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Latin America Cyber Security Market 2019-2028

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    Report

  • 88 Pages
  • July 2020
  • Region: Latin America
  • Triton Market Research
  • ID: 5134166

MARKET OUTLOOK

An analysis by the publisher has concluded that the cyber security market in Latin America is likely to proliferate at a CAGR of 10.33% in the forecasted period 2019-2028.
Brazil, Mexico and Rest of Latin America together form the cyber security market in Latin America.

The government in Brazil is using its armed forces to play a leading role in the country’s cyberspace protection. Huge investments have been made in upgrading military cyber capabilities, particularly in the law enforcement sector. In Brazil, there are no laws intended to regulate cybercrime specifically. The Consumer Code and the Internet Act states some principles and rules that must be observed concerning cybersecurity. Although the companies in Latin America have been early adopters of digitizing services like interfaces and mobile banking applications, they have been providing less attention in securing their critical and sensitive data and infrastructure. This is offering a fertile ground to cyber attackers. All these factors are indicating the potential growth of the studied market in the region.

In Mexico, the growing economy and the rising connectivity are offering lucrative ground for the cybercriminals to indulge in illicit activities. Many companies in the country do not report cyberattacks to protect their reputations and few of them are unaware of the infringement. These factors are creating a demand for the cyber security market in Mexico.

COMPETITIVE OUTLOOK

Some of the major players in the cyber security market are Fortinet Inc, Imperva, Intel Security (Intel Corporation), Dell Technologies Inc, Cyber Ark Software Ltd, Rapid7, Cisco Systems Inc and Palo Alto Networks Inc.

