Middle East & Africa Data Diode Security Products Market to Grow at a CAGR of 5.4% to reach US$ 43.91 Million from 2020 to 2027

The data diode security products market in MEA is expected to grow from US$ 32.58 million in 2019 to US$ 43.91 million by 2027; it is estimated to grow at a CAGR of 5.4% from 2020 to 2027.

South Africa, Saudi Arabia and UAE are major economies in MEA. Soaring interest for miniaturized data diodes among various industries is boosting the MEA airport data diode security products market. With the growing technological advancements in the electronics and semiconductor industry, components are getting compact and more robust, which leads to high-performance in systems. Several industries are demanding for light weight and compact components to increase efficiency and reduce material costs. Development in nanotechnologies is captivating growing investments from industries and governments across the world, which provides opportunities to explore the advanced Nano-devices. The rising trend of miniaturization in the electronics and semiconductor industry has forced the sizes of the components to diminish. Several original equipment manufacturers (OEMs) are using miniaturized electronic components to enhance their existing products' competitiveness and deliver advanced products. The demand for compact and light weight data diode, capable of supporting high-security environments, is surging in various industries. The miniature data diode technology offers OEM system and device designers with cyber security technology and secures small devices from external cyber threats, therefore enabling a secured communication of data. In automotive application, miniaturized data diode can be integrated to allow performance data to be shared and analyzed and generate the barrier between external connections and the automobile control systems. Additionally, it is used in the IT system to protect confidential digital documents in a hard drive; thus, preventing unauthorized access. Therefore, such factors are anticipated to drive the demand for miniaturized data diodes among the masses and could potentially open the door for several miniature cyber security solutions, thus contributing to MEA market growth during the forecast period. Thus, the Soaring interest for miniaturized data diodes among various industries drives the demand for data diode security products, which would ultimately drive the data diode security products market in MEA.

Furthermore, the ongoing COVID-19 is having terrible effect on MEA economy. Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. The region comprises many growing economies such as UAE, among others, which are prospective markets for data diode security products market owing to the huge presence of diverse customer base for electronics and semiconductor industries. The COVID-19 pandemic would have significant effects the economies, but the region is anticipated to be impacted as there is already pressure on economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the growth of data diode security products market in 2020 and 2021.

With the new features and technologies, vendors can attract new customers and expand their footprints in data diode security products market. This factor is likely to drive the MEA data diode security products market. The MEA data diode security products market is expected to grow at a prominent CAGR during the forecast period.

MEA Data Diode Products Market

MEA Data Diode Products Market Segmentation

 
MEA Data Diode Products Market – By Type

• Non-Ruggedized Data Diode
• Ruggedized Data Diode

MEA Data Diode Products Market – By Application

• Government
• Oil & Gas
•  BFSI
• Others

MEA Data Diode Products Market, by Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

MEA Data Diode Products Market - Companies Mentioned

• BAE Systems
• Belden Inc.
• Fibersystem AB
• Forcepoint
• Fox-IT Holding B.V.
• Rohde & Schwarz GmbH & Co.
• VADO Security Technologies Ltd. 

Middle East & Africa Data Diode Security Products Market Report Scope

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