MarkNtel Advisors recently published a detailed industry analysis of the Middle East Zero Trust Security Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Middle East Zero Trust Security Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Middle East Zero Trust Security Market size is valued at USD2.41 billion in 2024 & is projected to reach USD7.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 17.14% during the forecast period, i.e., 2024-30
Middle East Zero Trust Security Market Driver
Rising Cyber Threats in the Region– The critical requirement to develop cybersecurity capabilities to guard against escalating threats from cyber adversaries is the primary driver of the zero-trust security market in the Middle East. The region is experiencing massive cyber-attacks related to data breaches. In 2024, the Middle East has average data breach cost has risen by 8.4% to USD 8.75 million per incident on a YoY basis according to IBM. Moreover, the average data breach cost per incident is substantially higher compared to the global average data breach cost of USD 4.88 million. These data breaches greatly disrupt business activities in the Middle East. Furthermore, they also drive up business costs by increasing the expenses associated with regulatory compliances and activities post-cyber breach.
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What segments define the Middle East Zero Trust Security market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
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- By Solution
- Network Security- Market Size & Forecast 2019-2030, USD Million
- Data Security- Market Size & Forecast 2019-2030, USD Million
- Endpoint Security- Market Size & Forecast 2019-2030, USD Million
- Security Orchestration Automation & Response (SOAR)- Market Size & Forecast 2019-2030, USD Million
- API Security- Market Size & Forecast 2019-2030, USD Million
- Security Analytics- Market Size & Forecast 2019-2030, USD Million
- Security Policy Management- Market Size & Forecast 2019-2030, USD Million
- By Solution
According to report, Data Security is the leading segment in the Zero Trust Security Market in the Middle East.
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- By Services
- Consulting and Advisory Services
- Implementation and Integration Services
- Managed Services
- Training and Support Services
- By Services
- By Authentication Type
- Single Sign-On (SSO)- Market Size & Forecast 2019-2030, USD Million
- Multi-factor Authentication (MFA)- Market Size & Forecast 2019-2030, USD Million
According to report, Multi-factor authentication leads the market share when considering segmentation based on the type of authentication for the Middle East Zero Trust Security Market.
- By Deployment
- Cloud- Market Size & Forecast 2019-2030, USD Million
- On-Premise- Market Size & Forecast 2019-2030, USD Million
- Hybrid- Market Size & Forecast 2019-2030, USD Million
- By Enterprise Size
- Small & Medium Enterprises(SMEs)- Market Size & Forecast 2019-2030, USD Million
- Large Enterprise- Market Size & Forecast 2019-2030, USD Million
- By End User
- BFSI- Market Size & Forecast 2019-2030, USD Million
- IT & Telecom- Market Size & Forecast 2019-2030, USD Million
- Retail- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Others (Transportation, Manufacturing Industry, Publishing, etc.)
Explore the Complete Middle East Zero Trust Security Market Analysis Report –
https://www.marknteladvisors.com/research-library/middle-east-zero-trust-security-market.html
Geographical Analysis: Middle East Zero Trust Security Market
- By Country
- UAE
- Saudi Arabia
- Qatar
- Israel
- Egypt
- Kuwait
- Others
Middle East Zero Trust Security Market Share & Competitive Landscape:
The Middle East Zero Trust Security Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Middle East Zero Trust Security Market are:
- Check Point Software Technologies
- Cloudflare
- Sophos
- CyberArk
- IBM
- Microsoft
- CyberKnight Technologies
- Orange
- Citrix
- Palo Alto Networks
- Fortinet
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Middle East Zero Trust Security Industry Recent Development:
- August 2024: CyberKnight Technologies announced a partnership with Digital.ai to enhance its Application Security in the Middle East Region.
- June 2024: Cloudflare announced that it will be providing regional services in Saudi Arabia regarding the regulatory requirement of data localization in the country along the zero trust principle. This comes under its expansion plan in the Middle East after the announcement of the opening of its new office in Dubai Internet City in March this year.
Questions Addressed in this Study
1.What factors are driving the Middle East Zero Trust Security Market growth?
2.How is the Middle East Zero Trust Security Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East Zero Trust Security Market?
4.What is the current size of the Middle East Zero Trust Security Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East Zero Trust Security Market in terms of technological advancements and market expansion?
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