MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET 2019-2028

ICT | IT Hardware and data centers

MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET 2019-2028

Market by Component, Deployment, Organization Size, Function, End-user, and Country | Forecast 2019-2028

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As mentioned in Triton's research report, the encryption software market in the Middle East and Africa is evaluated to progress at a compound annual growth rate of 14.48% during the forecast years 2019-2028.

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The countries studied in this market are:

•        The United Arab Emirates

•        Turkey

•        South Africa

•        Saudi Arabia

•        Rest of Middle East & Africa

In the United Arab Emirates, the expenditure on cybersecurity technologies has seen a substantial increase, and is expected to surge rapidly. With the growth in cybersecurity, numerous organizations observe cyber gaps in their digital operations. This has led companies to take measures towards mitigating the risks relating to rising cyberattacks and data breaches. Moreover, many companies have diminished cyber threats to a certain extent by taking actions to defend against such risks. The surge in cyber risks is offering immense investment opportunities in the cybersecurity space. This further signifies potential growth in the adoption of encryption technology, simultaneously boosting the encryption software market's progression in the country.

Over the years, Saudi Arabia has observed rapid ICT adoption, which has resulted in a growth in the number of cyber threats. Moreover, as the country is undergoing a digital transformation, these threats are expected to surge in the future. The spread of network-connected devices, cloud storage, and new technologies are creating additional challenges in the cybersecurity industry. The surge in cyber threats, such as data breaches and brute force attacks, drives the hardware and software encryption demand. It further offers an effective way to secure sensitive personal and corporate data, thereby fueling the studied market's growth in Saudi Arabia.

Check Point Software Technologies develops a wide range of IT security solutions to several establishments worldwide. The company offers hardware and software solutions for data and end-point security, network and gateway security, and management solutions. It was the first company to launch FireWall-1 and Stateful Inspection Technology. Its products are sold through multiple distribution channels such as resellers, distributors, system integrators, and more. Check Point Software has its headquarters in Tel Aviv, Israel.

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Table of Content

1.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET - SUMMARY    

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION     

2.2. KEY INSIGHTS      

2.2.1.   WIDE ADOPTION OF ENCRYPTION STRATEGY IN ENTERPRISES       

2.2.2.   INCREASE IN DEMAND FOR CLOUD DATA ENCRYPTION

2.2.3.   SNOWDEN REVELATIONS         

2.3. IMPACT OF COVID-19 ON ENCRYPTION SOFTWARE MARKET

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1.   THREAT OF NEW ENTRANTS   

2.4.2.   THREAT OF SUBSTITUTE           

2.4.3.   BARGAINING POWER OF BUYERS     

2.4.4.   BARGAINING POWER OF SUPPLIERS

2.4.5.   THREAT OF COMPETITIVE RIVALRY  

2.5. MARKET ATTRACTIVENESS INDEX  

2.6. VENDOR SCORECARD 

2.7. MARKET DRIVERS         

2.7.1.   INCREASE IN NUMBER OF DATA BREACHES AND FORCE ATTACKS 

2.7.2.   INCREASE IN COMPLIANCE REGULATIONS

2.7.3.   GROWTH IN ADOPTION OF VIRTUALIZATION AND CLOUD        

2.7.4.   INCREASE IN MOBILITY  

2.8. MARKET RESTRAINTS  

2.8.1.   HIGH CAPITAL INVESTMENT    

2.8.2.   LIMITATIONS ON USE OF ENCRYPTED DEVICES IN SOME COUNTRIES        

2.9. MARKET OPPORTUNITIES       

2.9.1.   WIDESPREAD ADOPTION OF IOT AND CLOUD SERVICES         

2.9.2.   ONGOING TECHNOLOGICAL ADVANCEMENTS IN ENCRYPTION CHIPS        

2.10. MARKET CHALLENGES          

2.10.1.     INCREASE IN COSTS AND COMPLEXITY OF ENCRYPTION KEYS        

2.10.2.     LACK OF EDUCATION ON ENCRYPTION       

2.10.3.     REGULATORY RESTRICTIONS ON CRYPTO-SOFTWARE

3.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT   

3.1. SOFTWARE           

3.2. SERVICES 

4.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT 

4.1. ON-PREMISE        

4.2. CLOUD       

5.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ORGANIZATION SIZE 

5.1. LARGE ENTERPRISES  

5.2. SMALL & MEDIUM ENTERPRISES     

6.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY FUNCTION        

6.1. DISK ENCRYPTION        

6.2. COMMUNICATION ENCRYPTION       

6.3. FILE/FOLDER ENCRYPTION    

6.4. CLOUD ENCRYPTION    

7.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY END-USER      

7.1. BFSI

7.2. IT & TELECOM      

7.3. GOVERNMENT & PUBLIC SECTOR   

7.4. RETAIL       

7.5. HEALTHCARE      

7.6. AEROSPACE & DEFENSE        

7.7. MEDIA & ENTERTAINMENT      

7.8. OTHERS     

8.    MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET - REGIONAL OUTLOOK     

8.1. UNITED ARAB EMIRATES         

8.2. TURKEY     

8.3. SAUDI ARABIA     

8.4. SOUTH AFRICA   

8.5. REST OF MIDDLE EAST & AFRICA    

9.    COMPETITIVE LANDSCAPE

9.1. CHECK POINT SOFTWARE TECHNOLOGIES         

9.2. CISCO SYSTEM INC            

9. 3. SOPHOS HOLDINGS LTD          

9. 4. TREND MICRO INCORPORATED        

9. 5. BROADCOM INC  

9.6. DELL INC   

9.7. FIREEYE INC        

9.8. FORTINET INC     

9.9. INTERNATIONAL BUSINESS MACHINES CORPORATION        

9.10. MCAFEE LLC      

9.11. MICROSOFT CORPORATION

9.12. ORACLE CORPORATION        

9.13. PALO ALTO NETWORKS INC 

9.14. PROOFPOINT         

10. METHODOLOGY & SCOPE  

10.1. RESEARCH SCOPE & DELIVERABLES      

10.2. SOURCES OF DATA     

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)

TABLE 5. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)

TABLE 6. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)

TABLE 7. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)

TABLE 8. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 9. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1. PORTER’S FIVE FORCES ANALYSIS

FIGURE 2. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 3. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)

FIGURE 4. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)

FIGURE 5. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)

FIGURE 6. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2019-2028 (IN $ MILLION)

FIGURE 7. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2019-2028 (IN $ MILLION)

FIGURE 8. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 9. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 10. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 11. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 12. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY BFSI, 2019-2028 (IN $ MILLION)

FIGURE 13. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY IT & TELECOM, 2019-2028 (IN $ MILLION)

FIGURE 14. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2019-2028 (IN $ MILLION)

FIGURE 15. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)

FIGURE 16. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 17. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY AEROSPACE & DEFENSE, 2019-2028 (IN $ MILLION)

FIGURE 18. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2028 (IN $ MILLION)

FIGURE 19. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 20. MIDDLE EAST AND AFRICA ENCRYPTION SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)

FIGURE 21. UNITED ARAB EMIRATES ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)

FIGURE 22. TURKEY ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)

FIGURE 23. SAUDI ARABIA ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)

FIGURE 24. SOUTH AFRICA ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)

FIGURE 25. REST OF MIDDLE EAST & AFRICA ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)

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