DUBLIN, Feb. 5, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4nkb8l/gcc_cyber) has announced the addition of the "GCC Cyber Security Market Focus on Solutions (Network Security, Endpoint Security & Others), Services (Consulting, Risk Assessment, and Others), Application (BFSI, Telecommunication & Others) - Estimation & Forecast, 2016-2022" report to their offering.
The GCC Cyber Security market is estimated to grow over $10.41 billion by the end of 2022. Currently, Cyber Security solutions are acquiring a major share of the market because of an increase in the internet users in the GCC region with current estimation being approximately 40 million. Also, 45% of the social networking users in the U.A.E witnessed cyber crimes in 2015.
The GCC region acquires a significant share of the world's energy resources and with an increased usage of personal internet and smart devices for banking applications over the past few years, the region has become more exposed to phishing and DDOS attacks. Globally, the United Arab Emirates (U.A.E) is placed at the fifteenth position as a victim of cyber attacks due to the high density of established commercial and government organizations in the country.
Increased interconnectivity, digitization, and use of social media within the organizations have made the GCC appear more pregnable to cyber crimes. In 2012, Saudi Aramco, the world's largest oil company, was hit by a virus attack, which caused large scale damage of about $15 million and loss of critical data. In 2015, around 50% of the organizations faced Distributed Denial of Service (DDOS) attacks.
Cyber space is continually expanding with new and innovative developments like Internet of Things' and Big Data', which will add to more levels of complexities and security challenges with regard to the various networks and systems. Therefore, cyber security will prove to be an important element of any organization and will attempt to provide many opportunities to a number of vendors to foster cyber security solutions in the GCC region.
Key Topics Covered:
1 Executive Summary
2 Research Scope
3 Research Methodology
4 Market Overview
5 Competitive Overview
6 Industry Analysis
7 GCC Cyber Security Market By Solutions And Services
8 GCC Cyber Security Market By Application Verticals
9 GCC Cyber Security Market By Country
10 Key Market Players Profiles
- Booz Allen Hamilton Corporation
- Cassidian Cybersecurity Company
- Cisco Corporation
- Computer Science Corporation (Csc)
- Fireeye Inc
- Fortinet Inc
- Kaspersky Lab
- Mcafee Corporation
- Symantec Corporation
- Trend Micro Inc
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SOURCE Research and Markets