PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1630161
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1630161
GCC Cybersecurity Market, By Component; By Security Type, Others; By Deployment Mode; By Organization Size; By Industry Vertical, Others; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
GCC Cybersecurity Market More Than Triples Its Value to Reach USD 15 Billion by 2031
GCC Cybersecurity Market is booming primarily due to the surging adoption of cloud computing and IoT technologies, the escalating frequency and severity of cybersecurity threats and data breaches, and an increasing emphasis on cybersecurity compliance.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated GCC Cybersecurity Market size by value at USD 4.8 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects GCC Cybersecurity Market size to boom at a robust CAGR of 20.8% reaching a value of USD 14.6 billion by 2031. The growth of Cybersecurity Market across GCC (Gulf Cooperation Council) region (consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE) is propelled by the escalating prevalence and sophistication of cyberattacks, along with the region's rapid digital transformation. Stringent data protection and privacy regulations, in conjunction with the increasing adoption of cloud computing, Internet of Things (IoT), and mobile technologies, necessitate the implementation of robust and adaptable cybersecurity measures. The rise of remote work has introduced additional vulnerabilities, while the growing reliance on managed security services by small and medium-sized enterprises (SMEs) and large corporations is contributing to market expansion. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) is revolutionizing threat detection and response mechanisms, thereby unlocking substantial growth potential.
Opportunities - Increasing Focus on Securing Industrial IoT (IIoT) Systems
The Gulf Cooperation Council (GCC) region is increasingly focusing on securing Industrial Internet of Things (IIoT) systems, a critical aspect of its digital transformation. As major industries, such as manufacturing, energy, and logistics, adopt IIoT technologies, the need to safeguard connected devices and networks becomes paramount. The rise of IIoT systems introduces vulnerabilities that can be exploited by cybercriminals, threatening the region's economic stability and national security. In response, GCC governments and businesses are prioritizing the development and implementation of advanced cybersecurity solutions to protect IIoT infrastructure. This growing focus on securing IIoT systems presents significant opportunities for cybersecurity market growth, as demand for specialized solutions such as intrusion detection, real-time monitoring, and data protection increases. As the region continues to embrace digital innovation, securing IIoT systems will be crucial for ensuring the safety and resilience of critical industrial operations, creating a fertile ground for cybersecurity market expansion.
UAE Leads GCC Cybersecurity Market
UAE, driven by the burgeoning BFSI sector's rapid migration toward online platforms to enhance service delivery and streamline transaction processes, coupled with the substantial influx of foreign direct investments (FDIs), has solidified its position as a leader in GCC Cybersecurity Market. This leadership trajectory is projected to endure throughout the forecast period. The substantial influx of FDI, evidenced by a 33% YoY increase in 2023, is fostering a surge in commercial activities, consequently augmenting the demand for robust cybersecurity solutions to safeguard customer data from evolving cyber threats. Furthermore, the region's escalating adoption of Information and Communications Technology (ICT) as a catalyst for social and economic progress is projected to further propel the growth trajectory of the UAE's cybersecurity market in the coming years.
Impact of Escalating Geopolitical Tensions on GCC Cybersecurity Market
Intensifying geopolitical tensions, particularly in the Middle East, could have a multifaceted impact on GCC Cybersecurity Market. The Gulf Cooperation Council (GCC) nations are becoming more susceptible to increasingly sophisticated cyberattacks, including state-sponsored hacking, espionage, and data breaches, driven by their strategic geopolitical significance and rapid digital transformation. In response, GCC governments are making substantial investments in cybersecurity infrastructure, policies, and regulations to protect critical assets and sensitive information. This evolving threat landscape is driving the demand for advanced cybersecurity solutions, fueling market growth. As tensions rise, businesses and governments in the region are prioritizing cybersecurity to safeguard their digital infrastructure, enhance resilience against external threats, and maintain economic stability.
