Managed Security Services Market Size Analysis, Industry Outlook, Current Trends and Forecast by 2025

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The report on Managed Security Services market is a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about Managed Security Services market size. The estimates featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Managed Security Services market, including but not limited to: Regional markets, technology, types, and applications.

UAE Managed Security Services Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of UAE Managed Security Services Market including regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Intrusion Prevention & Detection, and Security Assets Monitoring & Management Service Segment to Dominate the Market

Managed Security Services Market forecasting derived from in-depth understanding attained from future market spending patterns provides enumerated insight to support your decision-making process. Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified persuasive factors around which conventions about the market are made. These conventions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people.

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The surge in the managed security services in UAE is associated with the burgeoning cyberattacks on diverse institutions such as banks, telecom infrastructure, energy assets, etc. Another reason for the growth is favourable strategies by the government of UAE such as Emirates Blockchain Strategy 2021 and Dubai Smart City Initiative Vision 2021. According to research report 'UAE Managed Security Services Market Analysis, 2020', the UAE Managed Security Services Market is anticipated to grow at a CAGR of around 13% during 2020-25.

Internet of Things (IoT) penetration, cloud migration, software-defined networks (SDN) are intensifying across enterprises in the UAE. The country is also known as the financial hub of Middle East & Africa. Therefore, the focus on Intrusion Prevention & Detection from BFSI industry is surging at an exponential pace. Furthermore, due to the rapid growth in IT infrastructure and urgency for growing real-time data volumes is augmenting the demand for Security Asset monitoring & Management Service Segment. The segment bagged the major market share in 2019 and as the ongoing developments in the country are expected to exhibit strengthening demand during 2020-25 as revealed by the research report 'UAE Managed Security Services Market Analysis, 2020'.

The BFSI Segment Remained Dominant Through 2019

According to , the key players with a considerable market share in the UAE Managed Security Services market include DTS Solution, Dark Matter, McAfee, LLC, eHosting DataFort, Fortinet, Paladion, Emirates Telecommunication Corporation, Etisalat, LogRhythm Inc, Paramount Computer System FZ-LLC, etc. The companies are merging and collaborating with other leading companies to remain competitive in the country. For instance, in early 2020, Etisalat which is a media company in UAE acquired Help AG. The acquisition was done to establish lines of business to become more robust and resilient against modern-day cyber threats.

The Banking, Financial Services & Insurance (BFSI) application market registered the highest market share in UAE managed security services in 2019 owing to a growth in cyber-attacks driven by financial motive in the banking sector. Thus, the use of managed security services in the BFSI sector is turning out to be a necessity in the UAE.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Managed Security Services Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Managed Security Services Market?
4. Who are the key competitors or market players and how they perform in Global Managed Security Services Market on the basis of competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Managed Security Services Market study?

Frequently Asked Questions

Q. What is the historical year, base year and forecast year considered in the research report on UAE Managed Security Services Market?

A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

Q. What are the units or denomination for measuring market value and volume in the report?

A. The market size/industry size or the market value is measured in terms of USD Million.

Q. What would be the growth rate or CAGR of UAE Managed Security Services Market during 2020-25?

A. The growth rate of UAE Managed Security Services Market during 2020-25 is forecast to be around 13%.

Q. Who are the key competitors or players operating in UAE Managed Security Services Market?

A. DTS Solution, Dark Matter, Secureworks, IBM, Cisco, Intel, LLC, eHosting DataFort, Fortinet, Paladion, Emirates Telecommunication Corporation, Etisalat, LogRhythm Inc, Paramount Computer System FZ-LLC, etc. are few of the leading players in the UAE Managed Security Services Market.

Q. Which sector segment would emerge as an opportunity area for players in UAE Managed Security Services Market?

A. BFSI segment is expected to attain the highest CAGR during the forecast period and would maintain its significant market share.

Q. Which service segment would emerge as an opportunity area for players in UAE Managed Security Services Market?

A. The intrusion prevention & detection, security and asset monitoring & management segment grabbed a significant market share and would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of UAE Managed Security Services Market.

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