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Cyber Security Market In The MEA to grow at a CAGR of 14.63% by 2019

Press Release   •   Jan 04, 2017 05:38 EST

About cyber security

Cyber threats are internet-based attempts that disrupt or damage IT systems and hack critical information using spyware, malware, and phishing. Cyber security solutions help organizations detect, monitor, report, and counter cyber threats and maintain the confidentiality of IT systems. Increased internet penetration has led an exponential rise in sophisticated attacks on IT business infrastructure. Organizations are increasingly adopting cyber security solutions to protect critical data or any digital asset stored in a computer or any digital memory device. Cyber threats are becoming the major concern with the increase in usage of mobile devices and applications.

MEA is undergoing significant economic and technological transformations, which has resulted in growth of business opportunities and improved IT infrastructure. However, the technological improvements and innovations are creating vulnerabilities and leading to increased cyber threats. The growing sophistication and penetration of cyberattacks has prompted organizations in the BFSI, government, telecom, and oil and gas sectors to adopt cyber security solutions to ensure security of critical information stored in computer systems or digital memory devices.

TechNavio's analysts forecast the cyber security market in MEA region to grow at a CAGR of 14.63% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and growth prospects of the cyber security market in MEA for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of cyber security solutions in MEA. The report also includes market insights, market description, end-user segmentation, and market landscape of the market.

In addition, it provides a detailed analysis of the cyber security market in the seven major countries in MEA:

Saudi Arabia







TechNavio's report, Cyber Security Market in MEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key vendors

BAE Systems

Booz Allen Hamilton

Cisco Systems


Juniper Networks




Other prominent vendors

Brocade Communications Systems

CA Technologies

Check Point Software Technologies

Citrix Systems





Northrop Grumman

Palo Alto Networks

Skybox Security

Market driver

Increased use of mobile devices

For a full, detailed list, view our report

Market challenge

High cost of deployment

For a full, detailed list, view our report

Market trend

Demand for cloud-based security solutions

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?