The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Kuwait Managed Security Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Kuwait Managed Security Industry (2022-2027):
According to the latest report, The Kuwait Managed Security Market is projected to grow at a CAGR of around 3.0% during the forecast period, i.e., 2022-27. The report demonstrates the prominent factors propelling the exponential growth of the Kuwait Managed Security industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2017-20
- Base Year: 2021
- Forecast Period: 2022-27
- CAGR – 3.0%
What are the major Driver the Kuwait Managed Security industry?
Mounting Incidence of Cyber-Attacks in Kuwait - One of the major drivers of managed security market growth is the significant rise in the number of cyber-attacks. In fact, during the COVID-19 pandemic, Kuwait experienced more than 1000 cyberattacks during the first half of 2020 alone, including spam attacks, breaches of corporate email addresses, malware, ransomware, and malicious domains. The market expansion can be attributed to a sudden shift in enterprise preference for the integration of advanced technologies such as cloud and IoT, the implementation of a cybersecurity framework to improve the banking sector's resilience to cyberattacks, as well as increased spending on IT infrastructure development.
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Kuwait Managed Security Market Segmentation
The Kuwait Managed Security Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Security Software
- Firewalls
- Data Security
- E-mail security
- End point protection
- Identity Access Management
- Web Proxi
- Cloud Access Security Brokers (CASB)
- Security Information and Event Management (SIEM)
- Threat Management
- Threat Intelligence/Visibility
- Integrated Risk Management Solutions
- Security Vulnerability Scanning
- Security Hardware
- Firewalls
- Network Access Control
- Security Managed Services
- Firewalls
- End point protection
- Identity Access Management
- Security Information and Event Management (SIEM)
- Threat Management
- Threat Intelligence/Visibility
- Security Vulnerability Scanning
- By Enterprise Size
- Small & Medium size Enterprises
- Large Enterprises
- By Deployment Model
- On-Premises
- Cloud
- By End User
- Government
- BFSI
- Healthcare
- Manufacturing
- Retail
- Telecom & IT
- Oil & Gas
- Others (Hospitality, etc.)
- By Service Provider
- IT Service Providers
- Managed Security Specialist
- Telecom Service Provider
As per the regional aspect, the Kuwait Managed Security Market is expected to be dominated by Kuwait by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/kuwait-managed-security-market.html
Top Companies in the Kuwait Managed Security Market
BT Group, Algosec, InfoPercept, Fortinet, Wipro, Secureworks, IBM, Cisco, Paladion Networks, Intel, Others
Recent Developments in the Kuwait Managed Security Market
Recently on 28th Sept 2022, Kuwait-based digital service provider, Zain Kuwait, announced an investment in performance analytics and end-user experience solutions of Accedian & Cisco to automate its network with better visibility & service assurance. Integrating Accedian's Skylight into Cisco's Crosswork Network Automation platform, Zain Kuwait will be able to see a single view of its network & service performance at a per-customer granularity to help meet its B2B consumer requirements.
In September 2019, Ooredoo Kuwait announced signing a strategic partnership with Z Services, a leading cybersecurity SaaS provider in the Middle East, to provide the broadest & deepest cloud-based & telco-delivered security solutions portfolio to different organizations in the country. It will allow customers to ensure efficient cybersecurity without incurring significant costs associated with on-premise infrastructure deployments.
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