Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Cyber Security Market (2020-2026)”under Security & Services Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Saudi Arabia Cyber Security Market (2020-2026): Market Forecast By Type(Consumer Software, Enterprise Cyber Security Products (Identity Access Management (IAM), Data Loss Prevention (DLP), Endpoint Protection, Firewall, Intrusion Prevention System (IPS), Secure Email Gateway (SEG), Secure Web Gateway (SWG), Security Information And Event Management (SIEM), Testing & Other Software (DDoS, Risk And Compliance, Etc.)), Enterprise Cyber Security Services (Managed Security Services, Government And Defence, BFSI, Retail, Hospitality And Healthcare, IT And Telecom, Energy Utilities, Manufacturing, Others (Water Treatment Plants, Chemical Industry Etc.), By Regions (Central, Western, Eastern, Southern) And Competitive Landscape
Saudi Arabia Cybersecurity Market is anticipated to witness strong growth over the coming years owing to the rapid increase in cyber-attacks and threats and growing adoption of cloud computing, IoT across various industries. Furthermore, growing awareness about cybersecurity products and government regulations mandating cybersecurity governance such as Cyber Security Framework by SAMA (Saudi Arabian Monetary Authority) would also supplement the growth of the market in the coming years. However, the ongoing global pandemic COVID-19 is expected to hamper the overall economic growth of Saudi Arabia, thus, restraining the growth of the cybersecurity market of Saudi Arabia as well.
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Saudi Arabia Cyber Security Market is projected to grow at a CAGR of 12.4% during 2020-26. Saudi Arabia’s natural resources and the geopolitical tensions of the Middle Eastern region have made Saudi Arabia one of the prime targets for hackers. These developments have necessitated private and public sector enterprises to boost their cyberinfrastructure in order to protect their data. This has also led to massive government investment in the IT sector to boost cybersecurity across various domains. Additionally. Saudi Arabia has identified cybersecurity as one of the key goals in its National Transformation Program 2020.
Efforts to diversify the economy under Vision 2030 are likely to play a key role in increasing digitalization and thereby supporting the growing demand for cybersecurity solutions. The government and defense sector is anticipated to dominate the cybersecurity market in the coming years. However, owing to diversification, healthcare and telecom domains are anticipated to grow at a fast pace as well.
The report thoroughly covers the market by types, deployment, verticals, and regions. The outlook report provides an unbiased and detailed analysis of the on-going market share along with Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
Saudi Arabia Cyber Security Market Size and Saudi Arabia Cyber Security Market Forecast, Until 2026
Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues, By Types, for the period 2016-2026
Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues, By Deployment, for the period 2016-2026
Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues, By Verticals, for the period 2016-2026
Historical Data and Forecast of Saudi Arabia Cyber Security Market Revenues, By Regions, for the period 2016-2026
Market Drivers and Restraints
Porter’s Five Force Analysis
Market Trends and Industry Life Cycle
Market Opportunity Assessment
Market Share and Player’s Revenue Shares
Key Strategic Recommendations
The report provides a detailed analysis of the following market segments:
– Consumer Software
– Enterprise Cyber Security Products
Identity Access Management (IAM)
Data Loss Prevention (DLP)
Intrusion Prevention System (IPS)
Secure Email Gateway (SEG)
Secure Web Gateway (SWG)
Security information and event management (SIEM)
Other Software (DDoS, Risk and Compliance etc.)
-Enterprise Cyber Security Services
Managed Security Services
Outsourcing, Implementation, and Hardware Support
– Government and Defence
– Hospitality and Healthcare
– IT and Telecom
– Energy Utilities
– Others (Water Treatment Plants, Chemical Industry etc.)
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