Saudi Arabia Cyber Security Market Competition, Forecast & Opportunities 2026
Posted by arshiyashaikh on February 8th, 2021
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Cyber Security Market By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Content Security, Others), By Solutions Type (Identity & Access Management, Risk & Compliance Management, Encryption & Decryption, Data Loss Prevention, Unified Threat Management, Firewall, Antivirus & Malware, Intrusion Detection/Prevention System, Infrastructure Security, Others), By Deployment Type (Cloud, On-premises), By End Use Industry (BFSI, IT & Telecom, Defense, Energy & Power, Retail, Healthcare and Others), By Company, By Region, Forecast & Opportunities, 2026” under Security & Services category. The Saudi Arabia Cyber Security Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
The Saudi Arabian Cyber Security Market is expected to grow at an impressive rate during the forecast period. The Saudi Arabian Cyber Security Market is driven by the growing number of cyber-attacks and threats. This has led to an increase in the demand for different security solutions across various end-user industries. This in turn is expected to positively influence the market growth through 2026. Additionally, growing adoption of cloud computing, IoT and BYOD across enterprises is further expected to propel the market growth over the next few years. However, use of pirated and opensource cyber security solutions can hamper the market growth during the forecast period. Besides, lack of skilled personnel to manage the cyber security within an organization can further restrict the market growth.
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The Saudi Arabian Cyber Security Market is segmented based on security type, solution type, deployment mode, end-user industry, company, and region. Based on security type, the market can be categorized into network security, endpoint security, application security, cloud security, content security and others. The cloud security segment is expected to dominate the market during the forecast period on account of the widespread adoption of cloud technology across the various end-user industries such as BFSI, healthcare, manufacturing, among others. Additionally, increasing investments by the government and major vendors operating in the market further drives the segmental growth. Based on the end-user industry, the market can be fragmented into BFSI, IT & telecom, defense, energy & power, retail, healthcare and others. The BFSI segment is expected to dominate the market owing to the growing need for providing sealed security and digital privacy in the financial institutions.
The major players operating in the Saudi Arabian Cyber Security Market are Cisco Systems Inc., Dell Technologies, IBM Corporation, Check Point Software Technologies Ltd., Hewlett Packard Enterprise Development LP, Intel Security (McAfee), Trend Micro, Inc., Palo Alto Networks Inc., Broadcom Inc. (Symantec Corporation), NEC Corporation and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Objective of the Study:
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of service providers across the globe. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the service providers which could not be identified due to the limitations of secondary research. Our Research analyzed the service providers, distribution channels and presence of all major players across the globe.
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About the Authorarshiyashaikh
Joined: February 5th, 2019
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