The demand for cyber security has been growing and will also grow in the future. Data Bridge Market Research analyses that the GCC cyber security market will grow at a CAGR of 7.6% from 2022 to 2029.
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GCC Cyber Security Market Scope and Market Size
The cyber security market is analysed, and market size insights and trends are provided by country, offering, application, security type, deployment model, enterprise size, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
· Services
· Solutions/software
On the basis of offering, GCC cyber security market is segmented into services and solutions/software.
Application
· Identity and access management
· Data security and privacy service offering
· Governance risk and compliance
· Unified vulnerability management service offering
· Others
On the basis of application, GCC 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.
Security Type
· Infrastructure security
· Network security
· Application security
· Cloud security
· Endpoint security
· Others
On the basis of security type, GCC cyber security market is segmented into infrastructure security, network security, application security, cloud security, endpoint security, and others.
Deployment Model
· Cloud
· On-premise
On the basis of deployment model, GCC cyber security market is segmented into cloud and on-premise.
Enterprise Size
· Large sized enterprises
· Small and medium-sized enterprises
On the basis of enterprise size, GCC cyber security market is segmented into large sized enterprises and small and medium-sized enterprises.
End User
· Industrial
· Commercial
· Government
· Residential
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Some of the key questions answered in this report:
· How has the GCC Cyber Security Market performed so far and how will it perform in the coming years?
· What has been the impact of COVID-19 on the GCC Cyber Security Market?
· What are the key regional markets?
· What is the breakup of the market based on the procedure?
· What is the breakup of the market based on the injury location?
· What is the breakup of the market based on the end user?
· What are the various stages in the value chain of the industry?
· What are the key driving factors and challenges in the industry?
· What is the structure of the GCC Cyber Security Market and who are the key players?
· What is the degree of competition in the industry?
Market Analysis and Insights: GCC Cyber Security Market
· Cyber security protects internet-connected systems such as hardware, software, and data from cyber threats and breaches. Increased cloud services cyber security solutions, and the advent of remote working culture are driving the market. However, the rise in cyber security threats and ransomware in cyber security solutions may restrain the growth.
· Cyber security protects internet-connected systems such as hardware, software, and data from cyber threats and breaches. Individuals and enterprises use the practice to protect against unauthorized access to data centres and other intelligent systems. A successful cybersecurity approach has multiple layers of protection spread across the computers, networks, programs, or data one intends to keep safe.
· Cloud technology is a vital online technology that is used all around the globe. Cloud technology enables users to access storage, files, software, and servers using internet-connected devices. It also means or signifies having the ability to store and access data and programs over the internet. Unlike traditional hardware and software methods, cloud technologies can help businesses to stay forefront of technology without spending heavily on traditional methods.
Covid-19 Impact on GCC Cyber Security Market
COVID-19 has positively affected the GCC cyber security market. Due to COVID-19, cybercrime and cybersecurity issues increased by 600% in 2020. Flaws in network security are a weakness that hackers exploit to perform unauthorized actions within a system. According to Purple Sec L.L.C., in 2018, mobile malware variants for mobile have increased by 54% 2018, out of which 98% of mobile malware target Android devices. 25% of businesses are estimated to have been victims of crypto-jacking. Various companies also include the security industry.
GCC Cyber Security Market Country Level Analysis
The companies covered in this report are Saudi Arabia, U.A.E., Qatar, Kuwait, Oman, and Bahrain.
GCC Cyber Security Market Share Analysis
The GCC cyber security market competitive landscape provides details about the competitor. Components included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to GCC cyber security market.
Key player GCC Cyber Security Market
Some of the primary key players in the GCC cyber security market are BAE Systems, Microsoft, McAfee, LLC, Thales, Rapid7, Trend Micro Incorporated, Accenture, Cisco Systems, Inc., IBM Corporation, Oracle, Splunk Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Fortinet, Inc., Juniper Networks, Inc., Micro Focus, and Johnson Controls among others.
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: GCC Cyber Security Market Share by Product & Procedure type
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