Competitive Landscape
GCC Cybersecurity Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include BAE Systems, Microsoft, McAfee LLC, Thales, Rapid7, Trend Micro Incorporated, Cisco Systems Inc., IBM Corporation, Oracle, and Johnson Controls. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in GCC Cybersecurity Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and GCC Cybersecurity Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Cybersecurity Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. GCC Cybersecurity Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Increasing adoption of cloud computing and IoT technologies
- 3.1.2.2. Rising cybersecurity threats and growing incidents of data breaches
- 3.1.2.3. Government initiatives and regulations promoting cybersecurity compliance
- 3.1.3. Restraints
- 3.1.3.1. High costs associated with advanced cybersecurity solutions
- 3.1.3.2. Shortage of skilled cybersecurity professionals in the region
- 3.1.4. Opportunities
- 3.1.4.1. Growing demand for AI and machine learning-based cybersecurity solutions
- 3.1.4.2. Expansion of smart city projects in GCC countries
- 3.1.4.3. Increasing focus on securing industrial IoT (IIoT) systems
- 3.1.5. Challenges
- 3.1.5.1. Rapid evolution of sophisticated cyber threats, making mitigation difficult
- 3.1.5.2. Lack of standardized cybersecurity frameworks across the region
- 3.2. Technological Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
4. GCC Cybersecurity Market: Marketing Strategies
5. GCC Cybersecurity Market Overview
- 5.1. Market Size & Forecast, 2019-2031
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Component
- 5.2.1.1. Solutions
- 5.2.1.2. Services
- 5.2.2. By Security Type
- 5.2.2.1. Network Security
- 5.2.2.2. Endpoint Security
- 5.2.2.3. Cloud Security
- 5.2.2.4. Application Security
- 5.2.2.5. Data Security
- 5.2.2.6. Others (IoT Security, Operational Technology Security)
- 5.2.3. By Deployment Mode
- 5.2.3.1. On-Premises
- 5.2.3.2. Cloud-based
- 5.2.4. By Organization Size
- 5.2.4.1. Small and Medium-sized Enterprises (SMEs)
- 5.2.4.2. Large Enterprises
- 5.2.5. By Industry Vertical
- 5.2.5.1. Banking, Financial Services, and Insurance (BFSI)
- 5.2.5.2. IT & Telecommunications
- 5.2.5.3. Government & Defense
- 5.2.5.4. Healthcare
- 5.2.5.5. Energy & Utilities
- 5.2.5.6. Retail & E-commerce
- 5.2.5.7. Manufacturing
- 5.2.5.8. Education
- 5.2.5.9. Others (Media & Entertainment, Transport)
- 5.2.6. By Country
- 5.2.6.1. Saudi Arabia
- 5.2.6.2. UAE
- 5.2.6.3. Qatar
- 5.2.6.4. Bahrain
- 5.2.6.5. Kuwait
- 5.2.6.6. Oman
- 5.2.1. By Component
6. Saudi Arabia Cybersecurity Market
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Security Type
- 6.2.3. By Deployment Mode
- 6.2.4. By Organization Size
- 6.2.5. By Industry Vertical
7. UAE Cybersecurity Market
- 7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Security Type
- 7.2.3. By Deployment Mode
- 7.2.4. By Organization Size
- 7.2.5. By Industry Vertical
8. Qatar Cybersecurity Market
- 8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Security Type
- 8.2.3. By Deployment Mode
- 8.2.4. By Organization Size
- 8.2.5. By Industry Vertical
9. Bahrain Cybersecurity Market
- 9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Security Type
- 9.2.3. By Deployment Mode
- 9.2.4. By Organization Size
- 9.2.5. By Industry Vertical
10. Kuwait Cybersecurity Market
- 10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Security Type
- 10.2.3. By Deployment Mode
- 10.2.4. By Organization Size
- 10.2.5. By Industry Vertical
11. Oman Cybersecurity Market
- 11.1. Market Size & Forecast, 2019-2031
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Component
- 11.2.2. By Security Type
- 11.2.3. By Deployment Mode
- 11.2.4. By Organization Size
- 11.2.5. By Industry Vertical
12. Competitive Landscape
- 12.1. List of Key Players and Their Components
- 12.2. GCC Cybersecurity Company Market Share Analysis, 2024
- 12.3. Competitive Benchmarking, By Operating Parameters
- 12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
13. Impact of Geopolitical Tensions on GCC Cybersecurity Market
14. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 14.1. BAE Systems
- 14.2. Microsoft
- 14.3. McAfee, LLC
- 14.4. Thales
- 14.5. Rapid7
- 14.6. Trend Micro Incorporated
- 14.7. Cisco Systems, Inc.
