Middle East & Africa Data Diode Security Products Market

Market Introduction

The Gulf countries are on the verge of adopting transformative digital technologies that demand the integration of security hardware between the networks to transmit data in omnidirectional flow better. The region is an aspiring adopter of technology, digital media, social media, and online entertainment. At present, many countries in the MEA region recognize the potentials of implementing ICT technologies across several industry verticals to enhance the country's socio-economic climate. For instance, Kuwait has taken up several initiatives for the development of e-government. Likewise, Saudi Arabia has been a quick adopter of electronic filing and digital payment systems, realizing a digital economy's potentials. Bahrain, Qatar, and Iran are other few gulf countries leading to digital disruption in the region. The changing consumer preferences in the region result in the rise in internet banking, which demands the integration of security hardware in the network to secure the data at the time of transmission. However, the growing digital payment industry is also attracting malicious actors, resulting in data breaches. Therefore, businesses in the region are focused on implementing the data diode security products to produce a secure, robust, and flexible infrastructure for digital banking and mobile payments. Also, soaring interest for miniaturized data diodes among various industries is expected to create a significant demand for data diode security products in the coming years, which is further anticipated to drive the data diode security products market in MEA.

The ongoing COVID-19 pandemic is adversely affecting the economies across the MEA. Iran, Saudi Arabia, Qatar, South Africa, and the UAE have high number of the COVID-19 cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. Economies in the region, such as the UAE, South Africa and Saudi Arabia are prospective markets for data diode security products owing to the huge presence of diverse customer base for electronics and semiconductor industries. With the adverse effects of the COVID-19 pandemic, the region is anticipated to witness the pressure on economies of various oil-based countries due to falling oil prices. In addition, the factory lockdowns, business shutdowns, and travel restrictions are aggravating the economic problems of the countries in the MEA. Hence, the growth of the MEA data diode security products market has been declined in 2020, and it is expected to continue in 2021.

Market Overview and Dynamics

The data diode security products market in MEA is expected to grow from US$ 32.58 million in 2019 to US$ 43.91 million by 2027; it is estimated to grow at a CAGR of 5.4% from 2020 to 2027.  A rapid digital revolution across the world with high penetration of digital technologies, countries are possessing growth potential and zest for digital innovation to become a prominent digital economy. For this purpose, the companies across the region are undergoing digital transformation. The Internet of Things (IoT) has been implemented in all industries; at present, every buildings and machine, roads and railways, products and processes carry sensors and exchange data. Industrial and machinery plants are connected to the internet, owing to its captivating benefits such as continuous monitoring of operating and sensor data. The industrial plants that transmit data through the internet might be vulnerable. Thus, to prevent plants from vulnerability, the systems must be protected from any forms of unauthorized access. At present, data diodes in the MEA region are highly installed in the oil & gas industry. Various other sectors, such as petrochemical operations, water facilities, power generation sites, and government agencies, deploy data diode security products for the safety of their infrastructure. Thus, the rising deployment of data diode security products in various industrial applications drives the MEA market.  

Key Market Segments

In terms of type, the non-ruggedized data diode segment accounted for the largest share of the MEA data diode security products market in 2019. In terms of application, the government segment held a larger market share of the MEA data diode security products market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the data diode security products market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., Rohde & Schwarz GmbH & Co. VADO Security Technologies Ltd.

Reasons to buy report

• To understand the MEA data diode security products market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA data diode security products market
• Efficiently plan M&A and partnership deals in MEA data diode security products market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA data diode security products market
• Obtain market revenue forecast for data diode security products market by various segments from 2020-2027 in MEA region.

MEA Data Diode Security Products Market Segmentation

MEA Data Diode Security Products Market - By Type

• Non-Ruggedized Data Diode

• Ruggedized Data Diode

MEA Data Diode Security Products Market - By Application

• Government
• Oil & Gas
•  BFSI
• Others

MEA Data Diode Security Products Market - By Country

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

MEA Data Diode Security Products Market - Company Profiles

• BAE Systems
• Belden Inc.
• Fibersystem AB
• Forcepoint
• Fox-IT Holding B.V.
• Rohde & Schwarz GmbH & Co.
• VADO Security Technologies Ltd.

Middle East & Africa Data Diode Security Products Market Strategic Insights

Middle East & Africa Data Diode Security Products Market Segmentation Analysis

Middle East & Africa Data Diode Security Products Market Report Highlights

Middle East & Africa Data Diode Security Products Report Scope

Middle East & Africa Data Diode Security Products Market Country and Regional Insights