GCC Cyber Security Market Outlook 2024 Sample – by Goldstein Research by Goldstein Market Intelligence

GCC Cyber Security Market Outlook

GCC Cyber Security Market Outlook 2024: Opportunity & Growth Analysis, 2017-2024

Report Code :AM 1335

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GCC Cyber Security Market Outlook

Table OF COnTenTs Connect With Us:

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Vision

Value

Visibility

GCC Cyber Security Market  GCC Cyber Security Market Outlook  GCC Cyber Security Market  Market Size (USD Billion)  Forecast Analysis (2017-2025)  Market Share & CAGR (%)  Regional Share Distribution (%)  Target Markets (Countries)  Cybersecurity Trends  Technology Trends  Investment and Regulatory Environment  Macroeconomic Trends

 Market Dynamics

 Growth Drivers  Market Restraints  Risk Analysis (Supply & Demand)  Economic Variations  Recent Trends & Developments  Opportunities

 Cyber Security Market Segmentation  

General Market Overview Factors Covered in Segmentation Analysis (Below mentioned factors has been covered in all regions and segments)  Market Size ($ Billions) & CAGR  Market Share Analysis (%)  Year on Year Growth Rate (%)  Key growth factors and opportunities  Key market trends  BPS Analysis & Attractiveness



Cyber Security Solutions Analysis  Risk and Compliance Management  Unified Threat Management (UTM)  Security Incident Management  Identity and Access Management (IAM)  Encryption  Intrusion Prevention Systems  Other (Disaster Recovery etc.)

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GCC Cyber Security Market 

Cyber Security Services Analysis  Managed Services  Professional Services  Cyber Security Deployment Analysis  Cloud  On-Premises  Cyber Security End Users Analysis  Government Sector  BFSI (Banking, Financial Services and Insurance)  Manufacturing  ICT (Information and Communication Technology)  Aerospace and Defense  Retail  Healthcare  Other (Education etc.)

GCC Cyber Security Market : Regional Segmentation  Saudi Arabia Cyber Security Market Outlook     

Market Size (USD Billion) Forecast Analysis (2017-2025) Growth Analysis (%) Adoption Rate (%) Investment and Regulatory Environment

 UAE Cyber Security Market Outlook     

Market Size (USD Billion) Forecast Analysis (2017-2025) Growth Analysis (%) Adoption Rate (%) Investment and Regulatory Environment

 Qatar Cyber Security Market Outlook  Market Size (USD Billion)  Forecast Analysis (2017-2025)  Growth Analysis (%)  Adoption Rate (%)  Investment and Regulatory Environment

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Vision

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Visibility

GCC Cyber Security Market  Oman Cyber Security Market Outlook

 Market Size (USD Billion)  Forecast Analysis (2017-2025)  Growth Analysis (%)  Adoption Rate (%)  Investment and Regulatory Environment

 Bahrain Cyber Security Market Outlook

 Market Size (USD Billion)  Forecast Analysis (2017-2025)  Growth Analysis (%)  Adoption Rate (%)  Investment and Regulatory Environment

 Kuwait Cyber Security Market Outlook

 Market Size (USD Billion)  Forecast Analysis (2017-2025)  Growth Analysis (%)  Adoption Rate (%)  Investment and Regulatory Environment



Competitive Outlook  

Market Share of Major Players (2017) Company Profiles  IBM Security  Company Synopsis  Business Strategy  Product Descriptions (Packing Sizes, Pricings etc.)  Product Portfolio  SWOT Analysis  Raytheon Company  Mimecast  Cisco  CyberArk Software  Lockheed Martin  BAE Systems  Rapid7  Palo Alto Networks  Symantec

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GCC Cyber Security Market, 2017-2024 • • • • • •

Root9B Herjavec Group FireEye Sophos Sera-Brynn Kaspersky Lab

 PESTLE Analysis and Value Chain Analysis of Cyber Security  Porter’s Five Force Model  Market Landscape: Competition and Beyond  Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem  Expert Analysis  Concluding Remarks

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GCC Cyber Security Market Outlook

1. exeCuTive summary Connect With Us:

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GCC Cyber Security Market Outlook GCC Cyber Security Market Share(%), By Region-2017-2024

GCC Cyber Security Market Size USD (Billion). 2017-2024 XX XX

XX% CAGR: (2017-2024)

15.0 25.0 0% 20160% 8.00 %12.0 30.0 0% 0% 10.00%

XX XX XX

m a S Saudi Arabia

2016e 2017e 2018f

2019f

Source: Goldstein Research

2020f

2021f

2022f

2023f

2024f

With

XX%

XX% XX%

XX%

40.00 %

Unified Threat Management (UTM) Security Incident Management

XX%

Identity and Access Management (IAM)

60.00 %

Kuwait

GCC Cyber Security Market Share (%), By End Users -2016

XX%

XX% XX% XX% XX%

XX%

Encryption

Other (Disaster Recovery etc.)

