Middle East Managed & Professional Security Services Market Research Report: Forecast (2021-2026)

A Managed & Professional Security Service provider enables an organization with outsourced monitoring & security management systems to avoid any cyber-attacks, loss of data & breaches.

The “Middle East Managed & Professional Security Services Market” is likely to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26, says The publisher . It owes to various factors, including the availability of high technology and immediate communication access. Additionally, numerous market players are actively working together to expand the existing infrastructure and enhance the integrations & installation of cloud-based software platforms to the Managed & Professional Security Services in every way. Furthermore, the rapidly evolving IoT is another crucial aspect likely to boost the overall market growth in the forecast period.

The research report, “Middle East Managed & Professional Security Services Market Analysis, 2021,” depicts a deep-dive market analysis of market statistics, essentially including regional & country-wise market size, market forecast, CAGR & market share of different segments, competitive benchmarking, and key market drivers & restraints.

Covid-19 Severely Impacted the Middle East Managed & Professional Security Services Market
The outbreak of the Covid-19 pandemic has affected industries of all kinds across the world, and the Middle East Managed & Professional Security Services Market is no exception. With the imposition of lockdown through the region by governments to combat the spread of the virus, various industries had to shut down their operations and adapt to working from home. Here, the market observed both positive and negative hits of the pandemic.
While the demand for Cloud-Based solutions witnessed a significant rise, the need for adequate management & professional security systems was propelling, too. On the other hand, numerous end-users like BFSI, retail, and manufacturing industries faced massive decline and loss amidst the outbreak. Nevertheless, to survive the loss, many private and government administrations are coming together to adopt these services and support the overall market growth. Thus, owing to the rapid adoption of IoT, cloud, and other similar software, the Middle East Managed & Professional Security Services Market is likely to regain its usual pace and build remunerative opportunities in the forecast period.

Market Segmentation

IT & ITES to Observe the Largest Share of the Middle East Managed & Professional Security Services Market
Based on the End User type, the Middle East Managed & Professional Security Services Market bifurcates into Oil & Gas, BFSI, Healthcare, Utilities, IT & ITES, Telecom, Industrial, and Others. Of them all, the IT & ITES Sector is more likely to attain the largest share in the forecast years. The IT & ITES sector is fragmented and segments into security services, network, data center, IT infrastructure services, communication & collaboration, and information services. Since the IT & ITES sector is dedicated to plan, run, build, and maintain different IT fields, the demand for these services is rapidly propelling across the Middle East, thereby likely to fuel the overall market growth in the forecast period.

BFSI to Witness the Fastest Growth in the Middle East Managed & Professional Security Services Market
Amongst the End User, the Middle East Managed & Professional Security Services Market bifurcates into Oil & Gas, BFSI, Healthcare, Utilities, IT & ITES, Telecom, Industrial, and Others. Of them all, the BFSI segment is more likely to attain the fastest market growth in the forecast period. The Banking, Financial Services, and Insurance (BFSI) vertical keep the confidentiality of sensitive data and avoid the possibility of cyber-attacks & frauds. Besides, it also maintains and controls the overall security system of the organization every day & hour. It understands the sensitivity of data breaches and takes immediate actions at critical times, eliminates any possible security breach, thereby providing the utmost security at all times. Hence, these aspects are likely to propel the segment demand in the forecast years, reveals The publisher in their research report, “Middle East Managed & Professional Security Services Market Analysis, 2021.”

Country Landscape

Saudi Arabia to Dominate the Middle East Managed & Professional Security Services Market
The Middle East Managed & Professional Security Services Market is rising considerably across the entire region. However, Saudi Arabia dominated the market with the largest share in the previous few years and is likely to continue its dominance in the forecast period. It owes to the governments & market players actively transforming the digital interface of the country and providing massive growth & development opportunities to curb the spread of cyber threats among businesses and individuals. Furthermore, with the constantly advancing technology, the sophistication among attackers to breach cutting-edge technologies of organizations is increasing rapidly. Hence, based on these aspects, Saudi Arabia is likely to witness robust growth in the forecast period, i.e., 2021-26.

Market Driver

sThe surging need for Managed & Professional Security Services due to the rapidly growing business start-ups in the region, coupled with organizations lacking skilled professionals to manage complex IT threats, are the primary factors likely to drive the market in the forecast period. Furthermore, BFSI enterprises shall remain constant consumers of these services. These end-users understand the sensitivity of data breaches, take immediate actions at critical times, and eliminate any possible security breach, thereby providing the utmost security at all times. Hence, these aspects shall fuel the overall market growth in the forecast period.

