Latin America Cyber Security Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2027

The Latin America Cyber Security Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Latin America Cyber Security market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Latin America Cyber Security market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Latin America Cyber Security market.

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 - AVG Technologies, Check Point Software Technologies Ltd, Cisco Systems Inc., Cyber Ark Software Ltd, Dell Technologies Inc., FireEye Inc., Fortinet Inc., IBM Corporation, Imperva Inc., Proofpoint Inc., Intel Corporation, Broadcom Inc. (Symantec Corporation) and others.

Industry News and Updates:

- 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.

Key Market Trends:

BFSI Sector to Grow Significantly

- The BFSI sector is one of the critical infrastructure segments that suffers several data breaches and cyber-attacks, owing to the large customer base that the industry serves and the financial information that is at stake. The financial service institutions have been identified to be four times more susceptible to cyber attacks, as compared to other industries, which is expected to drive the demand for such solutions.
- 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.

Increasing M2M Connections Demand Cyber Security

- While GSMA reported that IoT connections in Latin America are expected to grow to 1300 million by 2025 from 444 million in 2017, M2M connections are also anticipated to witness a significant rise. The IoT describes the coordination of multiple devices, machines, and appliances connected to the Internet through multiple networks.
- These devices include everyday objects such as tablets, consumer electronics, and other machines, such as vehicles, monitors, and sensors equipped with M2M communications that allow them to send and receive data.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Latin America Cyber Security Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Latin America Cyber Security Market (%),2016 - 2026
- Latin America Cyber Security Market Share, By Brand
- Latin America Cyber Security Market Share, By Company
- Latin America Cyber Security Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Latin America Cyber Security Market Value Analysis & Forecast
- Promising Latin America Cyber Security Development by Major Companies
- Detailed Latin America Cyber Security Portfolio of the Major Companies
- Major Deals in the Latin America Cyber Security Market
- Major Companies Analysis

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