Middle East Cybersecurity 2024 Market Insights™

July, 2024

This report identifies key demand-side trends in the Middle East cybersecurity space that can help enterprises fine-tune their cybersecurity strategies. It also provides an overview of enterprise challenges in this region based on Avasant’s assessment.

Why read this Market Insights?

Amid rapid digitalization, the Middle East cybersecurity market is booming, driven by emerging cyber threats and stringent government regulations to protect data and build citizen trust. Regional enterprises are addressing the cybersecurity talent shortage by updating university curricula and organizing cyber awareness workshops. Businesses in the GCC region see AI as an essential capability for safeguarding citizen data and are investing in AI-enabled cyber startups while exploring the possibilities of generative AI implementation. They are also enhancing the operational technology/IoT and email security environment with global security solutions while collaborating with ecosystem partners.

The Middle East Cybersecurity 2024 Market Insights™ aids Middle East enterprises in identifying important market trends and challenges for any digital project that they take part in.

Methodology

The cybersecurity insights presented in this report are based on our ongoing interactions with enterprise CXOs and other key executives, targeted discussions with service providers, subject matter experts, and Avasant Fellows, analyst insights from primary and secondary research, and lessons learned from consulting engagements.

Table of contents

About the report (Page 3)

Demand-side trends (Pages 4–10)

    • Middle Eastern governments are bolstering their cyber strength to support the dynamic digital landscape and elevate smart city competencies
    • GCC region-driven digital initiatives require reinforced cybersecurity to protect assets and foster sustainable growth
    • Middle Eastern governments continue to implement regulations and fortify regional security via national councils to safeguard data and build citizen trust
    • Enterprises are consulting universities for cyber curricula and organizing workshops and accelerator programs to empower local talent with cyber skills
    • Regional entities are switching to AI investments to augment their cybersecurity capabilities while exploring the potential of Gen AI in cyberspace
    • Ecosystem players are bringing global capabilities to the Middle East to strengthen IT/OT security, threat detection, email security, and cyber compliance

Key contacts (Page 12)

CONTACT US

DISCLAIMER:

Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.

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