Cloud and Wireless Security Are Expected to Outperform for the Middle East Cyber Security Market Growth

Cloud and Wireless Security are Expected to Outperform for the Middle East Cyber Security Market Growth: by Market Research Engine

Florida, May 12, 2016: Market Research Engine (MRE) has published a new research report on “Middle East Cyber Security Market Analysis - Market Drivers, Opportunities, Trends and Forecasts, 2016-2022”.

With its recently published study MRE predicts that cloud security is expected to dominate the Middle East cyber security market followed by wireless security. The rising adoption of the cloud technology from enterprises (small enterprise to larger enterprise) is expected to drive the cloud security market growth in the upcoming years. Wireless security is set to be the second largest market. The rising adoption of mobile applications from government organizations, private organizations, consumers, and emerging digitalization concept are the major drivers expected to drive this market growth. This trend of increasing mobile subscriber base will definitely boost the market.

The Middle East Cyber Security market is expected to grow at a CAGR of 22.5% during the period 2016–2022.

Browse Full Report: http://www.marketresearchengine.com/reportdetails/middle-east-cyber-security-market

As per the market study, Saudi Arabia, Turkey, and UAE countries will outperform for cyber security market growth and Saudi Arabia market revenue is expected to reach $11,950.0 million by 2022. BFSI and Energy & Utilities industries are set to be the major verticals and together they will contribute around 34% of the market share for cyber security market in 2016. The Education & Transportation & logistics industry is set to be an emerging market.

“Predominantly, the factors driving the growth are positive economic conditions, large-scale investments on ICT, mobile security solutions, infrastructure engineering such as smart cities projects, intelligent transportation, travel & tourism, upcoming Dubai EXPO, and FIFA World Cup in Qatar.”

“Currently,...