GCC Ransomware Protection Market Future Business Opportunities 2023-2028 | MarkNtel

 

As per MarkNtel The GCC Ransomware Protection market is projected to grow at a CAGR of around 8.23% during the forecast period, i.e., 2023-28. The rising incidents of ransomware attacks since the historical period have increased privacy & security issues for the companies in the region. Cybercriminals targeted organizations across various industries, including finance, energy, healthcare, and government with sophisticated ransomware attacks. In 2021, several companies in the UAE paid nearly USD1.4 million to regain access to leaked data & systems.

GCC Ransomware Protection Market Systems Market Insights:

Moreover, awareness regarding the adoption of cybersecurity has been observed in the Gulf Cooperation Council (GCC) region. Organizations have come to a realization of the imperativeness to safeguard their critical data & IT infrastructure against the looming threat of ransomware attacks. As a result, the demand for cutting-edge ransomware protection solutions, including advanced anti-malware software, robust network security solutions, and robust data backup & recovery solutions, has witnessed a remarkable surge.

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GCC Ransomware Protection Market Systems Market Segmentation:

By Component

  • Solution
  • Standalone anti-ransomware software
  • Secure Web Gateways
  • Application Control
  • IDS/IPS
  • Web Filtering
  • Threat Intelligence
  • Services
  • Professional Services
  • Consulting
  • Training and Education
  • Support and Maintenance
  • Managed Services

By Deployment Mode

  • On-premise
  • Cloud
  • By Organization Size
  • Small & Medium Enterprises
  • Large Enterprises

By Application

  • Network Protection
  • Endpoint Protection
  • Email Protection
  • Database Protection
  • Web Protection

By Industry

  • Government & Defence
  • BFSI
  • IT & Telecom
  • Healthcare & Life Sciences
  • Education
  • Energy & Utilities
  • Retail
  • Others (Manufacturing, Media and Entertainment, Transportation, etc.)

By Country

  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

GCC Ransomware Protection Market Recent Development:

  • 2022: Trend Micro Incorporated signed an agreement with the Ministry of Communications & Information Technology of Saudi Arabia to maximize investment in hybrid cloud security solutions, endpoint security, extended detection, network security, and response against security threats with the launch of a local cloud data lake for cybersecurity SaaS solutions in the country.
  • 2022: Kaspersky launched a new service to enhance its digital footprint intelligence by taking down malicious domains. The service aims to identify & neutralize threats posed by malicious domains to protect users from cyber threats.

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GCC Ransomware Protection Market Drivers:

The ever-increasing cases of ransomware attacks have been a cause of concern in the GCC (Gulf Cooperation Council) region, propelling the demand for effective ransomware protection solutions. With the surge in cyber threats & the increasing sophistication of ransomware attacks, businesses & organizations in the GCC region are realizing the critical need for robust defenses to safeguard their valuable data & assets. The demand for ransomware protection has risen as organizations are more reliant on digital infrastructure than in the past, specifically followed by the COVID-19 pandemic due to the remote work trend.

Report Highlights Essential Insights for Strategic Decision-Making

  • Detailed market size, share, and forecast analysis
    • In-depth pricing trends and segment-wise cost evaluations
    • Key industry strategies, including innovation, partnerships, and acquisitions
    • Critical value chain analysis and stakeholder profiling
    • Regional import-export market insights and trade flow assessment
    • Thorough competitive benchmarking of top hearing aid manufacturers
    • Identification of new growth opportunities and niche market segments
    • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the GCC Ransomware Protection Market are:

  • Acronis International GmbH
  • Help AG
  • Spire Solutions
  • Trend Micro Incorporated
  • Fortinet, Inc.
  • AO Kaspersky Lab
  • Sophos Ltd.
  • McAfee, LLC
  • Check Point Software Technologies Ltd.
  • Palo Alto Networks
  • Others

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

  • Define objectives and research design
  • Collect data through surveys and interviews
  • Analyze and validate data using reliable tools
  • Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.

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