Middle East & Africa Phishing Protection Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 144 | Report Code: BMIRE00031973 | Category: Technology, Media and Telecommunications
No. of Pages: 144 | Report Code: BMIRE00031973 | Category: Technology, Media and Telecommunications
The Middle East & Africa phishing protection market was valued at US$ 151.93 million in 2023 and is expected to reach US$ 332.09 million by 2031; it is estimated to register a CAGR of 10.3% from 2023 to 2031.
An increasing number of organizations are utilizing more active, adaptive phishing protection systems due to technological advancements in this area, which helps them keep up with new threats. Behavioral analysis in phishing protection involves monitoring and analyzing user behavior patterns by examining e-mail content. It also involves reviewing network traffic to identify anomalies. These anomalies may indicate phishing attempts. User behavior analytics (UBA) systems analyze an individual user's typical e-mail interactions. They flag deviations that might indicate a compromised account or a phishing attempt. A few examples of behavior analytics feature integrated in phishing protection systems are as follows:
Vendors are increasingly focusing on developing more intelligent, adaptive solutions. These advanced systems can detect novel and sophisticated phishing attempts. Thus, the integration of behavioral analysis capability is emerging as a significant trend in the phishing protection market.
Increasing digitization, rising cyber threats, and growing cybersecurity awareness are the prime factors bolstering the growth of the phishing protection market in the Middle East & Africa. Digital transformation projects across the region, particularly in the UAE and Saudi Arabia, make them susceptible to phishing attacks. The finance and banking sector, a typical victim of phishing incidences, is investing significantly in security measures. For instance, in 2023, the National Bank of Egypt installed e-mail filters to decrease phishing attacks by 65%. Organizations are also enhancing their cybersecurity measures in accordance with government regulations such as the UAE's National Cybersecurity Strategy and South Africa's Protection of Personal Information Act (POPIA). As cyber threats evolve, the Middle East & Africa is expected to see more investment in advanced, AI-powered phishing protection systems, along with taking measures to run effective campaigns for cybersecurity education and awareness, during the forecast period.
The Middle East & Africa phishing protection market is categorized into offerings, deployment, type, enterprise size, vertical, and country.
Based on offerings, the Middle East & Africa phishing protection market is bifurcated into solution and services. The solution segment held a larger market share in 2023.
In terms of deployment, the Middle East & Africa phishing protection market is bifurcated into on-premises and cloud. The cloud segment held a larger market share in 2023.
By type, the Middle East & Africa phishing protection market is bifurcated into email-based phishing and non-email-based phishing. The email-based phishing segment held a larger market share in 2023.
Based on enterprise size, the Middle East & Africa phishing protection market is bifurcated into large enterprises and small and medium enterprises. The large enterprises segment held a larger market share in 2023.
In terms of vertical, the Middle East & Africa phishing protection market is categorized into BFSI, media and entertainment, it and telecom, retail and e-commerce, government and public sector, and others. The BFSI segment held the largest market share in 2023.
By country, the Middle East & Africa phishing protection market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa phishing protection market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 151.93 Million |
| Market Size by 2031 | US$ 332.09 Million |
| Global CAGR (2023 - 2031) | 10.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Offerings
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
Microsoft Corp; Cisco Systems Inc; Open Text Corp; Barracuda Networks, Inc.; SlashNext, Inc.; Ironscales; Proofpoint Inc; Mimecast Services Limited; Paubox, Inc; and Trustwave Holdings, Inc. are some of the leading companies operating in the Middle East & Africa phishing protection market.
The Middle East & Africa Phishing Protection Market is valued at US$ 151.93 Million in 2023, it is projected to reach US$ 332.09 Million by 2031.
As per our report Middle East & Africa Phishing Protection Market, the market size is valued at US$ 151.93 Million in 2023, projecting it to reach US$ 332.09 Million by 2031. This translates to a CAGR of approximately 10.3% during the forecast period.
The Middle East & Africa Phishing Protection Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Phishing Protection Market report:
The Middle East & Africa Phishing Protection Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Phishing Protection Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Phishing Protection Market value chain can benefit from the information contained in a comprehensive market report.
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