Middle East and Africa Security Analytics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (On-Premise and Cloud-Based), Application (Network Security Analytics, Endpoint Security Analytics, Application Security Analytics, Web Security Analytics, and Others), Organization Size (Small and Medium Enterprises and Large Enterprises), and Industry (BFSI, Government, Consumer Goods and Retail, IT and Telecom, Healthcare, Energy and Utilities, Manufacturing, and Others)
Market Introduction
The MEA region consists of South Africa, the UAE, Saudi Arabia, and the Rest of MEA. At present, various countries in MEA are recognizing the potentials of implementing information and communication technology (ICT) in different industries to enhance the socio-economic climate of the region For instance, Saudi Arabia has been a quick adopter of digital payment, realizing the potentials of a digital economy. Bahrain, Qatar, and Iran are the other gulf countries leading the charge in online security threats in the region. The changing consumer preferences in the region are increasing digital and mobile payments. As technology is evolving, the cases of cyber threats are also increasing due to the generation of heaps of data. This drives the need for advanced threat intelligence solutions across the MEA region. The increasing internet penetration across the region is expected to drive the need for security services and technology.
Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are the leading countries that faced the economic effects of COVID-19 in this region in 2020. With the COVID-19 pandemic spreading through countries mentioned above, it is becoming apparent that few can avoid its effects, posing significant challenges for all sectors, including food & beverages, retail, and medical systems. Further, many small and medium-sized enterprises (SMEs) in several Middle East states are facing challenges in running the business.
Market Overview and Dynamics
The security analytics market in MEA is expected to grow from US$ 429.38 million in 2021 to US$ 992.58 million by 2028; it is estimated to grow at a CAGR of 12.7% from 2021 to 2028. in South Africa, in 2020, 56.3% of the South African population were internet users. This share is projected to grow to 62.3% by 2025. Thus, with the continuous growth of internet users, the companies are also transforming their businesses to digital platforms. Further, the rapid adoption of e-commerce, social media, and advanced technologies such as artificial intelligence and IoT has widened the platform for cyberattacks due to the huge amount of data generation. This drives the need for advanced threat intelligence solutions (security analytics) across the MEA region.
Key Market Segments
MEA security analytics market is segmented into component, deployment, application, organization size, industry, and country. Based on component, the MEA security analytics market is bifurcated into solution and services. In 2020, the solution segment led the MEA security analytics market, accounting for a larger security analytics market share. Based on deployment, the MEA security analytics market is bifurcated into on-premise and cloud-based. In 2020, the cloud-based segment accounted for a larger security analytics market share. Based on application, the MEA security analytics market is segmented into network security analytics, endpoint security analytics, application security analytics, web security analytics, and others. In 2020, the network security analytics segment accounted for the largest security analytics market share. Based on organization size, the MEA security analytics market is bifurcated into small and medium enterprises and large enterprises. In 2020, the large enterprises segment accounted for a larger security analytics market share. Based on industry, the MEA security analytics market is segmented into BFSI, government, consumer goods and retail, IT and telecom, healthcare, energy and utilities, manufacturing, and others. In 2020, the BFSI segment accounted for the largest security analytics market share. Based on country, the MEA security analytics market is segmented into Saudi Arabia, South Africa, UAE, and Rest of MEA. Saudi Arabia held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the security analytics 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 Broadcom, Inc.; Cisco Systems, Inc.; Hewlett Packard Enterprise Development LP (HPE); Huntsman Corporation; IBM Corporation; McAfee, LLC; RSA Security LLC; SolarWinds Worldwide, LLC; and Splunk, Inc.
Reasons to buy report
- To understand the MEA security analytics 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 security analytics market.
- Efficiently plan M&A and partnership deals in MEA security analytics 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 security analytics market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Security Analytics Market Segmentation
MEA Security Analytics Market - By Component
- Solution
- Services
MEA Security Analytics Market - By Deployment
- On-Premise
- Cloud-Based
MEA Security Analytics Market - By Application
- Network Security Analytics
- Endpoint Security Analytics
- Application Security Analytics
- Web Security Analytics
- Others
MEA Security Analytics Market - By Organization Size
- Small and Medium Enterprises
- Large Enterprises
MEA Security Analytics Market - By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Security Analytics Market - Company Profiles
- Broadcom, Inc.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Development LP (HPE)
- Huntsman Corporation
- IBM Corporation
- McAfee, LLC
- RSA Security LLC
- SolarWinds Worldwide, LLC
- Splunk, Inc.
Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Security Analytics Market – By Component
1.3.2 MEA Security Analytics Market – By Deployment
1.3.3 MEA Security Analytics Market – By Application
1.3.4 MEA Security Analytics Market – By Organization Size
1.3.5 MEA Security Analytics Market – By Industry
1.3.6 MEA Security Analytics Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Security Analytics Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Security Analytics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Incidences of Cyber Threats and Security Breaches Rising Significantly
5.1.2 Advanced Technologies Getting Popular
5.2 Market Restraints
5.2.1 Skilled IT Security Personals Shortage Including Improper Allocation of IT Security Budgets
5.3 Market Opportunities
5.3.1 Remarkable Use of Big Data and Cloud-Based Infrastructure
5.4 Future Trends
5.4.1 Upswing in Number of Internet Users in MEA
5.5 Impact Analysis of Drivers and Restraints
6. Security Analytics Market – MEA Analysis
6.1 MEA Security Analytics Market Overview
6.2 MEA Security Analytics Market Forecast and Analysis
7. MEA Security Analytics Market Analysis – By Component
7.1 Overview
7.2 MEA Security Analytics, by Component (2020 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Security Analytics Market – By Deployment
8.1 Overview
8.2 MEA Security Analytics, by Deployment (2020 and 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud-Based
8.4.1 Overview
8.4.2 Cloud-Based: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Security Analytics Market – By Application
9.1 Overview
9.2 MEA Security Analytics, by Application (2020 and 2028)
9.3 Network Security Analytics
9.3.1 Overview
9.3.2 Network Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Endpoint Security Analytics
9.4.1 Overview
9.4.2 Endpoint Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Application Security Analytics
9.5.1 Overview
9.5.2 Application Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Web Security Analytics
9.6.1 Overview
9.6.2 Web Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Security Analytics Market – By Organization Size
10.1 Overview
10.2 MEA Security Analytics, by organization size (2020 and 2028)
10.3 Small and Medium Enterprises
10.3.1 Overview
10.3.2 Small and Medium Enterprises: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Large Enterprises
10.4.1 Overview
10.4.2 Large Enterprises: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11. MEA Security Analytics Market – By Industry
11.1 Overview
11.2 MEA Security Analytics, by industry (2020 and 2028)
11.3 Banking, Financial Services and Insurance (BFSI)
11.3.1 Overview
11.3.2 BFSI: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.4 Government
11.4.1 Overview
11.4.2 Government: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.5 IT and Telecom
11.5.1 Overview
11.5.2 IT and Telecom: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.6 Healthcare
11.6.1 Overview
11.6.2 Healthcare: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.7 Energy and Utilities
11.7.1 Overview
11.7.2 Energy and Utilities: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.8 Consumer Goods and Retail
11.8.1 Overview
11.8.2 Consumer Goods and Retail: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.9 Manufacturing
11.9.1 Overview
11.9.2 Manufacturing: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
11.10 Others
11.10.1 Overview
11.10.2 Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12. MEA Security Analytics Market – Country Analysis
12.1 Overview
12.1.1 MEA: Security Analytics Market, by Country
12.1.1.1 South Africa: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 South Africa: Security Analytics Market, by Component
12.1.1.1.2 South Africa: Security Analytics Market, by Deployment
12.1.1.1.3 South Africa: Security Analytics Market, by Application
12.1.1.1.4 South Africa: Security Analytics Market, by Organization Size
12.1.1.1.5 South Africa: Security Analytics Market, by Industry
12.1.1.2 Saudi Arabia: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 Saudi Arabia: Security Analytics Market, by Component
12.1.1.2.2 Saudi Arabia: Security Analytics Market, by Deployment
12.1.1.2.3 Saudi Arabia: Security Analytics Market, by Application
12.1.1.2.4 Saudi Arabia: Security Analytics Market, by Organization Size
12.1.1.2.5 Saudi Arabia: Security Analytics Market, by Industry
12.1.1.3 UAE: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 UAE: Security Analytics Market, by Component
12.1.1.3.2 UAE: Security Analytics Market, by Deployment
12.1.1.3.3 UAE: Security Analytics Market, by Application
12.1.1.3.4 UAE: Security Analytics Market, by Organization Size
12.1.1.3.5 UAE: Security Analytics Market, by Industry
12.1.1.4 Rest of MEA: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 Rest of MEA: Security Analytics Market, by Component
12.1.1.4.2 Rest of MEA: Security Analytics Market, by Deployment
12.1.1.4.3 Rest of MEA: Security Analytics Market, by Application
12.1.1.4.4 Rest of MEA: Security Analytics Market, by Organization Size
12.1.1.4.5 Rest of MEA: Security Analytics Market, by Industry
13. Security Analytics Market - COVID-19 Impact Analysis
13.1 MEA
14. Security Analytics Market - Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Merger and Acquisition
15. Company Profiles
15.1 IBM Corporation
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Hewlett Packard Enterprise Development LP (HPE)
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Cisco Systems, Inc.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Broadcom, Inc.
