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2011 Latin America Network Security Markets
Frost & Sullivan, July 2011, Pages: 49
Growth in the Latin American network security space is leveraged by macroeconomic factors, technology trends and emerging market segments. Though the 2008 and 2009 global economic crisis had a negative effect on the region, Network Security markets still experienced strong growth and are forecast to gain participation in the global Network Security marketplace. Growth drivers include a strong increase in virtual crimes and SPAM, the rapid expansion of IT markets in the Andean region, highlighting the Colombian market, compliance to both national and international regulations, and the heightening demand for mobility of the workforce with growing use of laptops, smart-phones, and PDA's, requiring enhanced security solutions such as SSL VPN.
This research service covers the Latin American network security markets in th efollowing regions:
- Andean Region
- Brazil
- Caribbean and Central America (CCA)
- Mexico
- Southern Cone
Market Overview
- Brazil, Mexico, and Chile in the Southern Cone are the more developed markets, while the remaining regions have not yet reached the similar levels of development.
- The importance of network security has become vital and is no longer an optional investment for companies. Large enterprises have annual budgets to be invested in the security of their networks and the small and medium business (SMB) segment have increased their awareness and consequently investments in these markets as well.
- The high growth rate of the markets in these regions can be attributed to their positive gross domestic product (GDP) growth rates; in the case of the Andean region and CCA, it can also be attributed to its relatively low levels of adoption of network security in the past.
- Regarding the network security solutions studied, firewall/Internet protocol security (IPsec) virtual private network (VPN) accounted for the highest share of market revenues in 2010. However, its share is expected to decrease during the forecast period due to its commoditization. Driven by a rapid increase in workforce mobility and the number of virtual attacks, VPN secure sockets layer (SSL) is expected to witness a significant increase in its revenue share from 2010 to 2016.
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