MarkNtel Advisors presents a comprehensive research report on the UAE Cloud Security Market Size, Share, Analysis, Future expected to reach CAGR of 13.26% by 2027. Delving into a thorough analysis of the industry's changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.

Unlocking Market Insights: Exploring Key Aspects in the UAE Cloud Security Market Report (2022-2027)

·        It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.

·        The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.

·        Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.

·        To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.

·        The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.

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Market Dynamic

Key Drivers: Upthrow in the Use of Cloud-based Solutions

The rapid increase in the adoption of cloud platforms & services by enterprises as well as the government has elevated the need for cloud security during 2017-21. The UAE has a cloud-first policy for catalyzing cloud adoption in the private & public sectors, due to which the country has seen the burgeoning prevalence of cloud-based solutions. Moreover, the appreciable steps, including the UAE Vision 2021, National Innovation Strategy, TRA Vision, etc., taken up by the UAE government have widened the scope of cloud security solutions in the country.

Since 2017, there have been several investments by the global cloud players, such as AWS, Oracle, Microsoft, and Google, among others, to stretch their product offerings in the region by making the UAE a data hub. As a result, the development of major cloud clusters in the country has been observed to be a key demand generator for cloud security.

·        In 2022, Microsoft Azure launched its digitally transformative services, including Azure Purview, Azure Arc enabled servers, Azure Communication Services, and Azure Machine Learning on its Azure UAE cloud regions. Previously, in 2019, the company launched its Microsoft Cloud Regions in the UAE to accelerate its cloud business in the Middle East & North Africa (MENA) region.

Possible Restraint: Data Breach & Data Loss among Cloud Security Service Providers & End-users

Cloud security services allow remote access to data via the internet, which is the most vulnerable source of misconfiguration. Furthermore, the cloud's inherent nature transforms into a unique collection of traits that makes it more sensitive to all types of data loss. As a result, the risk of cyberattacks and data loss has grown, leading to a drop in demand for cloud-based services.

In addition, the data losses during cyberattacks, in which data is confidential or sensitive information are viewed or used by any other organization. This results in the loss of intellectual property (IP) to competitors, a reduction in competitive advantages, and financial losses due to regulatory consequences. As a result, it has a negative impact on the organization's value, resulting in a decrease in the use of cloud security services.

The competitive landscape of the UAE Cloud Security Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market's competitive landscape.

-IBM Middle East FZ LLC, UAE

-Oracle Systems Limited

-Microsoft Gulf FZ LLC (Microsoft Gulf)

-AWS Dubai

-Juniper Networks Inc.

-Cisco Middle East, UAE

-Broadcom, UAE

-Palo Alto Networks UAE

-CyberArk Software Inc.

-Fortinet Inc.

-Others

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Segmentation Unveiled: Analyzing UAE Cloud Security Market's Expansion and Mapping Demand, and Distribution across Geographies

By Enterprise Size

-Large Enterprise

-Small and Medium-Sized Enterprise

By Security Type

-Identify and Access Management

-Security information and event management (SIEM)?

-Remote Vulnerability Assessment?

-Data Loss Prevention

-Others (Operations Management, Risk & Compliance Management

By Deployment Type

-Public Cloud

-Private Cloud

-Hybrid & Multi Cloud

By End User

-BFSI

-Healthcare

-IT and Telecom

-Government

-Retail

-Oil & Gas

-Others (Public Utilities, Education Institutes, etc.)

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On the geographical front, the UAE Cloud Security Market expands across:

By Region

-Abu Dhabi

-Dubai

-Sharjah & Rest of Emirates

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