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

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Report Code HICT1009
Rising Cyber Threats in GCC Surges for More
Adequate Cyber Security Infrastructure
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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
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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

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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 _at_ https//www.goldsteinresearch.co
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  24-regional-opportunity-assessment-and-demand-anal
  ysis-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 2024 contains
detailed overview of the GCC cyber security
market 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, Porters 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 segmentation as
  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
• Porters 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
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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
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Rising Cyber Threats in GCC Surges for More
Adequate Cyber Security Infrastructure
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