Overview of the Middle East Managed & Professional Security Services Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Middle East Managed & Professional Security Services Market By Service (Professional Services (Design & Development, Integration, IT Assessment, Consulting, Training & Education, Maintenance & Upgrades), Managed Services, (Hosting services,Cyber Security Services, Managed Cloud services, Managed Detection & Response (MDR), Managed Threat Intelligence), Others (24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc.)), By Deployment (Cloud, On-Premise, Hybrid), By Enterprise Size (Large, Mid-sized, Small), By End-User (Oil & Gas, BFSI, Healthcare, Utilities, IT & ITES, Telecom, Industrial, Others), The Middle East Managed & Professional Security Services Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Middle East Managed & Professional Security Services Market Growth and Scope:
Base Year: 2020
Forecast Period: 2021-26
Historical Data: 2016-19
CAGR (2021-2026): 15%
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Key Driver: Continued Trend of Remote Working and Bring Your Own Devices (BYOD)
With the rapid digitalization & integration of advanced technologies into different business operations, companies have adopted BYOD & Work-from-Home (WFH) policies. Employees working from home use private computers and networks like mobile hotspots or broadband that are more susceptible to cyberattacks & other threats since they are unknown to organizations. Hence, the increasing usage of personal devices connected to unprotected networks is fueling risks of malware attacks & data breaches. As a result, the demand for managed & professional security services is significantly rising among organizations that follow BYOD & WFH policies.
A Comprehensive Analysis of Leading Companies of Middle East Managed & Professional Security Services Market by MarkNtel Advisors:
- IBM
- Cisco
- BIOS Middle East Group
- Huawei
- Gulf Business Machines (GBM)
- Ras Infotech
- AGC Networks
- Data TAAG Technologies Middle East LLC
- VRS Technologies LLC
- Mindfire Technologies LLC
- Chipco Solutions LLC
- Others
Key Middle East Managed & Professional Security Services Market Segmentation:
-By End-Users
- Oil & Gas
- BFSI
- Healthcare
- Utilities
- IT & ITES
- Telecom
- Industrial Electronics
Of all End-Users, the BFSI (Banking, Financial Services, & Insurance) sector holds the largest share in the Middle East Managed & Professional Security Services Market.
-By Enterprise Size
- Large
- Mid-sized
- Small
The high spending capacity of large enterprises for security solutions is the prime aspect that shall lead them to acquire the largest market share during 2021-26.
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-By Services
- Professional Services
- Managed Services
-By Deployment
- Cloud
- On Premise
- Hybrid
Geographical Analysis
-By Country
- UAE
- Saudi Arabia
- Qatar
- Turkey
- Israel
- Kuwait
- Bahrain
- Oman
- Egypt
Of all countries in the Middle East, UAE acquires the largest share in the Managed & Professional Security Services Market.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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