Gartner Forecasts Security And Risk Management Spending In MENA To Grow 10% In 2023

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Gartner Forecasts Security And Risk Management Spending In MENA To Grow 10% In 2023
Gartner Forecasts Security And Risk Management Spending In MENA To Grow 10% In 2023 admin February 28, 2023

End-user spending on security and risk management in the middle East and North Africa (MENA) region is forecast to total $2.8 billion in 2023, an increase of 10.4% from 2022, according to Gartner, Inc.

“Security and risk management leaders in MENA are expected to increase their spending in 2023 mainly because of an increased demand for technologies that secure remote work and hybrid environments, support digitization and cloud migration,”said Shailendra Upadhyay, Principal, Research at Gartner.

Gartner analysts are discussing how to stay ahead of expanding scopes of responsibility and increasing threats at the Gartner Security & Risk Management Summit, taking place in Dubai through Tuesday.

In 2023, cloud security spending is projected to record the highest growth at 19.5%, followed by application security spending, growing at 19% (see Table 1).Cloud security consists of cloud workload protection platforms (CWPPs) and cloud access security broker. CWPPs are products and services that address protection requirements in diverse cloud-native workloads in hybrid and multicloud environments. Their adoption in MENA is growing as organizations respond to the move toward digital transformation and the implementation of cloud applications.

Table 1: Security and Risk Management End-User Spending for All Segments in MENA, 2022-2023 (Millions of U.S. Dollars)

Market2022 Spending2022Growth (%)2023 Spending2023Growth (%)
Application Security72.716.386.519.0
Cloud Security81.415.497.319.5
Consumer Security Software173.120.5196.413.5
Data Privacy17.013.520.017.2
Data Security47.84.851.27.2
Identity Access Management223.57.3243.89.1
Infrastructure Protection420.07.4464.010.5
Integrated Risk Management38.66.844.013.9
Network Security Equipment440.413.7494.212.2
Security Services983.65.61,061.07.9
Others20.96.723.110.7
Total2,519.09.02,781.510.4

Source: Gartner (February 2023)

In addition, the increased security risks and complexity of operating and managing multiple technologies will drive MENA organizations to spend on cloud security and the share of cloud-native solutions is expected to grow in 2023.

In MENA, security and risk management leaders will increase their spending on technologies such as web application firewalls, access management, endpoint protection platform, secure web gateway to respond to the increased demand of remote workers and ensure secured work-from-home environments.

As zerotrust network access(ZTNA)becomes the primary mechanism for user-to-application secure access, spending on ZTNA in the region is expected to grow. In MENA, the increased demand for zerotrust protection for remote workers and organizations’ reduced dependence on VPNs for secure access will accelerate spending on ZTNA in 2023.

Security Services to Represent 38% of Total Security Spending in 2023

In 2023, security consulting spending, which is sub-segment of security services, will continue to grow dueto higher demand for consulting services related to digital transformation projects, compliance mandates and incident response linked to the rise in ransomware attacks. In addition, managed security services spending growth will come from the increased adoption of high-growth services such as managed detection and response. However, hardware support and implementation services spending are on pace to be flat in 2023.

Gartner clients can read more in the report “Forecast: Information Security and Risk Management, Worldwide, 2020-2026, 4Q22 Update.”

Learn more about the top priorities for security and risk leaders in 2023 in the complimentary Gartner ebook 2023 Leadership Vision for Security & Risk Management Leaders.

About Gartner Security & Risk Management Summit

The Gartner Security & Risk Management Summit is providing analysis on how to apply the latest techniques to tackle risks in the cloud, operational technology, internet of things, and IT. Follow news coming from the conference on the Gartner Newsroom and on Twitter using #GartnerSEC.

Upcoming dates and locations for the Gartner Security & Risk Management Summit include:

March 28-29 inSydney

June 5-7 inNational Harbor, MD

July 26-28 inTokyo

September 26-28 inLondon

About Gartner for High Tech

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About Gartner

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