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Kuwait Managed Security Market Analysis: Projected 3% CAGR by 2027, Exploring Size, Share, and Future Growth


MarkNtel Advisors has recently published "Kuwait Managed Security Market Analysis Share, Growth, Demand, Forecast  2027," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Kuwait Managed Security Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.
The report indicates that the Kuwait Managed Security Market is anticipated to experience a CAGR of approximately 3% during the period of 2022-2027. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.
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Market Dynamics
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.
Recent Developments
  • Recently on 28th Sept 2022, Kuwait-based digital service provider, Zain Kuwait, announced an investment in performance analytics and end-user experience solutions of Accedian & Cisco to automate its network with better visibility & service assurance. Integrating Accedian's Skylight into Cisco's Crosswork Network Automation platform, Zain Kuwait will be able to see a single view of its network & service performance at a per-customer granularity to help meet its B2B consumer requirements.
  • In September 2019, Ooredoo Kuwait announced signing a strategic partnership with Z Services, a leading cybersecurity SaaS provider in the Middle East, to provide the broadest & deepest cloud-based & telco-delivered security solutions portfolio to different organizations in the country. It will allow customers to ensure efficient cybersecurity without incurring significant costs associated with on-premise infrastructure deployments.

Segmenting Success: Unveiling Opportunities in the Kuwait Managed Security Market 2022-2027

The Kuwait Managed Security Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:
Based on 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
Based on Enterprise Size
- Small & Medium size Enterprises
- Large Enterprises
Based on Deployment Model
- On-Premises
- Cloud
Based on End User
- Government
- BFSI
- Healthcare
- Manufacturing
- Retail
- Telecom & IT
- Oil & Gas
- Others (Hospitality, etc.)
Based on Service Provider
- IT Service Providers
- Managed Security Specialist
- Telecom Service Provider
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Unveiling the Competitive Landscape: Insights into Key Players in the Kuwait Managed Security Market 2022-2027

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Kuwait Managed Security Market, ultimately seeking substantial revenue generation over the forecasted years.
- BT Group
- Algosec
- InfoPercept
- Fortinet
- Wipro
- Secureworks
- IBM
- Cisco
- Paladion Networks
- Intel
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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