The UAE’s cybersecurity market is experiencing rapid growth, projected to hit $1.07 billion by 2029, with an average annual growth rate of 12.72 per cent, according to industry data. Currently valued at $540 million, the UAE’s cybersecurity sector is expanding through strategic investments in cloud security, endpoint protection, and data loss prevention solutions, driven by the escalating frequency and severity of cyberattacks. This year alone, cyberattacks have surged by a record 30 per cent year-on-year, despite global efforts to safeguard sensitive data, particularly in sectors like banking, financial services, government, IT, and retail.
The global cybersecurity market is anticipated to grow from $190.4 billion in 2023 to $298.5 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.4 per cent. “Abu Dhabi has positioned itself as a regional economic leader by investing in the digital sector and focusing on future industries, enabling businesses to spearhead technological advancements. Anxinsec is the latest company to join our roster, investing in high-impact solutions to protect our advanced digital infrastructure,” stated Badr Al Olama, Director General of Abu Dhabi Investment Office (Adio).
Al Olama’s comments follow Anxinsec’s announcement of establishing its global headquarters at the Abu Dhabi Global Market (ADGM), choosing Abu Dhabi as its growth launchpad. This move is backed by the Abu Dhabi Investment Office, which is driving efforts to reshape the emirate’s economic landscape. Anxinsec joins a prestigious list of global tech collaborations with Adio, including Tamatem Games, Ubisoft, Insilico Medicine, the Applied AI Company, and NEOPLY.
By setting up its global headquarters in Abu Dhabi, Anxinsec gains access to a city renowned for its cutting-edge cybersecurity infrastructure, where tech giants like Amazon Web Services (AWS), Microsoft, G42, and Bespin Global have already established operations. “Adio’s support and our partnership with ADGM have facilitated Anxinsec’s global headquarters in Abu Dhabi. The emirate’s top-tier infrastructure and exceptional talent pool make it the ideal choice for our operations,” said Alex Jiang, Chairman of Anxinsec.
Jiang highlighted that Abu Dhabi offers an optimal environment for business, investment, living, and work, with seamless connectivity to regional and international markets. “With Adio’s backing, we are committed to advancing our core technologies, enhancing our R&D capabilities, and refining our marketing strategies. As a knowledge-driven cybersecurity firm, Anxinsec is dedicated to providing state-of-the-art solutions and expert services, fostering Abu Dhabi’s burgeoning digital economy,” he added. Anxinsec has already partnered with local government agencies, including the UAE Cybersecurity Council, to contribute to the next wave of cybersecurity innovation across the region.
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