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.
The List of Companies - Middle East & Africa Data-Centric Security Market
● Broadcom Corporation
● Forcepoint
● IBM Corporation
● Informatica Corporation
● Micro Focus
● NetApp
● Orange Cyberdefense
● Talend
● Varonis
TABLE OF CONTENTS
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
