UAE Managed Security Services by Market Security Type (Managed Intrusion Detection System (IDS)/Managed Intrusion Prevention System (IPS), Security Information & Event Management, Managed Firewall, Unified Threat Management, Others), By Deployment Type (On-Premise, Cloud), By Organization Size (SME’s, Large Enterprise), By End User (Government, BFSI, IT & Telecom, Manufacturing & Natural Resources
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE Managed Security Services by Market Security Type (Managed Intrusion Detection System (IDS)/Managed Intrusion Prevention System (IPS), Security Information & Event Management, Managed Firewall, Unified Threat Management, Others), By Deployment Type (On-Premise, Cloud), By Organization Size (SME’s, Large Enterprise), By End User (Government, BFSI, IT & Telecom, Manufacturing & Natural Resources
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 484.75 Million |
| CAGR (2023-2028) | 13.64% |
| Fastest Growing Segment | SME’s |
| Largest Market | Dubai |
Market Overview
Key Market Drivers
Escalating Cyber Threat Landscape
Regulatory Compliance Imperatives
Rapid Digital Transformation and Remote Work Trends
Holistic Approach to Cybersecurity
Key Market Challenges
Rapid Technological Advancements and Cyber Threat Evolution
Technological Advancements
Cyber Threat Landscape
Regulatory Compliance and Data Privacy Concerns
Data Privacy Regulations
Cross-Border Data Flow
Legal and Compliance Expertise
Data Protection Technologies
Audit and Reporting Capabilities
Education and Training
Key Market Trends
Rapid Digitization and Cloud Adoption
Advanced Threat Landscape and AI-Powered Security
Compliance and Regulatory Mandates
Segmental Insights
Deployment Type Insights
Based on the deployment type, the cloud segment for the managed security system is attributing the significant growth in the UAE market and is projected to collect considerable amount of revenue in the forecast period. This trend is poised to continue its ascendancy, projecting an impressive revenue collection in the forecast period. The rapid adoption of cloud-based MSS solutions by businesses across various industries in the UAE can be attributed to several key factors. First and foremost is the unparalleled scalability and flexibility that cloud deployments offer, allowing organizations to tailor their security infrastructure to their specific needs. Additionally, the cloud's ability to provide real-time threat intelligence and automatic updates is proving invaluable in the face of constantly evolving cyber threats. Furthermore, the convenience and cost-efficiency of cloud-based MSS solutions have garnered favor among UAE enterprises, as they eliminate the need for extensive on-premises infrastructure and reduce operational overheads. As a result, the cloud segment in the UAE's MSS market is not only driving substantial growth but also positioning itself as a vital component in safeguarding businesses against the ever-present cybersecurity challenges of the digital age.
Organization Size Insights
Based on Organization Size, the managed security services in UAE market are divided into SME’s, large enterprise. The large enterprises segment is expected to contribute the largest market share. Notably, the large enterprise segment is projected to play a paramount role by contributing the largest market share. Several factors underpin this dominance. Large enterprises typically possess extensive resources and budgets dedicated to cybersecurity, allowing them to invest in comprehensive MSS solutions. Their expansive operations, often spanning multiple sectors and geographies, require robust security infrastructures capable of handling complex threats. Moreover, large enterprises are frequently targets of sophisticated cyberattacks due to their high-profile nature, further driving the demand for advanced and scalable security services. Furthermore, compliance with stringent regulatory frameworks is crucial for many large corporations, and MSS providers catering to these entities must deliver tailored solutions that adhere to these requirements. Consequently, the large enterprise segment in the UAE's MSS market is poised not only to contribute the largest market share but also to set the tone for innovative and comprehensive security strategies in the region.
Regional Insights
Dubai, a thriving metropolis at the heart of the United Arab Emirates (UAE), has emerged as the fastest-growing region within the UAE's Managed Security Services (MSS) market. This remarkable growth can be attributed to several converging factors. Firstly, Dubai's bustling business landscape is characterized by enterprises spanning diverse industries, all keen on enhancing their competitive edge. To achieve this, they are rapidly integrating transformative technologies like cloud computing, the Internet of Things (IoT), and digitalization into their operations. This strategic shift is driven by the desire to increase their presence, both domestically and globally, by leveraging the agility, scalability, and efficiency that these technologies offer. However, with this digital transformation comes an augmented need for robust cybersecurity measures, creating a soaring demand for MSS in Dubai. Enterprises in the region are recognizing the imperative of safeguarding their digital assets, sensitive data, and critical infrastructure, leading them to engage with MSS providers to fortify their cyber defenses. Consequently, Dubai stands as a beacon of growth in the UAE's MSS market, where the convergence of technological innovation and the imperative of cybersecurity is fostering a dynamic and rapidly expanding ecosystem.
Recent Developments
- In June 2023, BeyonCyber, a prominent player in the cybersecurity industry, made a strategic moveby signing a significant deal with Injazat, a leading information technologyand managed services provider in the UAE. This partnership marks a pivotalmoment for both companies and the broader cybersecurity landscape in theregion. The primary objective of this collaboration is to enhance regionalcoverage and bolster the cybersecurity offerings available to businesses acrossthe United Arab Emirates and the wider Middle East region. Beyon Cyber, knownfor its cutting-edge cybersecurity solutions and expertise, will bring itsadvanced threat detection and prevention technologies to the table. Thesetechnologies are crucial in defending against the ever-evolving cyber threatsthat organizations face in today's digital age.
Key Market Players
- Injazat DataSystems LLC.
- Help AG
- DTS SolutionsLLC.
- BT Group Plc
- Spire SolutionsFZ LLC.
- Fortinet, Inc.
- Secureworks,Inc.
- IBM Corporation(UAE)
- Cisco SystemsMiddle East FZ-LLC.
- Atos ITSolutions and Services Middle East FZ-LLC
| By Service Type | By Deployment Type | By Organization Size | By End User | By Region |
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