Latin America Cybersecurity Market (2018-2023)
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Latin America Cybersecurity Market
With increased internet penetration, cyberattacks are becoming more powerful, allowing hackers greater access to new technology. One such example is the production a malware called ‘Flame'. The Latin America cybersecurity market is anticipated to grow at an overall compound annual growth rate (CAGR) of 12.3 % and will be worth of USD 20.65 Bn by 2023.
For the majority of the security software providers, Latin America is an important market owing to its currently fragile cybersecurity infrastructure. In 2016, Latin America generated only 7.9% of the global revenue in the cybersecurity market.
By countries, the Latin America cybersecurity market is classified into Brazil, Mexico, Argentina, and other cybersecurity markets. Brazil is one the largest economies in the Latin America region. The country is undergoing a digital revolution-over 50% of the population has internet access. It had also faced severe cyberttacks during the summer Olympic game in 2016 that brought the country disrepute. About 8.60% of the cyberattacks were initiated from within Brazil. Brazil ended up providing a massive opportunity to cybersecurity vendors to advance their business.
By solution, the Latin America cybersecurity solution is classified into identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management. Identified and access management dominates the market. The Brazilian e-government services are facing problems with regard to ID entity management because they do not have National Strategy for digital identity management. This is driving the adoption of IAM to achieve these goals.
Key growth factors:
With the given market data, Netscribes offers customizations according to specific needs.
Latin America Cybersecurity Market
With increased internet penetration, cyberattacks are becoming more powerful, allowing hackers greater access to new technology. One such example is the production a malware called ‘Flame'. The Latin America cybersecurity market is anticipated to grow at an overall compound annual growth rate (CAGR) of 12.3 % and will be worth of USD 20.65 Bn by 2023.
For the majority of the security software providers, Latin America is an important market owing to its currently fragile cybersecurity infrastructure. In 2016, Latin America generated only 7.9% of the global revenue in the cybersecurity market.
By countries, the Latin America cybersecurity market is classified into Brazil, Mexico, Argentina, and other cybersecurity markets. Brazil is one the largest economies in the Latin America region. The country is undergoing a digital revolution-over 50% of the population has internet access. It had also faced severe cyberttacks during the summer Olympic game in 2016 that brought the country disrepute. About 8.60% of the cyberattacks were initiated from within Brazil. Brazil ended up providing a massive opportunity to cybersecurity vendors to advance their business.
By solution, the Latin America cybersecurity solution is classified into identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management. Identified and access management dominates the market. The Brazilian e-government services are facing problems with regard to ID entity management because they do not have National Strategy for digital identity management. This is driving the adoption of IAM to achieve these goals.
Key growth factors:
- The growth of the digital economy in Latin America is making it necessary for countries to update their cybersecurity policies and take essential technical measures to safeguard privacy
- Cities across Latin America are making extensive use of IoT to ease day-to-day transactions. This creates huge opportunities for cybersecurity solution providers to improve their products and provide highly secured solutions
- The region lacking proper cybersecurity strategies is one of the main reason that hinders the adoption in this market. Countries like Argentina, and Chile have outdated laws with the regard to data protection. There also lies an information gap between users and the authorities
- The region is not able to respond to major cybersecurity attacks owing to lack of understanding, and inadequate resource capacity
- The key players in this market are Symantec, Avast, McAfee, Trustwave, CA Technologies, Kaspersky Lab
- Overview of the Latin America cybersecurity market
- The current and forecasted market size data for the Latin America cybersecurity market
- The current and forecasted market size data for the segments of the market, by end user industries - financial services, telecommunication, healthcare, public sector, and others
- The current and forecasted market size data for the segments of the market, by solution- identity and access management, encryption, governance regulation and compliance, unified threat management, and security information and event management
- Market trends in the Latin America cybersecurity market
- Market drivers and challenges in the Latin America cybersecurity market
- Current and forecasted countries - Brazil, Argentina, Chile, and rest of Latin America market size data for the Latin America cybersecurity market
- Analysis of company profiles of the major players operating in the market
- Get a broad understanding of the Latin America cybersecurity market and its segments - by region, by solution, and by end user industries
- Get region-specific drivers and challenges affecting the Latin America cybersecurity market
- Recognize significant competitors' business and market dynamics, and respond accordingly
With the given market data, Netscribes offers customizations according to specific needs.