15.4.1 1.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 McAfee, LLC
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Splunk, Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Huntsman Corporation
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 SolarWinds Worldwide, LLC
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 RSA Security LLC
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Glossary
LIST OF TABLES
Table 1. MEA Security Analytics Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. South Africa: Security Analytics Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Security Analytics Market, by Services – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. South Africa: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 8. Saudi Arabia: Security Analytics Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Security Analytics Market, by Services –Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 11. Saudi Arabia: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Saudi Arabia: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 13. Saudi Arabia: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 14. UAE: Security Analytics Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 15. UAE: Security Analytics Market, by Services –Revenue and Forecast to 2028 (US$ Million)
Table 16. UAE: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 17. UAE: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. UAE: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 19. UAE: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of MEA: Security Analytics Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of MEA: Security Analytics Market, by Services –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of MEA: Security Analytics Market, by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of MEA: Security Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of MEA: Security Analytics Market, by Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of MEA: Security Analytics Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 26. Glossary of Terms, Security Analytics Market
LIST OF FIGURES
Figure 1. MEA Security Analytics Market Segmentation
Figure 2. MEA Security Analytics Market Segmentation – By Country
Figure 3. MEA Security Analytics Market Overview
Figure 4. MEA Security Analytics Market, By Component
Figure 5. MEA Security Analytics Market, By Deployment
Figure 6. MEA Security Analytics Market, By Application
Figure 7. MEA Security Analytics Market, By Organization Size
Figure 8. MEA Security Analytics Market, By Country
Figure 9. MEA PEST Analysis
Figure 10. MEA Security Analytics Market Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. MEA Security Analytics Market Impact Analysis of Drivers and Restraints
Figure 13. MEA Security Analytics Market, Forecast and Analysis (US$ Mn)
Figure 14. MEA Security Analytics Market Revenue Share, by Component Type (2020 and 2028)
Figure 15. MEA Solution: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Services: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Security Analytics Market Revenue Share, by Deployment (2020 and 2028)
Figure 18. MEA On-Premise: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Cloud-Based: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Security Analytics Market Revenue Share, by Application (2020 and 2028)
Figure 21. MEA Network Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Endpoint Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Application Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Web Security Analytics: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Security Analytics Market Revenue Share, by Organization Size (2020 and 2028)
Figure 27. MEA Small and Medium Enterprises: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Large Enterprises: Security Analytics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA Security Analytics Market Revenue Share, by Industry (2020 and 2028)
Figure 30. MEA BFSI: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. MEA Government: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. MEA IT and Telecom: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. MEA Healthcare: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. MEA Energy and Utilities: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. MEA Consumer goods and retail: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. MEA Manufacturing: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. MEA Others: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. MEA: Security Analytics Market, by Key Country– Revenue (2020) (US$ Million)
Figure 39. MEA: Security Analytics Market Revenue Share, by Country (2020 and 2028)
Figure 40. South Africa: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Saudi Arabia: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. UAE: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of MEA: Security Analytics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Impact of COVID-19 Pandemic in MEA Country Markets
- Broadcom, Inc.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Development LP (HPE)
- Huntsman Corporation
- IBM Corporation
- McAfee, LLC
- RSA Security LLC
- SolarWinds Worldwide, LLC
- Splunk, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA security analytics market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA security analytics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the security analytics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution