Market Share of Kuwait Cybersecurity Industry
The Kuwaiti cybersecurity market is moderately competitive due to the presence of significant players like Microsoft Corporation, Cisco Systems Inc., and Dell Technologies Inc. Market players are enhancing their portfolios and seeking enduring competitive advantages through strategic partnerships and product launches.
- May 2024: Basel Al-Haroon, the CBK Governor and Chairman of the Board of Directors of the Kuwait Institute of Banking Studies (KIBS), unveiled the initiation of the 4th Cohort of the Cybersecurity Leaders Program. This move aligns with CBK's broader strategy to cultivate skilled national talent in the banking sector, enhance technical capabilities in cybersecurity, and fortify the sector against evolving technological risks. The initiative, a part of the Kafa’a program, is a joint effort by CBK, Kuwaiti banks, and KIBS.
- January 2024: Kuwait's Minister of Foreign Affairs, Sheikh Salem Al-Sabah, unveiled a new cybersecurity center, underscoring the nation's commitment to fortifying its defenses against cyber threats. The foreign ministry statement described the new center as a pivotal component of the nation's cybersecurity infrastructure, designed to combat both internal and external threats. It emphasized that a primary goal of the center is to enhance cybersecurity awareness among foreign ministry personnel.
Kuwait Cybersecurity Market Leaders
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Microsoft Corporation
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Dell Technologies Inc.
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IBM Corporation
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Cisco Systems Inc.
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Fortinet Inc.
*Disclaimer: Major Players sorted in no particular order
