Middle East Cybersecurity Market with COVID-19 Analysis, by Component (Solutions and Services), Security Type (Network Security, Endpoint Security, Cloud Security, Database Security), Deployment Mode, Organization Size, Vertical – Global Forecast to 2027>
RNR Market Research – Marketsandmarketsâ¢
The Middle East cybersecurity market size is projected to grow from USD 20.3 billion in 2022 to USD 44.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period. The increased sophistication of cyberattacks across heavy industries to result in financial and reputational losses, stringent government regulations, and cyberattacks due to the proliferation of digitalization are anticipated to be the major market drivers. The need to adopt necessary steps in advance for securing the overall security posture and technological advancements in cloud and IoT has bolstered potential use cases across verticals.

By security type, the network security segment is expected to grow at with the largest market size during the forecast period

By vertical, the healthcare vertical to be the fastest-growing vertical during the forecast period

Kingdom of Saudi Arabia (KSA) to hold the highest market share during the forecast period
Link: https://www.rnrmarketresearch.com/middle-east-cybersecurity-market-with-covid-19-analysis-by-component-solutions-and-services-security-type-network-security-endpoint-security-cloud-security-database-s