Middle East & Africa Cybersecurity Market Growth in 2022, Emerging Trends, Size, Share and Forecast 2028

The Middle East & Africa Cybersecurity Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Middle East & Africa Cybersecurity market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Middle East & Africa Cybersecurity market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Middle East & Africa Cybersecurity market.

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 2027 and register a CAGR of 7.92% during the forecast period of 2022-2027.

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Top Leading Companies of Middle East & Africa Cybersecurity Market are - 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 and others.

Industry News and Updates:

- 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 have been the early adopters of digital transformation.

Network Security to Hold the Largest Market Share

- The Middle Eastern society is one of the important adopters of technology, online entertainment, digital media, and social media. Jordan, in particular, has developed itself as a regional tech start-up hub, owing to the factors to an ICT-focused education system, low start-up costs, and the business-friendly government. Its growing reputation is attracting international capital to tap into the region's underserved growing online market.
- At present, many countries recognize the potential of applying ICT to improve both social and economical conditions. Kuwait, for instance, has taken steps to develop a digital economy, with the development of national-level policies for e-health and e-government. Saudi Arabia received recognition from the World Bank, for the country's efforts in executing business reforms, such as electronic filing and new payment systems.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Middle East & Africa Cybersecurity Market Size & Analysis (2017 - 2027)
- Market Share Analysis of Middle East & Africa Cybersecurity Market (%),2017 - 2027
- Middle East & Africa Cybersecurity Market Share, By Brand
- Middle East & Africa Cybersecurity Market Share, By Company
- Middle East & Africa Cybersecurity Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies Middle East & Africa Cybersecurity Market Value Analysis & Forecast
- Promising Middle East & Africa Cybersecurity Development by Major Companies
- Detailed Middle East & Africa Cybersecurity Portfolio of the Major Companies
- Major Deals in the Middle East & Africa Cybersecurity Market
- Major Companies Analysis

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