UAE Cloud Security Market Size & Insights
As per recent study by MarkNtel Advisors The UAE Cloud Security Market is projected to grow at a CAGR of around 13.26% during the forecast period, i.e., 2022-27.
What are the Key DROs in the UAE Cloud Security Market?
Key Drivers: Upthrow in the Use of Cloud-based Solutions
The rapid increase in the adoption of cloud platforms & services by enterprises as well as the government has elevated the need for cloud security during 2017-21. The UAE has a cloud-first policy for catalyzing cloud adoption in the private & public sectors, due to which the country has seen the burgeoning prevalence of cloud-based solutions. Moreover, the appreciable steps, including the UAE Vision 2021, National Innovation Strategy, TRA Vision, etc., taken up by the UAE government have widened the scope of cloud security solutions in the country.
Since 2017, there have been several investments by the global cloud players, such as AWS, Oracle, Microsoft, and Google, among others, to stretch their product offerings in the region by making the UAE a data hub. As a result, the development of major cloud clusters in the country has been observed to be a key demand generator for cloud security.
- In 2022, Microsoft Azure launched its digitally transformative services, including Azure Purview, Azure Arc enabled servers, Azure Communication Services, and Azure Machine Learning on its Azure UAE cloud regions. Previously, in 2019, the company launched its Microsoft Cloud Regions in the UAE to accelerate its cloud business in the Middle East & North Africa (MENA) region.
What are the Key Segments in the UAE Cloud Security Market?
The UAE Cloud Security is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Enterprise Size
- Large Enterprise
- Small and Medium-Sized Enterprise
- By Security Type
- Identify and Access Management
- Security information and event management (SIEM)?
- Remote Vulnerability Assessment?
- Data Loss Prevention
- Others (Operations Management, Risk & Compliance Management
- By Deployment Type
- Public Cloud
- Private Cloud
- Hybrid & Multi Cloud
- By End User
- BFSI
- Healthcare
- IT and Telecom
- Government
- Retail
- Oil & Gas
- Others (Public Utilities, Education Institutes, etc.)
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By Region
- Dubai
- Abu Dhabi & AI Ain
- Sharjah & Northern Emirates
Who are the Key Players in UAE Cloud Security Market?
IBM Middle East FZ LLC, UAE, Oracle Systems Limited, Microsoft Gulf FZ LLC (Microsoft Gulf), AWS Dubai, Juniper Networks Inc., Cisco Middle East, UAE, Broadcom, UAE, Palo Alto Networks UAE, CyberArk Software Inc., Fortinet Inc., Others)
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UAE Cloud Security Market News
- In 2020, StarLink, one of the IT distributors in the Middle East, Turkey, and Africa (META) region formed a partnership with SailPoint, an American Identity security solution provider, to offer businesses identity & access management solutions.
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- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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