CHAPTER 1: EXECUTIVE SUMMARY
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
CHAPTER 2: LATIN AMERICA CYBERSECURITY MARKET
2.1. Market overview Key observations, global historical (2016-2017) and forecasted (2018-2023) market size (USD bn)
2.2. Market drivers
2.3. Market trends
CHAPTER 3: LATIN AMERICA CYBERSECURITY MARKET BY INDUSTRIES (FINANCIAL SERVICES, TELECOMMUNICATION, HEALTHCARE, PUBLIC SECTOR, AND OTHERS)
3.1. Market size
3.2. Market overview drivers, trend, and challenges
CHAPTER 4: LATIN AMERICA CYBERSECURITY MARKET BY SOLUTION
4.1. Identity and Access management Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2. Encryption Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key opportunities
4.3. Governance Regulation and Compliance Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.4. Unified Threat Management Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.5. Security information and event management Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
CHAPTER 5: LATIN AMERICA CYBERSECURITY MARKET BY COUNTRIES
5.1. Brazil cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.2. Argentina cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.3. Chile cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.4. Rest Of Latin America cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
CHAPTER 6: COMPANY PROFILES
6.1. Symantec (*)
Company snapshot
Product/services
Global presence
Other major initiatives/highlights
Key numbers
Growth strategy
6.2. Avast
6.3. McAfee
6.4. CA Technologies
6.5. Kaspersky lab
6.6. Trustwave
(*) all the information are similar for the mentioned companies
CHAPTER 7: CONCLUSION
7.1. Conclusion
Appendix
1. List of Tables
2. Research Methodology
3. Assumptions
4. About Netscribes Inc.
Disclaimer: The Table of Contents (ToC) provided above contains the targeted coverage. The coverage is subject to change as we progress with the research.
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
CHAPTER 2: LATIN AMERICA CYBERSECURITY MARKET
2.1. Market overview Key observations, global historical (2016-2017) and forecasted (2018-2023) market size (USD bn)
2.2. Market drivers
2.3. Market trends
CHAPTER 3: LATIN AMERICA CYBERSECURITY MARKET BY INDUSTRIES (FINANCIAL SERVICES, TELECOMMUNICATION, HEALTHCARE, PUBLIC SECTOR, AND OTHERS)
3.1. Market size
3.2. Market overview drivers, trend, and challenges
CHAPTER 4: LATIN AMERICA CYBERSECURITY MARKET BY SOLUTION
4.1. Identity and Access management Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.2. Encryption Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key opportunities
4.3. Governance Regulation and Compliance Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.4. Unified Threat Management Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
4.5. Security information and event management Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), key observation
CHAPTER 5: LATIN AMERICA CYBERSECURITY MARKET BY COUNTRIES
5.1. Brazil cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.2. Argentina cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.3. Chile cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
5.4. Rest Of Latin America cybersecurity market Historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), drivers, trends and challenges
CHAPTER 6: COMPANY PROFILES
6.1. Symantec (*)
Company snapshot
Product/services
Global presence
Other major initiatives/highlights
Key numbers
Growth strategy
6.2. Avast
6.3. McAfee
6.4. CA Technologies
6.5. Kaspersky lab
6.6. Trustwave
(*) all the information are similar for the mentioned companies
CHAPTER 7: CONCLUSION
7.1. Conclusion
Appendix
1. List of Tables
2. Research Methodology
3. Assumptions
4. About Netscribes Inc.
Disclaimer: The Table of Contents (ToC) provided above contains the targeted coverage. The coverage is subject to change as we progress with the research.
