The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of UAE Cloud Security Market (2022-2027):
According to the latest report, the UAE Cloud Security Market is projected to grow at a CAGR of around 13.26% during the forecast period, i.e., 2022-27. The report demonstrates the prominent factors propelling the exponential growth of the UAE Cloud Security Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2017-2020
- Base year: 2021
- Forecast Years: 2022-2027
- CAGR (2022-27): 13.26%
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What are the major Driver the UAE Cloud Security industry?
Upthrow in the Use of Cloud-based Solutions-The rapid increase in the adoption of cloud platforms & services by enterprises as well as the government has elevated the need for cloud security during 2017-21. The UAE has a cloud-first policy for catalyzing cloud adoption in the private & public sectors, due to which the country has seen the burgeoning prevalence of cloud-based solutions. Moreover, the appreciable steps, including the UAE Vision 2021, National Innovation Strategy, TRA Vision, etc., taken up by the UAE government have widened the scope of cloud security solutions in the country.
Since 2017, there have been several investments by the global cloud players, such as AWS, Oracle, Microsoft, and Google, among others, to stretch their product offerings in the region by making the UAE a data hub. As a result, the development of major cloud clusters in the country has been observed to be a key demand generator for cloud security.
- In 2022, Microsoft Azure launched its digitally transformative services, including Azure Purview, Azure Arc enabled servers, Azure Communication Services, and Azure Machine Learning on its Azure UAE cloud regions. Previously, in 2019, the company launched its Microsoft Cloud Regions in the UAE to accelerate its cloud business in the Middle East & North Africa (MENA) region.
UAE Cloud Security Market Segmentation
The UAE Cloud Security Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Enterprise Size
- Large Enterprise
- Small and Medium-Sized Enterprise
- By Security Type
- Identify and Access Management
- Security information and event management (SIEM)?
- Remote Vulnerability Assessment?
- Data Loss Prevention
- Others (Operations Management, Risk & Compliance Management
- By Deployment Type
- Public Cloud
- Private Cloud
- Hybrid & Multi Cloud
- By End User
- BFSI
- Healthcare
- IT and Telecom
- Government
- Retail
- Oil & Gas
- Others (Public Utilities, Education Institutes, etc.)
- By Region
- Abu Dhabi
- Dubai
- Sharjah & Rest of Emirates
As per the regional aspect, the UAE Cloud Security Market is expected to be dominated by the Abu Dhabi by capturing the potential market share.
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Top Companies in the UAE Cloud Security Market
IBM Middle East FZ LLC, UAE, Oracle Systems Limited, Microsoft Gulf FZ LLC (Microsoft Gulf), AWS Dubai, Juniper Networks Inc., Cisco Middle East, UAE, Broadcom, UAE, Palo Alto Networks UAE, CyberArk Software Inc., Fortinet Inc., Others)
Recent Developments by the Leading Companies
In 2020, StarLink, one of the IT distributors in the Middle East, Turkey, and Africa (META) region formed a partnership with SailPoint, an American Identity security solution provider, to offer businesses identity & access management solutions.
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