Middle East Cybersecurity Market Set to Triple in Value by 2032, Driven by Rising Threats and Digital Transformation
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The Middle East cybersecurity market is projected to reach $32.39 billion by 2032, exhibiting a 9.8% CAGR from 2024-2032. The market was valued at $13.98 billion in 2023.
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Growth drivers include increasing cyber attacks in the region and adoption of digital technologies by companies, making them more vulnerable.
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The market is segmented by component, deployment mode, organization size, security type, solution, end-user, and country. The on-premise segment accounted for the largest share.
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The UAE is the dominant market, with supportive government initiatives around cybersecurity strategy and partnerships with security companies.
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Key players include Broadcom, Check Point Software, Cisco Systems, CPX, DTS Solutions, Help AG, IBM, Palo Alto Networks, Secureworks, Sophos, and Trellix.