Futurex has announced its partnership with Spire Solutions to accelerate enterprise access to advanced encryption, key management and data protection solutions.
Futurex’s solutions, combined with Spire Solutions’ regional presence, will help enterprises meet rising demand for compliance-driven, scalable, and future-ready cybersecurity across banking, government, telecom, and large enterprises.
The Middle East cybersecurity market is projected to grow from USD 16.75 billion in 2025 to USD 26.04 billion by 2030. This growth is driven by rapid digital adoption and regional initiatives such as Saudi Arabia’s Vision 2030, Kuwait’s Vision 2035, and the UAE’s National Cybersecurity Strategy.
Speaking on the new partnership, John Doley, VP Sales – Middle East, Futurex said, “Futurex has made significant investments in building a local presence, partnerships, and data center availability across the Middle East. Teaming up with Spire Solutions gives us an added advantage, allowing our world-class encryption and key management solutions to reach Middle Eastern enterprises with the support of local expertise and extensive regional reach. With enterprises demanding faster, more scalable, and compliance-ready security solutions, we help organizations secure their data, accelerate cloud adoption, and thrive in one of the world’s fastest-growing cybersecurity markets.”
Futurex’s unified data protection platform, CryptoHub, is the fastest and most scalable solution in the world, designed to go beyond traditional HSMs. Unlike other industry offerings that cobble together multiple crypto functions via acquisitions, Futurex’s cloud-ready CryptoHub solutions removing complexity and cost while accelerating enterprise cloud adoption and compliance. By bringing our cloud HSMs into the region, we enable customers to meet strict data sovereignty requirements, boost performance by reducing latency, and while reducing the cost and overhead of owning and maintaining standalone solutions — all while accelerating secure enterprise cloud adoption.
“Digital transformation in the Middle East is accelerating, and enterprises can’t afford to compromise on security,” said Syed Quadri, Chief Operating Officer, Spire Solutions. “We are proud of this partnership with Futurex which brings cutting-edge encryption and key management solutions to the region. It not only meets today’s compliance and data sovereignty requirements but also prepares enterprises for future challenges, from post-quantum cryptography to accelerated cloud adoption. Together, we are strengthening the region’s cybersecurity ecosystem, empowering organizations to operate securely, confidently, and at scale while setting a new standard for protecting their valuable data.”
The Middle East’s cybersecurity landscape is evolving fast to meet modern enterprise needs. Stringent compliance and data sovereignty rules, such as Saudi Arabia’s SAMA Cybersecurity Framework, the UAE’s NESA guidelines, and Saudi’s PDPL, are driving change. Cloud adoption, FinTech growth, and compliance mandates are increasing demand for BYOK, HYOK, and HSM-as-a-Service. At Futurex, we see the region moving beyond traditional security, adopting forward-looking encryption strategies to tackle today’s threats and prepare for a post-quantum future
Organizations are also facing increasingly sophisticated cyber threats, including nation-state and financial cyberattacks, highlighting the need for post-quantum cryptography to future-proof cybersecurity strategies.
Futurex is introducing its CryptoHub platform and a range of scalable, compliance-ready security solutions across the region. The goal is to accelerate growth, help customers adopt secure, future-ready technologies, and, alongside Spire Solutions, reinforce their leadership in trusted cybersecurity innovation.
