According to Help AG’s State of the Market Report 2023, organizations across the Middle East have realized that investing in multiple security tools without any integration leads to an ineffective siloed defense framework with continuously escalating operational costs. They are therefore prioritizing automation and consolidation of their cybersecurity estates, a leveraging platform/mesh value propositions from leading cybersecurity vendors.
The only one of its kind to focus exclusively on digital security in the Middle East region, Help AG’s annual State of the Market Report delivers unparalleled intelligence into the state of cybersecurity in the region. The third edition of the report themed around the adage of “Innovate. Automate. Elevate.”, is focused on how organizations across the region can innovate their technology and processes and automate playbooks and operations to ultimately elevate their cybersecurity posture.
Stephan Berner, Chief Executive Officer, Help AG, said, “Cybersecurity is the crucial component of successful digital transformation and needs to be built in from day zero and beyond. Through the State of the Market Report 2023, we enable readers to understand how they can innovate to bring in the best of people, processes, and technologies, automate to enhance agility and improve time to value, and elevate the resilience of their enterprise to thrive in the hyper connected era where experience is of paramount importance and availability needs to be constantly on.”
“In a hyperconnected world where threats are becoming more sophisticated and frequent, it is increasingly essential for the public and private sector to work together, sharing knowledge and creating a united front against malicious actors in the digital sphere. Making our State of the Market Report readily available to organizations across the region provides essential intelligence into the state of cybersecurity in the Middle East, arming key players in the industry with the knowledge to protect themselves against cybersecurity threats,” Added Nicolai Solling, Chief Technology Officer, Help AG.
The report dives deep into the top threats over the past 12 months, the kinds of attacks and attack vectors which are a cause of concern, anatomy of high profile breaches, best practice recommendations, security investment patterns of organizations in the region, uptake rates of new emerging technologies, and, of course, directions on where the market is moving towards in terms of technologies and evolution.
With the substantial increase in prices of cybersecurity solutions globally, including some OEMs increasing their prices north of 30% compared to 2021, combined with the fact that the average large organization runs 50-100 different cybersecurity solutions in their estate, Help AG has observed organizations investing and focusing heavily on cybersecurity estate consolidation, utilizing longer term contracts such as Enterprise License Agreements (ELAs)) to ensure better predictability of budgets and reduced complexity.
