At 9.3% CAGR, Middle East & Africa Unified Threat Management Market is Projected to be Worth US$ 681.71 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa unified threat management market was valued at US$ 334.59 million in 2022 and is expected to reach US$ 681.71 million by 2030, registering a CAGR of 9.3% from 2022 to 2030. Digitalization in healthcare and increasing deployment of cloud technology are among the critical factors attributed to the Middle East & Africa unified threat management market expansion.

Healthcare institutions are undergoing a significant digital transformation involving a mounting reliance on technology to deliver patient care and critical services. The rising digitalization in the healthcare industry offers access to medical information and services from anytime, anywhere, and ensures timely and efficient patient care. Digitalization has resulted in the introduction of several tools and methods for enhancing healthcare services. These tools help to keeps the record of patients' information and health-related data accessible to doctors as well as patients. However, due to growing digitalization in healthcare systems, the industry has become prone to various kinds of cyberattacks and threats. For instance, according to Check Point Software Technologies Ltd's Check Point Research (CPR), healthcare institutions experienced 1,426 weekly attacks in 2022, an increase of over 60% compared to 2021. Thus, the rising threats of cyberattacks and digitalization in the healthcare industry can generate the demand for enhanced security solutions. A unified threat management solution can protect healthcare institutions from attacks such as distributed denial of service (DDoS), ransomware, phishing, and malware. Thus, digitalization in the healthcare system creates lucrative opportunities for the Middle East & Africa unified threat management market growth.

On the contrary, growing number of integrated solution hampers the growth of Middle East & Africa unified threat management market.

Based on component, the Middle East & Africa unified threat management market is bifurcated into solution and services. The solution segment held 80.6% share of the Middle East & Africa unified threat management market in 2022, amassing US$ 269.81 million. It is projected to garner US$ 572.16 million by 2030 to expand at 9.9% CAGR during 2022-2030.

In terms of deployment, the Middle East & Africa unified threat management market is bifurcated into cloud and on-premise. The cloud segment held 71.6% share of the Middle East & Africa unified threat management market in 2022, amassing US$ 239.64 million. It is estimated to garner US$ 516.30 million by 2030 to expand at 10.1% CAGR during 2022-2030.

By enterprise size, the Middle East & Africa unified threat management market is bifurcated into large enterprises and SMEs. The large enterprises segment held 67.6% share of Middle East & Africa unified threat management market in 2022, amassing US$ 226.06 million. It is predicted to garner US$ 451.41 million by 2030 to expand at 9.0% CAGR during 2022-2030.

In terms of end users, the Middle East & Africa unified threat management market is segmented into BFSI, manufacturing, healthcare, retail, government, IT & Telecom, and others. The IT & Telecom segment held 27.3% share of the Middle East & Africa unified threat management market in 2022, amassing US$ 91.43 million. It is estimated to garner US$ 192.39 million by 2030 to expand at 9.7% CAGR during 2022-2030.

Based on country, the Middle East & Africa unified threat management market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE held 38.5% share of Middle East & Africa unified threat management market in 2022, amassing US$ 128.95 million. It is projected to garner US$ 265.90 million by 2030 to expand at 9.5% CAGR during 2022-2030.

Key players operating in the Middle East & Africa unified threat management market are Fortinet Inc, Sophos Ltd., Cisco Systems Inc, Juniper Networks Inc, Huawei Technologies Co Ltd, and Check Point Software Technologies Ltd, among others.

2022:Juniper Networks, a leader in secure, AI-driven networks, has been chosen by Telef