The Latin America, Middle East and Africa Data Security as a Service Market should witness market growth of 14.6% CAGR during the forecast period (2022-2028).
Data security is essential for several reasons for both public and private sector businesses. First and foremost, companies have a moral and legal duty to prevent unauthorized access to user and customer data. For instance, the Payment Card Industry Data Security Standard (PCI DSS), which requires businesses to take all appropriate precautions to secure customer data, may apply to financial institutions.
Another issue is the harm to one's reputation that a data breach or hack might cause. A well-publicized, high-profile breach or hack might damage organization’s reputation if they don't take data security seriously. Not to mention the financial and logistical consequences of a data breach. It will take time and money to assess the damage, make repairs, and determine which business operations failed and what needs to be corrected.
The Saudi Arabian government has long understood the value of broadband connectivity, and the potential advantages of 5G technology which will complement the country's aspirations to develop a world-class modern economy as defined in its Vision 2030. According to authorities, Saudi Arabia is amongst the top of the region for awardedIMT spectrumin the sub-GHz range which should enable the natural expansion of the country's mobile network capacity from 3G and 4G to 5G. The rapid adoption of the 5G in the region will also increase the requirement for robust data security solutions to ensure safe data transfer and operation, thereby propelling the market growth in the region.
The Brazil market dominated the LAMEA Data Security as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,095.1 million by 2028. The Argentina market is experiencing a CAGR of 15.3% during (2022-2028). Additionally, The UAE market would display a CAGR of 14.3% during (2022-2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Type, the market is segmented into Data Encryption & Masking as a Service, Data Backup & Recovery as a Service, Data Discovery & Classification as a Service, Data Access Control as a Service, Data Governance & Compliance as a Service and Data Auditing & Monitoring as a Service. Based on Vertical, the market is segmented into BFSI, IT & ITes, Retail & eCommerce, Healthcare & Life Sciences, Telecommunications, Manufacturing, Media & Entertainment, Energy & Utilities and Others. 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 IBM Corporation, Cisco Systems, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Cognizant Technology Solutions Corporation, Veritas Technologies LLC (The Carlyle Group), Open Text Corporation (Micro Focus International PLC), Commvault Systems, Inc., and Thales Group S.A.
Data security is essential for several reasons for both public and private sector businesses. First and foremost, companies have a moral and legal duty to prevent unauthorized access to user and customer data. For instance, the Payment Card Industry Data Security Standard (PCI DSS), which requires businesses to take all appropriate precautions to secure customer data, may apply to financial institutions.
Another issue is the harm to one's reputation that a data breach or hack might cause. A well-publicized, high-profile breach or hack might damage organization’s reputation if they don't take data security seriously. Not to mention the financial and logistical consequences of a data breach. It will take time and money to assess the damage, make repairs, and determine which business operations failed and what needs to be corrected.
The Saudi Arabian government has long understood the value of broadband connectivity, and the potential advantages of 5G technology which will complement the country's aspirations to develop a world-class modern economy as defined in its Vision 2030. According to authorities, Saudi Arabia is amongst the top of the region for awardedIMT spectrumin the sub-GHz range which should enable the natural expansion of the country's mobile network capacity from 3G and 4G to 5G. The rapid adoption of the 5G in the region will also increase the requirement for robust data security solutions to ensure safe data transfer and operation, thereby propelling the market growth in the region.
The Brazil market dominated the LAMEA Data Security as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,095.1 million by 2028. The Argentina market is experiencing a CAGR of 15.3% during (2022-2028). Additionally, The UAE market would display a CAGR of 14.3% during (2022-2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Type, the market is segmented into Data Encryption & Masking as a Service, Data Backup & Recovery as a Service, Data Discovery & Classification as a Service, Data Access Control as a Service, Data Governance & Compliance as a Service and Data Auditing & Monitoring as a Service. Based on Vertical, the market is segmented into BFSI, IT & ITes, Retail & eCommerce, Healthcare & Life Sciences, Telecommunications, Manufacturing, Media & Entertainment, Energy & Utilities and Others. 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 IBM Corporation, Cisco Systems, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Cognizant Technology Solutions Corporation, Veritas Technologies LLC (The Carlyle Group), Open Text Corporation (Micro Focus International PLC), Commvault Systems, Inc., and Thales Group S.A.
Scope of the Study
By Organization Size
- Large Enterprises
- SMEs
By Type
- Data Encryption & Masking as a Service
- Data Backup & Recovery as a Service
- Data Discovery & Classification as a Service
- Data Access Control as a Service
- Data Governance & Compliance as a Service
- Data Auditing & Monitoring as a Service
By Vertical
- BFSI
- IT & ITes
- Retail & eCommerce
- Healthcare & Life Sciences
- Telecommunications
- Manufacturing
- Media & Entertainment
- Energy & Utilities
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- Cognizant Technology Solutions Corporation
- Veritas Technologies LLC (The Carlyle Group)
- Open Text Corporation (Micro Focus International PLC)
- Commvault Systems, Inc.
