Morocco Cybersecurity Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 9.51 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Morocco Cybersecurity Market Analysis
The Morocco Cybersecurity Market is expected to register a CAGR of 9.51% during the forecast period.
- Cybersecurity in Morocco is becoming crucial with the rise of digital transformation initiatives and the country's growing internet usage, leading to increasing cyber threats. Thus, the Moroccan government has invested in cybersecurity to protect critical infrastructure. Collaboration between the government and other countries also creates opportunities for cybersecurity firms to offer advanced services and expertise.
- For instance, in October 2023, the General Directorate of Information Systems Security Administration of the National Defence of the Kingdom of Morocco and the Cyber Security Council for the United Arab Emirates announced a Memorandum of Understanding (MoU) in Dubai, marking a pivotal moment in strengthening cybersecurity cooperation. This agreement enabled both nations' dedication to jointly tackling the escalating challenges and risks in global cyberspace. The primary goal of the MoU is to establish a comprehensive collaboration framework in the cybersecurity domain between Morocco and the United Arab Emirates.
- Internet users in Morocco ranked 15th globally for online infections in the first ten months of 2023, as per a recent report by Russian cybersecurity firm Kaspersky. The report highlighted a prevalent type of malware that infiltrates a user's device and camouflages itself as a different file type, such as an image or PDF file. Thus, the rise in cyberattacks targeting both public and private sectors necessitates organizations investing in advanced security solutions to protect critical infrastructure.
- There is a lack of awareness among SMEs regarding investments in cybersecurity measures. Additionally, small players are still depending more on traditional internal security measures than on managed security services due to limited budget constraints, which is a hindrance to market growth. The lack of skilled professionals is also a challenge for the country.
- Post-COVID-19, there was a rise in cyberattacks, including phishing, ransomware, and other malicious activities, so organizations recognized the growing risks and planned to increase their cybersecurity budgets. Large organizations invested in managed cybersecurity services and ensured employees were aware of security protocols while operating in remote environments.
Morocco Cybersecurity Market Trends
BFSI Segment Holds a Major Share
- The need for advanced cybersecurity solutions is rising, with Moroccan banks and financial institutions increasingly adopting digital services like online banking, mobile payments, and digital wallets. Thus, many banking organizations in Morocco outsource their security operations to managed security service providers due to the shortage of in-house cybersecurity expertise. The services offered provide 24/7 monitoring and support, crucial for detecting and responding to threats in real-time.
- In Morocco, numerous cybersecurity firms prioritize data protection to assist clients in combating cyber threats. For instance, Thales guides organizations from traditional encryption approaches to unified data protection deployments. This shift facilitates the organization for upcoming security challenges and ensures compliance. Thales' cybersecurity portfolio provides data discovery, encryption, key management, network encryption, hardware security modules, and others. It empowers customers to safeguard and manage their data in the cloud, on-premises, or hybrid IT setups.
- Moreover, Morocco's central bank, Bank Al-Maghrib, and the Ministry of Economy and Finance jointly unveiled the National Financial Inclusion Strategy (NFIS) in 2018. This strategy sets ambitious targets to achieve a 50% financial inclusion rate by 2023, increasing to 75% by 2030. These goals focussed on Morocco's dedication to fostering a more inclusive economic landscape.
- Financial institutions handle a vast amount of sensitive data, including customer financial information and transactions. Thus, the country needs to fulfill stricter regulations and compliance requirements for data protection laws, driving investments in cybersecurity. The BSI sector is a prime target for cybercriminals; thus, cybersecurity solutions facilitate strong security controls and monitoring systems.
- Enterprises prioritize secure communication channels for internal and external interactions, especially for financial institutions. This emphasis drives the adoption of network security solutions. By safeguarding critical data, these solutions help with data security and promote seamless operations, consequently amplifying the prominence of network security within Morocco's cybersecurity market.
