The Latin America, Middle East and Africa Wireless Network Security Market should witness market growth of 15.8% CAGR during the forecast period (2023-2030).
Organizational networks are more vulnerable to cyberattacks for data theft due to the internet and new technologies. These firms incorporate wireless network security solutions to protect themselves from invasive access and harmful activity. In order to reach a wider audience and expand their income base, businesses in the market are investing in their R&D efforts to provide cutting-edge wireless network security solutions.
The expanding use of wireless technology has been a significant element in the expansion of this market, particularly in nations with poor internet penetration and poor digital infrastructure. Governments and utility businesses increasingly need these solutions due to the growing demand for secure network architecture to protect personal data and national security concerns.
The adoption of 5G technology is rising quickly. With improved network solutions, 5G increases bandwidth use, dependability, and delay while enabling devices to operate at high rates. As a result, technologies, including machine learning (ML), industrial IoT, artificial intelligence (AI), and others, have adopted 5G widely. More data is anticipated to be shared over the network as 5G technology is rapidly incorporated into business applications, creating new risks to data security. Cyberattackers cause concern for users and 5G service providers. The demand for security solutions will likely increase by adopting 5G services. Therefore, over the projected period, the rising trend of deploying 5G services is expected to drive the expansion of this market.
Saudi Arabia is actively developing many smart cities, including NEOM, Red Sea, Qiddiya, Waad Alshamal, and SPARK, and intends to be the world's most connected and digitally advanced country by 2030, according to the International Trade Administration. The International Data Corporation (IDC) projects that Saudi Arabia's IoT industry will expand 12.8 percent annually to $2.9 billion by 2025. Data centers, cloud computing, industrialized IoT, and artificial intelligence are some of the areas of attention. The market is expected to develop as a result of the rising use of IoT technologies and security services in this region.
The Brazil market dominated the LAMEA Wireless Network Security Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,084.6 million by 2030. The Argentina market is showcasing a CAGR of 16.4% during (2023-2030). Additionally, The UAE market would register a CAGR of 15.5% during (2023-2030).
Based on Component, the market is segmented into Solution (Firewall, Identity & Access Management, Encryption, Intrusion Prevention System (IPS)/Intrusion Detection System (IDS), Unified Threat Solutions and Others) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On premise and Cloud. Based on End-use, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare & Lifesciences, Retail, Manufacturing 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 Check Point Software Technologies Ltd., Aruba Networks (Hewlett Packard Enterprise Company), Kaspersky Lab, Cisco Systems, Inc., Fortinet, Inc., Juniper Networks, Inc., Motorola Solutions, Inc., Sophos Group PLC (Thoma Bravo), Broadcom, Inc. (Symantec Corporation) and Trend Micro Inc.
Organizational networks are more vulnerable to cyberattacks for data theft due to the internet and new technologies. These firms incorporate wireless network security solutions to protect themselves from invasive access and harmful activity. In order to reach a wider audience and expand their income base, businesses in the market are investing in their R&D efforts to provide cutting-edge wireless network security solutions.
The expanding use of wireless technology has been a significant element in the expansion of this market, particularly in nations with poor internet penetration and poor digital infrastructure. Governments and utility businesses increasingly need these solutions due to the growing demand for secure network architecture to protect personal data and national security concerns.
The adoption of 5G technology is rising quickly. With improved network solutions, 5G increases bandwidth use, dependability, and delay while enabling devices to operate at high rates. As a result, technologies, including machine learning (ML), industrial IoT, artificial intelligence (AI), and others, have adopted 5G widely. More data is anticipated to be shared over the network as 5G technology is rapidly incorporated into business applications, creating new risks to data security. Cyberattackers cause concern for users and 5G service providers. The demand for security solutions will likely increase by adopting 5G services. Therefore, over the projected period, the rising trend of deploying 5G services is expected to drive the expansion of this market.
Saudi Arabia is actively developing many smart cities, including NEOM, Red Sea, Qiddiya, Waad Alshamal, and SPARK, and intends to be the world's most connected and digitally advanced country by 2030, according to the International Trade Administration. The International Data Corporation (IDC) projects that Saudi Arabia's IoT industry will expand 12.8 percent annually to $2.9 billion by 2025. Data centers, cloud computing, industrialized IoT, and artificial intelligence are some of the areas of attention. The market is expected to develop as a result of the rising use of IoT technologies and security services in this region.
The Brazil market dominated the LAMEA Wireless Network Security Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,084.6 million by 2030. The Argentina market is showcasing a CAGR of 16.4% during (2023-2030). Additionally, The UAE market would register a CAGR of 15.5% during (2023-2030).
Based on Component, the market is segmented into Solution (Firewall, Identity & Access Management, Encryption, Intrusion Prevention System (IPS)/Intrusion Detection System (IDS), Unified Threat Solutions and Others) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On premise and Cloud. Based on End-use, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare & Lifesciences, Retail, Manufacturing 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 Check Point Software Technologies Ltd., Aruba Networks (Hewlett Packard Enterprise Company), Kaspersky Lab, Cisco Systems, Inc., Fortinet, Inc., Juniper Networks, Inc., Motorola Solutions, Inc., Sophos Group PLC (Thoma Bravo), Broadcom, Inc. (Symantec Corporation) and Trend Micro Inc.
Scope of the Study
By Component
- Solution
- Firewall
- Identity & Access Management
- Encryption
- Intrusion Prevention System (IPS)/Intrusion Detection System (IDS)
- Unified Threat Solutions
- Others
- Services
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Type
- On premise
- Cloud
By End-use
- BFSI
- Government & Defense
- IT & Telecom
- Healthcare & Lifesciences
- Retail
- Manufacturing
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Check Point Software Technologies Ltd.
- Aruba Networks (Hewlett Packard Enterprise Company)
- Kaspersky Lab
- Cisco Systems, Inc.
- Fortinet, Inc.
- Juniper Networks, Inc.
- Motorola Solutions, Inc.
- Sophos Group PLC (Thoma Bravo)
- Broadcom, Inc. (Symantec Corporation)
- Trend Micro Inc.
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 & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Wireless Network Security Market by Component
Chapter 6. LAMEA Wireless Network Security Market by Enterprise Size
Chapter 7. LAMEA Wireless Network Security Market by Deployment Type
Chapter 8. LAMEA Wireless Network Security Market by End-use
Chapter 9. LAMEA Wireless Network Security Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Check Point Software Technologies Ltd.
- Aruba Networks (Hewlett Packard Enterprise Company)
- Kaspersky Lab
- Cisco Systems, Inc.
- Fortinet, Inc.
- Juniper Networks, Inc.
- Motorola Solutions, Inc.
- Sophos Group PLC (Thoma Bravo)
- Broadcom, Inc. (Symantec Corporation)
- Trend Micro Inc.
Methodology
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