The Middle East and Africa (MEA) region could see an unwelcome skills shortage materialise in its cyber security market, suggests a new report from industry experts Cybersecurity Ventures.
The worrying trend was identified after forecasting that the regional cyber security sector will grow to $13.43 billion by 2019, covering an expected average annual growth of 13.7% in the next five years.
The Internet of Things (IoT) is the single-most disruptive factor in terms of network security since the internet itself, according to the report.
However with digital businesses seeing the IoT as an opportunity to gain competitive advantage, a skills shortage appears to be an inevitability, suggests Rohit Aggarwal, chief executive officer and founder of Koenig Solutions, an IT training provider.
"Despite the rapid growth being experienced by the global IT segment, there is still a major lack of skills availability, particularly in the MEA region," he explained.
"As such, a large number of enterprises will rely on value added resellers and system integrators to help address their security needs, which in turn will create opportunities for vendors who can strategically align themselves with emerging buying segments."
He added that use of new security technology and services will increase in line with the growing adoption of mobile, cloud and social media – as well as IoT – in the next few years.
Aggarwal concluded by highlighting the GCC Cyber Security Summit taking place currently, which he called an "ideal platform ... to gather and discuss timely trends and issues in the cyber security segment".