Middle East & Africa Data-Centric Security Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Solution and Service), Deployment Mode (On Premise and Cloud based), Organization Size (Small and Medium Enterprises (SMEs) and Larg
Description
Middle East & Africa Data-Centric Security Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Solution and Service), Deployment Mode (On Premise and Cloud based), Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), and Verticals (IT and Telecommunication, BFSI, Government and Defense, Healthcare and Pharmaceutical, and Others)
The data-centric security market in Middle East & Africa is expected to grow from US$ 188.22 million in 2022 to US$ 556.66 million by 2028. It is estimated to grow at a CAGR of 19.8% from 2022 to 2028.
Incorporation of Artificial Intelligence (AI) and Multi-Cloud Strategy
Artificial intelligence (AI) is well suited to quickly analyze large amounts of data and apply heuristic algorithms to identify patterns. Black hat hackers are now using AI approaches to analyze network traffic and stolen data such as passwords to identify vulnerabilities that can be exploited immediately. Similarly, cybersecurity teams are using AI to analyze data collected from defenses and network traffic, looking for early warning of cyberattacks and new attack patterns. Hence, AI will play a crucial role in developing the data-centric security solution. Furthermore, in recent years, enterprise workloads have been dispersed across several cloud environments and evolved quickly, which is considered a multi-cloud security strategy. Nearly 92% of cloud solution adopters either have a multi-cloud strategy or are in the process of adopting an affordable multi-cloud and hybrid cloud strategy in the next few days, according to a new study by Flexera. Hence, the organization will focus on data security instead of application or server. In addition to increasing flexibility and layering automation and intelligence into security across platforms, multi-cloud security solutions with increase with the point solutions that tie security to a single site. Therefore, businesses will be better able to defend themselves against contemporary dangers when using multi-cloud security solutions.
Furthermore, the COVID-19 pandemic impacted businesses' operations, and multi-cloud helped businesses adapt to the new normal. Due to the recent turmoil, more than half (61%) of Flexera respondents say their focus is on providing more flexible ways of working. Most companies conclude that their remote workers may expand in the future. Thus, multi-cloud is the most flexible IT environment that enables this flexibility by distributing data across many geographic locations for user proximity and business continuity.
Market Overview
The data-centric security market in MEA includes South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The energy industry of the region had seen an increase in data-centric attacks. Rapid digitalization in countries like the United Arab Emirates and Saudi Arabia has enabled the number of connected devices by opening new gateways for data-centric attacks. Due to the recent low price of crude oil, the regional governments are increasing their investments in information and communication technologies. Owing to this, most of the region's social infrastructure, government services, financial sector, schools, and hospitals are increasingly implementing interconnected solutions with minimal attention to the security needs of these developments. The main factors driving the threat of data-centric attacks in the Middle East & African region are the growing vulnerabilities in digital communication networks and supply chains, growth in the user base of online consumers, and, most importantly, the region's deficient cybersecurity infrastructure. Banks in the region are answering to the consumers' preferences of the digital era by increasing their investments in digital modernizations while also focusing on improving the security of mobile banking and the user experience. For instance, Emirates NBD (ENBD), the leading bank in the region, invested AED 1 billion in digital transformation. In addition, the banks, such as Mashreq and Commercial Bank of Dubai (CBD), were early adopters of digital transformation.
Middle East & Africa Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Data-Centric Security Market Segmentation
The Middle East & Africa data-centric security market is segmented into component, deployment mode, organization size, verticals, and country.
Based on component, the market is bifurcated into solution and service. The service segment is expected to register the larger market share in 2022. Based on deployment mode, the Middle East & Africa data-centric-security market is segmented into cloud-based and on-premises. The cloud-based segment is projected to hold a larger market share in 2022. On the basis of organization size, the data-centric security market is segmented into small and medium enterprises and large enterprises. In 2022, the large enterprises is expected to hold the largest market share.
In terms of verticals, the Middle East & Africa data-centric-security market is categorized into government and defense, healthcare & pharmaceuticals, IT and telecommunication, BFSI, and others. The IT and telecommunication segment is projected to hold the largest market share in 2022.
