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Market Research Report

GCC Cyber Security Market Outlook: Market segmentation Based on Solution Type, Based on Services, Based On Deployment Type, Based on End Users & by Region With COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-09-01

Report Pages :

768

Format :

PDF

Region Covered :

GCC

GCC Cyber Security Market Overview

The continuing success of digitization across the Middle East and rapidly among the GCC (Gulf Cooperation Council), brings with it complementary and growing exposure to the risk of cyber attacks. These rising cyber threats by other countries and by highly expertise criminal rings from around the world have the potential to disrupt the progress of digitization and threaten the reimbursement delivered through it. Around 57% of Middle Eastern companies lost approximately USD 500,000 compared to 33% globally due to cyber attacks. For instance, Oman banks suffered loss of USD 45 million as result of ATM cyber-heist in the region and in 2012 Qatari natural gas company (RasGas) got smack with similar shamoon virus that shut down its website and e-mail servers. The GCC cyber security spending with the exception of the banking and energy sector does not meet the global standard. Only about 37% of the major firms have comprehensive security and training services as compared to 53% globally. In present scenario, the views in the region towards cyber security are beginning to turn, with the recruitment of professionals on the rise and many big cyber security firms are setting up in the region to protect the businesses and general public from cyber threats. For instance, Rytheon the U.S. based Technology and Innovation Company, is at forefront in developing global cyber security and defense solutions, is the one of the major firm providing cyber security to GCC institution and businesses.

GCC Cyber Security Market

GCC Cyber Security Market Segmentation

GCC cyber security market is categorized on the following basis:

  • Based on Solution Type
  • Risk and Compliance Management
  • Unified Threat Management (UTM)
  • Security Incident Management
  • Identity and Access Management (IAM)
  • Encryption
  • Intrusion Prevention Systems
  • Other (Disaster Recovery etc.)
  • Based on Services
  • Managed Services
  • Professional Services
  • Based On Deployment Type
  • Cloud
  • On-Premises
  • Based on End Users
  • Government Sector
  • BFSI (Banking, Financial Services and Insurance)
  • Manufacturing
  • ICT (Information and Communication Technology)
  • Aerospace and Defense
  • Retail
  • Healthcare
  • Other (Education etc.)
  • Based on Geography
    • Saudi Arabia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
    •  United Arab Emirates {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
    • Qatar {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
    • Oman {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
    • Bahrain {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
    •  Kuwait {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

Market Size and Forecast (2017-2030)

GCC cyber security market is projected to register a CAGR of 5.9% during the forecast period i.e. 2017-2030 as GCC businesses are preparing themselves for more advanced cyber threat levels especially in the era of technology development and implementation.

Most of the cyber security professionals in GCC are mainly located in Saudi Arabia and UAE in the two largest countries for government organizations, financial services and private/industrial businesses. On the other hand, Qatar, Kuwait and Oman accounts for much smaller number of cyber security professions, generally a fraction of total number of ICT workers in respective countries. Geographically, UAE accounted for the largest market for advanced cyber security solutions with more than 35% market share in GCC cyber security market owing to expanding BFSI sector over the past few years. Saudi Arabia closely follows UAE accounting for 30% market share in the GCC cyber security market and growing at a healthy rate on the back of mounting Oil & Gas Sector.

Market Drivers and Challenges

Middle East countries particularly GCC countries are pursuing digitization and the mass adoption of connected technologies by the governments, enterprises and consumers at rapid pace has significantly raised the concerns for cyber security threats. The region's digital market is expanding at a CAGR of 12% and is expected to be worth more than USD 85.0 billion in 2024. Rapidly rising digitization along with spurring incidences of cyber crimes has significantly shifted the regional governments focus towards this national security threat and resulted in various initiatives by the government to curb this threat. For instance, in 2016 Qatar's Ministry of Interior establishes a new state-of-the-art security monitoring and counter cyber crime headquarters to inspect the escalating number of cyber offenses in the country.

Not only BFSI, Cooperate firms and government institutes are threatened by the cyber attacks but also the general public suffers from these attacks which intense the current situation as the privacy of general public is on verge. In 2016, publically engineered phishing mails along with other e-mail cyber attacks were major concern. These threats are expected to grow as the reliability on internet and usage of smartphones are increasing in today's world. Moreover, phishing attacks are the most common security challenge faced by the organizations that enable access to bank details, passwords and other sensitive information including phone calls, emails and social media accounts. Rising adoption of smartphones and growing penetration of internet among general public and in industries such as retail, healthcare and energy is likely to supplement the growth of GCC cyber security market.

