The MEA security as a service market is expected to grow from US$ 1,307.29 million in 2022 to US$ 3,032.31 million by 2028; it is estimated to grow at a CAGR of 15.1% from 2022 to 2028.

The IT infrastructure has grown more complicated and heterogeneous over the past five years due to new platforms, BYOD regulations, CYOD trends, business apps, and other technologies. The BYOD and CYOD trends are becoming more and more common in business settings due to the quick improvements in mobile computing. Through mobile devices, employees may access organizational data from anywhere, at any time, thanks to these developments, which boost employee productivity, protect organizational data from potential hazards and maintain its confidentiality and integrity. Users’ access to company data is evolving as the BYOD policy gains traction in SMEs and large corporations. Organizations are deploying their workers as BYOD-related technology advances. Organizations are signing up for security services to shield devices like smartphones, tablets, desktop computers, and laptops from cyber dangers due to the BYOD model’s adoption. Businesses must secure devices inside offices, and those with remote access to the corporate network as BYOD adoption expands. The market for security as a service is anticipated to rise due to the large increase in expenditure on security services.

Vendors in the security as a service market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the MEA security as a service market at a good CAGR during the forecast period.

MEA Security As A Service Market Revenue and Forecast to 2028 (US$ Million)

MEA Security As A Service Market Segmentation

The MEA security as a service market is segmented on the basis of component, organization size, application, vertical, and country. Based on component, the market is segmented into solution and service. The solution segment dominated the market in 2022, and the service segment is expected to register the highest CAGR during forecast period. Based on organization size, the market is segmented into small and medium enterprises and large enterprises. The large enterprises segment dominated the market in 2022 and small and medium enterprises segment is expected to register the highest CAGR during the forecast period. Based on application, the MEA security as a service market is segmented into network security, endpoint security, application security, cloud security, and others. The network security segment dominated the market in 2022, and the application security segment is expected to register the highest CAGR during the forecast period. Based on vertical, the MEA security as a service market is segmented into BFSI, government & defense, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. The BFSI segment dominated the market in 2022 and is expected to register the highest CAGR during the forecast period. Based on country, the MEA security as a service market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA.