Based on country, the market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022. Broadcom Corporation, Forcepoint, IBM Corporation, Informatica Corporation, Micro Focus, NetApp, Orange Cyberdefense, Talend, and Varonis are the leading companies operating in the data-centric security market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa data-centric security market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa data-centric security market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the data-centric security market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The data-centric security market in Middle East & Africa is expected to grow from US$ 188.22 million in 2022 to US$ 556.66 million by 2028. It is estimated to grow at a CAGR of 19.8% from 2022 to 2028.
Incorporation of Artificial Intelligence (AI) and Multi-Cloud Strategy
Artificial intelligence (AI) is well suited to quickly analyze large amounts of data and apply heuristic algorithms to identify patterns. Black hat hackers are now using AI approaches to analyze network traffic and stolen data such as passwords to identify vulnerabilities that can be exploited immediately. Similarly, cybersecurity teams are using AI to analyze data collected from defenses and network traffic, looking for early warning of cyberattacks and new attack patterns. Hence, AI will play a crucial role in developing the data-centric security solution. Furthermore, in recent years, enterprise workloads have been dispersed across several cloud environments and evolved quickly, which is considered a multi-cloud security strategy. Nearly 92% of cloud solution adopters either have a multi-cloud strategy or are in the process of adopting an affordable multi-cloud and hybrid cloud strategy in the next few days, according to a new study by Flexera. Hence, the organization will focus on data security instead of application or server. In addition to increasing flexibility and layering automation and intelligence into security across platforms, multi-cloud security solutions with increase with the point solutions that tie security to a single site. Therefore, businesses will be better able to defend themselves against contemporary dangers when using multi-cloud security solutions.
Furthermore, the COVID-19 pandemic impacted businesses' operations, and multi-cloud helped businesses adapt to the new normal. Due to the recent turmoil, more than half (61%) of Flexera respondents say their focus is on providing more flexible ways of working. Most companies conclude that their remote workers may expand in the future. Thus, multi-cloud is the most flexible IT environment that enables this flexibility by distributing data across many geographic locations for user proximity and business continuity.
Market Overview
The data-centric security market in MEA includes South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The energy industry of the region had seen an increase in data-centric attacks. Rapid digitalization in countries like the United Arab Emirates and Saudi Arabia has enabled the number of connected devices by opening new gateways for data-centric attacks. Due to the recent low price of crude oil, the regional governments are increasing their investments in information and communication technologies. Owing to this, most of the region's social infrastructure, government services, financial sector, schools, and hospitals are increasingly implementing interconnected solutions with minimal attention to the security needs of these developments. The main factors driving the threat of data-centric attacks in the Middle East & African region are the growing vulnerabilities in digital communication networks and supply chains, growth in the user base of online consumers, and, most importantly, the region's deficient cybersecurity infrastructure. Banks in the region are answering to the consumers' preferences of the digital era by increasing their investments in digital modernizations while also focusing on improving the security of mobile banking and the user experience. For instance, Emirates NBD (ENBD), the leading bank in the region, invested AED 1 billion in digital transformation. In addition, the banks, such as Mashreq and Commercial Bank of Dubai (CBD), were early adopters of digital transformation.
Middle East & Africa Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Data-Centric Security Market Segmentation
The Middle East & Africa data-centric security market is segmented into component, deployment mode, organization size, verticals, and country.
Based on component, the market is bifurcated into solution and service. The service segment is expected to register the larger market share in 2022. Based on deployment mode, the Middle East & Africa data-centric-security market is segmented into cloud-based and on-premises. The cloud-based segment is projected to hold a larger market share in 2022. On the basis of organization size, the data-centric security market is segmented into small and medium enterprises and large enterprises. In 2022, the large enterprises is expected to hold the largest market share.
In terms of verticals, the Middle East & Africa data-centric-security market is categorized into government and defense, healthcare & pharmaceuticals, IT and telecommunication, BFSI, and others. The IT and telecommunication segment is projected to hold the largest market share in 2022.
