Excellent opportunities for the IT network industry
  • Companies in the MENA region suffered larger losses due to cyber incidents than other regions last year: 56% lost more than $500,000 compared to 33% globally, and 13% lost at least three working days, compared to 9% globally (source: PwC, 2016).
  • The GCC network security spending will reach $1 billion alone by 2018, positioning the region among the global leaders in cyber security preparedness (source: Frost & Sullivan, May 2016).
  • The GCC cyber security market is estimated to grow to over $10.41 billion by the end of 2022 (source: Research & Markets, June 2016).
  • In 2016 Qatar’s Ministry of Interior opened a new state-of-the-art security monitoring and counter-cybercrime headquarters to investigate the growing number of digital offenses in the country.
  • In 2014 Qatar passed an Anti-Cyber Crime Law in recognition of the growing problem this type of crime was causing the country.