The cybersecurity market in the Middle East & Africa was valued at USD 19 Billion in 2020, and it is expected to reach USD 28 Billion by 2026 and register a CAGR of 7.92% during the forecast period of 2021-2026. The rapid digitalization in the countries, like the United Arab Emirates and Saudi Arabia, has triggered the number of connected devices by opening new gateways for cyberattacks.
The Middle East region is moving quickly to adopt transformative digital technologies, through the increasing penetration of the internet, adoption of IoT, and cloud, among others, to enable economic diversification. Thus, the region has witnessed a healthy adoption of cybersecurity solutions for these digital platforms to avoid the increasing complex number of threats. The scope of the market covers segmentation on the basis of Solution including Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management and Enterprise Risk and Compliance, Services including Managed Services and Professional Services.
Join Cyber Security Leaders, CISOs and Innovators from MENA region at the 17th Edition of Cyberx Global Series and 2nd Edition CYBERX MENA SUMMIT & AWARDS on 19th Sept 2024. Join us for this dialogue with reformative panel discussions, keynote presentations, fire-side chats, spotlight tracks to discuss the current initiatives including Generative AI and its impact on Cyber Security, Ai based Threat Intelligence, Cloud Security, Enterprise Risk and Compliance, Ransomware and Malware, Data Privacy, Zero Trust and future trends which are affecting the organizations & business effectiveness.