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MarkNtel_UAE Managed Security Services Market Analysis, 2020

The UAE Managed Security Services Market is projected to grow at a CAGR of around 13% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the growing number of cyber threats & attacks, increasing adoption of devices, and the rising need to address concerns over malicious malware attacks & breaches across different sectors in the UAE.<br><br>Full Market Insights-https://www.marknteladvisors.com/research-library/uae-managed-security-services-market.html

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MarkNtel_UAE Managed Security Services Market Analysis, 2020

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  1. UAE Managed Security Services Market Analysis, 2020 marknteladvisors.com

  2. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 14 Sample Pages UAE Managed Security Services Market Analysis, 2020 24 Commercials 50 Disclaimer 52

  3. Market Segmentation UAE Managed Security Services Market Segmentation By Type By Enterprise Size By Company By End User • Distributed Denial of Service Mitigation (DDoS) • Intrusion Detection & Prevention System • Endpoint Security • Firewall Management • Risk and Compliance Management • Vulnerability Management • Security Information and Event Management (SIEM) • Unified Threat Management • Others • Small & Medium size Enterprises • Large Enterprises • Injazat Data Systems • Emirates Integrated Telecommunications • DTS Solutions • BT Group • Managed FZ-LLC • Fortinet • Wipro • Secureworks • IBM • Cisco • Ixtel Technologies • Paladion Networks • Government • BFSI • Healthcare • Manufacturing • Retail • Telecom & IT • Oil & Gas • Others (Hospitality, etc.) By Service Provider • IT Service Providers • Managed Security Specialist • Telecom Service Provider By Region By Deployment Model • Dubai • Abu Dhabi & AI Ain • Sharjah & Northern Emirates • On-Premises • Cloud

  4. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (1/7)

  5. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (2/7)

  6. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (3/7)

  7. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (4/7)

  8. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (5/7)

  9. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (6/7)

  10. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (7/7)

  11. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope Of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 14 Sample Pages UAE Managed Security Services Market Analysis, 2020 24 Commercials 50 Disclaimer 52

  12. Impact of COVID-19 on UAE Managed Security Services Market

  13. Impact of COVID-19 on UAE Managed Security Services Market (1/8) IT Security Spending (USD Billion) Pre and Post COVID-19 Phase • Pre Covid-19 Phase • During this phase, the country has witnessed considerable foreign investments in the financial services and IT services industry. The end-user investments in IT security registered a CAGR of around X% driven by the BFSI industry. Government infrastructure modernization along with growth in BFSI expansion contributed majorly to the growth of managed security services Pre-COVID-19 Phase Maximum COVID-19 Impact Phase Post-COVID-19 Phase Source: MarkNtel Advisors Maximum COVID-19 Impact Phase End User Managed Security Services Investment Plan (as of May 2020) • Q1, 2020: The end-user investments in managed security services peaked in the month of January 2020. Post Jan 2020, the spending witnessed a sharp decline. The contracts were put on a hold, while a substantial number of contracts were suspended temporarily. The payments towards service providers faced considerable delay. The modernization plans were also halted by the end-users Source: MarkNtel Advisors

  14. UAE Managed Security Services Market Outlook, 2015-2025F

  15. UAE Managed Security Services Market Outlook, By Revenues • Figure XX: UAE Managed Security Services Market Revenues (USD Million),2015- 2025F Revenue: XX% Revenue: XX% Source: MarkNtel Advisors • The UAE managed security services market is anticipated to augment during 2020-25. The Dubai government cybersecurity strategy, which aims to grow awareness about cybersecurity and encourage the use of firewalls and other tools etc. is catalyzing the growth in the UAE. Moreover, a large number of cyber-attack cases in the recent past has helped in rising the adoption of managed security services in several sectors such as oil & gas, Telecom, etc. in the UAE. According to the UAE Computer Emergency Response Team (CERT), the country recorded 343 incidents in 2019. • The construction of smart cities comprises various digital advanced products such as surveillance systems, etc. the use of these products is surging the risk of cyber threat due to the availability of consumer-related data. Therefore, smart city developers are adopting managed security services in the UAE to provide a safe experience of smart cities to customers. Hence, the UAE managed security services market is propelling since 2015.

  16. UAE Managed Security Services Market Outlook, By Revenues Number of cyber-attack cases in UAE, 2019, By Impact, By Type Total incidents: 343 • Source: Computer Emergency Response Team (CERT)

  17. UAE Managed Security Services Market Revenue Share, By Type • Figure XX: UAE Managed Security Services Market Revenue Share (%), By Type, 2019 & 2025F • Vulnerability Management: The requirement of vulnerability management is high in the BFSI owing to the probability of cyber-attacks. The BFSI organizations have confidential information about customers that are more prone to cyber-attacks. Therefore, the BFSI industry of UAE adopting vulnerable management solutions since 2015. • Furthermore, the government of UAE launched the “Emirates Blockchain Strategy 2021” initiative in 2018. The strategy aims to transform 50% transactions of the government sector into the blockchain platform by 2021. Through this initiative, the UAE government anticipated to save: • USD 3 billion in transactions and documents processed regularly • 398 million printed documents per year • 77 million work hours per year. • The strategy adopted by the government is generating additional demand for vulnerability management security services in UAE from the last few years. Source: MarkNtel Advisors

