Middle East & Africa (MEA) AI, Cyber Security & Big Data Analytics Market - Growth, Trends, Forecasts(2022 - 2027)
The Middle East & African AI, Cyber Security & Big Data Analytics Market (henceforth, referred to as the market studied) was valued at USD 11.78 billion in 2020 and it is expected to reach USD 28.36 billion by 2026, registering a CAGR of 20.4%, during the forecast period (2021-2026). With COVID-19 becoming the new reality, organizations worldwide must respond proactively to cyber threats that have witnessed a spike during the pandemic. For this reason, cyber resilience, which refers to a sector or organization’s ability to prepare for, respond to, and recover from cyberattacks, has become an absolute necessity rather than a mere option in the current scenario.
Key HighlightsThe MEA AI, Cyber Security & Big Data Analytics Market is moderately consolidated with few firms having limited share . The companies keep on innovating and entering into strategic partnership in order to retain their market share.
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