Kuwait Managed Security Market Outlook 2027: Leading Companies & Share Insights

1 day ago

Kuwait Managed Security Market Size & Insights

According to MarkNtel Advisors study The future of Kuwait Managed Security Market is projected to grow at a CAGR of around 3.0% during the forecast period, i.e., 2022-27. Several organizations across Kuwait are seeking technologies in order to expand their business operations and enhance productivity & customer experience, and having a robust IT infrastructure has become paramount to achieve that.

What are the Key Driver in the Kuwait Managed Security Market?

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.

What are the Key Segments in the Kuwait Managed Security Market?

The Kuwait Managed Security is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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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Who are the Key Players in Kuwait Managed Security Market?

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

Kuwait Managed Security Market News

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.

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Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
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Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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