Middle East Zero Trust Security Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Middle East Zero Trust Security Market size is valued at USD2.41 billion in 2024 & is projected to reach USD7.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 17.14% during the forecast period, i.e., 2024-30. The increasing number of cyber threats from within and outside the organizations in the Middle East has led to the growing demand for zero-trust security solutions in the region. The zero trust security based on the idea “never trust always verify” has made it a standard when implementing cybersecurity solutions. The increasing digitalization of Middle Eastern countries due to the implementation of technologies such as cloud computing, the Internet of Things, machine learning, blockchain, artificial intelligence, and data analytics are being implemented by organizations and governments in the region.
Markntel Advisor’s Middle East Zero Trust Security Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Middle East Zero Trust Security Market drivers, barriers, Middle East Zero Trust Security Market Trends, and Key Players in Middle East Zero Trust Security Market.
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Middle East Zero Trust Security Market Dynamics: 2024-2030
Middle East Zero Trust Security Market Driver:
Rising Cyber Threats in the Region– The critical requirement to develop cybersecurity capabilities to guard against escalating threats from cyber adversaries is the primary driver of the zero-trust security market in the Middle East. The region is experiencing massive cyber-attacks related to data breaches. In 2024, the Middle East has average data breach cost has risen by 8.4% to USD 8.75 million per incident on a YoY basis according to IBM. Moreover, the average data breach cost per incident is substantially higher compared to the global average data breach cost of USD 4.88 million. These data breaches greatly disrupt business activities in the Middle East. Furthermore, they also drive up business costs by increasing the expenses associated with regulatory compliances and activities post-cyber breach.
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Middle East Zero Trust Security Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Component
- By Solution
- Network Security- Market Size & Forecast 2019-2030, USD Million
- Data Security- Market Size & Forecast 2019-2030, USD Million
- Endpoint Security- Market Size & Forecast 2019-2030, USD Million
- Security Orchestration Automation & Response (SOAR)- Market Size & Forecast 2019-2030, USD Million
- API Security- Market Size & Forecast 2019-2030, USD Million
- Security Analytics- Market Size & Forecast 2019-2030, USD Million
- Security Policy Management- Market Size & Forecast 2019-2030, USD Million
- By Services
- Consulting and Advisory Services
- Implementation and Integration Services
- Managed Services
- Training and Support Services
- By Authentication Type
- Single Sign-On (SSO)- Market Size & Forecast 2019-2030, USD Million
- Multi-factor Authentication (MFA)- Market Size & Forecast 2019-2030, USD Million
- By Deployment
- Cloud- Market Size & Forecast 2019-2030, USD Million
- On-Premise- Market Size & Forecast 2019-2030, USD Million
- Hybrid- Market Size & Forecast 2019-2030, USD Million
- By Enterprise Size
- Small & Medium Enterprises(SMEs)- Market Size & Forecast 2019-2030, USD Million
- Large Enterprise- Market Size & Forecast 2019-2030, USD Million
- By End User
- BFSI- Market Size & Forecast 2019-2030, USD Million
- IT & Telecom- Market Size & Forecast 2019-2030, USD Million
- Retail- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Others (Transportation, Manufacturing Industry, Publishing, etc.)
- By Country
- UAE
- Saudi Arabia
- Qatar
- Israel
- Egypt
- Kuwait
- Others
- By Solution
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Top Companies Operating in the Middle East Zero Trust Security Market:
- Check Point Software Technologies
- Cloudflare
- Sophos
- CyberArk
- IBM
- Microsoft
- CyberKnight Technologies
- Orange
- Citrix
- Palo Alto Networks
- Fortinet
- Others
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