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Kuwait Managed Security Services (MSS) Market, By Service Type (Managed IAM, Managed Vulnerability Management, Managed Risk & Compliance, Managed Detection & Response, Managed Firewall, Managed SIEM & Log Management, Others); By Type (Fully Managed, Co-Ma

Publisher BlueWeave Consulting
Published Apr 18, 2024
Length 200 Pages
SKU # BLWC18805922

Description

Kuwait Managed Security Services (MSS) Market, By Service Type (Managed IAM, Managed Vulnerability Management, Managed Risk & Compliance, Managed Detection & Response, Managed Firewall, Managed SIEM & Log Management, Others); By Type (Fully Managed, Co-Managed); By Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)); By Security Type (Network Security, Cloud Security, Endpoint Security, Application Security); By Vertical (BFSI, IT & Telecommunications, Government, Consumer Goods & Retail, Healthcare, Manufacturing, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Kuwait Managed Security Services (MSS) Market Size Booming at Significant CAGR of 6.11% to Touch USD 834 Million by 2030

Kuwait Managed Security Services (MSS) Market is flourishing because of the rising adoption of cloud and IoT technologies and increasing frequency of cyberattacks.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Kuwait Managed Security Services (MSS) Market size at USD 672.14 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Kuwait Managed Security Services (MSS) Market size to expand at a CAGR of 6.11% reaching a value of USD 833.9 million by 2030. Stringent government rules to safeguard consumer data privacy and the growing frequency of cyberattacks are key growing factors for the Kuwait Managed Security Services (MSS) Market. Additionally, it is projected that the Kuwaiti Managed Security Services (MSS) Market will expand over the period in analysis due to rising internet and mobile device usage.

Opportunity: Rising adoption of cloud technologies

Based on security type, the Kuwait Managed Security Services (MSS) Market is segmented into network security, cloud security, endpoint security, and application security. The cloud security segment accounts for the highest market share in the market by security type. The rising adoption of cloud technologies, such as artificial intelligence (AI) and machine learning (ML), across businesses in Kuwait is boosting the need for advanced cloud security systems as a safety measure for data protection. These security measures include data privacy protection, data and resource access management, and user and device authentication.

Kuwait Managed Security Services (MSS) Market

Segmental Coverage

Kuwait Managed Security Services (MSS) Market – By Vertical

Based on vertical, the Kuwait Managed Security Services (MSS) Market is segmented into BFSI, IT & telecommunications, government, consumer goods & retail, healthcare, manufacturing, and others. The BFSI segment dominates the Kuwait Managed Security Services (MSS) Market, owing to the high frequency of cyberattacks on banks and other financial institutions. Frequency of email-based attacks like spam and phishing is highly common in the banking sector to steal sensitive data, such as banking account details, account logins, and credit card information, which proliferates the need for advanced cybersecurity.

