The Ever-Increasing Establishment of MNCs in the UAE Spurs Growth in the Cloud Security Industry

A recent research report by MarkNtel Advisors states that the UAE Cloud Security Market is set to record around 13.26% CAGR during 2022-27. It owes to the burgeoning adoption of cloud platforms by both large enterprises & SMEs to attain scalability & cost-effectiveness, coupled with the increasing number of MNCs in the country, i.e., augmenting the need for cloud security services.

Besides, active government efforts toward strengthening the country's cybersecurity and automating various administrative operations are also propelling the market expansion. Moreover, the implementation of a cloud-first policy in order to catalyze cloud adoption in the private & public sectors, which has resulted in the mounting prevalence of cloud-based solutions, is another prominent aspect projected to boost the cloud security market in the UAE through 2027.

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Public Cloud Services Hold a Prominent Market Share in the UAE

More & more SMEs (Small & Medium Enterprises) across the UAE are increasingly adopting public cloud services owing mainly to their scalability, which helps them attain cost-efficiency. Public cloud services charge businesses only per usage of CPU cycles, storage, or bandwidth they consume, which, in turn, helps companies save around 35% of operating costs annually. In addition, public cloud services offer flexibility to employees in remotely accessing cloud platforms from different offices or branches. Hence, with easy access associated with public cloud services, they are more prone to security breaches, i.e., augmenting the demand for cloud security as public cloud users are accelerating in the country.

Identify & Access Management Solutions to Witness Significant Demand Upsurge

The banking & finance, government, and oil & gas sectors in the UAE are witnessing ever-growing incidences of identity thefts, i.e., augmenting the demand for identity & access management solutions in the country for the effective management of digital identities & user access to data, systems, & resources within an enterprise. Hence, identity & access management solutions are in high demand in the UAE and, consequently, stimulating the overall growth of the cloud security market.

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Competitive Landscape

The key companies operating in the UAE Cloud Security Market include IBM Middle East FZ LLC, UAE, Oracle Systems Limited, Microsoft Gulf FZ LLC (Microsoft Gulf), AWS Dubai, Juniper Networks Inc., Cisco Middle East, Broadcom, Palo Alto Networks UAE, CyberArk Software Inc., and Fortinet Inc.

Key Questions Answered in the Study:

-What are the current & future trends in the UAE Cloud Security Market?

-How has the industry been evolving in terms of geography?

-How has the competition been shaping across the country, followed by their competitive landscape?

-What are the key growth drivers & challenges for the UAE Cloud Security Market?

-What are the customer orientation, purchase behavior, and expectations from the leading players in the UAE Cloud Security Market?

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Market Segmentation:

-By Enterprise Size (Large Enterprise, Small- & Medium-Sized Enterprise)

-By Security Type (Identify & Access Management, Security information & event management (SIEM), Remote Vulnerability Assessment, Data Loss Prevention, Others (Operations Management, Risk & Compliance Management))

-By Deployment Type (Public Cloud, Private Cloud, Hybrid & Multi-Cloud)

-By End Users (BFSI, Healthcare, IT and Telecom, Government, Retail, Oil & Gas, Others (Public Utilities, Education Institutes, etc.))

-By Region (Abu Dhabi, Dubai, Sharjah & Rest of Emirates)

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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