At 6.2% CAGR, the Middle East & Africa Endpoint Security Market is projected to be worth US$ 963.31 million by 2028, says Business Market Insights   

According to Business Market Insights’ research, the Middle East & Africa endpoint security market was valued at US$ 672.80 million in 2022 and is expected to reach US$ 963.31 million by 2028, registering a CAGR of 6.2% from 2022 to 2028. Scaling inclination toward cloud-based security endpoint solutions across enterprises and extending edge computing trend to boost endpoint security demand are the critical factors attributed to the market expansion.                 

Cloud computing is transforming modern workplaces in diverse industry verticals by enhancing security, IT, and DevOps, which is accelerating the development of innovative solutions and services for enhanced user experience. Owing to the potential benefits of cloud computing, the adoption of cloud-based solutions among enterprises has been growing rapidly in the past few years. The continuously evolving cloud architectures, algorithms, and integration of advanced features in cloud solutions fuel the adoption of these solutions in BFSI, IT & telecom, retail, manufacturing, automotive, and other diverse industry verticals. Cloud deployment through cloud-based security endpoint solutions is an attractive and easy option for companies as it provides them easy scalability and operational flexibility and offers several benefits such as need-basis payment, regular data backup, high security, comparatively low capital & operations costs, reduced operational risks, and instant provisioning features. Further, the complex functions and high maintenance costs of on-premise solutions are also contributing to the adoption of cloud-based solutions. With many companies offering cloud-based unified endpoint management (UEM) solutions, such as MobileIron; Citrix Systems, Inc.; IBM Corporation; Microsoft Corporation; and VMware, Inc., the demand for cloud-based solutions over on-premise solutions is projected to grow significantly, especially among SMEs over the forecast period. For instance, in August 2022, Microsoft Corporation developed two new Windows 11 previews to the Windows Insider Beta Channel with improvements to Defender for Endpoint's ransomware protection and other fixes. Such developments in cloud-based security endpoint solutions are expected to fuel the endpoint security market growth.

On the contrary, dynamic landscape of the endpoint attacks hurdles the growth of Middle East & Africa endpoint security market.   

Based on solution, the Middle East & Africa endpoint security market is segmented into antivirus, antispyware, antimalware; firewall; endpoint device control; intrusion prevention; and endpoint application control. The antivirus, antispyware, antimalware segment held 45.0% market share in 2022, amassing US$ 225.99 million. It is projected to garner US$ 292.64 million by 2028 to expand at 4.4% CAGR during 2022–2028.

Based on services, the Middle East & Africa endpoint security market is segmented into consulting, training & support, and managed services. The managed services segment held 40.8% market share in 2022, amassing US$ 69.57 million. It is projected to garner US$ 120.08 million by 2028 to expand at 9.5% CAGR during 2022–2028.

Based on deployment, the Middle East & Africa endpoint security market is bifurcated into cloud and on-premise. The on-premise segment held 53.7% market share in 2022, amassing US$ 361.12 million. It is projected to garner US$ 489.66 million by 2028 to expand at 5.2% CAGR during 2022–2028.

Based on vertical, the Middle East & Africa endpoint security market is categorized into government and defense, BFSI, retail, IT & telecom, healthcare, energy & utilities, education, and others. The IT & telecom segment held 25.1% market share in 2022, amassing US$ 168.92 million. It is projected to garner US$ 258.67 million by 2028 to expand at 7.4% CAGR during 2022–2028.

Based on country, the Middle East & Africa endpoint security market has been segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 36.6% market share in 2022. It was assessed at US$ 246.47 million in 2022 and is likely to hit US$ 376.83 million by 2028, exhibiting a CAGR of 7.3% during the forecast period.  

Key players dominating the Middle East & Africa endpoint security market are AO Kaspersky Lab; Avast Software s.r.o.; Cisco Systems, Inc.; ESET, spol. s r.o.; Fortinet, Inc.; McAfee, LLC; Microsoft Corporation; and Palo Alto Networks, Inc., among others.

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