Table of Contents

1. Latin America Cyber Security Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Services Segment is the Fastest-Growing Component
2.2.2. The Infrastructure Security Segment Dominates the Market
2.2.3. The Healthcare Application is Anticipated to Register a High Growth Rate
2.3. Porter's Five Force Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Competitive Rivalry
2.4. Key Impact Analysis
2.5. Market Attractiveness Index
2.6. Value Chain Analysis
2.6.1. Developing
2.6.2. Distributors
2.6.3. Services
2.6.4. Customers
2.7. Vendor Scorecard
2.8. Market Drivers
2.8.1. Increasing Virus Threats Among Organizations
2.8.2. Surge in Demand for Cloud-Based Cyber Security Solutions
2.8.3. Adoption of Byod & IoT
2.8.4. Rise in Cyber Security Incidents and Cyber Security Regulations
2.9. Market Restraints
2.9.1. Complex Designs of Device Security
2.9.2. Limited Budget Among Sme Organizations
2.9.3. Insufficiency of Cyber Security Professionals
2.10. Market Opportunities
2.10.1. Sturdy Validation Functionality
2.10.2. Rise in Mobile Device Applications and Platforms
2.10.3. Upgrading Traditional Anti-Virus Softwares
2.11. Market Challenges
2.11.1. Availability of Pirated Version of Softwares
2.11.2. Avoiding Software Upgrades
2.12. Impact of Covid-19 on Cyber Security
2.13. Types of Cyber Security
2.13.1. Network Security
2.13.2. Cloud Security
2.13.3. Application Security
2.13.4. End-Point Security
2.13.5. Wireless Network Security
2.13.6. Database Security & Web Application Security
3. Latin America Cyber Security Market Outlook - by Components
3.1. Solution
3.2. Service
4. Latin America Cyber Security Market Outlook - by Deployment
4.1. Cloud
4.2. On-Premises
5. Latin America Cyber Security Market Outlook - by Organization Size
5.1. Large Organizations
5.2. Sme's
6. Latin America Cyber Security Market Outlook - by Application
6.1. Identity and Access Management (Iam)
6.2. Infrastructure Security
6.3. Governance, Risk and Compliance
6.4. Unified Vulnerability Management Service Offering
6.5. Data Security & Privacy Service Offering
6.6. Others
7. Latin America Cyber Security Market Outlook - by Industrial Verticals
7.1. Aerospace & Defense
7.2. Bfsi
7.3. Healthcare
7.4. Public Sector
7.5. Retail
7.6. It & Telecommunication
7.7. Energy & Utilities
7.8. Manufacturing
7.9. Others
8. Latin America Cyber Security Market – Regional Outlook
8.1. Brazil
8.2. Mexico
8.3. Rest of Latin America
9. Competitive Landscape
9.1. Avg Technologies (Acquired by Avast Software Sro)
9.2. Check Point Software Technologies Ltd
9.3. Cisco Systems Inc
9.4. Cyber Ark Software Ltd
9.5. Dell Technologies Inc
9.6. Fireeye Inc
9.7. Fortinet Inc
9.8. International Business Machines Corporation
9.9. Imperva
9.10. Intel Security (Intel Corporation)
9.11. Palo Alto Networks Inc
9.12. Proofpoint Inc
9.13. Rapid7
9.14. Symantec Corporation (Broadcom Inc)
9.15. Trend Micro Incorporated
10. Methodology & Scope
10.1. Research Scope
10.2. Sources of Data
10.3. Research Methodology
List of Tables
Table 1: Latin America Cyber Security Market, by Country, 2019-2028 (In $ Billion)
Table 2: Vendor Scorecard
Table 3: Latin America Cyber Security Market, by Components, 2019-2028 (In $ Billion)
Table 4: Latin America Cyber Security Market, by Deployment, 2019-2028 (In $ Billion)
Table 5: Latin America Cyber Security Market, by Organization Size, 2019-2028 (In $ Billion)
Table 6: Latin America Cyber Security Market, by Application, 2019-2028 (In $ Billion)
Table 7: Latin America Cyber Security Market, by Industrial Verticals, 2019-2028 (In $ Billion)
Table 8: Latin America Cyber Security Market, by Country, 2019-2028 (In $ Billion)
List of Figures
Figure 1: Latin America Cyber Security Market, by Service, 2019-2028 (In $ Billion)
Figure 2: Latin America Cyber Security Market, by Infrastructure Security, 2019-2028 (In $ Billion)
Figure 3: Latin America Cyber Security Market, by Healthcare, 2019-2028 (In $ Billion)
Figure 4: Porter's Five Force Analysis
Figure 5: Key Buying Impact Analysis
Figure 6: Market Attractiveness Index
Figure 7: Value Chain Analysis
Figure 8: Benefits of Network Security Solutions
Figure 9: Latin America Cyber Security Market, by Solution, 2019-2028 (In $ Billion)
Figure 10: Latin America Cyber Security Market, by Service, 2019-2028 (In $ Billion)
Figure 11: Latin America Cyber Security Market, by Cloud, 2019-2028 (In $ Billion)
Figure 12: Latin America Cyber Security Market, by On-Premises, 2019-2028 (In $ Billion)
Figure 13: Latin America Cyber Security Market, by Large Organizations, 2019-2028 (In $ Billion)
Figure 14: Latin America Cyber Security Market, by Sme's, 2019-2028 (In $ Billion)
Figure 15: Latin America Cyber Security Market, by Identity and Access Management (Iam), 2019-2028 (In $ Billion)
Figure 16: Latin America Cyber Security Market, by Infrastructure Security, 2019-2028 (In $ Billion)
Figure 17: Latin America Cyber Security Market, by Governance, Risk and Compliance, 2019-2028 (In $ Billion)
Figure 18: Latin America Cyber Security Market, by Unified Vulnerability Management Service Offering, 2019-2028 (In $ Billion)
Figure 19: Latin America Cyber Security Market, by Data Security & Privacy Service Offering, 2019-2028 (In $ Billion)
Figure 20: Latin America Cyber Security Market, by Others, 2019-2028 (In $ Billion)
Figure 21: Latin America Cyber Security Market, by Aerospace & Defense, 2019-2028 (In $ Billion)
Figure 22: Latin America Cyber Security Market, by Bfsi, 2019-2028 (In $ Billion)
Figure 23: Latin America Cyber Security Market, by Healthcare, 2019-2028 (In $ Billion)
Figure 24: Latin America Cyber Security Market, by Public Sector, 2019-2028 (In $ Billion)
Figure 25: Latin America Cyber Security Market, by Retail, 2019-2028 (In $ Billion)
Figure 26: Latin America Cyber Security Market, by It & Telecommunication, 2019-2028 (In $ Billion)
Figure 27: Latin America Cyber Security Market, by Energy & Utilities, 2019-2028 (In $ Billion)
Figure 28: Latin America Cyber Security Market, by Manufacturing, 2019-2028 (In $ Billion)
Figure 29: Latin America Cyber Security Market, by Others, 2019-2028 (In $ Billion)
Figure 30: Latin America Cyber Security Market, Regional Outlook, 2018 & 2028 (In %)
Figure 31: Brazil Cyber Security Market, 2019-2028 (In $ Billion)
Figure 32: Mexico Cyber Security Market, 2019-2028 (In $ Billion)
Figure 33: Rest of Latin America Cyber Security Market, 2019-2028 (In $ Billion)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Avg Technologies (Acquired by Avast Software Sro)
  • Check Point Software Technologies Ltd
  • Cisco Systems Inc
  • Cyber Ark Software Ltd
  • Dell Technologies Inc
  • Fireeye Inc
  • Fortinet Inc
  • International Business Machines Corporation
  • Imperva
  • Intel Security (Intel Corporation)
  • Palo Alto Networks Inc
  • Proofpoint Inc
  • Rapid7
  • Symantec Corporation (Broadcom Inc)
  • Trend Micro Incorporated