Saudi Arabia Cybersecurity Market Report 2022: Focus on Network Security, Application Security, Cloud Security, Endpoint Security – Forecast to 2026 – ResearchAndMarkets.com

Saudi Arabia Cybersecurity Market Report 2022: Focus on Network Security, Application Security, Cloud Security, Endpoint Security – Forecast to 2026 – ResearchAndMarkets.com

DUBLIN–(COMMERCIAL WIRE)–The “Saudi Arabian Cybersecurity Market, By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, and Others), By Solution Type, By Deployment Mode, By End User Industry, by Region, by Major Emirates, Competition, Forecast and Opportunities, 2016-2026F” Report has been added to ResearchAndMarkets.com offering.

The Saudi Arabian cybersecurity market was valued at USD 3,618.90 million in 2020 and is expected to grow at a CAGR of 17.98% to reach the value of USD 9,845.26 million in 2026.

Increasing government efforts to diversify revenue sources and reduce dependency on the oil industry, increasing digitization of public and private institutions, and growing concern about cyber attacks are the main factors driving market demand for Saudi Arabian cybersecurity in the forecast period.

High-level government investments for the development of the country’s IT infrastructure and the imposition of stringent government regulations emphasizing the need for cybersecurity solutions to protect sensitive public data are accelerating the demand for cybersecurity solutions in the country.

The emergence of COVID-19 contributed significantly to boosting the growth of the Saudi Arabian cybersecurity market as organizations provided work-from-home facility to their employees to protect them from infection. The shift to digital remote platforms has increased organizations’ spending on advanced cybersecurity solutions to ensure data privacy and security.

Rapid advancements in technology, the adoption of advanced technologies such as IoT, artificial intelligence, and the deployment of 5G technology are expected to create lucrative growth opportunities for the Saudi Arabian cybersecurity market in the forecast period.

The Saudi Arabian cybersecurity market is divided into security type, solution type, deployment mode, end-user industry, enterprise, and regional distribution.

Based on the deployment mode, the market is divided into cloud and on-premises. The cloud model is expected to hold the largest market share in the forecast period. The rapid adoption of cloud technology by organizations and institutions as it offers several advantages over on-premises models such as scalability, flexibility, and affordability is driving the demand for cloud technology during the forecast period.

Scope of the report:

Years considered for this report:

  • Historical Years: 2016-2019

  • Base Year: 2020

  • Estimated year: 2021

  • Forecast period: 2022-2026

Saudi Arabian cybersecurity market, by type of security:

  • network security

  • Application security

  • cloud security

  • security endpoint

  • content security

  • Others

Saudi Arabian cybersecurity market, by solution type:

  • firewalls

  • Anti-Virus and Anti-Malware

  • Risk management and compliance

  • Identity and access management

  • Data Loss Prevention

  • Unified Threat Management

  • encryption and decryption

  • Intrusion detection/prevention system

  • infrastructure security

  • Others

Saudi Arabian cybersecurity market, by mode of implementation:

Saudi Arabia cybersecurity market, by end-user industry:

  • government

  • BFSI

  • Companies/Private Organizations

  • Retail sale

  • Health care

  • Education Technology

  • Others

Saudi Arabia cybersecurity market, by region:

  • Central

  • Oriental

  • western

  • Rest of Saudi Arabia

competitive landscape:

Company Profiles: Detailed analysis of the main companies present in the Saudi Arabian cybersecurity market.

  • International Corporation for Business Machines (IBM)

  • McAfee Corporation.

  • Cisco Systems, Inc.

  • Palo Alto Networks Inc.

  • NortonLifeLock Inc.

  • FORTINET, INC.

  • dell technologies inc.

  • Check Point Software Technologies Ltd

  • Salesforce.com, Inc.

  • Trend Micro, Inc.

  • fireeye, inc.

  • Al Moammar Information Systems Co. (MIS).

  • tenable, inc.

  • Hewlett Packard Business Development LP

  • NEC Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/kg2l0a

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