Bahrain

XX% XX%

Intrusion Prevention Systems

Source: Goldstein Research

Oman

GCC Cyber Security market

Risk and Compliance Management

XX%

Qatar

XX% share in 2016, UAE dominated the

GCC Cyber Security Market GCC Cyber Security Market Share (%), By Deployment Type -2016 Share(%), By Solution Type - 2016

XX%

e l p United Arab Emirates

Source: Goldstein Research

BFSI Sector accounted for the highest market share XX% in GCC Cyber Security Market

In 2016,

28.28 15.15 % 2024 % 8.08 %12.12 26.26 % % 10.10%

Cloud

On-Premises

Source: Goldstein Research

Government Sector Manufacturing Aerospace and Defense Healthcare

BFSI ICT Retail Other (Education etc.)

Source: Goldstein Research

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GCC Cyber Security Market Outlook  The GCC cyber security market is expected to reach USD XX billion by 2024, from an estimated USD XX billion in 2017, growing at a CAGR of XX% during 2017-2024. GCC states have invested heavily in cyber protection, and have developed a variety of legislative and other measures to tackle cybercrime. However, current policies and instruments are inadequate. Legal frameworks are underdeveloped and have yet to be fully implemented, and there is no common approach across the region.  Opportunities for using IT technology have improved in the last few years with the growing population of Smartphone and tablet users in the GCC, even among older age groups, supported by a proliferation of health apps and software, although only few are currently being extensively used.

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 As a region, the GCC remains largely a consumer rather than a creator of digital technology and services. That is true for all GCC countries; they all score below the average in terms of information and communications technology (ICT) supply and innovation, with Qatar having a slightly more advanced position.

m a S

Emergence of Internet of Things

Growing Digitization

 The public sector — 19 United Arab Emirates (UAE) government websites were targeted in July 2014, according to the Telecommunications Regulatory Authority (TRA) of the UAE.  Financial services — RAK Bank in the UAE and BMI in Oman were attacked in 2012 and 2013, respectively, by an international group of hackers.

Growing Cyber Attacks

 Oil and gas — Saudi Aramco and RasGas, the Qatari national gas producer, fell victim to attacks in 2012.  The GCC cyber security spending with the exception of the banking and energy sector does not meet the global standard. Only about 37% of the major firms have comprehensive security and training services as compared to 53% globally.

GCC Cyber Security Market Size (USD Billion) BFSI Sector

Defense Sector

2016

USD XX Billion

2024

USD XX Billion

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Lack of Cyber Talent

GCC Cyber Security Market Outlook

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Research Methodology

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Research Methodology

Goldstein Research follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecast of a particular market. We provide estimates, forecast and analysis primarily based on secondary research, primary interviews, in-house database and other free as well paid sources. Our company follows simultaneous top down and bottom approach in order to provide you the accurate market sizing. Data triangulation method is strictly followed where we triangulate the data from all the aspects, be it Function Type, application, industry verticals, material, product type or geography. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the on-going and upcoming trends of the market. We conduct both primary and secondary research in order to estimate a market and validate our key findings. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate data and analysis. Adding to that; technological, economic, cultural and social aspects along with the regulatory barriers are completely analysed to understand the comprehensive market scenario across different geographies. Understanding the market from both buyer and seller point of view is important to track a market and provide analysis on the same. We not only provide the market data of the four geographies as a whole, namely, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World (RoW) but we also provide you qualitative as well we qualitative information on country level bifurcation. We at Goldstein Research provide you: • Precise Estimates and Forecast • Authentic Analysis • In-depth Data and Analysis • Authentic Sources • Reliable Data and Analysis

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GCC Cyber Security Market Outlook

