Middle East & Africa Network Security Market Size & Outlook
Middle East & Africa network security market, 2018-2030 (US$M)
Related Markets
MEA network security market highlights
- The MEA network security market generated a revenue of USD 1,759.5 million in 2023.
- The market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,759.5 million |
| Market revenue in 2030 | USD 4,020.8 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Fortinet Inc, Cisco Systems Inc, CrowdStrike Holdings Inc Class A, International Business Machines Corp, Trend Micro Inc, Rapid7 Inc, Check Point Software Technologies Ltd, Microsoft Corp, Sophos, Broadcom Inc, VMware, Trellix, Proofpoint, Akamai Technologies Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.3% of the global network security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,959.3 million by 2030.
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Network Security Market Scope
Network Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa network 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 network security market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 76.36% in 2023. Horizon Databook has segmented the Middle East & Africa network security market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of network security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa network security market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa network security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA network security market size, by country, 2018-2030 (US$M)
Middle East & Africa Network Security Market Outlook Share, 2023 & 2030 (US$M)
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