The Cloud Security is Expected to Register Major Growth
- End-user companies are increasingly adopting cloud-based security solutions due to their large benefits, such as enhanced productivity, flexibility, scalability, cost-effectiveness, and a platform for innovation. Traditionally, businesses invested in managing their networks, servers, and hardware to safeguard critical data, which involved a substantial upfront investment but continuous expenses for maintenance and upgrades. Thus, organizations in Morocco are pivoting to cloud solutions and investing in cost-saving by deploying cloud cybersecurity solutions.
- Cloud-based cybersecurity solutions offer cost-effective and scalable options for small and medium-sized enterprises (SMEs), which may have limited budgets for on-premises security infrastructure. Thus, SMEs can access advanced security features and technologies through cloud solutions that would otherwise be out of reach due to high costs.
- As Moroccan businesses and government entities continue their digital transformation journeys, cloud services are being adopted, creating a demand for robust cloud security solutions. For instance, in March 2024, Oracle announced its plans to establish a cloud region in Morocco. The tech giant is collaborating with the data center operator N+One, leveraging one of its data centers to host Oracle Cloud Infrastructure (OCI). This will facilitate that data will remain within the geographic area and help in compliance with local regulations and laws.
- In Morocco, many players are actively involved in tackling cyber threats. For instance, Trend Micro solutions detected and blocked a staggering 89 million email threats, prevented 1.36 million malicious URL attacks, and safeguarded 20,774 URL hosts. Furthermore, they successfully halted over 3.7 million malware attacks in 2023.
- GITEX Africa 2024, held in Morocco, included a cybersecurity forum on May 29, 2024. This event is designed to address critical issues of cyber threats and advance cybersecurity across various sectors. Africa loses USD 4 billion annually to cybercrime, equivalent to 10% of its GDP. In the past year alone, cyber-attacks spiked by more than 20%, posing a direct threat to economic growth and personal privacy. Thus, the demand for robust cybersecurity policies and frameworks intensifies in Morocco.
Morocco Cybersecurity Industry Overview
The Moroccan cybersecurity market is fragmented, with major players like DATAPROTECT, Orange Cyberdefense, IBM Corporation, Atos SE, Polymorpho, etc. Players in the market are adopting strategies such as partnerships, agreements, company expansions, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
During GITEX Africa 2024, Polymorpho, a Moroccan company, showcased its advanced cyber threat solutions at the second edition of GITEX Africa Morocco. The company highlighted its commitment to research and development and showed its suite of services tailored to diverse cybersecurity requirements.
In May 2024, Moroccan cybersecurity startup Defendis unveiled its Threat Intelligence Platform at GITEX Africa. This advanced platform, driven by AI, empowers organizations to address data leaks and prevent cyberattacks. Leveraging advanced AI algorithms, the platform can detect various threats, from credential and payment card leaks to asset vulnerabilities, phishing attempts, fraudulent domains, and even online brand impersonations.
Morocco Cybersecurity Market Leaders
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DATAPROTECT
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Orange Cyberdefense
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IBM Corporation
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Atos SE (Morocco)
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Trend Micro Incorporated.
*Disclaimer: Major Players sorted in no particular order
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Morocco Cybersecurity Market News
- May 2024: Deloitte Morocco Cyber Center (MCC), a subsidiary of the multinational professional services network Deloitte, and Mohammed VI Polytechnic University (UM6P) announced a strategic partnership. Their collaboration aimed to enhance industrial cybersecurity in Morocco and across Africa. The newly established lab will target emerging cyber threats, primarily safeguarding technical operations and industrial control systems. This initiative is pivotal in enhancing the cyber resilience of these sectors and mitigating the risks posed by potential cyberattacks.
- March 2024: Morocco's Directorate General of Information System Security (DGSSI) collaborated with SecDojo, a cybersecurity training specialist, to host the DGSSI CTF (Catch the Flag) event. This partnership is aimed at Morocco's proactive stance against rising cyber threats and the worldwide scarcity of skilled cybersecurity experts. The event was pivotal in nurturing a proficient cybersecurity workforce for tackling upcoming technological and security hurdles.
