Exploring Middle East Zero Trust Security Market: Rising Trends, Opportunities and Challenges Forecast 2030

A Quick Overview of Middle East Zero Trust Security Market

The key object of this report on the Middle East Zero Trust Security Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Middle East Zero Trust Security Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Middle East Zero Trust Security Market Scenario:

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. The increasing number of cyber threats from within and outside the organizations in the Middle East has led to the growing demand for zero-trust security solutions in the region. The zero trust security based on the idea “never trust always verify” has made it a standard when implementing cybersecurity solutions. The increasing digitalization of Middle Eastern countries due to the implementation of technologies such as cloud computing, the Internet of Things, machine learning, blockchain, artificial intelligence, and data analytics are being implemented by organizations and governments in the region.

Middle East Zero Trust Security Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

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.

Middle East Zero Trust Security Market Segmentation Analysis:

Middle East Zero Trust Security Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Component

  • 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 Services
    • Consulting and Advisory Services
    • Implementation and Integration Services
    • Managed Services
    • Training and Support 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

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.)

By Country

  • UAE
  • Saudi Arabia
  • Qatar
  • Israel
  • Egypt
  • Kuwait
  • Others

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Who are the Key Market Players in the Middle East Zero Trust Security Market?

In the fast-changing Middle East Zero Trust Security Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Middle East Zero Trust Security market ruling the industry are:

List of Key Companies Profiled:

  • Check Point Software Technologies 
  • Cloudflare
  • Sophos
  • CyberArk
  • IBM
  • Microsoft
  • CyberKnight Technologies
  • Orange
  • Citrix
  • Palo Alto Networks
  • Fortinet
  • Others.

Middle East Zero Trust Security Recent Development:

  • August 2024: CyberKnight Technologies announced a partnership with Digital.ai to enhance its Application Security in the Middle East Region.

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Posted in Default Category on October 21 2024 at 02:00 PM

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