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DUBAI, UAE, October 28, 2019

Gartner Forecasts Enterprise Security and Risk Management Spending in MENA to Grow 11% in 2020

Analysts to Discuss Security and Risk Strategy at the Gartner Security & Risk Management Summit 2019, October 28-29, in Dubai, UAE

Middle East and North Africa (MENA) enterprise information security and risk management spending will total US$1.7 billion in 2020, an increase of 10.7% from 2019, according to a recent forecast by Gartner, Inc.

“The double-digit growth is a reflection of how organizations in MENA region are coming up to speed with their global counterparts in adopting information security and risk management solutions,” said Sam Olyaei, research director at Gartner. “More importantly, an evolving threat landscape and the advent of digital transformation is forcing local security and risk leaders to revaluate their spending priorities.”

Gartner analysts are describing how security and risk management leaders can advance their strategy in front of over 350 attendees at the Gartner Security & Risk Management Summit, which is taking place on October 28-29 in Dubai, UAE.

Security services and network security continue to be the top two security and risk management spending priorities for CISOs in MENA. Both segments will account for 66% of total security and risk management spending in 2020 (see Table 1).

Table 1

Enterprise Information Security and Risk Management End User Spending by Segment, MENA, 2019-2021 (Millions of U.S. Dollars)

Segment

2019

2020

2021

Application Security

40

44

48

Cloud Security

8

15

26

Data Security

57

72

92

Identity Access Management

146

161

178

Infrastructure Protection

227

255

285

Integrated Risk Management

30

33

36

Network Security

315

341

368

Other Information Security Software

27

28

30

Security Services

755

828

902

Total

1,604

1,776

1,965

Due to rounding, figures may not add up precisely to the totals shown.

Source: Gartner (October 2019)

Managed Security Services includes services that involve security processes such as monitoring, detection, and response. “We continue to see a pervasive shortage of talent in the region, especially as it relates to tactical functions, and this has pushed leaders to leverage managed security service providers (MSSPs) and other consultants to manage their operational capabilities,” said Mr. Olyaei.

Despite smaller levels of spending, cloud security and data security will continue to remain the fastest growing segments for enterprise security and risk management spending. A shift to a cloud-first strategy remains a priority in MENA, especially as major cloud service providers set up shop in the region. Additionally, The Data Protection Law (DPL) implemented in Bahrain in April 2019 and the possibility of United Arab Emirates (UAE) to deploy strict data privacy rules by the end of 2020 have compelled MENA organizations to rethink their data security framework to continue doing business in the region. As a result, Gartner predicts that by 2020, investment in data security will total US$72 million, an increase of 26% year over year.

The growing spending in security and risk management also showed that it has become a boardroom priority locally. CISOs in MENA are seeking to improve their communication with the board of directors who have more visibility on security, threats and vulnerabilities than ever. “Simply put, executives are beginning to realize the true business impact of cybersecurity,” said Mr. Olyaei. “It is no longer a matter of if, but when and executives are demanding that their leaders continue to facilitate business outcomes”

Gartner clients can read more in the report “Forecast: Information Security and Risk Management, Worldwide, 2017-2023, 3Q19 Update.”  

Gartner Security & Risk Management Summit

Gartner analysts will provide additional analysis on IT security trends at the Gartner Security & Risk Management Summit 2019 taking place October 28-29 in Dubai, UAE. Follow news and updates from the event on Twitter at #GartnerSEC.

About Gartner

Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow.

Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and enterprise size.

To learn more about how we help decision makers fuel the future of business, visit gartner.com.

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