4. COmpeTiTOrs regiOnal analysis Connect With Us:

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Major Players Presence-Regional Analysis

Major Players/ Industries

Presence in GCC

Symantec Corp

McAfee

Raytheon Company

Optimization services, Managed services, Technical services, Software support, Solution support, Product support

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High Penetration

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Kaspersky Anti-Virus Software, Kaspersky Small Office Security, Kaspersky Endpoint Security Cloud, Anti Targeted Attack, Cloud Security

Kaspersky Lab

IBM Security

Penetration Intensity in Market

Business Antivirus Software, AVG CloudCare, AVG Managed Workplace

AVG Technologies

Cisco Systems Inc.

Products and Services

Managed security services, Cloud security services, Network protection, Managed firewall service, Managed Detection and Response Advanced Threat Protection, Information Protection, Endpoint Security, Email Security, Network Security, Cloud Security, Cyber Security Services Next-Generation Firewalls, Advanced Malware Protection, Email Security, Web Security

Optimization services, Managed services, Technical services, Software support, Solution support, Product support

Medium Penetration

Low Penetration

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GCC Cyber Security Market Outlook

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GCC Cyber Security Market Size (USD Billion) & Growth Analysis GCC Cyber Security Market Size (USD Billion)-2017-2024 XX

XX XX

XX 2016e

2017e

Source: Goldstein Research

m a S

2018

2019

2020

e l p

2021

2022

2023

2024

GCC Cyber Security Market

is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2017-2024. The market is anticipated to reach USD XX Billion by the end of 2024. Governments, enterprises, and individuals in the GCC are adopting connected digital technologies and applications on a massive scale in a process known as digitization. The GCC’s digital markets are expanding at an overall compound annual growth rate of XX per cent and could add as much as USD XX billion to gross domestic product and create XX million new jobs by 2025. GCC is a desirable target for many cybercriminals in terms of financial gain due to the poor awareness of many ICT users, the lack of technical ability and appropriate legislation, and the availability of cash. GCC banks lag behind in their implementation of effective ICT data-security measures, and although financial institutions are working to improve policies and procedures to meet international standards, the implementation of these security measures is currently at a weak stage, Companies in the region are beginning to create solutions to block network breaches and cyberattacks, but cybercriminals are changing tactics to evade detection and continue to steal information. According to Intel Security, cybercrime damages not only trade itself, but also innovation, competition and growth. The majority of Middle East countries rank high in international financial crimes statistics. Copyright

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GCC Cyber Security Market Outlook

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Market Dynamics

Fig: 13: Growth Drivers

Fig: 14: Growth Barriers

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Short Driving Range and Speed

Money Saving

m a S Utilizing lead acid battery technology

Sample

Not Not Suitable for Cities Facing Shortage of Power

General Trend

Highly Complex

Moderately Complex

Waived

Technology Copyright

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GCC Cyber Security Market Outlook

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Growth Drivers GCC Cyber Maturity: A Government Perspective  The development of cybercrime legal frameworks is essential to the management of cybersecurity risks in the GCC. Having cybercrime laws to which all states adhere, and that are in line with international norms and standards, would support a safe, trustworthy and secure internet. While all six GCC states have cybercrime laws in place, most of these laws focus on criminalization and expand the definition of content-related cybercrime to a wide spectrum of acts such as defamation and damaging the state’s reputation – using vaguely worded provisions which may therefore fail to ensure adequate protection of human rights as defined in international law. In addition, in most cases GCC cybercrime laws neither elaborate on procedural law nor provide a legal basis for interstate cooperation.  Regional and international anti-cybercrime cooperation in the GCC countries is still in its infancy. Most GCC countries still rely on informal regional and international channels, such as policeto-police or agency-to-agency cooperation. While useful, these mechanisms limit investigative actions, lack a common approach, and must operate within multiple law enforcement networks.



The government and the financial institutions make up the largest industries that invested in cybersecurity in 2017, accounting for XX% and XX% of GCC cybersecurity spend respectively.



While small-medium-enterprises (SMEs) account for half of the city state’s gross domestic product (GDP), their cybersecurity spend are much smaller compared to multinational corporations (MNCs), which drive XX% of GCC cybersecurity spend



Establishment of shared operational responsibilities with relevant stakeholders in the private sector. Sector regulators can play an important role in this regard by driving the development of sectorspecific cyber-security requirements and information infrastructure protection plans aimed at elevating security and cyber capabilities within sectors.



