Deerfield Beach, FL -- (SBWIRE) -- 07/24/2015 -- Cyber Security Market in the MEA 2015-2019

About cyber security
Cyber threats are internet-based attempts that disrupt or damage IT systems and hack critical information using spyware, malware, and phishing. Cyber security solutions help organizations detect, monitor, report, and counter cyber threats and maintain the confidentiality of IT systems. Increased internet penetration has led an exponential rise in sophisticated attacks on IT business infrastructure. Organizations are increasingly adopting cyber security solutions to protect critical data or any digital asset stored in a computer or any digital memory device. Cyber threats are becoming the major concern with the increase in usage of mobile devices and applications.

Cyber security market in MEA region to grow at a CAGR of 14.63% over the period 2014-2019.

MEA is undergoing significant economic and technological transformations, which has resulted in growth of business opportunities and improved IT infrastructure. However, the technological improvements and innovations are creating vulnerabilities and leading to increased cyber threats. The growing sophistication and penetration of cyberattacks has prompted organizations in the BFSI, government, telecom, and oil and gas sectors to adopt cyber security solutions to ensure security of critical information stored in computer systems or digital memory devices.

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One major trend emerging in this market is the demand for cloud-based security solutions. End-users prefer cloud-based security solutions because they are cost-effective and can be easily managed. Therefore, both large enterprises and SMEs in the MEA are increasingly adopting cloud-based cyber security solutions.

Organizations are increasingly adopting cyber security solutions to improve business operations and productivity and new vendors are emerging in the marketplace. Rise in popularity of social media, cloud computing, and mobile devices has made it easy for malicious attackers to access information from vulnerable users. Moreover, several micro and small enterprises in the MEA as well as individual users prefer open-source products because the purchasing and licensing costs of commercial cyber security solutions are high.

Covered in this Report
This report covers the present scenario and growth prospects of the cyber security market in MEA for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of cyber security solutions in MEA. The report also includes market insights, market description, end-user segmentation, and market landscape of the market.

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In addition, it provides a detailed analysis of the cyber security market in the seven major countries in MEA:

Saudi Arabia
UAE
Qatar
Egypt
Turkey
Algeria
Bahrain

Cyber Security Market in MEA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years.The report includes a discussion of the key vendors operating in this market.

"The need to protect networks from advanced cyber threats has led to adoption of multiple security solutions worldwide such as cyber security, web security, email security, DLP, endpoint security, and network security solutions,".

"The market for converged security solutions such as Unified Threat Management and Next-generation Firewalls is growing rapidly, which will support the growth of the cyber security market in the MEA."

To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.