UAE Cyber Security Market (2020-2026) | Outlook, Size, Share

UAE Cyber Security Market overview

UAE Cyber Security Market size is anticipated to witness strong growth over the coming years on account of increasing cyber threats and attacks along with increased government spending on cyber security. The government of UAE has established National Cybersecurity Strategy 2020-2025 with the motive to improve prevailing cyber security laws and regulations, safeguard existing and emerging cyber technologies, support the protection of SMEs against cyber threats, and mandate cybersecurity certification for government suppliers combined with starting up of 60 new initiatives and building skills of more than 40,000 new cybersecurity experts. These efforts by the government of UAE would boost the security of critical infrastructure across various sectors namely, energy, ICT, electricity and water, finance and insurance, and health, thereby, generating new areas of application for cyber security solutions and services in forthcoming years which would further enhance the UAE Cyber Security Market Growth.

According to 6Wresearch, the UAE Cyber Security Market size is projected to grow at CAGR of 11.1% during 2020-2026. The growing number of cyber-attacks in recent years has made the issue of sensitive data protection all the more important owing to rapid advancement in artificial intelligence, big data storage, and the 4th industrial revolution by large corporations, which in turn has augmented the demand for cybersecurity products and services in the country during the past. Based on types, enterprise cyber security services which include managed security services, outsourcing, and consulting services acquired the highest market revenue share in 2019 owing to growing cloud-based deployment types and increasing awareness about safeguarding and protecting sensitive data from cyber-attacks across the country. Furthermore, growing government initiatives and support for mandating cyber security certification for government suppliers across various verticals such as energy, healthcare, transportation, and BFSI would contribute to the rising demand for cyber security products and consumer software over the coming years.

Key Highlights of the Report

UAE Cyber Security Market Overview

UAE Cyber Security Market Outlook

UAE Cyber Security Market Forecast, Until 2027

Market Drivers and Restraints

Porter’s Five Force Analysis

Market Opportunity Assessment

Competitive Benchmarking

UAE Cyber Security Market Trends

UAE Cyber Security Market Share, By Players

Company Profiles

Key Strategic Recommendation

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