Based on country, the market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022. Broadcom Corporation, Forcepoint, IBM Corporation, Informatica Corporation, Micro Focus, NetApp, Orange Cyberdefense, Talend, and Varonis are the leading companies operating in the data-centric security market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa data-centric security market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa data-centric security market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the data-centric security market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
128 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 MEA Data-Centric Security Market – By Component
- 1.3.2 MEA Data-Centric Security Market – By Deployment Mode
- 1.3.3 MEA Data-Centric Security Market – By Organization Size
- 1.3.4 MEA Data-Centric Security Market – By Verticals
- 1.3.5 MEA Data-Centric Security Market – By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA Data-Centric Security - Market Landscape
- 4.1 Market Overview
- 4.2 MEA PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
- 5. MEA Data-Centric Security Market – Market Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Rising Focus on Data-Centric Security Model by Enterprises
- 5.1.2 Standardization of Data Protection Rules
- 5.2 Key Market Restraints
- 5.2.1 Concerns Regarding the Adoption of Cloud-Based Security Solutions
- 5.3 Key Market Opportunities
- 5.3.1 Increase in Data and Bring Your Own Device (BYOD) Policies
- 5.4 Future Trends
- 5.4.1 Incorporation of Artificial Intelligence (AI) and Multi-Cloud Strategy
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Data-Centric Security Market – MEA Analysis
- 6.1 Overview
- 6.2 MEA Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
- 7. MEA Data-Centric Security Market Analysis – By Component
- 7.1 Overview
- 7.2 MEA Data-Centric Security Market Breakdown, by Component, 2021 & 2028
- 7.3 Solution
- 7.3.1 Overview
- 7.3.2 Solution Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Service
- 7.4.1 Overview
- 7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Data-Centric Security Market Analysis – By Deployment Mode
- 8.1 Overview
- 8.2 MEA Data-Centric Security Market Breakdown, by Deployment Mode, 2021 & 2028
- 8.3 On Premise
- 8.3.1 Overview
- 8.3.2 On Premise Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Cloud based
- 8.4.1 Overview
- 8.4.2 Cloud based Market Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Data-Centric Security Market Analysis – By Organization Size
- 9.1 Overview
- 9.2 MEA Data-Centric Security Market Breakdown, by Organization Size, 2021 & 2028
- 9.3 Small and Medium Enterprises
- 9.3.1 Overview
- 9.3.2 Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Large Enterprises
- 9.4.1 Overview
- 9.4.2 Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
- 10. MEA Data-Centric Security Market Analysis – By Verticals
- 10.1 Overview
- 10.2 MEA Data-Centric Security Market Breakdown, By Verticals, 2021 & 2028
- 10.3 IT and Telecommunication
- 10.3.1 Overview
- 10.3.2 IT and Telecommunication Market Revenue and Forecast to 2028 (US$ Million)
- 10.4 BFSI
- 10.4.1 Overview
- 10.4.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
- 10.5 Healthcare and Pharmaceutical
- 10.5.1 Overview
- 10.5.2 Healthcare and Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
- 10.6 Government and Defense
- 10.6.1 Overview
- 10.6.2 Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
- 10.7 Others
- 10.7.1 Overview
- 10.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
- 11. MEA Data-Centric Security Market – Country Analysis
- 11.1 Overview
- 11.1.1 MEA: Data-Centric Security Market Revenue and Forecast, by Country
- 11.1.1.1 South Africa: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.1.1 South Africa Data-Centric Security Market Breakdown, By Component
- 11.1.1.1.2 South Africa Data-Centric Security Market Breakdown, By Deployment Mode
- 11.1.1.1.3 South Africa Data-Centric Security Market Breakdown, By Organization Size
- 11.1.1.1.4 South Africa Data-Centric Security Market Breakdown, By Verticals
- 11.1.1.2 Saudi Arabia: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.2.1 Saudi Arabia Data-Centric Security Market Breakdown, By Component
- 11.1.1.2.2 Saudi Arabia Data-Centric Security Market Breakdown, By Deployment Mode
- 11.1.1.2.3 Saudi Arabia Data-Centric Security Market Breakdown, By Organization Size
- 11.1.1.2.4 Saudi Arabia Data-Centric Security Market Breakdown, By Verticals
- 11.1.1.3 UAE: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.3.1 UAE Data-Centric Security Market Breakdown, By Component
- 11.1.1.3.2 UAE Data-Centric Security Market Breakdown, By Deployment Mode
- 11.1.1.3.3 UAE Data-Centric Security Market Breakdown, By Organization Size
- 11.1.1.3.4 UAE Data-Centric Security Market Breakdown, By Verticals
