As the Middle East and the UAE experience a digital transformation, San Francisco-based cybersecurity startup Splunk, which is expected to be acquired by IT giant Cisco Systems in an all-cash deal worth $28 billion, reaffirms its commitment to making investments in the area. Gary Steele, CEO of Splunk, saw the significant prospects brought forth by the Middle East's digital transformation. During an interview at Gitex Global in Dubai, he emphasized the strategic significance of the company in the area and its partnership with partners to strengthen the resilience of digital systems.
Steele also emphasized the growing importance of machine learning and artificial intelligence (AI) in the Middle East, pointing out how these technologies improve digital resilience and provide companies a competitive edge. He applauded the area's aspirations to use AI and machine intelligence, noting the possibility of significant breakthroughs in digital resilience.
By 2030, it is anticipated that the Middle East's cybersecurity market will
grow to $31 billion due to efforts by businesses and governments to protect critical infrastructure. Through the provision of a unified view of data and sophisticated threat detection, Cisco's acquisition of Splunk is anticipated to strengthen its cybersecurity capabilities, notably in the area of security information and event management (SIEM). Cisco's cybersecurity arsenal will be further strengthened by Splunk's ability to leverage data and AI to boost cybersecurity solutions for its clients.
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