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Uae Managed Security Services Market

  • Date Submitted: 05/09/2016 10:49 PM
  • Flesch-Kincaid Score: 30.1 
  • Words: 769
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Managed Security Services (MSS) are the network security services majorly outsourced by the service providers. In addition to providing security to the client’s devices and systems, MSS provides clock monitoring, unified threat management, end point security, distributed denial of services, and consulting services. Over the years, UAE managed security services market has been growing at a robust pace on account of increasing cybercrime, fast emerging Bring Your Own Device (BYOD) concept, and growing concerns regarding malicious malware attacks, zero-day attacks, Synchronization (SYN) floods and encrypted attacks. As a result, the country’s MSS market has been witnessing growing adoption in various end use sectors such as BFSI, Information & Communication Technology, Healthcare, Retail, etc.

According to “UAE Managed Security Services Market By Deployment Mode, By Application, By End User, Competition Forecast and Opportunities, 2011 - 2021”, the managed security services market in the UAE is projected to grow at a CAGR of over 8% during 2016 - 2021. On the basis of deployment mode, the market has been segmented into two categories, namely, Cloud based and Customer Premise Equipment (CPE), among which, Cloud based segment dominated the UAE managed security services market in 2015. The Cloud based segment is anticipated to maintain its dominance over the next five years as well. Banking, Financial services and Insurance (BFSI) industry is the largest end user of managed security services in the country, as its continues to be the most targeted sector by hackers, due to the availability of financial and personal data of the customers. Few of the leading players operating in the UAE managed security services market include Injazat Data Systems LLC, Emirates Integrated Telecommunications PJSC, and DTS Solutions, among others. “UAE Managed Security Services Market By Deployment Mode, By Application, By End User, Competition Forecast and Opportunities, 2011 - 2021”...

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