UAE Cybersecurity Market Trends, Share, Demand, Revenue, Competition and Future Outlook
UAE Cybersecurity Market Growth, Size, Trends Analysis- By Security Type, By Component, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: IACT24190 | Pages: 1 - 109 | Formats*: |
| Category : Information & Communications Technology | |||
UAE Cybersecurity Market Introduction and Overview
According to SPER Market Research, the UAE Cybersecurity Market is estimated to reach USD 1.74 billion by 2033 with a CAGR of 12.93%.
The report includes an in-depth analysis of the UAE Cybersecurity Market, including market size and trends, product mix, Applications, and supplier analysis. Cybersecurity refers to the use of procedures and technologies to protect digital assets from cyber threats. These dangers can take many forms, including malware, phishing attacks, ransomware, and data breaches. The UAE understands the importance of cybersecurity and has taken significant initiatives to strengthen its capabilities in this area.
- February 2024. Axon Technologies, a prominent cybersecurity service provider headquartered in Dubai, UAE, and Keyrus, a global leader in data intelligence and digital transformation, have announced a strategic agreement to strengthen cybersecurity services. This alliance has the potential to transform the Middle East and Africa's cybersecurity landscape by raising standards and driving innovation.
- Mastercard established a global hub for cutting-edge AI and cyber technology in Dubai in August 2023. Mastercard and the Artificial Intelligence, Digital Economy, and Remote Work Applications Office of the United Arab Emirates have signed a Memorandum of Understanding. Enhancing the area's artificial intelligence capabilities is the goal. At first, the main priorities will be to fight financial crime, improve digital security, and promote inclusive growth in the UAE and around the world.
Market Opportunities and Challenges
Opportunities:
The UAE cybersecurity market is expanding due to an increase in cyberattacks - Businesses and organizations in the area are more susceptible to cyberattacks as more of them embrace digital technologies. These flaws are being used by cybercriminals to steal confidential data, interfere with business operations, and result in losses. The need for cybersecurity services and solutions that can aid in defending against these threats has increased as a result. There is a significant need for cybersecurity services and solutions in the area due to the growing frequency of cyberattacks and the growing uptake of digital technology. The expanding tendency of remote working, the use of mobile devices, and strict government rules are some of the other factors driving this increase.
Challenges:
The complexity of integration with existing systems is preventing the UAE cybersecurity sector from expanding - The intricacy of incorporating cybersecurity solutions with current systems is one of the market's biggest obstacles. It is challenging to integrate contemporary cybersecurity solutions into many firms in the region since their systems were not created with security in mind. Data fragmentation, compatibility problems, and higher operating expenses result from this. Additionally, incompatibilities among various systems lead to security flaws that facilitate the exploitation of vulnerabilities by attackers. Significant expenditures in infrastructure, staffing, and training may be necessary during the lengthy and resource-intensive integration process. The market's expansion may be hampered by its complexity, which may discourage businesses from spending money on cybersecurity solutions.
Market Competitive Landscape
The UAE Cybersecurity Market is fragmented, with key players such as IBM, Cisco Systems, Inc, Juniper Networks, Oracle Corporation, and Palo Alto Networks. Market players are implementing methods such as collaborations and acquisitions to improve their solution offerings and acquire a long-term competitive advantage.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Security Type, By Component, By End-User Industry |
| Regions covered | Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al Khaimah, Fujairah |
| Companies Covered | IBM, Cisco Systems, Inc, Juniper Networks, Oracle Corporation, Palo Alto Networks, Fortinet, Inc, Microsoft Corporation, Trend Micro DMCC, Dell Technologies, Inc, Rapid7, Inc. |
By End-User Insights:
The market has been divided into BFSI, defense and government, healthcare, IT & telecom, retail, travel and hospitality, and other segments based on end-user analysis. Due to the growing use of digital technologies and electronic health records (EHRs) by healthcare organizations, which are now more susceptible to cyberattacks, data breaches, and other security threats, the healthcare sector is expected to propel the market's growth over the coming years. Healthcare providers are therefore becoming increasingly concerned about safeguarding sensitive data and patient information against malevolent assaults and illegal access.
COVID-19 Impact on UAE Cybersecurity Market
The UAE's rapid digitization has expanded the number of linked gadgets, generating new routes for cyberattacks. Because of the COVID-19 epidemic and the rise in digital crime, cybersecurity has become more and more important for both governments and businesses. A large increase in cyberattacks during the COVID-19 pandemic, terrorism risks, and digital transformation have led the UAE to safeguard its cyber borders through high expenditure within its new budget. When the UAE unveiled its five-year budget in October of last year, it also declared that government entities would be implementing cybersecurity guidelines.
