Middle East and Africa Cybersecurity Market, Technological Improvements, Applica
Posted by facto on October 15th, 2019
Geographically, the Middle East and Africa generated 5.8% of the revenue in 2016. Also, this region witnessed a number of partnership agreements between key players during the period of 2014 to 2017, hence driving the cybersecurity market.
By countries, the Middle East and Africa (MEA) cybersecurity market is classified into UAE, Saudi Arabia, and other cybersecurity markets. Saudi Arabia is expected to hold the largest market share. UAE is one the fastest growing economies in the MEA region. The United Arab Emirates is the first nation in the Middle East region to implement modern national identity management infrastructure with biometric, smart cards and PKI, hence creating digital identities for the citizens of the country.
By industries, the Middle East and Africa cybersecurity market is categorized into financial services, telecommunication, healthcare, public sector, and others. The healthcare sector is expected to grow fast Governments are making massive investments to improve healthcare infrastructure. Hospitals moving towards the digitized model in their business infrastructure are expected to increase the demand for cybersecurity solutions to protect patient data and information regarding medicine. The government sector is expected to hold most significant market share because the industry faces massive cyberattacks.
Key growth factors:
o The Middle East is moving towards the adoption of digital technologies, increased internet penetration, use of IoT and cloud , and these are the factors contributing to the growth of the cybersecurity market
Threats and key players:
o The lack of technical expertise, especially in the Middle East region has restrained the market from growing
What's covered in the report?
o Overview of the Middle East and Africa cybersecurity market
o Get a broad understanding of the Middle East and Africa cybersecurity market and its segments- by region, by solution, and by end user industries
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About the Authorfacto
Joined: October 7th, 2019
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