LAMEA Adaptive Security Market Size, Share & Industry Trends Analysis Report By Application (Network Security, Application Security, End Point Security, Cloud Security), By Industry, By Component, By Deployment Mode, By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Adaptive Security Market should witness market growth of 20.3% CAGR during the forecast period (2023-2030).

Protecting organizations' data, networks, and applications from such undetectable hazards has prompted an increase in the adoption of prevention strategies by businesses. The increasing demand for security compliances and regulations and the need to protect IT resources from sophisticated and complex cyberattacks will likely propel the market during the forecast period. The growing demand for safeguarding IT resources from advanced cyberattacks is expected to generate market expansion opportunities for adaptive security.

The latency, delays, and hazards associated with operating confidential data from a cloud provider are at risk due to the increasing intricacy of cyber-attacks. Thus, organizations seek to implement a hybrid solution, in which the on-premise solutions autonomously update and safeguard the network protection regularly, and the cloud is leveraged to provide a second line of defense against a variety of assaults.

Cybercriminals are employing various hacking techniques to infiltrate an organization's IT infrastructure to gain access to business-critical information that could result in significant financial and data losses. Therefore, defending against these sophisticated cyberattacks requires a strategy transcending conventional defense. The adaptive security practices aim to leverage the organization's extant security infrastructure to ensure a robust security posture. To protect their networks, endpoints, data, and users from such nefarious attacks, large and medium-sized enterprises (SMEs) are interested in deploying security solutions that are adaptive to evolving threats.

The UAE government has released the UAE Digital Government Strategy 2025. The primary goal of the UAE Digital Government Strategy 2025 is to generate a comprehensive, cross-sectoral government commitment and buy-in for integrating digital aspects into overall government strategies. The increasing digitalization in the LAMEA region is anticipated to increase cybersecurity risk. This makes it imperative for organizations to implement enhanced cybersecurity solutions, thereby providing possibilities for expansion for the regional market.

The Brazil market dominated the LAMEA Adaptive Security Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $614.5 million by 2030. The Argentina market is showcasing a CAGR of 21% during (2023-2030). Additionally, The UAE market would register a CAGR of 20% during (2023-2030).

Based on Application, the market is segmented into Network Security, Application Security, End Point Security, Cloud Security, and Others. Based on Industry, the market is segmented into BFSI, Healthcare, IT & Telecom, Retail & Ecommerce, Energy & Utilities, Manufacturing, Government & Defense, and Others. Based on Component, the market is segmented into Solution, and Services. Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fortinet, Inc., Trend Micro, Inc., Rapid7, Inc., IBM Corporation, Cisco Systems, Inc., Aruba Networks (Hewlett Packard Enterprise Company), Juniper Networks, Inc., RSA Security LLC (Symphony Technology Group), Cloudwick Technologies, Inc. and Panda Security S.L.U. (WatchGuard Technologies, Inc)

Scope of the Study

By Application

• Network Security
• Application Security
• End Point Security
• Cloud Security
• Others

By Industry

• BFSI
• Healthcare
• IT & Telecom
• Retail & Ecommerce
• Energy & Utilities
• Manufacturing
• Government & Defense
• Others

By Component

• Solution
• Services

By Deployment Mode

• Cloud
• On-premise

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Fortinet, Inc.
• Trend Micro, Inc.
• Rapid7, Inc.
• IBM Corporation
• Cisco Systems, Inc.
• Aruba Networks (Hewlett Packard Enterprise Company)
• Juniper Networks, Inc.
• RSA Security LLC (Symphony Technology Group)
• Cloudwick Technologies, Inc.
• Panda Security S.L.U. (WatchGuard Technologies, Inc)

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