Key Target Audience:
- Government and Public Sector
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- Critical Infrastructure Operators
- Educational Institutions
- Technology Providers and Startups
- Individual Consumers
- Law Enforcement and Legal Firms
- Cybersecurity Service Providers
- Non-Governmental Organizations (NGOs)
Our in-depth analysis of the UAE Cybersecurity Market includes the following segments:
| By Security Type: | |
| By Component: | |
| By End-User Industry: |
Key Topics Covered in the Report:
- UAE Cybersecurity Market Size (FY’2024-FY’2033)
- Overview of UAE Cybersecurity Market
- Segmentation of UAE Cybersecurity Market By Security Type (Network Security, Cloud Security, Application Security, End-Point Security, Wireless Network Security)
- Segmentation of UAE Cybersecurity Market By Component (Hardware, Solution, Services)
- Segmentation of UAE Cybersecurity Market By End-User Industry (BFSI, Healthcare, Manufacturing, Retail, Government, IT and Telecommunication)
- Statistical Snap of UAE Cybersecurity Market
- Expansion Analysis of UAE Cybersecurity Market
- Problems and Obstacles in UAE Cybersecurity Market
- Competitive Landscape in the UAE Cybersecurity Market
- Impact of COVID-19 and Demonetization on UAE Cybersecurity Market
- Details on Current Investment in UAE Cybersecurity Market
- Competitive Analysis of UAE Cybersecurity Market
- Prominent Players in the UAE Cybersecurity Market
- SWOT Analysis of UAE Cybersecurity Market
- UAE Cybersecurity Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the UAE Cybersecurity Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. UAE Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in UAE Cybersecurity Market
7. UAE Cybersecurity Market, By Security Type (USD Million) 2020-2033
7.1. UAE Cybersecurity Market Size, Share and Forecast, By Security Type, 2020-20267.2. UAE Cybersecurity Market Size, Share and Forecast, By Security Type, 2027-20337.3. Network Security7.4. Cloud Security7.5. Application Security7.6. End-point Security7.7. Wireless Network Security7.8. Other Security Types
8. UAE Cybersecurity Market, By Component (USD Million) 2020-2033
8.1. UAE Cybersecurity Market Size, Share and Forecast, By Component, 2020-20268.2. UAE Cybersecurity Market Size, Share and Forecast, By Component, 2027-20338.3. Hardware8.4. Solution8.4.1. Threat Intelligence and Response8.4.2. Identity and Access Management8.4.3. Data Loss Prevention8.4.4. Security and Vulnerability Management8.4.5. Intrusion Prevention System8.4.6. Other Solutions8.5. Services8.5.1. Professional Services8.5.2. Managed Services
9. UAE Cybersecurity Market, By End-User Industry (USD Million) 2020-2033
9.1. UAE Cybersecurity Market Size, Share and Forecast, By End-User Industry, 2020-20269.2. UAE Cybersecurity Market Size, Share and Forecast, By End-User Industry, 2027-20339.3. Banking, Financial Services and Insurance9.4. Healthcare9.5. Manufacturing9.6. Retail9.7. Government9.8. IT and Telecommunication9.9. Other End-user Industries
10. UAE Cybersecurity Market Forecast, 2020-2033 (USD Million)
10.1. UAE Cybersecurity Market Size and Market Share
11. UAE Cybersecurity Market, By Region, 2020-2033 (USD Million)
11.1. UAE Cybersecurity Market Size and Market Share By Region (2020-2026)11.2. UAE Cybersecurity Market Size and Market Share By Region (2027-2033)11.3. Abu Dhabi11.4. Dubai11.5. Sharjah11.6. Ajman11.7. Umm Al-Quwain11.8. Ras Al Khaimah11.9. Fujairah
12. Company Profile
12.1. IBM12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Cisco Systems, Inc12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Juniper Networks12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Oracle Corporation12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Palo Alto Networks12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Fortinet, Inc12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Microsoft Corporation12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Trend Micro DMCC12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Dell Technologies, Inc12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Rapid7, Inc12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
UAE Cybersecurity Market is projected to reach USD 1.74 billion by 2033, growing at a CAGR of 12.93% during the forecast period.
UAE Cybersecurity Market grew in Market size from 2024. The Market is expected to reach USD 1.74 billion by 2033, at a CAGR of 12.93% during the forecast period.
UAE Cybersecurity Market CAGR of 12.93% during the forecast period.
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UAE Cybersecurity Market size is USD 1.74 billion from 2024 to 2033.
UAE Cybersecurity Market is covered By Security Type, By Component and By End-User Industry
The Middle East is anticipated to have the highest Market share in the UAE Cybersecurity Market.
The Key players in the Market include Companies Covered IBM, Cisco Systems, Inc, Juniper Networks, Oracle Corporation, Palo Alto Networks, Fortinet, Inc, Microsoft Corporation, Trend Micro DMCC, Dell Technologies, Inc and Rapid7, Inc.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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