UAE content security market will be $193.3 million in 2018: Frost & Sullivan

Infotech Lead Middle East: The UAE content security market earned revenues of over $72.3 million in 2012. This figure is estimated to reach $193.3 million in 2018.
Over the next four to five years, it is likely that the market will be driven by context-aware and adaptive security features against known and unknown threats, according to Frost & Sullivan.
The report reveals that service providers and banking, financial services, insurance (BFSI) verticals are the top spenders and public sector companies have also begun to invest in enhancing their security infrastructure.
The growing secure content management market in the UAE is seen becoming less fragmented and more segmented. Solutions are specifically designed for small and medium businesses (SMBs) as well as large enterprises.

Ankit Mishra, Frost & Sullivan Information and Communication Technologies senior research analyst, observed, “The content security market is dominated by on-premises solutions; however, cloud-based security is gradually gaining momentum in the UAE. Apart from technology trends, the market has also witnessed support from the increasingly stringent regulations that enforce security compliance among enterprises.”

The content security market in the UAE is growing to keep up with rising security threats that continue to become more sophisticated in nature. Enterprises are increasingly depending on e-mail and web applications and rapidly adopting BYOD, leading to the growth of managed security service providers (MSSPs). This has resulted in higher throughputs, more web-based applications, complex connections within applications, and access to large amounts of data within most enterprises.

As the business landscape in the UAE is rapidly changing in terms of the way IT competencies are developed and delivered, enterprises are moving on from the traditional method of accessing data though a local area network (LAN) or internal data centers.

Despite the increased consumerization of IT, solution providers face a high shortage of skilled labour in the Middle East markets. This causes the cost of business to increase, making companies wary of investing in the region.

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