Market Overview
This research report provides a concise overview of the Kuwait Managed Security Market, covering essential elements such as market size, share, growth, report, analysis, trends, industry report, and forecast report. It offers valuable insights into the current global market landscape, highlighting key developments and emerging opportunities. Backed by data and expert evaluation, the report helps businesses, investors, and decision-makers understand evolving market dynamics. With segment-wise coverage and forward-looking analysis, this market research serves as a practical tool for navigating the future of the Kuwait Managed Security Market.
Kuwait Managed Security Market Statistic and Research Methodology
The Kuwait Managed Security Market is projected to grow at a CAGR of around 3.0% during the forecast period, i.e., 2022-27.
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Market Key Driver-
Mounting Incidence of Cyber-Attacks in Kuwait- One of the major drivers of managed security market growth is the significant rise in the number of cyber-attacks. In fact, during the COVID-19 pandemic, Kuwait experienced more than 1000 cyberattacks during the first half of 2020 alone, including spam attacks, breaches of corporate email addresses, malware, ransomware, and malicious domains. The market expansion can be attributed to a sudden shift in enterprise preference for the integration of advanced technologies such as cloud and IoT, the implementation of a cybersecurity framework to improve the banking sector's resilience to cyberattacks, as well as increased spending on IT infrastructure development.
Key Player: -
- BT Group
- Algosec
- InfoPercept
- Fortinet
- Wipro
- Secureworks
- IBM
- Cisco
- Paladion Networks
- Intel
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Segmentation Analysis-
By Type
- Security Software
- Firewalls
- Data Security
- E-mail security
- End point protection
- Identity Access Management
- Web Proxi
- Cloud Access Security Brokers (CASB)
- Security Information and Event Management (SIEM)
- Threat Management
- Threat Intelligence/Visibility
- Integrated Risk Management Solutions
- Security Vulnerability Scanning
- Security Hardware
- Firewalls
- Network Access Control
- Security Managed Services
- Firewalls
- End point protection
- Identity Access Management
- Security Information and Event Management (SIEM)
- Threat Management
- Threat Intelligence/Visibility
- Security Vulnerability Scanning
By Enterprise Size
- Small & Medium size Enterprises
- Large Enterprises
Here, Small & Medium enterprises are anticipated to emerge as the fastest-growing segment in the Kuwait Managed Security Market in the projected time frame.
By Deployment Model
- On-Premises
- Cloud
Here, Cloud-Managed Security Services holds the largest share of the Kuwait Managed Security Market.
By End User
- Government
- BFSI
- Healthcare
- Manufacturing
- Retail
- Telecom & IT
- Oil & Gas
- Others (Hospitality, etc.)
By Service Provider
- IT Service Providers
- Managed Security Specialist
- Telecom Service Provider
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Frequently Asked Questions (FAQ)
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