The cyber security market is characterized by advanced threat detection, encryption, and robust firewall technologies. Its dominating segment is network security. Network security encompasses firewalls, intrusion detection/prevention systems, and VPNs, safeguarding data in transit. It's crucial as businesses increasingly rely on networks for operations. Cybersecurity solutions also include endpoint security, cloud security, and identity and access management. With the growing cyber threats, this market continuously evolves, providing comprehensive protection for organizations, individuals, and critical digital assets.
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Data Bridge Market Research analyses that the Egypt Cyber Security Market will grow at a CAGR of 7.1% during the forecast period of 2022 to 2029. The expansion of the Internet of Things (IoT) increases the number of connected devices, providing more entry points for cyberattacks. This underscores the critical importance of robust cybersecurity measures to protect against potential vulnerabilities and breaches.
Key Findings of the Study
Remote workforce is expected to drive the market's growth rate
The transition to remote work, accelerated by global events, has exposed organizations to heightened cybersecurity risks. With employees accessing company networks and data from various locations, the attack surface has expanded significantly. This necessitates the implementation of secure remote access solutions and robust endpoint protection measures. Ensuring that remote workers can connect safely and securely while safeguarding sensitive data has become a top priority to mitigate the vulnerabilities associated with remote work arrangements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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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)
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Countries Covered
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Egypt
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Market Players Covered
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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)
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Data Points Covered in the Report
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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.
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Segment Analysis:
The Egypt cyber security market is segmented based on the offering, application, security type, deployment model, enterprise size, and end user.
- On the basis of offering, the Egypt cyber security market is segmented into services and solutions/software.
- On the basis of application, the Egypt 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 Egypt cyber security market is segmented into infrastructure security, network security, application security, cloud security, endpoint security, and others.
- On the basis of deployment model, Egypt's cyber security market is segmented into cloud and on-premise.
- On the basis of enterprise size, the Egypt cyber security market is segmented into large sized enterprises and small and medium-sized enterprises.
- On the basis of end user, the Egypt cyber security market is segmented into industrial, commercial, government, and residential.
Major Players
Data Bridge Market Research recognizes the following companies as the Egypt cyber security market players in Egypt 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.).
Market Developments
- In August 2022, Fortinet, Inc. collaborated with Comcast Business to introduce a range of secure access service edge (SASE) and security service edge (SSE) solutions. These offerings aim to assist enterprises in safeguarding their geographically dispersed workforces. By combining Fortinet's expertise in cybersecurity with Comcast Business's network capabilities, these solutions provide comprehensive security measures, ensuring that remote and distributed employees can work securely and protect sensitive data from potential threats and cyberattacks.
- In May 2022, Cisco Systems, Inc. introduced an innovative cybersecurity assessment tool designed to empower small and medium-sized businesses (SMBs). This tool serves to enhance SMBs' awareness of their overall security status. By providing valuable insights and assessments, it enables them to identify vulnerabilities, assess risks, and make informed decisions to bolster their cybersecurity defenses. Cisco's initiative helps SMBs fortify their digital resilience and protect against evolving cyber threats in an increasingly interconnected landscape.
For more detailed information about the Egypt cyber security market report, click here – https://www.databridgemarketresearch.com/reports/egypt-cyber-security-market
