Market Size of Qatar Cybersecurity Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Cybersecurity Market Analysis
The Qatari cybersecurity market is expected to register a CAGR of 12.6% during the forecast period.
- Organizations are fighting on all fronts to combat the rising cyber dangers as the world moves toward a more digital landscape. Currently, enterprises have to traverse a more complicated threat landscape due to the recent changes. The challenges of safeguarding digital activities with the hybrid work model have also prompted enterprises to reassess their security approach with robust, industry-leading security solutions.
- Qatar has been at the forefront of preventing the spread of cyber-attacks and creating a safe environment. The country has developed an advanced cyber security platform, Warning, to identify and detect security threats against corporations and infrastructure systems. The platform is the result of a three-year collaboration between the QCRI, the Ministry of Interior, the Supreme Committee for Delivery and Legacy, TOBB University of Economics and Technology in Turkey, Kadir Has University, and Interprobe, a cyber-defense firm.
- The widespread adoption of hybrid work environments and the increased usage of digital-centric communication channels have expanded the attack surface, creating new organizational security risks for people and data. By safeguarding email and business communications, the Mimecast X1 Platform is engineered to leverage a rich intelligence source to learn about people and how they collaborate. These insights enable organizations to work safely by protecting their people, data, and communications.
- The organization of massive sports events, such as Formula One, and Fifa World Cup, attracts cyber attacks on networks and the country's critical infrastructure. With such events being conducted in the country, the government has initiated various projects to improve the country's cybersecurity.
- Due to the COVID-19 outbreak, the country implemented preventive measures such as lockdowns, leading to the shutting down of offices and increasing the trend of work-from-home. The increase in remote connections, augmented by work-from-home and the adoption of BYOD, increases the scope of cyber threats in the region, thus resulting in the rising adoption of various cybersecurity solutions.