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Penetration Rate (%) of Asia Pacific Cyber Security in Various Verticals, 2016 BFSI

XX%

Government & Public Sector

XX%

Manufacturing

XX%

Service Provider

XX%

Education

XX%

Retail & Hospitality

XX%

Healthcare

XX%

Utilities

XX%

XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX%

High

Medium

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Fostering of collaboration between national and international stakeholders to create a cybersecurity environment in which information, best practices, and lessons learned are shared and widely adopted. Impact Analysis: A failure to tackle cybercrime would imperil strategic development plans intended to diversify GCC economies and reduce their reliance on the hydrocarbons sector. These plans involve expanding the region’s digital capabilities – leveraging, among other things, the existence of a large cohort of tech-savvy young people and high levels of internet and mobile penetration. 

GCC states and cities are developing – and aspire to expand – ‘smart infrastructure’ consisting of networked devices, adaptive systems and other digital technologies. But many of the likely components of this infrastructure are known for poor security, and thus vulnerable to cyberattack.

Low

Impact on GCC Cyber Security Market Copyright

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Growth GCC Cyber Drivers Security Market Outlook

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Market Restraints IT Security Spending Has Become More Difficult To Track  IT security are rooted in servers, networking gear, data centers and IT infrastructure, PCs, laptops, tablets, and smartphones but are not fully evolved to ‘cybersecurity’ which includes non-computer devices and non-IT centric platforms and environments — which covers entire submarkets i.e. aviation security, automotive security, IoT security, and IIoT (Industrial Internet of Things) security  Big branded tech companies with sizable professional services organizations providing cybersecurity services have yet to set up specific divisions or revenue reporting which analysts need in order to capture accurate market figures  Tracking security-related budget and cost line items to justify expenditures or document trends can be difficult because security activities cut across many business areas, including human resources, training and help desk

Tenets Required To Develop Asia Pacific Cyber Security Systems

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Impact Analysis: Forecasts are unable to keep pace with the dramatic rise in cybercrime, the ransomware epidemic, the refocusing of malware from PCs and laptops to smartphones and mobile devices, the deployment of billions of under-protected Internet of Things (IoT) devices, the legions of hackers-for-hire, and the more sophisticated cyber-attacks launching at businesses, governments, educational institutions, and consumers globally

m a S

 A bigger threat is the misuse of ML algorithms by hackers to develop autonomous techniques that jeopardies the security and safety of vital information

Source: Goldstein Research

Tenets Required To Develop Asia Pacific Cyber Security Systems

 Since the emergence of the internet, the Asia–Pacific has had a fundamental change in its financial evolution from one of the more economically immature regions of the world to one of the most dynamic international markets, in which almost every country is working to leverage the market opportunities presented by the online world

Web Crimeware Applications (XX%) (XX%) Point Espionage of Sale (XX%) Cyber Privilege Miscellaneous Misuse (XX%)

Impact on GCC Cyber Security Market High

Medium

Source: Goldstein Research

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Low

GCC Cyber Security Market Outlook

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GCC Cyber Security Market Opportunity, 20172024 Trends And Opportunities The global economic recovery played a significant role in the performance of the travel industry. The global GDP growth went from XX per cent in 2016 to XX per cent in 2017. Consequently that lead to an increase in the disposable income for travellers, especially in developing countries. We can certainly argue that the increase in the buying power of consumers, combined with low-cost airfares in the airline industry, directly influenced the growth in the Cyber Security market. Still Cyber Security companies cannot rely only on global economic growth for future success.

e l e l p p m m a a SS

There are few more aspects that will have a disruptive effect on the Cyber Security industry. Some of them bringing opportunities and some of them representing challenges. Fig: 19: Impact of Latest Trends on Cyber Security Market

XX%

management XX%

Real-time information XX%

Technology Innovation Carsharing has been keeping Cyber Security companies on their toes for a few years now. At the same time, it pushed them to expand and find opportunities in this shift in customer trends. Offering Cyber Security by the hour was one of the first resolutions that the leading Cyber Security companies implemented. which resulted in taking a share of the new demand. Car-sharing is a recent phenomenon in developing countries, only taking root within the last three years. Although there are few car-sharing operators in developing countries, the number of systems is growing. Car-sharing is most active in Central and South America, which has five systems in operation, and in Turkey, with three small systems. Following those two areas, China currently has two car-sharing operators, while Zoom will mark the first carsharing operation in India