Market Challenges

Significant challenges faced by the Middle East Managed & Professional Security Services Market include the complexity of these services for organizations as they are a hybrid of corporate networks. Besides, the cloud expansion requirements and virtualization make these services more difficult to manage in a varied environment. Furthermore, an organization's reluctance to share sensitive data and varying customer demands regarding security packages might also hinder the overall market growth.

Competitive Landscape

According to The publisher , the leading players in the Middle East Managed & Professional Security Services Market are IBM, Cisco, BIOS Middle East Group, Huawei, Gulf Business Machines (GBM), Ras Infotech, AGC Networks, Data TAAG Technologies Middle East LLC, VRS Technologies LLC, Mindfire Technologies LLC, Chipco Solutions LLC, Others.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Middle East Managed & Professional Security Services Market?
2. What are the country-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Middle East Managed & Professional Security Services Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Middle East Managed & Professional Security Services Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the GCC Pharmaceutical Logistics Market study?

Market Outlook, Segmentation, and Statistics

1. Impact of COVID-19 on Middle East Managed & Professional Security Services Market
2. Market Size & Analysis
2.1. By Revenue
3. Market Share & Analysis
3.1. By Service
3.1.1. Professional Services
3.1.1.1. Design & Development
3.1.1.2. Integration
3.1.1.3. IT Assessment
3.1.1.4. Consulting
3.1.1.5. Training & Education
3.1.1.6. Maintenance & Upgrades
3.1.2. Managed Services
3.1.2.1. Hosting services
3.1.2.2. Cyber Security Services
3.1.2.3. Managed Cloud services
3.1.2.4. Managed Detection & Response (MDR)
3.1.2.5. Managed Threat Intelligence)
3.1.2.6. Others
3.1.2.6.1. 24x7 monitoring
3.1.2.6.2. On-demand IT support
3.1.2.6.3. KPI Monitoring
3.1.2.6.4. CRM & ERP management, etc.
3.2. By Deployment
3.2.1. Cloud
3.2.2. On-Premise
3.2.3. Hybrid
3.3. By Enterprise Size
3.3.1. Large
3.3.2. Mid-sized
3.3.3. Small
3.4. By End-User
3.4.1. Oil & Gas
3.4.2. BFSI
3.4.3. Healthcare
3.4.4. Utilities,
3.4.5. IT & ITES
3.4.6. Telecom
3.4.7. Industrial
3.4.8. Others
3.5. By Countries
3.5.1. UAE
3.5.2. Saudi Arabia
3.5.3. Qatar
3.5.4. Turkey
3.5.5. Israel
3.5.6. Kuwait
3.5.7. Bahrain
3.5.8. Oman
3.5.9. Egypt
3.6. By Competitors
3.6.1. Competition Characteristics
3.6.2. Market Share & Analysis
3.6.3. Competitive Matrix
4. Middle East Managed & Professional Security Services Market Hotspots & Opportunities
5. Middle East Managed & Professional Security Services Market Regulations & Policy
6. Key Strategic Imperatives for Success and Growth
7. Global Competition Outlook
7.1. Competition Matrix
7.2. Company Profile

1. Introduction

1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation

2. Executive Summary3. Impact of IoT on Middle East Managed & Professional Security Services Market4. Impact of COVID-19 on Middle East Managed & Professional Security Services Market5. Middle East Managed & Professional Security Services Market Business Cases6. Middle East Managed & Professional Security Services Market Analysis Trends & Insights7. Middle East Managed & Professional Security Services Market Analysis Hotspots & Opportunities8. Middle East Managed & Professional Security Services Market Strategic Imperatives for Success & Growth9. Middle East Managed & Professional Security Services Market Country-Wise Key Players

