MIDDLE EAST AND AFRICA CRITICAL INFRASTRUCTURE PROTECTION MARKET 2021-2028

MIDDLE EAST AND AFRICA CRITICAL INFRASTRUCTURE PROTECTION MARKET 2021-2028

MARKET OUTLOOK

According to Triton Market Research, the market for critical infrastructure protection in the Middle East and Africa is anticipated to rise with a CAGR of 7.00% in the estimated period between 2021 and 2028. South Africa, Turkey, the United Arab Emirates, Saudi Arabia, and Rest of MEA countries together form the market in this region.

Turkey is focusing on taking the necessary steps to enhance national cybersecurity and is also working towards implementing the ‘National Cybersecurity Strategy and Action Plan.’ The Ministry of Transport and Infrastructure is the primary authority in the country for making policies and developing strategies & action plans on national cybersecurity. Since 2013, the Information and Communication Technologies Authority (ICTA) has been the country’s computer emergency response team (CERT). The protection of critical infrastructures is among CERT’s major focus areas in cybersecurity.

In October 2019, major organizations in Turkey became victims of cyberattacks. These attacks were plotted against the Garanti BBVA Bank and the telecommunications company Turk Telekom. This resulted in disruptions in terms of gaining access to their websites before the companies were able to revive from the attacks. Hence, there is a growing need in the country to reduce the incidences of such attacks, which is creating numerous opportunities for the Turkish critical infrastructure protection market to grow in the projected period.

COMPETITIVE OUTLOOK

The major competitors operating in this market are Raytheon Co, Waterfall Security Solutions Ltd, General Electric Company, Honeywell International Inc, Airbus SE, Northrop Grumman Corp, General Dynamics Corporation, and Kaspersky Lab Inc.