Services Segment to Dominate MEA Network Security Firewall Market During The Forecast Period (2019 – 2027)

According to a new market research study on “MEA Network Security Firewall Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component and Deployment,” is expected to reach US$ 846.9 million by 2027 from US$ 254.7 million in 2018. The market is estimated to grow at a CAGR of 14.4% from 2019 to 2027. The report provides trends prevailing in the MEA network security firewall market along with the drivers and restraints pertaining to the market growth. Investments on robust security measures and rising demand in SMS firewall are the two major factors driving the growth of the MEA network security firewall market. However, lack of skilled labour hinder the growth of MEA network security firewall market.

In MEA, South Africa has the highest number of COVID-19 confirmed cases, and Saudi Arabia and UAE follow it among other countries. UAE was the first country in MEA to report a confirmed case of coronavirus. The majority of the business in these countries have come to a halt and is expected to continue slower than usual pace because of not easily availability of retailers, suppliers, authorized sales representatives, and manufacturers. It has interfered with the supply of goods. It has made it harder for business to operate. These factors are expected to adversely impact the network security firewall providers business in MEA region. Along with that the tourism, capital market, and oil prices hit by the coronavirus have a high negative impact on Gulf countries. Many MEA countries relay on tourism and oil revenue. Saudi Arabia and UAE saw a significant decline in tourists in the pilgrimage season. Iran has emerged as the most affected state. With the increasing cases of COVID-19, the Middle East resulting in concerns about the healthcare system’s capacity to confront the pandemic. The GDP growth rate in the Gulf Cooperation Council (GCC) countries is expected to decline in the range of 0.5% to 1.25. An epidemiological threat of novel coronavirus has disruptive effects on the economy.

The market for network security firewall market is segmented into component, deployment, and country. Based on component, the market is segmented into solution and services. In 2018, the solution segment held the largest share in MEA network security firewall market. Similarly, based on deployment, the market is bifurcated into on-premise and cloud. The cloud segment contributed a substantial share in 2018.

Adaptive Mobile security; AMD Telecom S.A.; ANAM Technologies; Cellusys; Cisco Systems, Inc.; Mobileum Inc.; Omobio (Pvt) Ltd; SAP SE; and Symsoft AB (Sinch) are among the leading companies in the MEA network security firewall market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Mobileum Inc. through MegaFon announced RAID Risk Platform used to safeguard maximum control of business risks as well as enhance the profitability with the help of 5G networks and LTE Advanced.

MEA Network Security Firewall Market, By Country, 2018 and 2027 (%)

The report segments the MEA Network Security Firewall market as follows:

MEA Network Security Firewall Market – By Component

• Solution
  • SMS
    • A2PSMS
    • P2ASMS
  • Signalling
    • SS7
    • Diameter
• Services

 
MEA Network Security Firewall Market – By Deployment

• On-Premise
• Cloud

MEA Network Security Firewall Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA