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The cybersecurity market in the Middle East & Africa was valued at USD 1903.59 million in 2020, and it is expected to reach USD 2,893.4 million by 2026 and register a CAGR of 7.92% during the forecast period of 2021-2026.
The rapid digitalization in the countries, like the United Arab Emirates and Saudi Arabia, has triggered the number of connected devices by opening new gateways for cyberattacks.
Key Highlights
Triggered by the recent low crude oil prices, the governments in the region are increasing investments in information and communication technologies. As a result, most of the social infrastructure, the financial sector, government services, schools, and hospitals in the region are increasingly deploying interconnectivity solutions with minimal attention to the security needs of these developments.
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ResearchAndMarkets.com s offering.
The cybersecurity market in the Middle East & Africa was valued at USD 1903.59 million in 2020, and it is expected to reach USD 2,893.4 million by 2026 and register a CAGR of 7.92% during the forecast period of 2021-2026.
The rapid digitalization in the countries, like the United Arab Emirates and Saudi Arabia, has triggered the number of connected devices by opening new gateways for cyberattacks.
Key Highlights
Triggered by the recent low crude oil prices, the governments in the region are increasing investments in information and communication technologies. As a result, most of the social infrastructure, the financial sector, government services, schools, and hospitals in the region are increasingly deploying interconnectivity solutions with minimal attention to the security needs of these developments.