Covered in this GCC Cyber Security Market Report

Market Synopsis

Market Segmentation

The GCC Cyber Security Market is segmented as follows:

  • By Solution Type (Market Size, Demand Analysis and Growth Analysis)
  • By Services Type (Market Size, Demand Analysis and Growth Analysis)
  • By Deployment Type (Market Size, Demand Analysis and Growth Analysis)
  • By End Users (Market Size, Demand Analysis and Growth Analysis)

By Regions

  • Saudi Arabia {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis}
  • United Arab Emirates {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }
  • Qatar {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }
  • Oman {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }
  • Bahrain {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis}
  • Kuwait {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

COVID-19 impact on "GCC Cyber Security Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "GCC Cyber Security Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

  • IBM Security
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
  • Raytheon Company
  • Mimecast
  • Cisco
  • CyberArk Software
  • Lockheed Martin
  • BAE Systems
  • Rapid7
  • Palo Alto Networks
  • Symantec
  • Root9B
  • Herjavec Group
  • FireEye
  • Sophos
  • Sera-Brynn
  • Kaspersky Lab

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks




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GCC Cyber Security Market – Table of Content

 

1. Research Methodology
1.1. Secondary Research
1.2. Primary Research
1.3. Data Analyzing & Market Size Estimation 
1.4. Research Design
1.5. Bottom-Up & Top-Down Approach
 
2. Market Environment
2.1. GCCEconomic Overview
2.2. Macroeconomic Outlook
2.3. GCC Advanced Technology Outlook
2.4. GCC Cyber Threats Scenario
2.5. GCC Cloud Computing Analysis
2.6. GCC Connectivity Scenario Analysis
2.7. Cyber Security Service Providers Analysis
2.8. Cyber Security Solutions Analysis
2.9. Digital Forensics Analysis
2.10. Regulatory Considerations
 
3. Industry Structure
3.1. Target Consumer Group Analysis
3.2. Consumer Trend Analysis
3.3. Target Markets (By Countries)
3.4. Demand & Supply Analysis
3.5. Developed & Emerging Markets
3.6. Existing & New Players In Big Data Market
3.7. Investments Analysis
3.8. Competitive Strategies
3.9. Acquisitions & Divestitures
 
4. Executive Summary
4.1. Market Size (USD Million)
4.2. Forecast Analysis (2017-2025)
4.3. Market Share & CAGR (%)
4.4. Regional Share Distribution (%)
 
5. Market Dynamics
5.1. Growth Drivers
5.2. Market Restraints
5.3. Risk Analysis (Demand Risk & Supply Risk Analysis)
5.4. Recent Trends & Developments
5.5. Opportunities for Market Players
 
6. GCC Cyber Security Market Segmentation
 
6.1. GCC Cyber Security Market By Solution Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.1. Risk and Compliance Management (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.2. Unified Threat Management (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.3. Security Incident Management (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.4. Identity and Access Management (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.5. Encryption (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.6. Intrusion Prevention Systems (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.7. Other (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.1.8. Market Attractiveness of GCC Cyber Security Market by Solution Type 
6.1.9. BPS Analysis of GCC Cyber Security Market by Solution Type
 
6.2. GCC Cyber Security Market By Services (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.1. Managed Services (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.2. Professional Services (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2.3. Market Attractiveness of GCC Cyber Security Market by Services
6.2.4. BPS Analysis GCC Cyber Security Market by Services
 
6.3. GCC Cyber Security Market By Deployment Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.1. Cloud  (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.2. On-Premises (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3.3. Market Attractiveness of GCC Cyber Security Market by Deployment Type 
6.3.4. BPS Analysis GCC Cyber Security Market by Deployment Type 
 
6.4. GCC Cyber Security Market By End Users (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.1. Government Sector (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.2. BFSI (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.3. Manufacturing (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.4. ICT (Information and Communication Technology) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.5. Aerospace and Defense (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.6. Retail (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.7. Healthcare (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.8. Other (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4.9. Market Attractiveness of GCC Cyber Security Market by End Users
6.4.10.  BPS Analysis GCC Cyber Security Market by End Users
 
6.5. GCC Cyber Security Market By Country (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
6.5.1. Saudi Arabia Cyber Security Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.2. UAE Cyber Security Market Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.3. Qatar Cyber Security Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.4. Kuwait Cyber Security Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.5. Oman Cyber Security Market ((Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.6. Bahrain Cyber Security Market ((Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5.7. Market Attractiveness of GCC Cyber Security Market by Country
6.5.8. BPS Analysis GCC Cyber Security Market by Country
 
7. Competitive Outlook
7.1. Market Share of Major Players (2016)
7.2. Company Profiles
7.2.1. IBM Security
7.2.1.1. Company Synopsis
7.2.1.2. Business Strategy
7.2.1.3. Product Portfolio
7.2.1.4. SWOT Analysis
7.2.2. Raytheon Company
7.2.3. Mimecast
7.2.4. Cisco
7.2.5. CyberArk Software
7.2.6. Lockheed Martin
7.2.7. BAE Systems
7.2.8. Rapid7
7.2.9. Palo Alto Networks
7.2.10. Symantec
7.2.11. Root9B
7.2.12. Herjavec Group
7.2.13. FireEye
7.2.14. Sophos
7.2.15. Sera-Brynn
7.2.16. Kaspersky Lab
 
8. Porter’s Five Force Model
9. Market Landscape: Competition and Beyond
10. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
11. Expert Analysis
12. Concluding Remarks
 
 
}

GCC Cyber Security Market Outlook: Market segmentation Based on Solution Type, Based on Services, Based On Deployment Type, Based on End Users & by Region With COVID-19 impact | Forecast Period 2017-2030

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