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  • GCC Cyber Security Market Expanding To Reach USD 11.4 Billion by 2024 Growing at a CAGR of 5.9% over the Forecast Period (2016-2024)

     

    Goldstein Research




    Goldstein Research


    (I-SoftwareNews.Com, October 11, 2018 ) According to Goldstein Research, GCC cyber security market is expected to reach USD 11.4 billion by 2024 from USD 7.2 billion in 2016, growing at CAGR of 5.9% during the forecast period 2016-2024. The expanding era of digitization and increasing adoption of connected technologies across various industries, government sectors and enterprises is threatening the security systems. Thus security concerns globally is driving the growth of cyber security market in the GCC region. The expanding BFSI sector in GCC region is accounting the largest market share in the adoption of cyber security system. Moreover, the expanding oil and gas industry is also witnessed to turn towards the application of cybersecurity system.

    GCC cyber security market is majorly driven by UAE with a market share of 35.0% in 2016 and closely followed by Saudi Arabia with a share of 30% of the total GCC cyber security industry. The other countries in the region such as Qatar, Kuwait and Oman have relatively very low growth prospects for cybersecurity due to less adoption of ICT.



    Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/gcc-cyber-security-market-outlook-2024-regional-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024



    Market Segmentation

    On the basis of our in-depth analysis, GCC Cyber Security Market can be segmented as follows:



    Based on Solution Type

    • Risk and Compliance Management

    • Unified Threat Management (UTM)

    • Security Incident Management

    • Identity and Access Management (IAM)

    • Encryption

    • Intrusion Prevention Systems

    • Other (Disaster Recovery etc.)



    Based on Services

    • Managed Services

    • Professional Services



    Based On Deployment Type

    • Cloud

    • On-Premises



    Based on End Users

    • Government Sector

    • BFSI (Banking, Financial Services and Insurance)

    • Manufacturing

    • ICT (Information and Communication Technology)

    • Aerospace and Defense

    • Retail

    • Healthcare

    • Other (Education etc.)



    By Region

    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}

    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}



    Browse Full Report: https://www.goldsteinresearch.com/report/gcc-cyber-security-market-outlook-2024-regional-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024



    “GCC Cyber Security Market Outlook 2024” contains a detailed overview of the GCCcyber security market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by solution type, services, deployment type and end users.

    The GCC Cyber Security Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Security, Raytheon Company, Mimecast, Cisco, CyberArk Software, Lockheed Martin, BAE Systems, Rapid7, Palo Alto Networks, Symantec, Root9B, Herjavec Group, FireEye, Sophos, Sera-Brynn, Kaspersky Lab, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. The industry research report represents the GCC cybersecurity industry outlook which shows the market-oriented data that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies.



    Key questions answered in this GCC Cyber Security Market Report

    • What is the GCC Cyber Security Market Size by 2024 and what would be the expected growth rate of the industry?

    • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?

    • What are the cyber security market trends?

    • What are the factors which are driving this industry?

    • What are the major barriers to cyber security industry growth?

    • Who are the key vendors in this industry space?

    • What are the industry opportunities for the existing and entry level players?

    • What are the recent developments and business strategy of the key players?



    About Goldstein Research

    Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

    Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

    Our analysts working on ICT market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.







    Browse Similar Report: Asia Pacific Cyber Security Market



    Goldstein Research

    Steve Blade

    +1-646-568-7747

    steve.blade@goldsteinresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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