Government Initiative XX%

Impact Analysis (on the basis of Latest Trends

The green vehicle Shifting the focus to green vehicles will not only give a more economical alternative to customers, but will contribute to a bigger cause â&#x20AC;&#x201C; increasing awareness about pollution and the negative effects it has on the environment. For some Cyber Security companies, this step might be as an alternative to higher oil prices, and for others/

Usage-Based XX%

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GCC Cyber Security Market Outlook : 20172024

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GCC Cyber Security Market Outlook : 20172024 The GCC Cyber Security market has grown to reach nearly USD XX billion in 2017-18, of the total, and BFSI (Banking, financial services and insurance) segment held largest market share, accounted for USD XX billion.

Fig: 17: GCC Cyber Security Market Share, By End User, 2017-2024

XX% XX%

XX%

XX% XX%

XX%

Government Sector

BFSI (Banking, Financial Services and Insurance) Aerospace and Defense

Healthcare

Other (Education etc.)

e l p

Manufacturing

m a S

ICT (Information and Communication Technology)

Retail

Out of all the attacks in the UAE, about 35% are targeted towards the banking community which makes it a priority for banks and financial institutions to optimize cyber resilience and enhance incident response preparedness to protect data and mitigate risks associated with money laundering and fraud.

C5 established a cyber security Fig: 17: GCC Cyber Security Market Y-O-Y Growth, By End User, laboratory in Bahrain with the aim of driving better awareness and 2017-2024 encouraging developments of solutions to address threats of cyber attacks in the MENA region.

2016e

2017e

2018f

2019f

2020f

2021f

2022f

2023f

2024f

XX% of GCC companies lost more than USD XX million compared to XX% globally. Theft of “hard” intellectual property had increased by XX% in 2017, accounting for average financial loss of USD XX million due to security incidents.

Fig: 17: GCC Cyber Security Market Size (USD Billion), By End User-2017-2024

B FSI ( Bank ing, Financial Serv ices and In suranc e )

IC T (Information and Commun icati on Techn ology)

Aerosp ace and D e fen se

Other (Ed ucatio n etc.)

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Govern ment S e c tor

Health care

Manufacturi ng

Re tail

GCC Cyber Security Market Size (USD Billion) By End User Industry, 2017-2024 End User/Year

2016

2017

2018

2019

2020

2021

2022

2023

2024

CAGR( %)

Aerospace and Defense Industry

XX%

Banking, Financial Services, and Insurance (BFSI) Industry

Government

IT and Telecommun ication Industry

Energy and Utilities Industry

Healthcare Industry

Manufacturi ng Industry

Retail Industry

Other Industries (Education, Media and Entertainme nt, and Automotive)

e l p XX

XX%

m a S

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6.1.1. GCC Cyber Security In Healthcare Market, 2017-2024 Fig:- 6-4 GCC Cyber Security In Healthcare Market Size (USD Billion)2017-2024 XX

XX XX

XX XX XX

2016

2017

m a S

2018

2019

2020

2021

2022

2023

e l p

2024

Fig:- 6-5 GCC Cyber Security In Healthcare Market Y-O-Y Growth (%) Analysis-2017-2024 XX% XX% XX% XX% XX%

XX% XX% XX% XX% XX% XX% XX% XX%

2016

2017

XX% XX% XX% XX% XX%

2018

2019

2020

2021

2022

XX% XX%

2023

GCC Cyber Security in Healthcare was USD XX billion in 2017. In 2017, GCC region come across huge number of cyber attacks and over 25% of ransomware attacks were commenced. This growing cyber risk is raising awareness and requirement to mitigate cyber threats in GCC region. Increasing digital transformation and connectivity GCC region is making it exposed to cyber threats MENA Cyber Health Summit, scheduled to take place in 2018, United Arab Emirates, aims to create a platform for all stakeholders to discuss and help healthcare organizations to develop a real-time response and recovery, to cyber threats. The concept of connected healthcare is advancing the industry, increasing the opportunities for attackers to breach defenses. The IT framework of health care facilities has also created challenges in building an effective cybersafeguard, according to information security leaders who say health chiefs must adopt a 360-degree view of cyber security to block bad actors.