  18. UAE Managed Security Services Market Revenue Share, By Enterprise Size • Figure XX: UAE Managed Security Services Market Revenue Share (%), By Enterprise Size, 2019 - 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value • The numerous large enterprises situated in UAE related to various sectors such as manufacturing, retail, etc. The expansion plan of large enterprises is supposed to surge the demand for managed security services in the UAE. Therefore, it is expected that the market share of large enterprise segment would escalate in the coming years. • Moreover, the adoption of Internet of Thing (IoT) and cloud computing in large size organizations is surging across the UAE, particularly in Dubai and Abu Dhabi, this increases the concern among end-users about data breach. Hence, large organizations are deploying managed security services in their units, support the large enterprise segment to propel from the past few years. • While small and medium-size enterprise segment is experiencing a rising market trend owing to an increasing number of startups in several industries such as IT, retail, etc. in UAE.

  19. UAE Managed Security Services Market Revenue Share & Market Size, By Deployment Model • Figure XX: UAE Managed Security Services Market Revenue Share (%), By Deployment Model, 2019 & 2025F • Cloud: The flourishing trend of Bring Your Own Device (BYOD) including smartphones, laptops, and tablets at the workplace, which provide flexibility to employees in working from remote places. This rises the installation of managed security services on a cloud-based system in employees' devices. Thereby, it is expected that this segment would augment in the coming years. • Furthermore, UAE has 96% penetration of internet as per internet world stats, high internet penetration coupled with increasing online trading in UAE supposed to augment the deployment of cloud-based managed security services solutions during 2020-25. 2019 2025F • On Premise • Cloud *These are dummy charts and do not represent actual value • Figure XX: UAE Managed Security Services Market Size (USD Million), By Deployment Model, 2019 - 2025F Source: MarkNtel Advisors *These are dummy charts and do not represent actual value

  20. UAE Managed Security Services Market Revenue Share, By End User • Figure XX: UAE Managed Security Services Market Revenue Share (%), By End User, 2019 & 2025F • Healthcare:The Dubai Health Strategy 2021 is encouraging the use of an integrated database platform, which supports the end-users to take the right decision. Integrated database platforms hold various confidential information related to patients, accounts and finance, etc. that require proper security. Thereby, it is predicted the healthcare segment is rising by 2025. • Moreover, UAE government focused to increase medical tourism over the next 5 years, this drives the improvement of healthcare infrastructure in the emirates since 2015. The infrastructure improvement brings advanced technology in the healthcare system that generates the requirement for managed security services in the UAE. Consequently, this segment is driving across UAE. Manufacturing • Others: Hospitality, etc. Source: MarkNtel Advisors

  21. UAE Managed Security Services Market Revenue Share & Market Size, By Service Provider • Figure XX: UAE Managed Security Services Market Revenue Share (%) & Market Size (USD Million), By Service Provider, 2019 & 2025F • IT Service Providers USD XX Million USD XX Million • Managed Security Specialist • Telecom Service Provider 2025F 2019

  22. UAE Managed Security Services Market Revenue Share, By Region • Figure XX: UAE Managed Security Services Market Revenue Share (%), By Region, 2019 & 2025F Abu Dhabi & AI Ain Sharjah & Northern Emirates Dubai • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% Source: MarkNtel Advisors

  23. UAEDistributed Denial of Service Mitigation Market Outlook, By Revenues • Figure XX:UAE Distributed Denial of Service Mitigation Market Revenues (USD Million),2015- 2025F Revenue: XX% Revenue: XX% Source: MarkNtel Advisors • Distributed Denial of Service (DDoS) mitigation is burgeoning the UAE market. The factors that boost the UAEDDoS mitigation market are as follows: • DDoS affect the services and website of government, finance and telecommunication organizations, in UAE. To decline the threat of DDOS, these organizations in the emirates are using DDoS managed security services from the past few years. • OiLand gas enterprises are among those organizations that have a high risk of DDoS attacks in the emirates. The oil and gas companies are using connected devices such as smart meters, etc. that generate enormous data from different production sites that are competitive and sensitive for companies. Therefore, oil and gas organizations are starting to use DDoS mitigation security services in the UAE.

  24. UAE Distributed Denial of Service Mitigation Market Revenue Share & Market Size, By Enterprise Size • Figure XX: UAE Distributed Denial of Service Mitigation Market Revenue Share (%), By Enterprise Size, 2019 - 2025F • Table XX: UAE Distributed Denial of Service Mitigation Market Size (USD Million), By Enterprise Size, 2015 - 2025F

  25. +1 (613) 707-5086 sales@marknteladvisors.com

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