Middle East & Africa (MEA) AI, Cyber Security & Big Data Analytics Market Size (2024 - 2029)

Middle East Cyber Security Market Analysis

The Middle East & African AI, Cyber Security & Big Data Analytics Market is expected to register a CAGR of 20.4% during the forecast period. Middle East & African countries have witnessed a significant increase in the adoption of advanced technology. In recent times, rapid digitalization in countries like the United Arab Emirates and Saudi Arabia has triggered a high number of connected devices in the region.

• Enterprises in the end-user industries are increasingly deploying AI to realize cost benefits, increase productivity, and improve their safety standards. Several government-driven initiatives are changing the dynamics of the industrial sector, reshaping the landscape in critical economies within the Middle East & African region, and creating more robust institutional set-up and practical regulatory frameworks to promote private sector investments.
• Moreover, regional governments have conducted long-term plans to use AI and ML as an economic stimulus or enhance workforce efficiency and government structure agility. Now, AI programs are carried out with the government's direct support. The UAE government is the first country in the Middle East region to launch its AI strategy and the first in the world to create a Ministry of Artificial Intelligence. The government also planned to invest in AI technologies in about nine sectors.
• Further, in the Middle East & African region, a country like Saudi Arabia plays a significant role in creating an AI-friendly ecosystem with high-speed broadband and 5G deployment, data access, and security. For instance, in the 1st quarter of the current year, The CITC (Communications and Information Technology Commission) of Saudi Arabia moved on with its fifth-generation (5G) technology deployment plan. In collaboration with the UK business Stratospheric Platforms Limited, The CITC tested the High-Altitude Platform System, which delivers 5G network coverage from the stratosphere.
• However, the surge in the overall operational challenges due to the lack of supporting infrastructure in the Middle East & African region might be a factor that could overall restrain the market's growth throughout the forecast period.
• With COVID-19 becoming the new reality, organizations worldwide must respond proactively to cyber threats that have witnessed a spike during the pandemic. For this reason, cyber resilience, which refers to a sector or organization's ability to respond to, prepare for, and recover from cyberattacks, has become an absolute necessity rather than a mere option in the current scenario. Moreover, over the past few decades, various crucial initiatives to enhance online privacy and security for consumers and companies incrementally gained traction in the technology sector and among vital regulatory agencies across the Middle East and North America.

Middle East Cyber Security Industry Segmentation

The study analyzes the current market scenario and growth trends related to the AI, Cyber Security, and Data Analytics industries in the Middle East & Africa region, with a focus on the developments in the GCC region, which has emerged as one of the major hotspots for investments, aided by substantial investment activity and supportive governmental policies.

The study tracks the country-level market dynamics and the primary implementation use cases for AI and data analytics. The study analyzes the impact of COVID-19 on the region's I and digital transformation-related technologies.

The Market is Segmented by Component (Hardware, Software, Services), End-user Industry (IT & Telecom, Retail, Public & Government Institutions, BFSI, Manufacturing, and Construction, Healthcare), Cyber Security Type (Network, Cloud, Application, End-point, Wireless Network), Big Data Analytics Type (Data Discovery & Visualization, Advanced Analytics), and Country (UAE, Saudi Arabia, Qatar, Kuwait). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.