"Smart Strategies, Giving Speed to your Growth Trajectory"

Middle East and Africa Cyber Security Market Size, Share & COVID-19 Impact Analysis, By Security Type (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Application Security, and Others (Internet Security)), By Enterprise Size (Small & Medium-sized Enterprises and Large Enterprises), By Industry (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities, and Others), and Regional Forecast, 2023-2030

Region : Middle East | Format: PDF | Report ID: FBI107432



Play Audio Listen to Audio Version

The Middle East and Africa is the second-largest region in the global cyber security market. The Middle East and Africa market is projected to grow at a CAGR of 16.2% during the forecast period. The global market size is projected to grow from USD 153.65 billion in 2022 to USD 424.97 billion by 2030.

Cyber security has become an important topic with rapid technological advances in Saudi Arabia. The country has increased its investment in cyber security for years to safeguard the safety and security of its citizens. The government placed strong legal frameworks to protect data and works from updating the government's cyber security system continually.

Additionally, the increasing use of technology in Saudi Arabia surges the demand for cyber security solutions. These factors are contributing to the increased rate of cyber-attacks. The governments are investing in new solutions to identify and protect cyber-attacks for businesses. For instance, according to the IDC report, 45% of Saudi organizations have implemented advanced security measures and 48% are in development. Cyber security will continue to be a strategic priority for Saudi Arabia and for businesses to avoid costly breaches financially and reputational.

Additionally, the Saudi government has formed several regulatory frameworks and laws to protect businesses from cyber threats. The Kingdom of Saudi Arabia is identifying the need for robust cyber security measures focusing on security objectives. For instance, the Kingdom of Saudi Arabia has introduced the CyberIC initiative to support the nation's cyber security position. This program will provide a platform for 40 start-ups specializing in this field and increase the growth of 20 new companies through the cyber security challenge.

Our report on the Middle East and Africa market covers the following countries/regions – Turkey, Israel, GCC, North Africa, South Africa, and Rest of Middle East and Africa.


Rapid Digitalization and Growing Concerns Regarding Cyberattacks to Act as a Key Trend

The increased smartphone penetration and growing technological requirement are expected to increase the market growth. Also, increased digitalization through industry verticals is predicted to propel the demand for cyber security across organizations. Various organizations observe an increase in the incidences of cyberattacks, thus driving the market growth across the region.


Rise in Demand for Cyber Insurance Fuels the Market Growth

Businesses consider the risk management processes to mitigate and respond to cyber risks; these are increasingly considered as the benefits of cyber insurance. During the COVID-19 pandemic, an increase in cyber-attacks across all sectors increased the focus of legislators and regulators across the region, thus creating an interest in cyber-insurance products. Increased growth in the number of insurers entering the cyber insurance market is expected to increase the interest in cyber-insurance.


Inadequate Budget for Installing Cyber Security Software Hinders the Market Growth

Cyber security software solutions are less comprehensive and have no proper alignment regarding business objectives and security protocols. Moreover, cyber security systems emphasize protecting external threats more than internal ones. Various reasons, such as lack of experts and professionals in emerging and evolving security solutions, are key detaining factors. The high cost of applying and updating internet security solutions and services hampers the adoption of Small & Medium Enterprises (SMEs).


In terms of the competitive landscape, LoopTech, CEBR, Digital Security Company (DigiSec), Clever Solutions, and EMTECH are the key players in the Middle East and Africa market, focused on strengthening their product portfolio. Active involvement and distribution network through strategic collaboration and partnerships for the acceleration of product launches increase the Middle East and Africa cyber security market share.


  • LoopTech (Saudi Arabia)

  • CEBR (Saudi Arabia)

  • Digital Security Company (DigiSec) (Saudi Arabia)

  • Clever Solutions (Saudi Arabia)



  • March 2023: CYMAR Management Ltd. partnered with Saiber Innovation Technologies, a Smart Port technology company, to increase cyber insurance needs for the UAE's global maritime and logistics sector. This partnership will address the demanding cyber insurance needs of the sector that will be vulnerable to cyber-attack.

  • February 2023: EMTECH announced a partnership agreement with KnowBe4, the security awareness training provider and simulated phishing platform. This partnership will allow EMTECH to integrate with KnowBe4's security awareness training and simulated phishing platform expertise and safeguard their IT network from human errors in the UAE market.

  • February 2023: du, an Emirates Integrated Telecommunications Company (EITC), announced a Memorandum of Understanding (MoU) with Cisco to develop the digital transformation of the company, to transform from a service provider to a leading digital telco. This partnership will enhance du's network performance, strengthen managed services and secure quantum-ready network, AI, and automation across the UAE with telco's digital transformation.


To gain extensive insights into the market, Request for Customization

The Middle East and Africa cyber security market research report provides qualitative and quantitative insights into the market and a detailed analysis of the Middle East and Africa market size & growth rate for all possible segments in the market. The research report elaborates on the market dynamics and competitive landscape along with the market forecast. Various key insights presented in the report are an overview of the adoption of technology, an overview of price analysis, an overview of the regulatory scenario by key countries, new product launches, and key industry developments – mergers, acquisitions & partnerships.

Report Scope & Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 16.2% from 2023 to 2030


Value (USD Billion)


By Security Type, Enterprise Size, Industry, and Country

By Security Type

  • Network Security

  • Cloud Application Security

  • End-point Security

  • Secure Web Gateway

  • Application Security

  • Others (Internet Security, Etc.)

By Enterprise Size

  • Small & Medium Enterprises (SMEs)

  • Large Enterprises

By Industry

  • BFSI

  • IT and Telecommunications

  • Retail

  • Healthcare

  • Government

  • Manufacturing

  • Travel and Transportation

  • Energy and Utilities

  • Others

By Region

  • Middle East and Africa (Enterprise Size, Security Type, Industry, Country)

    • Turkey (By Industry)

    • Israel (By Industry)

    • GCC (By Industry)

    • North Africa (By Industry)

    • South Africa (By Industry)

    • Rest of Middle East and Africa

Frequently Asked Questions

Growing at a CAGR of 16.2%, the market will exhibit steady growth in the forecast period (2023-2030).

Rise in demand for cyber-insurance fuels the market growth.

LoopTech, CEBR, Digital Security Company (DigiSec), Clever Solutions, and EMTECH are the major market players in the Middle East and Africa.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Apr, 2023
  • 2022
  • 2019-2021
  • 110

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients


Related Reports

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.