Morocco Cybersecurity Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Consumers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 An Assessment of the Impact of Macroeconomic Trends
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Digital Transformation Technologies and Rise of Security Intelligence
- 5.1.2 High Potential Damages From Attacks On Critical Infrastructure and Increasing Sophistication of Attacks
- 5.1.3 Increase in Adoption of Data-intensive Approach and Decisions
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5.2 Market Restraints
- 5.2.1 Integration Complexities With Legacy Infrastructure
- 5.3 Key Use Cases
- 5.4 Regulations and Cybersecurity Standards
- 5.5 Analysis of Pricing and Pricing Model
6. MARKET SEGMENTATION
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6.1 By Offering
- 6.1.1 Solutions
- 6.1.1.1 Application Security
- 6.1.1.2 Cloud Security
- 6.1.1.3 Consumer Security Software
- 6.1.1.4 Data Security
- 6.1.1.5 Identity and Access Management
- 6.1.1.6 Infrastructure Protection
- 6.1.1.7 Integrated Risk Management
- 6.1.1.8 Network Security Equipment
- 6.1.1.9 Other Solutions
- 6.1.2 Services
- 6.1.2.1 Professional Services
- 6.1.2.2 Managed Services
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6.2 By Deployment
- 6.2.1 Cloud
- 6.2.2 On-premise
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6.3 By End User
- 6.3.1 IT and Telecom
- 6.3.1.1 Use Cases
- 6.3.2 BFSI
- 6.3.2.1 Use Cases
- 6.3.3 Retail and E-Commerce
- 6.3.3.1 Use Cases
- 6.3.4 Oil Gas and Energy
- 6.3.4.1 Use Cases
- 6.3.5 Manufacturing
- 6.3.5.1 Use Cases
- 6.3.6 Government and Defence
- 6.3.6.1 Use Cases
- 6.3.7 Other End-Users
- 6.3.7.1 Use Cases
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles*
- 7.1.1 DATAPROTECT
- 7.1.2 Orange Cyberdefense
- 7.1.3 IBM Corporation
- 7.1.4 Atos SE (Morocco)
- 7.1.5 Thales (Morocco)
- 7.1.6 Trend Micro Incorporated.
- 7.1.7 Cisco Systems Inc.
- 7.1.8 Polymorpho
- 7.1.9 Defendis
8. VENDOR SHARE ANALYSIS
9. RANKING OF VENDORS AT A REGIONAL LEVEL
10. INVESTMENT ANALYSIS
** Subject To AvailablityMorocco Cybersecurity Industry Segmentation
The Moroccan cybersecurity market is defined based on the revenues generated from the solutions and services used in various end-user industries worldwide. The analysis is based on the market insights captured through secondary research and primaries. The market also covers the major factors impacting its growth in terms of drivers and restraints.
The Moroccan cybersecurity market is segmented by offerings solutions [(application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, and other solution types) and services (professional services and managed services)], deployment (on-premise, and cloud), and end-user vertical (IT and telecom, BFSI, retail and e-commerce, oil gas and energy, manufacturing, government and defense, and other end-user industries).
Morocco Cybersecurity Market Research FAQs
What is the current Morocco Cybersecurity Market size?
The Morocco Cybersecurity Market is projected to register a CAGR of 9.51% during the forecast period (2024-2029)
Who are the key players in Morocco Cybersecurity Market?
DATAPROTECT, Orange Cyberdefense, IBM Corporation, Atos SE (Morocco) and Trend Micro Incorporated. are the major companies operating in the Morocco Cybersecurity Market.
What years does this Morocco Cybersecurity Market cover?
The report covers the Morocco Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Morocco Cybersecurity Industry Report
Statistics for the 2024 Morocco Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Morocco Cybersecurity analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
