Spending on information security solutions in the Middle East and North Africa (MENA) is set to reach $1.1 billion this year as businesses recognise the need to take a more proactive approach to their defences.
This is according to Gartner, which noted that this marks a rise of 3.3 per cent compared with last year. However, this figure disguises the true pace of growth, as it is affected by appreciation in the US dollar. In constant currency terms, the MENA security market is expected to grow by 15 per cent this year.
Greg Young, research vice-president at Gartner, commented: "Enterprises in MENA are now realising that merely adopting preventive strategies is not enough, and they are beginning to focus on detection and response approaches to improve the security posture of their organisation."
He added that large enterprises in the region are investing in building their security operations capabilities - either in-house or by taking advantage of the external services offered by managed security services providers.
Gartner's research also revealed that the vast majority of attacks in the coming years will make use of known weaknesses. It forecast that 99.9 per cent of incidents will be based on product vulnerabilities that have been known of for at least a year.
State-sponsored attacks are also a growing threat, but Gartner predicted that more than 40 per cent of these through 2018 will see the targeted business misidentify the source.
"Organisations' interest in security is being driven by elements of digital business, such as cloud, mobile computing and, increasingly, the Internet of Things, as well as by the sophisticated and high-impact nature of advanced targeted attacks," Mr Young said.
The company also urged enterprises in the MENA region to devote more resources to threat detection - as long as this does not come at the expense of efforts to block known threats. This will require businesses to look closely at their people, process and technology strategies around security to identify where they need to be doing more.