Middle East Cyber Security Market Worth $9.56 Billion by 2019 New Report by MarketsandMarkets - AZTV7/Cable 13, Me-TV 7.2, HSN 7.3, Phoenix-Prescott, AZ

Middle East Cyber Security Market Worth $9.56 Billion by 2019 New Report by MarketsandMarkets

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Middle East Cyber Security Market research report majorly focuses on technologies types of services, support and maintenance, market drivers, restraints, challenges, and opportunities. (http://www.marketsandmarkets.com/Market-Reports/middle-east-cyber-security-market-121119697.html)

(PRWEB) July 15, 2014

The report Middle East Cyber Security Market by Technologies (IAM, DLP, UTM, IDS/IPS, Firewall, Risk & Compliance Management, Antivirus, SVM/SIEM, Disaster Recovery, DDOS Mitigation, Encryption, Web Filtering) & by Services - Market Forecasts and Analysis (2014-2019) segments the Middle East market into various sub-segments with in-depth analysis and forecasting of market size. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges. MarketsandMarkets has segmented the Middle East Cyber Security market by sub markets, by technologies; by types of services: support and maintenance,; by types of verticals: BFSI, government and utilities, healthcare, retail, manufacturing, telecom and IT, and education; by countries in this region.

Browse 84 market data tables and 12 figures spread through 277 Pages and in-depth TOC on Middle East Cyber Security Market
http://www.marketsandmarkets.com/Market-Reports/middle-east-cyber-security-market-121119697.html

Early buyers will receive 10% customization on this report.

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The Middle East region is dominated by large industries such as oil and gas and BFSI. Rapid economic development by these large industries in this region has caused it to become a target for hackers and cyber attackers. Cyber attacks to these large industries such as oil and gas sector has caused massive loss of data and damage to the internal network of these organizations.

Cyber security involves the collective use of variety of technologies such as antivirus, intrusion prevention systems, data encryption, firewalls and DDoS mitigation to prevent advanced persistent cyber security threats. Such technologies also ensure business continuity in the event of an attack by effectively isolating systems to prevent the spread of a virus. The modern business organization relies heavily on the internet to reduce geographical barriers and improve business productivity and cyber security ensures security to an organizations internal framework from external attacks.

Cyber security is becoming an increasingly competitive market with a diverse mix of small and large vendors. The larger vendors in this region are focusing on growth through strategic mergers and acquisitions of smaller vendors. Other growth strategy for large vendors includes expanding their distributors network base.

Major enterprises in this region include energy, utilities, oil and gas which are the major revenue generating industries. These industries are highly dependent on Networks and industrial Control systems. Since from past few years these systems and networks are exposed to internet, making them more vulnerable to cyber attacks. These vulnerabilities are enforcing these industries to adopt latest technological solutions, thereby increasing the growth of cyber security in this region.

MarketsandMarkets expects that the Middle East Cyber Security market is estimated to be $5.17 billion in 2014 and is expected to grow to $9.56 billion in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 13.07%% from 2014 to 2019. In the current scenario, Saudi Arabia is expected to be the largest market on the basis of spending and adoption for cyber security solutions and services.

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Browse Related Report

Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster Recovery, DDoS Mitigation, Web Filtering, Security Services) - Global Advancements, Forecasts & Analysis (2014-2019)
http://www.marketsandmarkets.com/Market-Reports/cyber-security-market-505.html

Cloud Security Market (Cloud IAM/IDAAS, DLP, Web Security, Email Security, Cloud IDS/IPS, SIEM, Encryption Services, BCDR, Network Security, Cloud Database Security, Virtualization Security) - Global Advancements, Forecasts & Analysis (2014-2019)
http://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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