Markntel Advisors has recently documented a thorough report on the Bahrain Managed Security market, which covers the projection period of 2021-2026. The report offers detailed market dynamics, including all the possible factors and growth opportunities influencing the market.
Along with this, potential restraints and severe challenges are also discussed to the core, which holds the utmost probability to hamper the expansion of the market during the projected timeframe. Each and every crucial aspect is included in the report by our team of willful and skillful members who have worked tirelessly to do justice to the information published in the research paper.
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Market Driving Factor: Mounting Focus on Digital Transformation of Organizations
The government of Bahrain is actively promoting different sectors to digitally transform their businesses & adopt a new technological solution like managed security. Besides, the growing inclination toward digitalization is further augmenting the demand for devices like laptops, smartphones, computers, tablets, etc., incorporating with the Internet of Things, thereby augmenting the demand for cloud-based solutions.
Major Growth Challenge for Player: Budgetary Limitations & Lack of Trust among Organizations to Provide Full Control of Systems to Service Providers
Several Small & Medium Enterprises (SMEs) opt for third-party managed security services when they have budgetary constraints or do not have sufficient in-house security expertise. As a result, any organization's security comes entirely in the hands of third-party service providers. Since most outsourcing service providers deliver services to multiple organizations, the possibility of repeated & complex attacks restrains organizations from investing in these security services.
Moreover, the top management of organizations doesn't provide complete data access to service providers & is hesitant in procuring outsourced services. Hence, these aspects might limit the adoption of managed security services in Bahrain and hamper the market growth over the coming years.
Segmenting of Bahrain Managed Security Market
Segmenting the market into several smaller groups and further addressing it is one of the effective ways to determine the market and predict its growth in the near future. Therefore, our team of marketing analysts, along with professional researchers, also conducted an in-depth study to segregate the market into subcategories to offer its users a piece of holistic information about the Bahrain Managed Security industry, which goes like this:
Market Segmentation, By Type
o 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
o Security Hardware
§ Firewalls
§ Network Access Control
o Security Managed Services
§ Firewalls
§ End point protection
§ Identity Access Management
§ Security Information and Event Management (SIEM)
§ Threat Management
§ Threat Intelligence/Visibility
§ Security Vulnerability Scanning
Market Segmentation, By Enterprise Size
o Small & Medium size Enterprises
o Large Enterprises
Market Segmentation, By Deployment Model
o On-Premises
o Cloud
Market Segmentation, By End User
o Government
o BFSI
o Healthcare
o Manufacturing
o Retail
o Telecom & IT
o Oil & Gas
o Others (Hospitality, etc.)
Market Segmentation, By Service Provider
o IT Service Providers
o Managed Security Specialist
o Telecom Service Provider
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Competitive Analysis of the Market
The Bahrain Managed Security market report conducted by Markntel Advisors is a product of robust research to examine and find out the potential business running and stimulating the growth of the industry. It further enables the stakeholders, key investors, and organizations to scrutinize the areas in which the dominating players are exponentially rising in terms of production, revenues, and so on.
Moreover, the study paper focuses on emphasizing the recent developments and contributions made by the market players to identify the areas that can be taken into account for the primary objective of benefitting during the projected period. For this reason, the study constitutes the three fundamental companies that are mentioned as: -
· VIVA Bahrain
· F5
· Fortinet
· Wipro
· Secureworks
· IBM
· Cisco
· Paladion Networks
· Intel
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The experts at Markntel Advisors provide potential clients with the option of customizing the report to suit their needs and interests. The team's key goals are to give the primary components the most consideration and to create the study with the intent of the stakeholders in mind.
The study report also covers factors that affect and surround the Bahrain Managed Security industry, including the industry's profit-loss cycle, important and inconsequential acquisitions, outside influences, current trends, and so forth.
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