2024

Fig:- 6-5 GCC Cyber Security, By Spam Traffic Generation Share (%) in GCC Region, 2016 Saudi Arabia Kuwait UAE Bahrain Oman Qatar XX%

XX%

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XX%

GCC Cyber Security Market Attractiveness and BPS Analysis by Delivery Mode, 2017-2024 Fig: 17: GCC Cyber Security Market Attractiveness-By Delivery Mode, 2017-2024 XX%

XX%

XX% 0

BFSI

m a S

100

Aerospace & Defense

200

300

400

e l p 500

600

IT & Telecom

Healthcare

Retail

Government

Manufacturing

Others

700

BFSI segment holds the largest revenue share in the GCC cyber security market as this segment is primarily under threat of cyber attacks and thus it is likely to expand at XX% CAGR during the forecast period. GCC countries are among the global leaders in cyber-security preparedness, as the region's network security spending will triple to USD 1 billion by 2018. GCC organizations are among the world's most advanced in deploying solutions that proactively protect devices, user information, and corporate data. The most high-profile breach was in 2017 against Qatar National Bank, the largest lender in the region, when criminals posted the names and passwords of customers online.

Fig: 17: GCC Cyber Security Market BPS Analysis- By Delivery Mode, 2017-2024

www.goldsteinresearch.com Other Industries

Retail Industry

Manufacturing Indu stry

IT and Telecommunication Industry

Government

B anking, Financial Services , and Insurance ( BFSI) Industry

H ealthcare Industry

Energy and Utilities Industry

Regional Analysis of GCC Cyber Security Market

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GCC Cyber Security Market Size (USD Billion) & Y-OY growth (%), By Region- 2017-2024 GCC Cyber Security Market Size(USD Billion)-2017-2024 XX% XX XX

XX%

XX XX

CAGR: (2017-2024)

XX XX

XX%

XX XX% XX%

e l p XX%

XX XX

XX%

XX XX 2016e

2017e

m a S 2018f

Source: Goldstein Research

2019f

2020f

GCC Cyber Security Market Size (USD Billions), By Country-2017-2024 XX

XX%

2022f

2023f

GCC Cyber Security Market Size (USD Billion), By Deployment Type-2017-2024 XX

XX%

2021f

XX%

XX XX%

XX%

XX% 2016 Saudi Arabia

UAE

Oman

Qatar

Bahrain

Source: Goldstein Research

2016

2024

Kuwait

Cloud

2024 On Premise

Source: Goldstein Research

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GCC Cyber Security Market Outlook, 2017-2024

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U.A.E. Cyber Security Market Size (USD Billion) & YO-Y growth (%), 2017-2024 U.A.E. Cyber Security Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2017-2024 XX% XX

XX XX

XX%

XX XX XX

XX%

XX XX XX 2016e

m a S XX%

XX%

2017e

e l p XX

CAGR: (2017-2024) XX

XX%

2018f

XX%

2019f

Source: Goldstein Research

Key Insights

UAE cyber security market accounted for USD XX billion in 2016 which tends to increase at a CAGR of XX% over the forecast period and reach the valuation of USD XX billion by 2024. Cyber-attacks pose a significant threat to oil and gas companiesâ&#x20AC;&#x2122; supply chains, and in turn, could impact oil-based economies. The UAE leads the way in technology investment, with Dubai launching a cyber security strategy in 2017, focused on areas including enhancing awareness in public and private sectors, research and development (R&D), data privacy and business continuity.

XX%

2020f

XX%

2021f

2022f

XX% XX% XX% XX% XX% XX% XX% XX% XX%

2023f

Fig: 24: U.A.E. Investments in Cyber Security, 2017-2024

2012

2013

2014

2015

2016

2017

2018

Source: Goldstein Research

The UAE Banks Federation (UBF) is prospecting partnership with U.S.-based Anomali to create the Information Sharing and Analysis Center. This is expected to bring together cyber security data from 13 banks to aggregate, correlate and analyze the level of threat.

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GCC Cyber Security Market Attractiveness-By Country, 2017-2024 GCC Cyber Security Market Attractiveness-By Country, 2017-2024 XX% XX%

CAGR (%)

XX% XX% XX% XX% XX% XX% XX

Market Size (USD Billion) Saudi Arabia

U.A.E.

