Who are the key players in UAE Cybersecurity Market?

IBM, Cisco Systems, Inc., Juniper Networks, Oracle Corporation and Palo Alto Networks are the major companies operating in the UAE Cybersecurity Market. Read More

What years does this UAE Cybersecurity Market cover, and what was the market size in 2023?

In 2023, the UAE Cybersecurity Market size was estimated at USD 0.51 billion. The report covers the UAE Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UAE Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future trends are expected in the UAE Cybersecurity Market?

Future trends that are expected in the United Arab Emirates Cybersecurity Market are a) Integration of blockchain technology b) Increased use of cloud-based security solutions c) Greater emphasis on cybersecurity education and training programs Read More

UAE Cybersecurity Market Size

Market Size of UAE Cybersecurity Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 0.59 Billion
Market Size (2029)	USD 1.07 Billion
CAGR (2024 - 2029)	12.72 %
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

UAE Cybersecurity Market Analysis

The UAE Cybersecurity Market size is estimated at USD 0.59 billion in 2024, and is expected to reach USD 1.07 billion by 2029, growing at a CAGR of 12.72% during the forecast period (2024-2029).

The rapid digitalization in the United Arab Emirates has triggered the number of connected devices by opening new cyberattack gateways. Cybersecurity has become increasingly imperative for governments and companies as digitization has increased due to the COVID-19 pandemic, with digital criminal activity increasing.

A considerable increase in cyberattacks during the COVID-19 pandemic, terrorism threats, and digital transformation have pushed the UAE to secure its cyber borders through high expenditure within its new budget. In October last year, the UAE announced adopting cybersecurity standards for government agencies as the country revealed the budget for the next five years.
The United Arab Emirates has witnessed a more than 250 percent increase in cyberattacks during the pandemic, according to the UAE Government cybersecurity chief. Ransomware and phishing were the most common forms of attack, and the financial and healthcare sectors were among the most prominent targets. This sudden increase was also attributed to the activists against the UAE's recognition of Israel and normalizing these countries' relationships.
UAE's government has been emphasizing cybersecurity owing to increasing cyberattacks. For instance, according to the World Economic Forum's (WEF) 'The Global Risks Report' of this year, the risk of cybersecurity failure is ranked among the top five concerns for the UAE.
As organizations in the UAE undergo digital transformation and move their operations online, the attack surface for cyber threats expands. This provides cybercriminals with more opportunities to target sensitive data and systems.
Budget constraints and the high cost of cybersecurity solutions can pose challenges for the market, as they can limit the ability of organizations and government entities to protect their digital assets effectively.

UAE Cybersecurity Industry Segmentation

Cyber threats are internet-based efforts to disrupt or damage information systems and hack crucial information using malware, spyware, and phishing. Cybersecurity solutions aid organizations in monitoring, detecting, reporting, and countering cyber threats to maintain data confidentiality.

The United Arab Emirates Cybersecurity Market is segmented by security type (network security, cloud security, application security, end-point security, wireless network security), by component (hardware, solution, services), by deployment (cloud, on-premise), and by end-user industry (BFSI, healthcare, manufacturing, retail, government, IT and telecommunication). The report offers market forecasts and size in value (USD) for all the above segments.

By Security Type
		Network Security
		Cloud Security
		Application Security
		End-point Security
		Wireless Network Security
		Other Security Types

By Component

Hardware

Solution
	Threat Intelligence and Response
	Identity and Access Management
	Data Loss Prevention
	Security and Vulnerability Management
	Intrusion Prevention System
	Other Solutions

Services
	Professional Services
	Managed Services

By Deployment
		Cloud
		On-premise

By End-user Industry
		Banking, Financial Services and Insurance
		Healthcare
		Manufacturing
		Retail
		Government
		IT and Telecommunication
		Other End-user Industries

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UAE Cybersecurity Market Size Summary

The UAE cybersecurity market is experiencing significant growth, driven by the rapid digitalization and increasing cyber threats in the region. The surge in connected devices and the expansion of digital services have opened new avenues for cyberattacks, making cybersecurity a critical priority for both government and private sectors. The COVID-19 pandemic further exacerbated the situation, leading to a substantial rise in cyberattacks, particularly targeting the financial and healthcare sectors. In response, the UAE government has implemented stringent cybersecurity standards and allocated substantial budgets to fortify its cyber defenses. This proactive approach is part of a broader strategy to secure the nation's digital infrastructure amidst its ambitious digital transformation initiatives.

The market is characterized by a fragmented landscape with major players like IBM, Cisco Systems, Juniper Networks, Oracle Corporation, and Palo Alto Networks actively enhancing their offerings through strategic partnerships and innovations. The retail sector, in particular, has seen a marked increase in demand for cybersecurity solutions due to its vulnerability to cyber threats and the critical nature of protecting sensitive customer data. As organizations continue to adopt cloud-based solutions and other digital technologies, the need for robust cybersecurity measures is expected to grow. The UAE's commitment to integrating advanced technologies, such as AI and blockchain, into its digital services further underscores the increasing demand for comprehensive cybersecurity solutions in the region.

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UAE Cybersecurity Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Market Overview
2. 1.2 Industry Attractiveness - Porter Five Forces
  1. 1.2.1 Bargaining Power of Suppliers
  2. 1.2.2 Bargaining Power of Consumers
  3. 1.2.3 Threat of New Entrants
  4. 1.2.4 Intensity of Competitive Rivalry
  5. 1.2.5 Threat of Substitutes
3. 1.3 Assessment of Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Security Type
  1. 2.1.1 Network Security
  2. 2.1.2 Cloud Security
  3. 2.1.3 Application Security
  4. 2.1.4 End-point Security
  5. 2.1.5 Wireless Network Security
  6. 2.1.6 Other Security Types
2. 2.2 By Component
  1. 2.2.1 Hardware
  2. 2.2.2 Solution
    1. 2.2.2.1 Threat Intelligence and Response
    2. 2.2.2.2 Identity and Access Management
    3. 2.2.2.3 Data Loss Prevention
    4. 2.2.2.4 Security and Vulnerability Management
    5. 2.2.2.5 Intrusion Prevention System
    6. 2.2.2.6 Other Solutions
  3. 2.2.3 Services
    1. 2.2.3.1 Professional Services
    2. 2.2.3.2 Managed Services
3. 2.3 By Deployment
  1. 2.3.1 Cloud
  2. 2.3.2 On-premise
4. 2.4 By End-user Industry
  1. 2.4.1 Banking, Financial Services and Insurance
  2. 2.4.2 Healthcare
  3. 2.4.3 Manufacturing
  4. 2.4.4 Retail
  5. 2.4.5 Government
  6. 2.4.6 IT and Telecommunication
  7. 2.4.7 Other End-user Industries