UAE Cyber Security Market Size & Outlook, 2023-2030
UAE cyber security market, 2018-2030 (US$M)
Related Markets
UAE cyber security market highlights
- The UAE cyber security market generated a revenue of USD 4,188.5 million in 2023 and is expected to reach USD 8,308.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Cyber security market data book summary
| Market revenue in 2023 | USD 4,188.5 million |
| Market revenue in 2030 | USD 8,308.0 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Hardware |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, UAE accounted for 1.9% of the global cyber security market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cyber security market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9,035.6 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 58.08% in 2023. Horizon Databook has segmented the UAE cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is known for its digital innovations, connected technologies, and application of robust solutions in almost every sector, including hospitality, healthcare, transportation, and financial services. With a large group of customers in the country operating online for their basic daily needs, including food ordering, cab booking, payments, and ticket bookings, strong network security has become a necessity for organizations in the country.
Furthermore, the introduction of UAE Vision 2030, which aims at bringing digitization, sustainable development, and infrastructure development by the year 2030 and Project of the 50, which oversees the designing and execution of digital projects, also encourage key players to introduce advanced security capabilities and solutions for customers in the UAE.
For instance, in May 2023, the Cyber Security Council United Arab Emirates and Microsoft Corporation announced the signing of a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in cybersecurity as well as to establish a more secure global information society.
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Target buyers of UAE cyber security market databook
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE cyber security market , including forecasts for subscribers. This country databook contains high-level insights into UAE cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE cyber security market size, by component, 2018-2030 (US$M)
UAE Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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