Saudi arabia managed security services market forecast and opportunities, 2023 brochure

S a u d i A ra b i a M a n a g e d S e c u r i t y S e r v i c e s M a r ke t By D e p l oy m e n t M o d e, By A p p l i c a t i o n ,

By E n d U s e r S e c to r, Co m p e t i t i o n Fo re c a s t & O p p o r t u n i t i e s , 2013 – 2023

March 2018

Market Intelligence . Consulting

Table of Contents S No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Voice of Customer 4.1.

User vs Non User Group Analysis

4.2.

Managed Security Services Usage, By Application Analysis

4.3.

Managed Security Services Usage, By Deployment Analysis

4.4.

Managed Security Services Adoption, By Market Dynamics Analysis

4.6.

Existing Service Satisfaction Analysis

4.7.

Existing Vendor Satisfaction Analysis

4.8.

Existing Vendor Challenges Analysis

4.9.

Buying Parameters Analysis

5.

Global Managed Security Services Market Overview

6.

Saudi Arabia Managed Security Services Market Landscape

7.

Saudi Arabia Managed Security Services Market Outlook

7.1.

Market Size & Forecast 7.1.1.

7.2.

By Value

Market Share & Forecast 7.2.1.

By Deployment Mode (Cloud, On-Premise & Hybrid)

7.2.2.

By Application (Managed IPS and IDS, Managed Firewall Security, Managed SIEM, Managed Endpoint Security & Others)

7.2.3.

By End User Sector (Government, BFSI, Oil & Gas, IT & Telecom & Others)

7.2.4.

By Region

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Table of Contents S. No.

Contents 7.2.5.

8.

9.

Saudi Arabia Managed Security Services Market Attractiveness Index 8.1.

By Deployment Mode

8.2.

By Application

8.3.

By End User Sector

8.4.

By Region

Saudi Arabia Managed IDS and IPS Market Outlook 9.1.

Market Size & Forecast 9.1.1.

9.2.

10.

By Value

Market Share & Forecast 9.2.1.

By Deployment Mode (Cloud, On-Premise & Hybrid)

9.2.2.

By End User Sector (Government, BFSI, Oil & Gas, IT & Telecom & Others)

Saudi Arabia Managed Firewall Security Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

11.

By Company

By Value

Market Share & Forecast 10.2.1.

By Deployment Mode (Cloud, On-Premise & Hybrid)

10.2.2.

By End User Sector (Government, BFSI, Oil & Gas, IT & Telecom & Others)

Saudi Arabia Managed SIEM Market Outlook 11.1.

Market Size & Forecast 11.1.1.

By Value

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Table of Contents S. No.

Contents 11.2.

12.

Market Share & Forecast 11.2.1.

By Deployment Mode (Cloud, On-Premise & Hybrid)

11.2.2.

By End User Sector (Government, BFSI, Oil & Gas, IT & Telecom & Others)

Saudi Arabia Managed Endpoint Security Market Outlook 12.1.

Market Size & Forecast

By Value

12.1.1.

12.2.

13.

Market Share & Forecast 12.2.1.

By Deployment Mode (Cloud, On-Premise & Hybrid)

12.2.2.

By End User Sector (Government, BFSI, Oil & Gas, IT & Telecom & Others)

Market Dynamics 13.1.

Impact Analysis

13.2.

Drivers

13.3.

Challenges

14.

Market Trends & Developments

15.

Policy & Regulatory Landscape

16.

Saudi Arabia Economic Profile

17.

Competitive Landscape 17.1.

Competitive Benchmarking

17.2.

Company profiles 17.2.1.

Injazat Data Systems LLC

17.2.2.

HP Services Saudi Arabia

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Table of Contents S No.

Contents 17.2.3.

Saudi Telecom Company

17.2.4.

Etihad Etisalat Co

17.2.5.

Wipro Arabia Limited

17.2.6.

IBM Corporation

17.2.7.

Tata Consultancy Services Ltd

17.2.8.

Arabic Computer Systems Ltd

17.2.9.

Cisco Systems Inc.

17.2.10

Symantec Security Services Holding Inc.

18.

Strategic Recommendations

19.

About Us & Disclaimer

5 Š TechSci Research

Product Overview

•

Managed Security Services (MSS) refer to the network security services which are either hosted on premise or outsourced to a Managed Security Service Provider (MSSP) by an organization.

•

MSS offers methodological approach to manage the security needs of an organization by taking into consideration the security monitoring, compliance, regulation and management requirements of an organization, by offering diverse user specific services such as Firewall Management, Endpoint Security, Intrusion Prevention & Detection System (IPS & IDS), Distributed Denial of Services (DDoS) and Others, all the while meeting the OPEX (Operational Expenditure) criteria set by the company by leveraging their skilled IT and networking resources to maintain the agreed flow of services.

•

Demand for Managed Security Services is expected to increase over the coming years, owing to the ongoing global digital transformation, rapid SMACT (Social, Mobile, Analytics, Cloud & IoT) technologies adoption and emerging BYOD & mobility trends, resulting in growing complexities pertaining to data security, network infrastructure, security regulation & compliance, coupled with rising demand to reduce CAPEX & OPEX expenditure.

