Kuwait Managed Security Market Growth, Share, Trends Analysis, Business Opportunities and Forecast 2027: Markntel Adviso

Market Insights

As per recent research by MarkNtel Advisors, The Kuwait Managed Security Market is projected to grow at a CAGR of around 3.0% during the forecast period, i.e., 2022-27.

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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.

Market Segmentation and Consumer Behavior:

By 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

By Enterprise Size

Small & Medium size Enterprises
Large Enterprises

By Deployment Model

On-Premises
Cloud

By End User

Government
BFSI
Healthcare
Manufacturing
Retail
Telecom & IT
Oil & Gas
Others (Hospitality, etc.)

By Service Provider

IT Service Providers
Managed Security Specialist
Telecom Service Provider

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Key Players and Competitive Strategies in the Kuwait Managed Security Market

Several prominent players dominate the Kuwait Managed Security Market, including:

BT Group
Algosec
InfoPercept
Fortinet
Wipro
Secureworks
IBM
Cisco
Paladion Networks
Intel

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Questions Addressed in this Study

1.What factors are driving the Kuwait Managed Security Market growth?

2.How is the Kuwait Managed Security Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Kuwait Managed Security Market?

4.What is the current size of the Kuwait Managed Security Market, and how is it projected to change in the future?

5.What is the future outlook for the Kuwait Managed Security Market in terms of technological advancements and market expansion?

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