Middle East Managed & Professional Security Services Market: 15% CAGR Expected During 2021-26 Forecast Period

Middle East Managed & Professional Security Services Market Report Overview:

According to the latest market study by MarkNtel Advisors titled “Middle East Managed & Professional Security Services Market Size, Share, Trends, Growth, Opportunity Analysis 2021-2026” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

Middle East Managed & Professional Security Services Market Insight:

The Middle East Managed & Professional Security Services Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26.

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Possible Growth Challenge: Lack of Trust among Organizations in Giving Full System Control to Third-Party Security Service Providers

Most organizations choose to opt for Managed & professional Security services when they have budget constraints for in-house security experts. Outsourcing security operations to a third-party service provider involves many challenges, including reliability, round-the-clock support, and up-to-date cybersecurity technology. Since service providers hold sensitive data of many businesses, i.e., highly prone to complex attacks, it can be a restraining factor for companies to hand over their data to these service providers and hinder the Middle East Managed & Professional Security Services Market growth during 2021-26.

Competitor Insight: Middle East Managed & Professional Security Services Market

This report focuses on major market participants like:

• 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

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Segmentation Summary: Middle East Managed & Professional Security Services Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Middle East Managed & Professional Security Services Market, with notable highlighting on:

-By Enterprise Size

• Large
• Mid-sized
• Small

The high spending capacity of large enterprises for security solutions is the prime aspect that shall lead them to acquire the largest market share during 2021-26. Large enterprises deal with storing & sharing large data volumes through online platforms, which makes them highly vulnerable to cyberattacks.

On the other hand, the demand for managed & professional security services in Small & Mid-Sized Enterprises (SMEs) is also expected to surge substantially during the forecast period. It attributes principally to their increasing expansion with rapid digitalization, i.e., driving the need for managed security solutions to protect their critical data. In addition to this, rising awareness regarding different security threats among these organizations is another crucial aspect encouraging the adoption of Managed & Professional Security Services and fueling the overall market growth.

-By Services

• Professional Services
• Managed Services

-By Deployment

• Cloud
• On Premise
• Hybrid

-By End Users

• Oil & Gas
• BFSI
• Healthcare
• Utilities
• IT & ITES
• Telecom
• Industrial
• Others

Middle East Managed & Professional Security Services Market Geographical Reach:

• UAE
• Saudi Arabia
• Qatar
• Turkey
• Israel
• Kuwait
• Bahrain
• Oman
• Egypt

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Key Questions Addressed:

• Factors Driving Market Growth: Understand the primary drivers propelling the Middle East Managed & Professional Security Services market forward.
• Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
• Growth Projections: Gain insights into anticipated growth projections for the coming years.
• Geographical Hotspots: Identify geographical poised for significant market growth soon.

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