How big is the Kuwait Cybersecurity Market?

The Kuwait Cybersecurity Market size is expected to reach USD 560.31 million in 2024 and grow at a CAGR of 6.85% to reach USD 780.47 million by 2029. Read More

What is the current Kuwait Cybersecurity Market size?

In 2024, the Kuwait Cybersecurity Market size is expected to reach USD 560.31 million. Read More

Who are the key players in Kuwait Cybersecurity Market?

Microsoft Corporation, Dell Technologies Inc., IBM Corporation, Cisco Systems Inc. and Fortinet Inc. are the major companies operating in the Kuwait Cybersecurity Market. Read More

What years does this Kuwait Cybersecurity Market cover, and what was the market size in 2023?

In 2023, the Kuwait Cybersecurity Market size was estimated at USD 521.93 million. The report covers the Kuwait Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Kuwait Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Kuwait Cybersecurity Market Size & Share Analysis - Industry Research Report

Kuwait Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Kuwait Cybersecurity Market Report is Segmented by Offering (Solutions, [application Security, Cloud Security, Consumer Security Software, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, and Other Solutions], Services [Professional Services and Managed Services]), Deployment (Cloud and On-Premise), End-User Industry (IT and Telecom, BFSI, Retail and E-Commerce, Oil Gas and Energy, Manufacturing, Government and Defense, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Kuwait Cybersecurity Industry Overview

The Kuwaiti cybersecurity market is moderately competitive due to the presence of significant players like Microsoft Corporation, Cisco Systems Inc., and Dell Technologies Inc. Market players are enhancing their portfolios and seeking enduring competitive advantages through strategic partnerships and product launches.

May 2024: Basel Al-Haroon, the CBK Governor and Chairman of the Board of Directors of the Kuwait Institute of Banking Studies (KIBS), unveiled the initiation of the 4th Cohort of the Cybersecurity Leaders Program. This move aligns with CBK's broader strategy to cultivate skilled national talent in the banking sector, enhance technical capabilities in cybersecurity, and fortify the sector against evolving technological risks. The initiative, a part of the Kafa’a program, is a joint effort by CBK, Kuwaiti banks, and KIBS.
January 2024: Kuwait's Minister of Foreign Affairs, Sheikh Salem Al-Sabah, unveiled a new cybersecurity center, underscoring the nation's commitment to fortifying its defenses against cyber threats. The foreign ministry statement described the new center as a pivotal component of the nation's cybersecurity infrastructure, designed to combat both internal and external threats. It emphasized that a primary goal of the center is to enhance cybersecurity awareness among foreign ministry personnel.