- Thales Group S.A.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Data Security as a Service Market, by Organization Size
1.4.2 LAMEA Data Security as a Service Market, by Type
1.4.3 LAMEA Data Security as a Service Market, by Vertical
1.4.4 LAMEA Data Security as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Analyst's Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographic Expansion
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2018, Oct - 2023, Jan) Leading Players
Chapter 4. LAMEA Data Security as a Service Market by Organization Size
4.1 LAMEA Large Enterprises Market by Country
4.2 LAMEA SMEs Market by Country
Chapter 5. LAMEA Data Security as a Service Market by Type
5.1 LAMEA Data Encryption & Masking as a Service Market by Country
5.2 LAMEA Data Backup & Recovery as a Service Market by Country
5.3 LAMEA Data Discovery & Classification as a Service Market by Country
5.4 LAMEA Data Access Control as a Service Market by Country
5.5 LAMEA Data Governance & Compliance as a Service Market by Country
5.6 LAMEA Data Auditing & Monitoring as a Service Market by Country
Chapter 6. LAMEA Data Security as a Service Market by Vertical
6.1 LAMEA BFSI Market by Country
6.2 LAMEA IT & ITes Market by Country
6.3 LAMEA Retail & eCommerce Market by Country
6.4 LAMEA Healthcare & Life Sciences Market by Country
6.5 LAMEA Telecommunications Market by Country
6.6 LAMEA Manufacturing Market by Country
6.7 LAMEA Media & Entertainment Market by Country
6.8 LAMEA Energy & Utilities Market by Country
6.9 LAMEA Others Market by Country
Chapter 7. LAMEA Data Security as a Service Market by Country
7.1 Brazil Data Security as a Service Market
7.1.1 Brazil Data Security as a Service Market by Organization Size
7.1.2 Brazil Data Security as a Service Market by Type
7.1.3 Brazil Data Security as a Service Market by Vertical
7.2 Argentina Data Security as a Service Market
7.2.1 Argentina Data Security as a Service Market by Organization Size
7.2.2 Argentina Data Security as a Service Market by Type
7.2.3 Argentina Data Security as a Service Market by Vertical
7.3 UAE Data Security as a Service Market
7.3.1 UAE Data Security as a Service Market by Organization Size
7.3.2 UAE Data Security as a Service Market by Type
7.3.3 UAE Data Security as a Service Market by Vertical
7.4 Saudi Arabia Data Security as a Service Market
7.4.1 Saudi Arabia Data Security as a Service Market by Organization Size
7.4.2 Saudi Arabia Data Security as a Service Market by Type
7.4.3 Saudi Arabia Data Security as a Service Market by Vertical
7.5 South Africa Data Security as a Service Market
7.5.1 South Africa Data Security as a Service Market by Organization Size
7.5.2 South Africa Data Security as a Service Market by Type
7.5.3 South Africa Data Security as a Service Market by Vertical
7.6 Nigeria Data Security as a Service Market
7.6.1 Nigeria Data Security as a Service Market by Organization Size
7.6.2 Nigeria Data Security as a Service Market by Type
7.6.3 Nigeria Data Security as a Service Market by Vertical
7.7 Rest of LAMEA Data Security as a Service Market
7.7.1 Rest of LAMEA Data Security as a Service Market by Organization Size
7.7.2 Rest of LAMEA Data Security as a Service Market by Type
7.7.3 Rest of LAMEA Data Security as a Service Market by Vertical
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Cisco Systems, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Geographical Expansions:
8.3.5 SWOT Analysis
8.4 Microsoft Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Hewlett Packard Enterprise Company (HP Development Company L.P.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Cognizant Technology Solutions Corporation
8.6.1 Company overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Acquisition and Mergers:
8.6.5 SWOT Analysis
8.7 Veritas Technologies LLC (The Carlyle Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product Launches and Product Expansions:
8.7.4.3 Acquisition and Mergers:
8.8 Open Text Corporation (Micro Focus International PLC)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.9 Commvault Systems, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. Thales Group S.A.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research and Development Expense
Companies Mentioned
- IBM Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- Cognizant Technology Solutions Corporation
- Veritas Technologies LLC (The Carlyle Group)
- Open Text Corporation (Micro Focus International PLC)
- Commvault Systems, Inc.
- Thales Group S.A.
Methodology
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