The Middle East And Africa Security Orchestration Market size is expected to reach a valuation of USD 753.2 million by 2030, growing at a CAGR of 16.25% during the forecast period (2022–2030).
Security orchestration is the act of linking security tools and integrating various security systems using a linked layer to expedite security operations and enable security automation. It brings together different cybersecurity technology and procedures to make security operations easier and more effective, with numerous security tools in place to prevent, detect, and mitigate attacks.
Security orchestration enables organisations to automatically respond to security alerts by leveraging deep technology integrations with existing tools that can quickly gather contextual alert data from various sources, analyse security intelligence, and recommend a course of action for automating the required preventative actions.
Security operations teams frequently employ a plethora of cybersecurity security solutions to avoid, identify, and mitigate risks. If these strategies and resources aren't adequately integrated into a cohesive ecosystem, inefficiencies raise security concerns and employee morale.
Threat and vulnerability management, response to security events, and security operations automation are the three most important capabilities of security orchestration, automation, and response solutions. Techniques for managing threats and vulnerabilities aid in vulnerability repair. They provide defined workflow, reporting, and collaboration capabilities. Security response technologies assist an organisation in planning, managing, tracking, and coordinating its response to a security incident. Workflows, processes, policy execution, and reporting automation and orchestration are all promoted by security operations automation.
Security orchestration refers to technology that enables organisations to collect inputs that are then examined by security operations. Signals from the SIEM system and other security technologies, for example, can help define, prioritise, and drive standardised incident response procedures by combining human and machine power to carry out event analysis and evaluation. In a digital workflow framework, a company may employ security orchestration technologies to establish issue analysis and response strategies.
One of the primary reasons firms across the world continue to fall victim to cyberattacks and data breaches is a lack of awareness among specialists about these sorts of attacks. Furthermore, one of the main flaws in preventative measures has been identified as a lack of customer knowledge regarding the cyber-security issue.
According to the State of the Market Report 2021 by Help AG, Etisalat Digital's cybersecurity branch, ransomware assaults are on the rise, notably in the government, private, oil and gas, telecom, and healthcare sectors. There are also various assaults, ranging from virus injections and phishing to social engineering, DDoS attacks, and brute-force attacks. These dangers have the potential to cause significant financial and data losses. Increased cyber assaults on control systems, such as Industrial Control Systems (ICS) and Supervisory Control and Data Acquisition (SCADA) used in critical infrastructure Operational Technology (OT), can result in massive financial losses as well as interruption of society's normal functioning. Because of the increasing number of sophisticated security breaches targeting business applications and data in industries such as energy, banking, and oil and gas, organisations throughout the Middle East are deploying cybersecurity solutions to protect their networks, endpoints, data, and users from such malicious attacks.
To prevent increased cyber threats and smarter attack tools, improved cybersecurity solutions are required. Solutions that are freely accessible, free, and pirated are incapable of properly protecting companies from cloud, network, application, and endpoint-related cyber threats. Cybersecurity suppliers demand a large amount of money to develop technologically advanced goods, which limits their acceptance among organisations, particularly Small and Medium-sized Enterprises (SMEs). Capital Expenditure (CAPEX) for suppliers rises as the Research and Development (R&D) team grows. Vendors have substantially invested in technologies such as Artificial Intelligence (AI), Machine Learning (ML), and big data analytics to produce cybersecurity systems that proactively defend clients and consumers from sophisticated threats. The urgent demand for product innovation exists because if a security provider is unable to properly handle cyber threats, the company's market reputation is jeopardised, and if the cyberattack is successful, substantial financial losses may occur.
Middle Eastern governments are launching different programmes, such as Dubai Internet City (DIC) and the KSA Vision 2030, both with the goal of being fully digitally linked, from smart buildings to smart transportation to smart cities. The FIFA World Cup is also likely to be hosted in Qatar in 2022, necessitating the need for additional cybersecurity solutions and services due to the possibility of cyberattacks. These activities have pushed the Middle East region to the brink of significant digital upheaval. IoT and blockchain technologies will be used in this digitisation. The widespread usage of IoT will open the door to several possible cyberattacks, necessitating the need for cybersecurity solutions and services. Once digitalization takes traction in the Middle East, the requirement to safeguard networks, endpoints, data, and other entities such as self-driving vehicles and smart homes will necessitate continual surveillance of possible cyberattacks. As a result, programmes like DIC and KSA 2030 are projected to be profitable possibilities for Middle Eastern cybersecurity market suppliers.
This study categorizes the Middle East And Africa Security Orchestration Market to anticipate revenues and examine trends.
The Middle East And Africa Security Orchestration Market is divided into the UAE, Saudi Arabia, Qatar, Israel, Egypt, Kuwait, and Others. UAE is expected to have the strongest market growth throughout the projection period. The expanding deployment of cloud-based services, as well as the growing amount of cyber vulnerabilities, have increased end-user demand for zero-trust security across the country. Last year, the UAE alone saw a 250% surge in cyberattacks targeting firms in a variety of industries.
The rising number of workers working remotely in the UAE because of the COVID-crisis has also created a profitable potential for the country's zero-trust security industry expansion. Furthermore, more than 62% of respondents worked remotely in Dubai, 51% in Abu Dhabi, and 56% in the other emirates.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|