DUBLIN–(BUSINESS WIRE)–Apr 26, 2019–The “The Middle East and Africa Cybersecurity Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.
The Middle East and Africa cybersecurity market is predicted to expand at a CAGR of 11.9%, and is expected to be valued at USD 23.4 Bn by 2023.
Robust digitalization in verticals like banking and financial services, the government sector, and oil and gas industries has consequently triggered the risk of cyber-attacks. Individuals, businesses, and the governments of countries across the Middle East and Africa region have fallen prey to numerous cybercrimes, including malware emails and software that hold victims’ data to ransom. Thus, the primary reason behind the cybersecurity market’s exponential growth rate is improved awareness, and the adoption of various cybersecurity services that are needed to safeguard smart grid devices, digitalized businesses, and IoT-based smart cities.
Segmentation based on solutions
Based on solutions, the identity and access management (IAM) segment are predicted to expand at the highest CAGR (14.5%) during the 2018-2023 period. Across the region, a number of companies are…