Barracuda Networks, Inc.; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Trend Micro Incorporated; and Zscaler, Inc. are among the leading companies in the MEA security as a service market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Industrial Segment Analysis
4. Security As A Service Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Security As A Service–Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Cloud Infrastructure
5.1.2 Increasing Government Initiatives to Promote Cyber security
5.2 Market Restraints
5.2.1 Ability of Vendors to Access Confidential Data
5.3 Market Opportunities
5.3.1 Increasing Adoption of BYOD Modelling
5.4 Market Trend
5.4.1 Multi Cloud Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. Security As A Service Market – MEA Analysis
6.1 MEA Security As A Service Market Overview
6.2 MEA Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
7. MEA Security As A Service Market Analysis – By Component
7.1 Overview
7.2 MEA Security As A Service Market Breakdown, by Component, 2021 & 2028
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Security As A Service Market Analysis – By Organization Size
8.1 Overview
8.2 MEA Security as a Service Market Breakdown, by Organization Size, 2021 & 2028
8.3 Small and Medium Enterprises
8.3.1 Overview
8.3.2 Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Security As A Service Market Analysis – By Application
9.1 Overview
9.2 Security as a Service Market Breakdown, by Application, 2021 & 2028
9.3 Network Security
9.3.1 Overview
9.3.2 Network Security Market Revenue and Forecast to 2028 (US$ Million)
9.4 Endpoint Security
9.4.1 Overview
9.4.2 Endpoint Security Market Revenue and Forecast to 2028 (US$ Million)
9.5 Application Security
9.5.1 Overview
9.5.2 Application Security Market Revenue and Forecast to 2028 (US$ Million)
9.6 Cloud Security
9.6.1 Overview
9.6.2 Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
10. MEA Security As A Service Market Analysis – By Vertical
10.1 Overview
10.2 Security As A Service Market Breakdown, by Vertical, 2021 & 2028
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
10.4 Government & Defence
10.4.1 Overview
10.4.2 Government & Defence Market Revenue and Forecast to 2028 (US$ Million)
10.5 Retail
10.5.1 Overview
10.5.2 Retail Market Revenue and Forecast to 2028 (US$ Million)
10.6 Healthcare
10.6.1 Overview
10.6.2 Healthcare Market Revenue and Forecast to 2028 (US$ Million)
10.7 IT & Telecom
10.7.1 Overview
10.7.2 IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
10.8 Energy & Utilities
10.8.1 Overview
10.8.2 Energy & Utilities Market Revenue and Forecast to 2028 (US$ Million)
10.9 Manufacturing
10.9.1 Overview
10.9.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
10.10 Others
10.10.1 Overview
10.10.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. MEA Security As A Service Market – Country Analysis
11.1 Overview
11.1.1 MEA: Security As A Service Market, By Country
11.1.1.1 Saudi Arabia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Saudi Arabia: Security As A Service Market, By Component
11.1.1.1.2 Saudi Arabia: Security As A Service Market, By Organization Size
11.1.1.1.3 Saudi Arabia: Security As A Service Market, By Application
11.1.1.1.4 Saudi Arabia: Security As A Service Market, By Vertical
11.1.1.2 UAE: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 UAE: Security As A Service Market, By Component
11.1.1.2.2 UAE: Security As A Service Market, By Organization Size
11.1.1.2.3 UAE: Security As A Service Market, By Application
11.1.1.2.4 UAE: Security As A Service Market, By Vertical
11.1.1.3 South Africa: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 South Africa: Security As A Service Market, By Component
11.1.1.3.2 South Africa: Security As A Service Market, By Organization Size
11.1.1.3.3 South Africa: Security As A Service Market, By Application
11.1.1.3.4 South Africa: Security As A Service Market, By Vertical
11.1.1.4 Rest of MEA: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of MEA: Security As A Service Market, By Component
11.1.1.4.2 Rest of MEA: Security As A Service Market, By Organization Size
11.1.1.4.3 Rest of MEA: Security As A Service Market, By Application
11.1.1.4.4 Rest of MEA: Security As A Service Market, By Vertical
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Barracuda Networks, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 IBM Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 McAfee, LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Microsoft Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Radware
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trend Micro Incorporated
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Zscaler, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1. MEA Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Saudi Arabia Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Africa Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Africa Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Africa Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Africa Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA Security As A Service Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of MEA Security As A Service Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of MEA Security As A Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of MEA Security As A Service Market, By Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 18. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA Security As A Service Market Segmentation
Figure 2. MEA Security As A Service Market Segmentation – By Country
Figure 3. MEA Security As A Service Market Overview
Figure 4. MEA Security As A Service Market, By Component
Figure 5. MEA Security As A Service Market, By Country
Figure 6. Middle East & Africa – PEST Analysis
Figure 7. Expert Opinion
Figure 8. MEA Security As A Service Market Impact Analysis of Drivers and Restraints
Figure 9. MEA Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. MEA Security As A Service Market Breakdown, by Component (2021 and 2028)
Figure 11. MEA Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Service Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Security As A Service Market Breakdown, by Organization Size (2021 and 2028)
Figure 14. MEA Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Security As A Service Market Breakdown, by Application (2021 and 2028)
Figure 17. MEA Network Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Endpoint Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Application Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Cloud Security Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Security As A Service Market Breakdown, by Vertical (2021 and 2028)
Figure 23. MEA BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA Government & Defense Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Retail Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Healthcare Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. MEA IT & Telecom Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Energy & Utilities Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. MEA Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. MEA Security As A Service Market, by Key Country – Revenue (2021) (US$ Million)
Figure 32. MEA Security As A Service Market Revenue Share, By Country (2021 and 2028)
Figure 33. Saudi Arabia: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. UAE: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Africa: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of MEA: Security As A Service Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA security as a service market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the MEA security as a service market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the security as a service market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Middle East & Africa Security As A Service Market

● Barracuda Networks, Inc.
● IBM Corporation
● McAfee, LLC
● Microsoft Corporation
● Radware
● Trend Micro Incorporated
● Zscaler, Inc.