•

The adoption of Managed Security Services is expected to be highest across the government sector, followed by BFSI, oil & gas, IT & Telecom and other sectors, majorly attributed to the availability of security services at dynamic pricing options, offering risk prediction, mitigation and user behavior analysis capabilities. Major providers of MSS include Injazat Data Systems, Wipro, TCS and Cisco.

Managed Security Services Next Gen Cyber Security Services

Managed IPS/IDS Managed Network, Application, Firewall

Managed Security Services

Endpoint Threat Detection & Management Security Incident & Event Management

Forensic Analysis Threat Hunting Threat Intelligence Cyber Security Lab Cloud & IoT Security

6 Source: TechSci Research

TechSci Research

Research Methodology

Baseline Methodology: •

Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of Saudi Arabia Managed Security Services market. The team has analyzed various industry segments and speculated a positive future for the industry. Taking into consideration the technological developments, capital investments, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future. This would enable our clients in planning their investment decisions and exploring growth opportunities in Saudi Arabia Managed Security Services market.

•

For our study, we have gathered information through primary research surveys with multiple respondents in Saudi Arabia Managed Security Services market, followed by an exhaustive search of credible paid databases. Our team of experts has then prudently evaluated all the collected information and organized it in chronological order to depict a meaningful and clear picture of the market.

•

In addition, while compiling the data, we have also validated all the collected information from multiple sources and data warehouses in order to present the most accurate and precise information of the concerned industry. We have also identified and analyzed all emerging trends, including the important drivers and challenges that the industry is confronting. We have also presented industry forecasts based on our in-depth analysis of the market dynamics, prevalent trends, major developments and growth opportunities.

Companies Interviewed

Injazat, Saudi Telecom Company, IBM, TCS, Cisco

Sources: Company Website, Annual Reports, Press Releases, etc.

7 TechSci Research

Industry Brief Saudi Managed Security Services Market to Cross $317 Million by 2023 According to TechSci Research report, “Saudi Arabia Managed Security Services Market By Deployment Mode, By Application, By End User Sector, Competition Forecast & Opportunities, 2013 – 2023”, the country’s Managed Security Services (MSS) market in Saudi Arabia is projected to grow at a robust double digit CAGR of over 18% during 2018-2023. The key factors expected to drive the MSS market in Saudi Arabia include digitization initiatives by the government, increasing number of cybercrimes, and surging deployment of SMACT technologies across oil & gas, education, government, manufacturing and defense sectors.

Increasing demand for Managed Security Services supporting multiple OS, in addition to rapid cloud adoption and emerging BYOD & mobility trends leading to growing network infrastructure, data security, and security regulation and compliance complexities are anticipated to positively influence the market during the forecast period.

Government sector held the largest share in Saudi Arabia MSS market in 2017, and the trend is anticipated to continue in the coming years as well, backed by increasing number of digitalization initiatives. However, oil & gas sector is anticipated to emerge as the fastest growing end-user sector in the market during the forecast period, owing to increasing focus of the government to digitally empower the country’s highest revenue generating sector. Injazat Data Systems LLC, HP Services Saudi Arabia, Saudi Telecom Company, Etihad Etisalat Co. and Wipro Arabia Limited are some of the major players operating in the country’s Managed Security Services market.

“Over the last few years, there has been an increase in the adoption of Managed Security Services across various end user sectors in Saudi Arabia, attributed to the growing IT and network infrastructure complexities coupled with easy affordability and higher degree of efficacy associated with MSS. Furthermore, MSS adoption in the country’s oil & gas sector is growing at brisk pace, and consequently, emergence of smart power generation & supply systems is going to a trend to watch out for in the coming few years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Managed Security Services Market By Deployment Mode, By Application, By End User Sector, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the Managed Security Services market in and has also provided the statistics and information on market structure, size, share and future growth of Saudi Arabia Managed Security Services market. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities existing in the market.

8 TechSci Research

Sample Data - Snapshot Figure: Percent Usage Share of Managed Security

Global Percent Share of Data Breaches, By End

Services, By Application (N=X)

User Sector, 2015 Education 20.00%

Managed IPS and IDS Government 20.00%

Managed Firewall Security

Business 20.00%

Figure: Saudi Arabia Managed

Managed SIEM

Security Services Market

Managed Endpoint Security

Banking 20.00%

Central Region

Others*

 

Royal Capital of Riyadh Largest Regional Share

Northern Region 



Healthcare 20.00%

Global 1000Number of Data Breaches and Records Exposed 200

150

Archaeological & Historic Sites Natural Reserves

500

100

Figure: Saudi Arabia

50

Managed Security

Western Region

0

Services Market 

Share, By Company,



By Value, 2023F

10.00%

10.00%

Holiest Cities Thriving Commercial Center

10.00%

Figure: Satisfaction Score of Current Software Vendor Based on Following Parameters (N=X) Eastern Region 

Saudi Telecom Company Etihad Etisalat Co

Southern Region 

 

10.00%

10.00%

Data Breaches

Injazat Data Systems HP Services Saudi Arabia

10.00%

Wirpo Arabia Limited Others

0 2010 2011 2012 2013 2014 2015

Densely Populated Agricultural Potential



Headquarters of Oil Industry World's Largest Petroleum Port Fastest Growing Region

Support Service Integration Infrastrutural Requirements Competitive Pricing Service Level Agreement

Source:XXXXX Note: These are dummy figures; please purchase our report for actual data

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Disclaimer: The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the User of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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