Arab IT security could be worth $500 million

The Middle East region’s IT security market is projected to be worth as much as $500 million over the next three years with the United Arab Emirates estimated to be the second largest source of demand after Saudi Arabia.

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By  Vijaya George Published  November 19, 2002

The Middle East region’s IT security market is projected to be worth as much as $500 million over the next three years with the United Arab Emirates estimated to be the second largest source of demand after Saudi Arabia. IT Security consultant ComGuard, which opened its third regional office in Abu Dhabi, stated that demand for security solutions such as electronic privacy protection, user authentication, and transaction integrity will increase in the emirate as more companies shift to digital storage and communication.

“Abu Dhabi is one of the most progressive cities in the Gulf region, so it should be no surprise to anyone that its largest enterprises are taking IT security precautions very seriously and instituting related policies that take a long-term, thoughtful approach to addressing a range of security concerns,” commented Daniel Nufer, regional sales director for IT security consultancy ComGuard. “Demand among these large groups for systems that ensure both confidentiality and superior access control is growing exponentially, with strategic initiatives and special projects coming to light across many and various departments,” added Nufer.

UAE sectors demonstrating significant interest in enhanced IT security include energy and utilities; civil security; banking and finance, and government. “Across vertical industry sectors, we are witnessing a constructive move toward business continuity planning, where disaster recovery and the concept of security as a process are fundamental to the long-term profitability of an organisation,” explained Nufer.

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