Brazil Cyber Security Market Future Growth Rate: Ken Research

Cybersecurity is the practice of safeguarding the programs, networks, and systems from digital attacks. These cyberattacks are primarily aimed at accessing, transforming, damage or destroying sensitive data and disturbing business processes. Cybersecurity against the online threats undertakes higher significance in today's transforming the digital landscape. It has become vital among organizations owing to speedily increasing cybercrimes, frauds, threats, risks, and vulnerabilities. Countless factors, entailing increase in the frequency and sophistication of cyber threats, emergence of the disruptive digital technologies, stringent data protection regulations for information security are propelling the growth of the cybersecurity market.

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According to the report analysis, 'Brazil Cyber Security Market Outlook to 2021 - Rising Smart Phone Penetration and Online Banking Transactions to Augment Demand for Security' states that Brazil is enduring a digital revolution with few parallels in the developing world. The rate of digital penetration and social media implementation has grown exponentially over the past decade. Over 50% of Brazilians are the active Internet users, & Brazilian financial institutions were early adopters of online services. Cyber security and online fraud are foremost concerns, with annual losses reaching the billions of dollars. The requirement for the cyber security solutions has developed tremendously owing to the growing usage of smart phones, augmenting number of online transactions and developing number of start-ups in the country. There are thousands of attempts to attack information & communications technology systems across Brazil in day-to-day life. Augmenting the cybercrime problems in the country is the foremost driver for the growth of the cyber security industry.

On the basis of security types, Cloud based security is the ~ underwriter in the industry. The growing number of virtualized and cloud networks in Brazil is boosting the requirement for cloud-based security. Cloud security has added the share of ~% in the revenues during 2016. Wireless security has underwritten ~% in the revenues of the industry. Network endpoint has underwritten ~% followed by application ~% and content ~%. On the basis of solutions, Indentify and Access Management (IAM) has registered the industry with the share of ~% in terms of revenues. IAM is utilized to deliver the authorized admittance to the employees and other authorized personnel to organizational systems. BFSI sector has majorly registered the revenues in the industry with the share of ~% during 2016 on the basis of types of industry in Brazil. The country ranks second in the world in online banking fraud and financial malware.

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Brazil cyber security market is predicted to augment at a CAGR of ~% during 2016-2021 to reach at USD ~ million in 2021. Brazil cyber security market is projected to augment at a robust rate during coming future due to the growing risk of cyber threats, augmenting the awareness about cyber security solutions, increasing use of smart phones & internet and changing technologies. Growing Fraud cases and cyber-attacks in banking and financial sector across the country has surged the requirement for cyber security services in the companies from this sector.

BFSI sector will register the industry during coming future in terms of revenue followed by government, IT & Telecom, Healthcare and others. On the basis of end user, the large businesses will register the market during coming future in terms of revenues. The large businesses with their great infrastructure and network will register the demand break up for cyber security.

Related Report: -
https://www.kenresearch.com/defense-and-security/security-devices/vietnam-cybersecurity-market-outlook-to-2025/419415-16.html

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