The MEA Cybersecurity Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 5.23 billion by 2029, growing at a CAGR of 12.42% during the forecast period (2024-2029).
The cybersecurity market in the Middle East and Africa is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent market share are focusing on expanding their customer bases across foreign countries. These companies leverage strategic collaborative initiatives to increase their market shares and profitability.
In March 2023, the International Civil Aviation Organization announced new developments and progress in areas of aviation cybersecurity and innovation with the UAE Government. The ICAO-UAE partnership is expected to enhance knowledge sharing and experience in terms of cybersecurity, accelerators, and innovation in future civil aviation.
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