBD (ENBD), one of the leading banks in the region invested AED 1 billion for digital transformation. Further, the banks, such as Mashreq and Commercial Bank of Dubai (CB-D), have been the early adopters of digital transformation.
- The demand for cybersecurity is expected to increase in the African region, owing to the growth in non-cash volume, fueled by the growing population aged 15-24. This factor is expected to drive the new mobile money and digital payment schemes, with Kenya emerging as the regional leader in the implementation and uptake of mobile payment solutions, such as M-Pesa. Augmenting this trend, ABK Egypt, with 39 branches and 85 ATMs across the country, has employed Ciscos cybersecurity solution to stay at par with the countrys digital transformation.
- Many local and international banks in the UAE are sharing information to reduce cyberattacks. 

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Middle East & Africa Cybersecurity Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Middle East & Africa Cybersecurity Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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