Press Release

Oct, 04 2023

Safeguarding the Digital Frontier: Cybersecurity Solutions Thrive Amid Escalating Threats and Growing Investments

The cybersecurity market is characterized by rapid evolution and diverse features. Notably, it encompasses robust solutions such as firewalls, antivirus software, and threat detection systems to protect against cyber threats. The dominating segment of the cyber security market is network security, which shields digital communication and infrastructure from unauthorized access and breaches. This segment's prominence reflects the growing concern over data breaches and the need to secure interconnected networks. Additionally, the market is marked by increasing investments in advanced technologies such as AI and machine learning for enhanced threat detection and response capabilities.

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Data Bridge Market Research analyses that the GCC Cyber Security Market will grow at a CAGR of 7.6% from 2022 to 2029. The increasing frequency and complexity of cyberattacks pose a significant threat to organizations, necessitating more advanced and resilient security solutions. This rising menace compels businesses to invest in robust cybersecurity measures to protect their digital assets and sensitive information.

Key Findings of the Study

سوق الأمن السيبراني في دول مجلس التعاون الخليجي

Regulatory compliance is expected to drive the market's growth rate

Stringent data protection regulations, such as GDPR and CCPA, impose strict requirements on how organizations handle and safeguard personal data. Non-compliance can result in substantial fines and legal repercussions. To avoid penalties and maintain trust with customers, organizations must invest in cybersecurity measures that ensure data privacy and security. This includes encryption, access controls, data breach detection, and reporting mechanisms, driving the need for comprehensive cybersecurity strategies to align with regulatory mandates.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014-2019)

Segments Covered

Offering (Services and Solutions/Software), Application (Identity and Access Management, Data Security and Privacy Service Offering, Governance Risk and Compliance, Unified Vulnerability Management Service Offering, and Others), Security Type (Infrastructure Security, Network Security, Application Security, Cloud Security, Endpoint Security, and Others), Deployment Model (Cloud and On-Premise), Enterprise Size (Large Sized Enterprises, and Small and Medium-Sized Enterprises), End User (Industrial, Commercial, Government, and Residential)

Countries Covered

 Saudi Arabia, U.A.E., Qatar, Kuwait, Oman and Bahrain

Market Players Covered

BAE Systems (U.K.), Microsoft (U.S.), McAfee, LLC (U.S.), Thales (France), Rapid7 (U.S.), Trend Micro Incorporated (Japan), Accenture (Ireland), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Oracle (U.S.), Splunk Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Palo Alto Networks (U.S.), Fortinet, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Micro Focus (U.K.), Johnson Controls (Ireland)

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

The GCC cyber security market is segmented into offering, application, security type, deployment model, enterprise size, and end user.

  • On the basis of offering, the GCC cyber security market is segmented into services and solutions/software.
  • On the basis of application, the GCC cyber security market is segmented into identity and access management, data security and privacy service offering, governance risk and compliance, unified vulnerability management service offering, and others.
  • On the basis of security type, the GCC cyber security market is segmented into infrastructure security, network security, application security, cloud security, endpoint security, and others.
  • On the basis of deployment model, the GCC cyber security market is segmented into cloud and on-premise.
  • On the basis of enterprise size, the GCC cyber security market is segmented into large sized enterprises and small and medium-sized enterprises.
  • On the basis of end user, the GCC cyber security market is segmented into industrial, commercial, government, and residential.

Major Players

Data Bridge Market Research recognizes the following companies as the GCC cyber security market  players in GCC cyber security market are BAE Systems (U.K.), Microsoft (U.S.), McAfee, LLC (U.S.), Thales (France), Rapid7 (U.S.), Trend Micro Incorporated (Japan), Accenture (Ireland), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Oracle (U.S.), Splunk Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Palo Alto Networks (U.S.), Fortinet, Inc. (U.S.).

سوق الأمن السيبراني في دول مجلس التعاون الخليجي

Market Developments

  • In August 2022, Fortinet, Inc. unveiled a strategic collaboration with Comcast Business to offer enterprises advanced Secure Access Service Edge (SASE) and Security Service Edge (S.S.E.) solutions. This partnership aims to enhance cybersecurity for distributed workforces, addressing the evolving challenges of remote work. By combining Fortinet's expertise in security solutions with Comcast Business's extensive network infrastructure, enterprises can access robust and integrated security services to safeguard their remote operations and data.
  • في مايو 2022، أطلقت شركة سيسكو سيستمز أداةً متطورةً لتقييم الأمن السيبراني، مُصممةً لتمكين الشركات الصغيرة والمتوسطة. تهدف هذه الأداة بشكل أساسي إلى تزويد هذه الشركات بمعلومات شاملة حول جاهزيتها العامة للأمن السيبراني. ومن خلال تقديم تقييمات وتوصيات قيّمة، تُمكّن سيسكو هذه الشركات من تعزيز وضعها الأمني، وحماية أصولها الرقمية بشكل أفضل، ومعالجة نقاط الضعف المحتملة بشكل استباقي، مما يُعزز في نهاية المطاف قدرتها على الصمود في وجه التهديدات السيبرانية.

التحليل الإقليمي

من الناحية الجغرافية، فإن الدول التي يغطيها تقرير سوق الأمن السيبراني في دول مجلس التعاون الخليجي هي المملكة العربية السعودية والإمارات العربية المتحدة وقطر والكويت وعمان والبحرين.

وفقًا لتحليل Data Bridge Market Research:

المملكة العربية السعودية هي المنطقة المهيمنة في سوق الأمن السيبراني في دول مجلس التعاون الخليجي خلال الفترة المتوقعة 2022 - 2029

تتصدر المملكة العربية السعودية دول مجلس التعاون الخليجي في مجال الأمن السيبراني، وذلك بفضل الارتفاع الكبير في الهجمات الإلكترونية خلال جائحة كوفيد-19. وقد أدى ذلك إلى زيادة الطلب على شركات الأمن السيبراني لحماية البنية التحتية والبيانات الحيوية. علاوة على ذلك، ساهمت مبادرات الحكومة لتشجيع الاستثمار الأجنبي المباشر في تحفيز نمو السوق، حيث تهدف إلى تعزيز مكانة المملكة في مجال الأمن السيبراني واستقطاب الخبرات العالمية لمواجهة التهديدات السيبرانية المتصاعدة.

لمزيد من المعلومات التفصيلية حول تقرير سوق الأمن السيبراني في دول مجلس التعاون الخليجي، انقر هنا -  https://www.databridgemarketresearch.com/reports/gcc-cyber-security-market


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