SMB security spending in the Middle East and Africa: trends and forecasts 2019–2024

This report provides forecasts for spending on security-related technology by small and medium-sized businesses (SMBs) in the Middle East and Africa (MEA).It quantifies the revenue opportunity for security vendors in 7 key categories (endpoint security, network security, mobile security, security hardware, cloud security, product support services and remotely managed IT security services) and 20 sub-categories.

Spending on cyber-security solutions by SMBs in the Middle East and Africa is projected to grow at a CAGR of 9% through 2024.

This report provides:

  • SMB spending forecasts for 7 different high-level security categories and 20 sub-categories for the period 2019–2024
  • comparisons of spending growth for cloud and on-premises security solutions
  • an outlook for security spending across businesses with varying numbers of employees
  • security spending forecasts broken down by routes to market: channel partners (CPs), managed service providers (MSPs), service providers (SPs), system integrators (SIs), DMR/retail and directly from security vendors.

 

Table of contents: 

 

Executive summary

 

Executive summary

 

Worldwide trends

 

Worldwide: First-time deployments of cyber-security solutions by SMBs in MEA will outpace the worldwide rate of adoption, fuelling strong growth in security spending 

 

Trends by security category

 

Security overview: the demand for hosted/cloud-based, mobile and remotely managed security services will drive growth in SMB security spending

 

Endpoint and network security: spending on these services will grow at a CAGR of 5%, but their share of total security spend will decline during the forecast period

 

Mobile security: mobile security spending in MEA is expected to grow rapidly as SMBs contend with an increasing number of mobile devices and users

 

Cloud security: spending on cloud-based security will grow the faster than any other security category, driven by the rising migration of business processes to the cloud

 

Security hardware: the security hardware share of total cyber-security spending will decline as SMBs shift to cloud-based security solutions 

 

Security management: SMBs are prioritising outsourced cyber-security management, which is driving growth in managed security spending 

 

Trends by business size

 

Firm size: MBs accounted for two-thirds of cyber-security-related spending and the majority are reporting plans to increase their security budgets

 

Firm size and spending category: security spending by SBs will grow slightly faster than that by MBs, but MBs will account for the majority of overall spending

 

Trends by routes to market

 

Security channels: security spending by SMBs in MEA is shifting from traditional channels to MSPs, albeit not as rapidly as in other regions

 

Forecast methodology and assumptions

 

Our SMB Technology Forecaster is underpinned by supply and demand insights and macroeconomic data, and is stress-tested to ensure accuracy and predictability

 

Analysys Mason’s SMB Technology Forecaster: metrics included in this report [1]

 

Analysys Mason’s SMB Technology Forecaster: metrics included in this report [2]

 

Definitions: security [1]

 

Definitions: security [2]

 

Definitions: security [3]

 

Definitions: IT and managed services [1] 

 

About the author and Analysys Mason

 

About the author

 

Analysys Mason’s consulting and research are uniquely positioned

 

Research from Analysys Mason

 

Consulting from Analysys Mason

 

List of figures:

 

Figure 1: Overview of SMB security spending in MEA, 2019

 

Figure 2: SMB security spending, MEA and the rest of the world, 2019 and 2024

 

Figure 3: SMB security spending by category, MEA, 2019 and 2024

 

Figure 4: SMB spending on endpoint security by category, MEA, 2019 and 2024

 

Figure 5: SMB spending on network security by category, MEA, 2019 and 2024

 

Figure 6: SMB spending on mobile security by category, MEA, 2019 and 2024

 

Figure 7: SMB spending on cloud security software, MEA, 2019 and 2024

 

Figure 8: SMB spending on on-premises security hardware by category, MEA, 2019 and 2024

 

Figure 9: SMB spending on security management by category, MEA, 2019 and 2024

 

Figure 10: SMB security spending by number of employees, MEA, 2019 and 2024

 

Figure 11: Breakdown of SMB security spending by category and number of employees, MEA, 2019

 

Figure 12: SMB security spending by category and number of employees, MEA, 2019 and 2024

 

Figure 13: SMB security spending by route to market, MEA, 2019 and 2024

 

Figure 14: Definitions and key drivers for security solutions

 

Figure 15: Definitions and key drivers for security solutions

 

Figure 16: Definitions and key drivers for security solutions

 

Figure 17: Definitions and key drivers for IT and managed services

 

 

 

 


SMB security spending in the Middle East and Africa: trends and forecasts 2019–2024

This report provides forecasts for spending on security-related technology by small and medium-sized businesses (SMBs) in the Middle East and Africa (MEA).It quantifies the revenue opportunity for security vendors in

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The SMB security spending in North America: trends and forecasts 2019–2024

The SMB security spending in North America: trends and forecasts 2019-2024 market research report available in single user pdf license with Aarkstore Enterprise at USD 7999

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The SMB security spending in North America: trends and forecasts 2019–2024

The SMB security spending in North America: trends and forecasts 2019-2024 market research report available in single user pdf license with Aarkstore Enterprise at USD 7999

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