The Middle East and Africa Cybersecurity Market Global Top Leading Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges Forecast 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for The Middle East and Africa Cybersecurity Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for The Middle East and Africa Cybersecurity Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Middle East & Africa Cybersecurity Market Analysis – 2019-2027

Cybersecurity comprises of a set of tools, technologies and various risk management approaches along with training for the protection of the data from unauthorized access. It is a term used to refer to a set of techniques or practices which ensure the protection of integrity, confidentiality and availability (ICA) of information at an organization. The market for Cybersecurity in the Middle East & Africa is anticipated to witness a significant CAGR of 14.96% over the forecast period, i.e., 2019-2027. The market is estimated to attain a substantial market value of USD 48.93 billion during this period.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

“The CAGR value Could change due to COVID-19 Pandemic”

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On the basis of component, the market is segmented into solutions and services, out of which, the segment for solutions is predicted to hold a higher share in the market on account of increasing cyber attacks such as malware, ransomware, DDoS attack, APTs, Domain Name System(DNS) injections and trojan, backdoor attack and target infected devices. On the basis of connectivity, the market is segmented into IoT devices, PCs, mobile/network, connected TV, wearables and connected car, out of which, the segment for PCs held a share of 55.7% in 2018 and is further anticipated to continue to hold the leading share in the market in coming years. 

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

On the basis of region, the market is segmented into Middle East and Africa, out of which the cybersecurity market in Middle East is predicted to contain the larger share than the market in Africa. This can be attributed to the rising technical advancements in the region. Further, based on countries, the markets in Israel and Saudi Arabia are predicted to hold leading shares in the market in the Middle East. 

Leading Companies Mentioned in This Report:

Some of the key industry leaders in the Middle East & Africa cybersecurity market are IBM Corporation, Microsoft Corporation, Intel Corporation, Thomas Bravo, NortanLifeLock, Palo Alto Networks and Avast. 

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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