According to http://www.techsciresearch.com/ latest report “UAE Managed Security Services Market By Deployment Mode, By Application, By End User, Competition Forecast and Opportunities, 2011 – 2021”, the managed security services market in the UAE is projected to grow at a CAGR of over 8% during 2016 – 2021.
1. UAE Managed Security Services Market
By Deployment Mode, By Application,
By End User, Competition Forecast and
Opportunities, 2011 – 2021
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
7. I n d u s t r y B r i e f
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Managed Security Services Market in UAE to Grow at 8% till 2021
Growing cyber security concerns and escalating occurrence of malicious malware coupled with increasing adoption of bring
your own device (BYOD) to drive UAE managed security services market through 2021
According to a recently released TechSci Research report, “UAE Managed Security Services Market By Deployment Mode, By
Application, By End User, Competition Forecast and Opportunities, 2011 – 2021”, the managed security services market in
the UAE is projected to grow at a CAGR of over 8% during 2016 – 2021. Growth in the market is anticipated on account of
increasing cybercrime, fast emerging Bring Your Own Device (BYOD) concept, and growing concerns regarding malicious
malware attacks, zero-day attacks, Synchronization (SYN) floods and Encrypted Attacks. In 2014, approximately 1,549 reports
of cybercrime were registered with Cybercrime Department at Dubai Police Criminal Investigation Department. Moreover, in
2015, various major financial entities such as Sharjah Bank and UAE Bank in Dubai also reported data breaches. Rising
number of such cybercrime attacks in numerous sectors, especially banking & financial sector, is expected to result in an
increasing number of organizations across the country opting for managed security services (MSS) over the next five
years. Further, the country’s MSS market is expected to grow on account of expanding smartphone user base and internet
user base, which are expected to cross 3.5 million and 4.56 million in 2016, respectively.
On the basis of deployment mode, the market has been segmented into two categories, namely, Customer Premise
Equipment (CPE) and Cloud based. Among these categories, Cloud based segment dominated the overall UAE managed
security services market in 2015. The segment is anticipated to maintain its dominance over the next five years as well, as
Cloud based MSS offers higher confidentiality compared to CPE. Application-wise, managed endpoint security segment is
projected to dominate the UAE managed security services market during 2016 – 2021. Few of the major MSS players
operating in the UAE include Injazat Data Systems LLC, Emirates Integrated Telecommunications PJSC, and DTS Solutions,
among others.
“With increasing online trading and growing penetration of internet users, cybersecurity is a growing concern for various
industries as well as government organizations. Centralized security management enables the companies to maintain, deploy
and upgrade multiple devices remotely from a central location. Due to high complexity of the IT infrastructure, organizations
are increasingly opting for centralized network solutions to enable seamless coordination among various facilities. Following
the same trend, UAE managed security services market is also expected to exhibit promising growth over the next five years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
9. R e p o r t O r d e r i n g
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Report Name: UAE Managed Security Services Market By Deployment Mode,
By Application, By End User, Competition Forecast and Opportunities,
2011 – 2021
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