Surge in Demand: Middle East Zero Trust Security Market Growth at 17.14% CAGR by 2030

Overview of Middle East Zero Trust Security Market Size & Future Outlook

According to the latest report by MarkNtel Advisors, the Middle East Zero Trust Security Market size is estimated to grow at a CAGR of around 17.14% from 2024-2030. This report is designed to enhance user understanding and support informed decision-making by thoroughly analyzing key market shifts, identifying gaps, exploring emerging opportunities, and assessing industry trends and competitive challenges. By combining both qualitative and quantitative data, it offers a comprehensive overview, highlighting growth prospects and providing valuable insights into competitors, helping both established companies and new entrants navigate the current market landscape.

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What are the key drivers influencing the growth of the Middle East Zero Trust Security market?

This section provides a detailed analysis of the market drivers and factors is explored thoroughly below.

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.

How is the Middle East Zero Trust Security market segmented and what are the key factors within each segment?

The Middle East Zero Trust Security market has been further segmented into distinct categories. Analyzing growth within these segments allows you to identify niche opportunities, develop targeted strategies, and understand the variations in your core application areas and target markets.

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

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Who are the Key Market Players in the Middle East Zero Trust Security industry?

The competitive landscape of the Middle East Zero Trust Security market provides a detailed look at the key players in the industry. This includes an overview of each company, their financial performance, revenue generation, and market potential. It also covers their investments in R&D, new market initiatives, production facilities, and strengths and weaknesses. Additionally, the analysis looks at recent product launches, approvals, the range of products offered, their dominance in different applications, and the product life cycle. All of this information is specifically focused on how each company is positioning itself within the market.

Several key players are actively operating in the market, including

Check Point Software Technologies
Cloudflare
Sophos
CyberArk
IBM
Microsoft
CyberKnight Technologies
Orange
Citrix
Palo Alto Networks
Fortinet

Market Advancement by Leading Companies:

August 2024: CyberKnight Technologies announced a partnership with Digital.ai to enhance its Application Security in the Middle East Region.

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