Competitive Landscape

Major players operating in the Kuwait Managed Security Services (MSS) Market include IBM, Accenture, Cisco, AT&T, Verizon, Managed Security Services, Abacode, Fujitsu, Secmentis, and Ace Cloud.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Kuwait Managed Security Services (MSS) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Kuwait Managed Security Services (MSS) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Kuwait Managed Security Services (MSS) Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing Cyber Threats
3.2.1.2. Rising Adoption of Cloud Technologies
3.2.1.3. Shortage of Skilled Cybersecurity Professionals in Kuwait
3.2.2. Restraints
3.2.2.1. Increasing Security Concerns
3.2.2.2. Lack of Awareness Regarding Managed Security Services (MSS)
3.2.2.3. Lack of Standardization
3.2.3. Opportunities
3.2.3.1. Increasing Focus on Industry-Specific Solution
3.2.3.2. Growth of Cloud-Based Managed Security Services (MSS)
3.2.3.3. Integration with Artificial Intelligence (AI) and Security Automation
3.2.4. Challenges
3.2.4.1. Maintaining Data Security
3.2.4.2. Developing a Skilled Workforce
3.3. Technological Advancement/Recent Development
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Kuwait Managed Security Services (MSS) Market: Marketing Strategies
5. Kuwait Managed Security Services (MSS) Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Service Type
5.2.1.1. Managed IAM
5.2.1.2. Managed Vulnerability Management
5.2.1.3. Managed Risk and Compliance
5.2.1.4. Managed Detection and Response
5.2.1.5. Managed Firewall
5.2.1.6. Managed SIEM and Log Management
5.2.1.7. Other
5.2.2. By Type
5.2.2.1. Fully Managed
5.2.2.2. Co-Managed
5.2.3. By Organization Size
5.2.3.1. Large Enterprises
5.2.3.2. Small and Medium Enterprises
5.2.4. By Security Type
5.2.4.1. Network Security
5.2.4.2. Cloud Security
5.2.4.3. Endpoint Security
5.2.4.4. Application Security
5.2.5. By Vertical
5.2.5.1. BFSI
5.2.5.2. IT and Telecommunications
5.2.5.3. Government
5.2.5.4. Consumer Goods and Retail
5.2.5.5. Healthcare
5.2.5.6. Manufacturing
5.2.5.7. Others
6. Competitive Landscape
6.1. List of Key Players and Their Products
6.2. Kuwait Managed Security Services (MSS) Company Market Share Analysis, 2023
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Development (Merger, Acquisition, Partnership)
7. Kuwait Managed Security Services (MSS) Market: Pricing Analysis
8. Impact of Geopolitical Tension on Kuwait Managed Security Services (MSS) Market
9. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
9.1. IBM
9.2. Accenture
9.3. Cisco
9.4. AT&T
9.5. Verizon
9.6. Managed Security Services
9.7. Abacode
9.8. Fujitsu
9.9. Secmentis
9.10. Ace Cloud
9.11. Other prominent players
10. Key Strategic Recommendations
11. Research Methodology
11.1. Qualitative Research
11.1.1. Primary & Secondary Research
11.2. Quantitative Research
11.3. Market Breakdown & Data Triangulation
11.3.1. Secondary Research
11.3.2. Primary Research
11.4. Breakdown of Primary Research Respondents
11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Kuwait Managed Security Services (MSS) Segmentation
Figure 2 Kuwait Managed Security Services (MSS) Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Kuwait Managed Security Services (MSS) Market Size, By Value (USD Million), 2019–2030
Figure 5 Kuwait Managed Security Services (MSS) Market Share, By Service Type, By Value (USD Million), 2019–2030
Figure 6 Kuwait Managed Security Services (MSS) Market Share, By Type, By Value (USD Million), 2019–2030
Figure 7 Kuwait Managed Security Services (MSS) Market Share, By Organization Size, By Value (USD Million), 2019–2030
Figure 8 Kuwait Managed Security Services (MSS) Market Share, By Security Type, By Value (USD Million), 2019–2030
Figure 9 Kuwait Managed Security Services (MSS) Market Share, By Vertical, By Value (USD Million), 2019–2030
List of Tables
Table 1 Kuwait Managed Security Services (MSS) Market Size, By Value (USD Million), 2019–2030
Table 2 Kuwait Managed Security Services (MSS) Market Share, By Service Type, By Value (USD Million), 2019–2030
Table 3 Kuwait Managed Security Services (MSS) Market Share, By Type, By Value (USD Million), 2019–2030
Table 4 Kuwait Managed Security Services (MSS) Market Share, By Organization Size, By Value (USD Million), 2019–2030
Table 5 Kuwait Managed Security Services (MSS) Market Share, By Security Type, By Value (USD Million), 2019–2030
Table 6 Kuwait Managed Security Services (MSS) Market Share, By Vertical, By Value (USD Million), 2019–2030
Table 7 IBM Company Overview
Table 8 IBM Company Overview
Table 9 Accenture Company Overview
Table 10 Accenture Company Overview
Table 11 Cisco Company Overview
Table 12 Cisco Company Overview
Table 13 AT&T Company Overview
Table 14 AT&T Company Overview
Table 15 Verizon Company Overview
Table 16 Verizon Company Overview
Table 17 Managed Security Services Company Overview
Table 18 Managed Security Services Company Overview
Table 19 Abacode Company Overview
Table 20 Abacode Company Overview
Table 21 Fujitsu Company Overview
Table 22 Fujitsu Company Overview
Table 23 Secmentis Company Overview
Table 24 Secmentis Company Overview
Table 25 Ace Cloud Company Overview
Table 26 Ace Cloud Company Overview

Pricing

Currency Rates
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