- 11.1.1.4 Rest of MEA: Data-Centric Security Market, Revenue and Forecast to 2028 (US$ Million)
- 11.1.1.4.1 Rest of MEA Data-Centric Security Market Breakdown, By Component
- 11.1.1.4.2 Rest of MEA Data-Centric Security Market Breakdown, By Deployment Mode
- 11.1.1.4.3 Rest of MEA Data-Centric Security Market Breakdown, By Organization Size
- 11.1.1.4.4 Rest of MEA Data-Centric Security Market Breakdown, By Verticals
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 New Product Development
- 12.4 Merger and Acquisition
- 13. Company Profiles
- 13.1 Imperva
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 IBM Corporation
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 FORCEPOINT
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Broadcom Inc.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Informatica Corporation
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Micro Focus
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 NetApp, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 OrangeCyberdefense
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Talend
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Glossary of Terms
- LIST OF TABLES
- Table 1. MEA Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
- Table 2. Middle East and Africa: Data-Centric Security Market, Revenue and Forecast to 2028 - By Country (US$ Million)
- Table 3. South Africa Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
- Table 4. South Africa Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
- Table 5. South Africa Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
- Table 6. South Africa Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 7. Saudi Arabia Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
- Table 8. Saudi Arabia Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
- Table 9. Saudi Arabia Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
- Table 10. Saudi Arabia Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 11. UAE Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
- Table 12. UAE Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
- Table 13. UAE Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
- Table 14. UAE Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 15. Rest of MEA Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
- Table 16. Rest of MEA Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
- Table 17. Rest of MEA Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
- Table 18. Rest of MEA Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
- Table 19. Glossary of Terms, MEA Data-Centric Security Market
- LIST OF FIGURES
- Figure 1. MEA Data-Centric Security Market Segmentation
- Figure 2. MEA Data-Centric Security Market Segmentation – By Country
- Figure 3. MEA Data-Centric Security Market Overview
- Figure 4. MEA Data-Centric Security Market, By Component
- Figure 5. MEA Data-Centric Security Market, By Deployment Mode
- Figure 6. MEA Data-Centric Security Market, By Country
- Figure 7. MEA: PEST Analysis
- Figure 8. Expert Opinion
- Figure 9. MEA Data-Centric Security Market Impact Analysis of Drivers and Restraints
- Figure 10. MEA Data-Centric Security Market Revenue and Forecast To 2028 (US$ Million)
- Figure 11. MEA Data-Centric Security Market Breakdown, by Component, 2021 & 2028 (%)
- Figure 12. MEA Solution Market Revenue and Forecast to 2028 (US$ Million)
- Figure 13. MEA Service Market Revenue and Forecast to 2028 (US$ Million)
- Figure 14. MEA Data-Centric Security Market Breakdown, by Deployment Mode, 2021 & 2028 (%)
- Figure 15. MEA On-Premise Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. MEA Cloud based Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. MEA Data-Centric Security Market Breakdown, by Organization Size, 2021 & 2028 (%)
- Figure 18. MEA Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. MEA Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. MEA Data-Centric Security Market Breakdown, By Verticals, 2021 & 2028 (%)
- Figure 21. MEA IT and Telecommunication Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. MEA BFSI Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. MEA Healthcare and Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. MEA Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
- Figure 25. MEA Others Market Revenue and Forecast to 2028 (US$ Million)
- Figure 26. MEA: Data-Centric Security Market, by Key Country-Revenue (2021) (US$ Million)
- Figure 27. Middle East and Africa: Data-Centric Security Market, by Country, 2021 & 2028 (%)
- Figure 28. South Africa: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 29. Saudi Arabia: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. UAE: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 31. Rest of MEA: Data-Centric Security Market, Revenue and Forecast to 2028 (US$ Million)
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