Proliferating Use of Smartphones, Internet Banking to Soar Middle East Cyber Security Industry
The signification surge in cyber threats across the heavy industry, snowballing use of mobile, cloud and social media along with growing awareness on the importance of cyber security and burgeoning adoption of disruptive technologies such as AI, IoT, cloud computing is increasing amounts of data, thus proliferating the growth of the Middle East Cyber Security market over the forecast period. Besides this, surging investment by the companies toward IT infrastructure, burgeoning digital adoption, proliferating use of smartphones, internet banking and escalating demand for small and medium enterprises (SMEs) in different industry verticals are the factors fueling the growth of market. However, the COVID-19 crisis has an optimistic impact on the market growth on account of adoption of work from home among various companies, thus this propelled the internet traffic and upsurged the risk of cyberattack at a significant rate. UAE witnessed 250% increase in cyberattacks in 2...