10. Middle East Managed & Professional Security Services Market Outlook, 2016-2026F

10.1. Market Size & Analysis
10.1.1. By Revenues
10.2. Market Share & Analysis
10.2.1. By Services
10.2.1.1. Professional Services
10.2.1.1.1. Design & Development
10.2.1.1.2. Integration
10.2.1.1.3. IT Assessment
10.2.1.1.4. Consulting
10.2.1.1.5. Training & Education
10.2.1.1.6. Maintenance & Upgrades
10.2.1.2. Managed Services
10.2.1.2.1. Hosting services
10.2.1.2.2. Cyber Security Services
10.2.1.2.3. Managed Cloud services
10.2.1.2.4. Managed Detection & Response (MDR)
10.2.1.2.5. Managed Threat Intelligence
10.2.1.2.6. Others (24x7 monitoring, On-demand IT support, KPI Monitoring, CRM & ERP management, etc.)
10.2.2. By Deployment
10.2.2.1. Cloud
10.2.2.2. On Premise
10.2.2.3. Hybrid
10.2.3. By Enterprise Size
10.2.3.1. Large
10.2.3.2. Mid-sized
10.2.3.3. Small
10.2.4. By End Users
10.2.4.1. Oil & Gas
10.2.4.2. BFSI
10.2.4.3. Healthcare
10.2.4.4. Utilities
10.2.4.5. IT & ITES
10.2.4.6. Telecom
10.2.4.7. Industrial
10.2.4.8. Others
10.2.5. By Countries
10.2.5.1. UAE
10.2.5.2. Saudi Arabia
10.2.5.3. Qatar
10.2.5.4. Turkey
10.2.5.5. Israel
10.2.5.6. Kuwait
10.2.5.7. Bahrain
10.2.5.8. Oman
10.2.5.9. Egypt
10.2.6. By Competitor
10.2.6.1. Competition Characteristics
10.2.6.2. Competitor Alignment in Competition Matrix

11. UAE Managed & Professional Security Services Market Outlook, 2016-2026F

11.1. Market Size & Analysis
11.1.1. By Revenues
11.2. Market Share & Analysis
11.2.1. By Services
11.2.2. By Deployment
11.2.3. By Enterprise Size
11.2.4. By End User

12. Saudi Arabia Managed & Professional Security Services Market Outlook, 2016-2026F

12.1. Market Size & Analysis
12.1.1. By Revenues
12.2. Market Share & Analysis
12.2.1. By Services
12.2.2. By Deployment
12.2.3. By Enterprise Size
12.2.4. By End User

13. Qatar Managed & Professional Security Services Market Outlook, 2016-2026F

13.1. Market Size & Analysis
13.1.1. By Revenues
13.2. Market Share & Analysis
13.2.1. By Services
13.2.2. By Deployment
13.2.3. By Enterprise Size
13.2.4. By End User

14. Israel Managed & Professional Security Services Market Outlook, 2016-2026F

14.1. Market Size & Analysis
14.1.1. By Revenues
14.2. Market Share & Analysis
14.2.1. By Services
14.2.2. By Deployment
14.2.3. By Enterprise Size
14.2.4. By End User

15. Kuwait Managed & Professional Security Services Market Outlook, 2016-2026F

15.1. Market Size & Analysis
15.1.1. By Revenues
15.2. Market Share & Analysis
15.2.1. By Services
15.2.2. By Deployment
15.2.3. By Enterprise Size
15.2.4. By End User

16. Bahrain Managed & Professional Security Services Market Outlook, 2016-2026F

16.1. Market Size & Analysis
16.1.1. By Revenues
16.2. Market Share & Analysis
16.2.1. By Services
16.2.2. By Deployment
16.2.3. By Enterprise Size
16.2.4. By End User

17. Oman Managed & Professional Security Services Market Outlook, 2016-2026F

17.1. Market Size & Analysis
17.1.1. By Revenues
17.2. Market Share & Analysis
17.2.1. By Services
17.2.2. By Deployment
17.2.3. By Enterprise Size
17.2.4. By End User

18. Egypt Managed & Professional Security Services Market Outlook, 2016-2026F

18.1. Market Size & Analysis
18.1.1. By Revenues
18.2. Market Share & Analysis
18.2.1. By Services
18.2.2. By Deployment
18.2.3. By Enterprise Size
18.2.4. By End User

19. Middle East Managed & Professional Security Services Market Dynamics

19.1. Growth Drivers
19.2. Challenges
19.3. Impact Analysis

20. Middle East Managed & Professional Security Services Market Policies & Regulations

21. Competitive Benchmarking

21.1. Competition Matrix
21.1.1. Product Portfolio
21.1.2. Target Markets
21.1.3. Target Security Type
21.1.4. Research & Development
21.1.5. Strategic Alliances
21.1.6. Strategic Initiatives
21.2. Company Profiles (Business Description, Product Offering, Target Markets, Assets, Strategic Alliances or Partnerships, etc.)
21.2.1. IBM
21.2.2. Cisco
21.2.3. BIOS Middle East Group
21.2.4. Huawei
21.2.5. Gulf Business Machines (GBM)
21.2.6. Ras Infotech
21.2.7. AGC Networks
21.2.8. Data TAAG Technologies Middle East LLC
21.2.9. VRS Technologies LLC
21.2.10. Mindfire Technologies LLC
21.2.11. Chipco Solutions LLC
21.2.12. Others

22. Disclaimer