Source: Goldstein Research

e l p m Oman

Bahrain.

Kuwait.

Qatar

According to the above graph, UAE cyber security market is anticipated to be the most attractive market across all the countries in cyber security market, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2017-2024

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Oman cyber security market is growing at a fastest rate of XX% CAGR, thus Oman market share is expected to grow by compensating the market share of Saudi Arabia. Oman is being listed among top 5 countries in the cyber security index, thus expecting the rise in investments and entry of new market players. Saudi Arabia is expected to continue its dominance over the forecast period to reach USD XX billion by 2024.

GCC Cyber Security Market BPS Analysis- By Country, 2017-2024

Source: Goldstein Research

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B ahrain

Q atar

Om an

UAE

Sau di Arabi a

GCC Cyber Security Market Outlook Outlook : 2017-2024

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GCC Cyber Security Market Outlook

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GCC Cyber Security Market Outlook IBM (Company Overview & Business Strategy)

Founded 1955

Employees 377,757

Headquarters U.S

Industries Catered

Company Overview  International Business Machines Corporation (IBM) is an American multinational technology company

e l p m a S

Website www.ibm.com

Key Products

Analytics

Big Data

Cloud

Smart Devices

Commerce

Security Access Manager

 IBM Corporation is one of the world’s largest software solution provider including application management services and process services

Mobile

Algo Credit Manager

 The company operates through five segments such as Global Technology Services, Global Business Services, Software, Systems Hardware and Global Financing

Security

Cognos Analytics

 Company is traded on the New York Stock Exchange (NYSE)

 Geographically, IBM Corporation represents its business in over 170 countries across the globe and provides various technology products

Business Strategy

Acquisitions: IBM Corporation acquired various technology and software solution companies and also teams up with Slack Technologies to build smarter data crunching Chatbot. The acquisition strategy of IBM Corporation further spur the growth across the globe in near future. Innovations: IBM Corporation continuously spending a large share of revenue for the research and development of innovative and new software solutions. IBM introduced and innovative hybrid cloud for enterprises, thus increasing the limits of technology. Portfolio Development: IBM Corporation is focusing on the expansion of its product portfolio of industryspecific analytic solutions for oil & gas exploration, GCC Cyber Securityrline mGCC Cyber Securityntenance and the internet of things (IoT) industry.

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Revenue (USD Billion)

IBM Corporation(Revenue & Financial Analysis)

XX XX

2014

e l p m e 2015

2016

l a S p m

Fig: 9-2 Material Handling Equipment Sales (Thousand Units), 2014-2016 Fig: 9-3 IBM Corporation Corporation Revenue (USD Billion), 2014-2016 XX

XX XX

XX XX 2014

a S

XX XX

Business Strategy

2015

XX XX XX XX

2016

2014

2015

2016

Improves quality control structure and globalization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of globalization. IBM Corporation Motors adopted IBM Corporation Global Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2016 for research and development of their products and services. IBM Corporation motors is one of the largest automobile and material handling equipment manufacturer across the globe and expected to lead other global companies in near future.

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GCC Cyber Security Market Outlook IBM Corporation (Business Segments & Recent News)

IBM Corporation Revenue (%)-By Business Segments, 2016 XX%

XX%

Autom otive XX%

XX%

IBM Corporation Revenue (%), By Region, 2016

XX%

Materi al Handli ng

XX%

Japan NorthAmerica

XX%

Europe Asia XX%

e l p m

Other

Key Findings

 IBM Corporation Corporation (TICO) has signed an agreement to acquire Vanderlande – the global market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – from the company’s current owner NPM Capital

a S

 IBM Corporation Corporation announces that it has concluded an agreement with major North American materials handling systems integrator Bastian Solutions LLC (“Bastian”) to acquire the company. The acquisition of Bastian signify IBM Corporation' full-scale entry into the North American materials handling solutions industry amid the e-commerce boom. Strategy Business  To expand company’s presence in emerging countries, IBM Corporation acquired the lift truck business of Taiwan-based Tailift Co., Ltd. In August 2015. By capitalizing on Tailift’s strength, company aimed to increase its sales in emerging c9oountries where market expansion is expected over the medium to long term.

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