- 14.8. IBM Corporation
- 14.9. Oracle
- 14.10. Johnson Controls
- 14.11. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
- 16.1. Qualitative Research
- 16.1.1. Primary & Secondary Research
- 16.2. Quantitative Research
- 16.3. Market Breakdown & Data Triangulation
- 16.3.1. Secondary Research
- 16.3.2. Primary Research
- 16.4. Breakdown of Primary Research Respondents, By Country
- 16.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 GCC Cybersecurity Segmentation
- Figure 2 GCC Cybersecurity Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 GCC Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 5 GCC Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 6 GCC Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 7 GCC Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 8 GCC Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 9 GCC Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Figure 10 GCC Cybersecurity Market Share, By Country, By Value (USD Billion), 2019-2031
- Figure 11 Saudi Arabia Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 12 Saudi Arabia Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 13 Saudi Arabia Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 14 Saudi Arabia Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 15 Saudi Arabia Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 16 Saudi Arabia Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Figure 17 UAE Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 18 UAE Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 19 UAE Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 20 UAE Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 21 UAE Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 22 UAE Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Figure 23 Qatar Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 24 Qatar Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 25 Qatar Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 26 Qatar Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 27 Qatar Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 28 Qatar Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Figure 29 Bahrain Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 30 Bahrain Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 31 Bahrain Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 32 Bahrain Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 33 Bahrain Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 34 Bahrain Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Figure 35 Kuwait Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 36 Kuwait Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 37 Kuwait Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 38 Kuwait Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 39 Kuwait Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 40 Kuwait Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Figure 41 Oman Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Figure 42 Oman Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Figure 43 Oman Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Figure 44 Oman Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Figure 45 Oman Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Figure 46 Oman Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
List of Tables
- Table 1 GCC Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 2 GCC Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 3 GCC Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 4 GCC Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 5 GCC Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 6 GCC Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 7 GCC Cybersecurity Market Share, By Country, By Value (USD Billion), 2019-2031
- Table 8 Saudi Arabia Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 9 Saudi Arabia Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 10 Saudi Arabia Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 11 Saudi Arabia Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 12 Saudi Arabia Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 13 Saudi Arabia Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 14 UAE Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 15 UAE Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 16 UAE Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 17 UAE Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 18 UAE Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 19 UAE Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 20 Qatar Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 21 Qatar Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 22 Qatar Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 23 Qatar Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 24 Qatar Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 25 Qatar Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 26 Bahrain Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 27 Bahrain Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 28 Bahrain Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 29 Bahrain Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 30 Bahrain Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 31 Bahrain Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 32 Kuwait Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 33 Kuwait Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 34 Kuwait Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 35 Kuwait Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 36 Kuwait Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 37 Kuwait Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 38 Oman Cybersecurity Market Size, By Value (USD Billion), 2019-2031
- Table 39 Oman Cybersecurity Market Share, By Component, By Value (USD Billion), 2019-2031
- Table 40 Oman Cybersecurity Market Share, By Security Type, By Value (USD Billion), 2019-2031
- Table 41 Oman Cybersecurity Market Share, By Deployment Mode, By Value (USD Billion), 2019-2031
- Table 42 Oman Cybersecurity Market Share, By Organization Size, By Value (USD Billion), 2019-2031
- Table 43 Oman Cybersecurity Market Share, By Industry Vertical, By Value (USD Billion), 2019-2031
- Table 44 BAE Systems Company Overview
- Table 45 BAE Systems Financial Overview
- Table 46 Microsoft Company Overview
- Table 47 Microsoft Financial Overview
- Table 48 McAfee, LLC Company Overview
- Table 49 McAfee, LLC Financial Overview
- Table 50 Thales Company Overview
- Table 51 Thales Financial Overview
- Table 52 Rapid7 Company Overview
- Table 53 Rapid7 Financial Overview
- Table 54 Trend Micro Incorporated Company Overview
- Table 55 Trend Micro Incorporated Financial Overview
- Table 56 Cisco Systems, Inc. Company Overview
- Table 57 Cisco Systems, Inc. Financial Overview
- Table 58 IBM Corporation Company Overview
- Table 59 IBM Corporation Financial Overview
- Table 60 Oracle Company Overview
- Table 61 Oracle Financial Overview
- Table 62 Johnson Controls Company Overview
- Table 63 Johnson Controls Financial Overview
