Middle East and Africa Endpoint Security Market Size Expanding at CAGR of 6.16% to Surpass USD 1 Billion by 2030

Published | 16 January 2024

Middle East and Africa Endpoint Security Market is flourishing due to the rising endpoint attacks and breaches and increasing remote workforce.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Endpoint Security Market size at USD 749.11 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Endpoint Security Market size to expand at a CAGR of 6.16% reaching a value of USD 1,072.35 million by 2030. The Endpoint Security Market in the Middle East and Africa region is propelled by the growing adoption of cloud-based security solutions among enterprises. Cybersecurity has become a paramount concern in the region, leading to consistent investments to ensure citizens' safety. Governments have implemented robust legal frameworks and are committed to updating national cybersecurity systems. The integration of technology in Saudi Arabia has surged, heightening the demand for cybersecurity solutions and consequently, an increase in cyberattacks. Governments respond with active investments in innovative solutions to identify and mitigate cyber threats to businesses. Initiatives like Dubai Internet City (DIC) and KSA Vision 2030 aim at comprehensive digitalization, fostering connectivity in sectors like smart buildings and transportation. The 2022 FIFA World Cup in Qatar raised concerns about potential cyberattacks, emphasizing the need for enhanced cybersecurity solutions. The region's increasing digitization accentuates the vital need to safeguard networks, endpoints, data, and various elements from potential cyber threats.

Opportunity - Increasing number of endpoints and BYOD trend

In the modern landscape, smartphones and tablets have become indispensable tools for individuals and organizations alike, contributing to a significant surge in endpoints, especially as employees increasingly use smartphones for work. However, this ubiquity introduces new attack vectors and data security challenges, from Trojans to viruses and beyond. Alarmingly, 96% of mobile devices lack pre-installed security software, with about 65% of vulnerabilities residing in the application layer. Mobiles, by the end of 2018, topped the list of potential gateways for infiltration and hacking attempts. The Bring Your Own Device (BYOD) era further heightens cyber risks, evidenced by a 33% increase in mobile ransomware prevalence in 2018, as per Symantec's ISTR 2019 report. Enterprises respond by increasingly adopting endpoint security solutions to fortify networks and provide secure access to confidential information, acknowledging the impact of rising mobile and wireless device use, enhanced global connectivity infrastructure, and declining mobile device costs on the Endpoint Security Market.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Endpoint Security Market   

Escalating geopolitical tensions, exacerbated by the Russia-Ukraine war, have significantly impacted the Middle East and Africa Endpoint Security Market. Heightened global uncertainties have led to increased demand for advanced security solutions, propelling the market's growth. The region's strategic location and geopolitical stability concerns have prompted a surge in investments to fortify critical infrastructure and enhance security. Security system integrators are witnessing a spike in demand for cutting-edge technologies, such as AI-driven surveillance and cybersecurity, as the region seeks to bolster its defense against potential threats. However, the increased geopolitical tensions also introduce challenges, including supply chain disruptions and economic uncertainties, which may affect the market's growth trajectory in the short term.

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Middle East and Africa Endpoint Security Market

Segmental Information

Middle East and Africa Endpoint Security Market – By Deployment

By product, the Middle East and Africa Endpoint Security Market is divided into On-premises and Cloud segments. The cloud segment is expected to hold a higher share in the Middle East and Africa Endpoint Security Market by deployment during the forecast period. Cloud computing is revolutionizing workplaces across various industry verticals by enhancing security, IT, and DevOps, fostering innovative solutions for an improved user experience. The rapid adoption of cloud-based solutions is evident in BFSI, IT & telecom, retail, manufacturing, automotive, and diverse sectors. The continuous evolution of cloud architectures, algorithms, and integration of advanced features propels their acceptance. Cloud deployment, facilitated by cloud-based security endpoint solutions, offers attractive benefits like scalability, operational flexibility, need-based payment, regular data backup, high security, and reduced costs. The shift is further accelerated by the complexities and high maintenance costs associated with on-premises solutions. Cloud-based unified endpoint management (UEM) solutions from key players, like MobileIron, Citrix Systems, IBM, Microsoft, and VMware, drive significant demand, particularly among SMEs.

Competitive Landscape

The Middle East and Africa Endpoint Security Market is fragmented, with numerous players serving the market. The key players dominating the Middle East and Africa Endpoint Security Market include Broadcom, Trend Micro Incorporated, Sophos Ltd., Microsoft, AO Kaspersky Lab, Panda Security, F-Secure, IBM Corporation, and McAfee, LLC. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Middle East and Africa Endpoint Security Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Middle East and Africa Endpoint Security Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Endpoint Security Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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