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The continuing success of digitization across the Middle East and rapidly among the GCC (Gulf Cooperation Council), brings with it complementary and growing exposure to the risk of cyber attacks. These rising cyber threats by other countries and by highly expertise criminal rings from around the world have the potential to disrupt the progress of digitization and threaten the reimbursement delivered through it. Around 57% of Middle Eastern companies lost approximately USD 500,000 compared to 33% globally due to cyber attacks. \n\n

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report code hict1009

Report Code : HICT1009

Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

rising cyber threats in gcc surges for more

Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

GCC Cyber Security Market Outlook

The continuing success of digitization across the Middle East and rapidly among the GCC (Gulf Cooperation Council), brings with it complementary and growing exposure to the risk of cyber attacks. These rising cyber threats by other countries and by highly expertise criminal rings from around the world have the potential to disrupt the progress of digitization and threaten the reimbursement delivered through it. Around 57% of Middle Eastern companies lost approximately USD 500,000 compared to 33% globally due to cyber attacks.

For instance, Oman banks suffered loss of USD 45 million as result of ATM cyber-heist in the region and in 2012 Qatari natural gas company (RasGas) got smack with similar shamoon virus that shut down its website and e-mail servers. The GCC cyber security spending with the exception of the banking and energy sector does not meet the global standard.

Only about 37% of the major firms have comprehensive security and training services as compared to 53% globally. In present scenario, the views in the region towards cyber security are beginning to turn, with the recruitment of professionals on the rise and many big cyber security firms are setting up in the region to protect the businesses and general public from cyber threats. For instance, Rytheon the U.S. based Technology and Innovation Company, is at forefront in developing global cyber security and defense solutions, is the one of the major firm providing cyber security to GCC institution and businesses.

Send us Sample Request @ https://www.goldsteinresearch.com/request-sample/gcc-cyber-security-market-outlook-2024-regional-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

  • Market Segmentation
  • 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.)

Sample Request

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

  • Based on Geography
  • Saudi Arabia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  •  United Arab Emirates {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Qatar {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Oman {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Bahrain {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  •  Kuwait {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Request for TOC @ https://www.goldsteinresearch.com/toc-request/gcc-cyber-security-market-outlook-2024-regional-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024
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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

Market Size and Forecast (2016-2024)

GCC cyber security market accounted for USD 7.2 billion in 2016 and is anticipated to reach USD 11.4 billion by 2024. Further, the GCC cyber security market is projected to register a CAGR of 5.9% during the forecast period i.e. 2016-2024 as GCC businesses are preparing themselves for more advanced cyber threat levels especially in the era of technology development and implementation.

Most of the cyber security professionals in GCC are mainly located in Saudi Arabia and UAE in the two largest countries for government organizations, financial services and private/industrial businesses. On the other hand, Qatar, Kuwait and Oman accounts for much smaller number of cyber security professions, generally a fraction of total number of ICT workers in respective countries. Geographically, UAE accounted for the largest market for advanced cyber security solutions with more than 35% market share in GCC cyber security market owing to expanding BFSI sector over the past few years. Saudi Arabia closely follows UAE accounting for 30% market share in the GCC cyber security market and growing at a healthy rate on the back of mounting Oil & Gas Sector.

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

GCC Cyber Security Market Outlook 2024contains detailed overview of the GCC cyber securitymarket in terms of market segmentation by solutions type, by services type, by deployment type and by end users.

Further, for the in-depth analysis, the 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.

GCC Cyber Security Market Report also provides competitive outlook of some of the major players which includes 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, 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.

Overall, the report represents comprehensive synopsis on the GCC cyber security market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

  • Scope Background
  • Market Synopsis
  • Market Segmentation
  • The GCC Cyber Security Market segmentationas follows:
    • By Solution Type (Market Size, Demand Analysis and Growth Analysis)
    • By Services Type (Market Size, Demand Analysis and Growth Analysis)
    • By Deployment Type (Market Size, Demand Analysis and Growth Analysis)
    • By End Users (Market Size, Demand Analysis and Growth Analysis)
  • By Country
    • Saudi Arabia {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis}
    • United Arab Emirates {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }
    • Qatar {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }
    • Oman {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }
    • Bahrain {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis}
    • Kuwait {Market Size (USD Billion), Growth Analysis (%) and Opportunity Analysis }

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

  • Market Dynamics: Growth Drivers, Restraints and Opportunities
    • Risk Factors
    • Regional Variations
    • Recent Trends and Developments
  • Key Market Players
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Porter’s Five Force Model
  • Market Landscape: Competition and Beyond
  • Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
  • Expert Analysis
  • Concluding Remarks

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

About Goldstein Research

Based in U.S., Goldstein Researchis a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. 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.

With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.

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 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.

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Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

Sample Request

For more information Contact Us:

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

rising cyber threats in gcc surges for more 9

Rising Cyber Threats in GCC Surges for More Adequate Cyber Security Infrastructure

Thank you

Thank you