The Latin America, Middle East and Africa Data Resiliency Market is expected to witness market growth of 17.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Data Resiliency Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.32 billion by 2031. The Argentina market is showcasing a CAGR of 18.3% during 2024-2031. Additionally, the UAE market would register a CAGR of 16.5% during 2024-2031.
The increasing importance of business continuity also drives this market. Even minor disruptions can have significant repercussions in today's fast-paced world, including lost revenue, dissatisfied customers, and damaged reputations. Organizations place a premium on the continuity of services and operations, allocating resources towards data resiliency solutions to facilitate prompt recovery from unforeseen events, including natural disasters, system malfunctions, or cyberattacks.
The emergence of remote work in the post-pandemic period has significantly altered business operations, underscoring the necessity for secure and robust data storage and recovery systems. Remote employees often access corporate data using personal devices and unsecured networks, increasing the risk of data breaches and accidental loss.
The increasing incidence of cyber threats, coupled with the expansion of digital financial transactions within the LAMEA region, is propelling the demand for these resiliency solutions. In South Africa, cybercrime is escalating rapidly, with the South African Banking Risk Information Centre (SABRIC) reporting over 25,000 cybercrime cases in 2022. This alarming statistic has pressured financial institutions to bolster their data protection frameworks. Banks and fintech companies are adopting AI-driven threat detection systems, blockchain-based transaction security, and multi-factor authentication protocols to safeguard sensitive financial data and prevent digital banking fraud. Governments across the Middle East are prioritizing these resiliency solutions to secure critical national infrastructure, citizen records, and digital governance platforms. By adopting e-government services, smart city projects, and cloud-based administrative systems, countries such as Saudi Arabia, the UAE, and Qatar reinforce their cyber resilience strategies to combat potential threats. These efforts ensure the resilience of digital infrastructures and secure critical data in an era of growing cyber risks. Hence, the ongoing digital transformation and increasing focus on cybersecurity is expected to drive steady growth in the regional market.
The Brazil market dominated the LAMEA Data Resiliency Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.32 billion by 2031. The Argentina market is showcasing a CAGR of 18.3% during 2024-2031. Additionally, the UAE market would register a CAGR of 16.5% during 2024-2031.
The increasing importance of business continuity also drives this market. Even minor disruptions can have significant repercussions in today's fast-paced world, including lost revenue, dissatisfied customers, and damaged reputations. Organizations place a premium on the continuity of services and operations, allocating resources towards data resiliency solutions to facilitate prompt recovery from unforeseen events, including natural disasters, system malfunctions, or cyberattacks.
The emergence of remote work in the post-pandemic period has significantly altered business operations, underscoring the necessity for secure and robust data storage and recovery systems. Remote employees often access corporate data using personal devices and unsecured networks, increasing the risk of data breaches and accidental loss.
The increasing incidence of cyber threats, coupled with the expansion of digital financial transactions within the LAMEA region, is propelling the demand for these resiliency solutions. In South Africa, cybercrime is escalating rapidly, with the South African Banking Risk Information Centre (SABRIC) reporting over 25,000 cybercrime cases in 2022. This alarming statistic has pressured financial institutions to bolster their data protection frameworks. Banks and fintech companies are adopting AI-driven threat detection systems, blockchain-based transaction security, and multi-factor authentication protocols to safeguard sensitive financial data and prevent digital banking fraud. Governments across the Middle East are prioritizing these resiliency solutions to secure critical national infrastructure, citizen records, and digital governance platforms. By adopting e-government services, smart city projects, and cloud-based administrative systems, countries such as Saudi Arabia, the UAE, and Qatar reinforce their cyber resilience strategies to combat potential threats. These efforts ensure the resilience of digital infrastructures and secure critical data in an era of growing cyber risks. Hence, the ongoing digital transformation and increasing focus on cybersecurity is expected to drive steady growth in the regional market.
List of Key Companies Profiled
- IBM Corporation
- Accenture PLC
- Infosys Limited
- Tata Consultancy Services Ltd.
- Wipro Limited
- Capgemini SE
- Cognizant Technology Solutions Corporation
- Cisco Systems, Inc.
- HCL Technologies Ltd.
- Microsoft Corporation
Market Report Segmentation
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By End-use
- BFSI
- Government
- Energy & Utilities
- Healthcare
- Manufacturing
- Retail
- Telecom & IT
- Media & Entertainment
- Other End-use
By Deployment
- Cloud
- On-Premises
By Type
- Solution
- Data Backup & Recovery
- Data Archiving & E-Discovery
- Disaster Recovery
- Services
- Professional Service
- Managed Service
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Data Resiliency Market by Organization Size
Chapter 6. LAMEA Data Resiliency Market by End-use
Chapter 7. LAMEA Data Resiliency Market by Deployment
Chapter 8. LAMEA Data Resiliency Market by Type
Chapter 9. LAMEA Data Resiliency Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- Accenture PLC
- Infosys Limited
- Tata Consultancy Services Ltd.
- Wipro Limited
- Capgemini SE
- Cognizant Technology Solutions Corporation
- Cisco Systems, Inc.
- HCL Technologies Ltd.
- Microsoft Corporation
Methodology
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