At 18.0% CAGR, the MEA Security As A Service Market is speculated to be worth US$ 8,818.09 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the MEA security as a service market was valued at US$ 1,307.29 million in 2022 and is expected to reach US$ 3,032.31 million by 2028, registering an annual growth rate of 15.1% from 2022 to 2028. Multi cloud infrastructure and increasing adoption of BYOD modelling are the critical factors attributed to the market expansion.

When it comes to cloud-native security, conventional security solutions made with on-premises networks in mind are the incorrect tool for the job. However, in a world where practically every organization relies on several cloud platforms, security solutions and policies solely concentrating on one provider’s cloud (for example, just Azure or AWS) isn’t comprehensive. The increasing significance of solutions created with multi-cloud security in mind is one of the most significant trends in cloud security. Enterprise workloads are dispersed across several cloud environments and evolve quickly, which is considered a multi-cloud security strategy. Enterprise workloads are dispersed across several cloud environments and change quickly; a multi-cloud security strategy considers this. In addition to increasing flexibility and layering automation and intelligence into security across platforms, multi-cloud security solutions decrease or do away with the “point solutions” that tie security to a single site. Therefore, businesses can better defend themselves against contemporary dangers using multi-cloud security solutions.

On the contrary, ability of vendors to access confidential data hurdles the growth of MEA security as a service market.

Based on component, the MEA security as a service market is segmented into solution and service. The solution segment held 58.8% market share in 2022, amassing US$ 768.19 million. It is projected to garner US$ 1,747.61 million by 2028 to expand at 14.7% CAGR during 2022–2028.

Based on organization size, the MEA security as a service market is segmented into small and medium enterprises and large enterprises. The large enterprises segment held 77.4% market share in 2022, amassing US$ 1,011.45 million. It is projected to garner US$ 2,314.41 million by 2028 to expand at 14.8% CAGR during 2022–2028.

Based on application, the MEA security as a service market is segmented into network security, endpoint security, application security, cloud security, and others. The network security segment held 30.0% market share in 2022, amassing US$ 391.93 million. It is projected to garner US$ 887.24 million by 2028 to expand at 14.6% CAGR during 2022–2028.

Based on vertical, the MEA security as a service market is segmented into BFSI, government & defense, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. The BFSI segment held 22.0% market share in 2022, amassing US$ 287.02 million. It is projected to garner US$ 710.03 million by 2028 to expand at 16.3% CAGR during 2022–2028.

Based on country, the MEA security as a service market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. Our regional analysis states that Saudi Arabia captured 39.6% market share in 2022. It was assessed at US$ 517.25 million in 2022 and is likely to hit US$ 1,137.12 million by 2028, exhibiting a CAGR of 14.0% during the forecast period.

Key players dominating the MEA security as a service market are Barracuda Networks, Inc.; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Trend Micro Incorporated; and Zscaler, Inc. among others.

In 2022, McAfee recently announced new alliances with top Zero-Trust Network Access (ZTNA) providers, enhancing security for enterprise customers’ ZTNA deployments. As members of the McAfee Security Innovation Alliance (SIA) programme, Appgate, Axis Security, and TransientX will have their integrations with McAfee technology certified as part of the SIA’s open-provider approach to Zero-Trust. This expands on McAfee’s prior zero-trust activities, such as its involvement in the BeyondCorp Alliance of Google Cloud. In 2022, Randori, a provider of offensive cyber protection and attack surface management, will be acquired by IBM. IBM intends to combine Randori’s software with the extended detection and response (XDR) features of IBM Security QRadar, according to ITPro.