Latin America Cyber Security Market 2021 Size, Status and Business Outlook -AVGTechnologies, CheckPointSoftwareTechnologiesLtd, CiscoSystemsInc

Latin America Cyber Security Market by Component, Application, Services, and Region- Forecast to 2026

The Global Latin America Cyber Security Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Latin America Cyber Security business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Latin America Cyber Security worth chain and its wholesaler examination. Latin America Cyber Security Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Latin America Cyber Security Market was valued at USD 14.62 billion in 2020 and expected to reach USD 37.92 billion by 2026 and grow at a CAGR of 17.2% over the forecast period (2021 - 2026).

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Top Leading Companies of Latin America Cyber Security Market are AVGTechnologies, CheckPointSoftwareTechnologiesLtd, CiscoSystemsInc, CyberArkSoftwareLtd, DellTechnologiesInc, FireEyeInc, FortinetInc, IBMCorporation, ImpervaInc, ProofpointInc, IntelCorporation, BroadcomInc(SymantecCorporation), and others.

Industry News And Updates on Latin America Cyber Security Market-

BFSI Sector to Grow Significantly

- The phishing attacks have been rising in the region accounted for 192,000 attacks per day in 2017, which grew by 115% from the previous year. In 2018, more than 2,000 mobile banking users in Brazil downloaded android-based malware, which breached the confidential data from the device.

- Moreover, in May 2018, Mexico central bank announced that a cyber attack in April 2018 cost undisclosed five financial institutions around USD 15.2 million was owing to several fraudulent transfers.

- In Latin America, Brazil is the most targeted country for cyber attacks. it registered over 28% of the phishing attacks occurred in the region and the country is followed by Guatemala with 20.34%.

Key Market Trends Latin America Cyber Security Market-

- The phishing attacks have been rising in the region accounted for 192,000 attacks per day in 2017, which grew by 115% from the previous year. In 2018, more than 2,000 mobile banking users in Brazil downloaded android-based malware, which breached the confidential data from the device.

- Moreover, in May 2018, Mexico central bank announced that a cyber attack in April 2018 cost undisclosed five financial institutions around USD 15.2 million was owing to several fraudulent transfers.

- In Latin America, Brazil is the most targeted country for cyber attacks. it registered over 28% of the phishing attacks occurred in the region and the country is followed by Guatemala with 20.34%.

Competitive Landscape On Latin America Cyber Security Market-

-May 2019 - Proofpoint Inc. signed a definitive agreement to acquire Meta Networks, an innovator in zero-trust network access. With this acquisition, the company is aiming at strengthening its cloud-based architecture and people-centric security platform.

 -May 2019 - FireEye Inc. acquired security instrumentation company Verodin at USD 250 million. With this acquisition, the company is planning to leverage the Verodin Security Instrumentation Platform into its portfolio by identifying gaps in security effectiveness due to equipment misconfiguration, changes in the IT environment.

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