The Latin America, Middle East and Africa Application Programming Interface (API) Security Market should witness market growth of 35.6% CAGR during the forecast period (2023-2030).
Market growth is anticipated to be significantly accelerated by factors such as the rising adoption of advanced analytics to explore more knowledge and its usage and the growing demand for contemporary APIs required to link essential data with programs and gadgets. In addition, the market will continue to rise due tothe rising need for API-led connectivity and the requirement for both public and private APIs to speed up digital transformation.
Developers perform security checks to make sure their online applications and services are completely protected from malicious assaults and aren't giving hackers access to any sensitive data. API Security tests successfully pass various security audits. Each of them has been built to look for specific weaknesses. Usersare given the assurance of the service theyoffer through a single security test and numerous security scans, and onecan be sure that theirservices are well-protected against harmful attacks. Before a connection between the two endpoints is established, only API Security can determine whether a web service is protected from outside assaults.
According to the Brazilian Digital Transformation Strategy, "digital transformation represents a chance for the entire country to advance. For everyone to flourish economically and socially and enjoy a high quality of life, digital technologies offer the means for a dramatic revolution in governmental actions, competitiveness, productivity in the business sector, and empowerment and inclusion in society (MCTIC, 2018). Internet connectivity is necessary for exercising citizenship, according to the Marco Civil da Internet, a Brazilian framework for civil rights on the Internet. Policies must promote inclusion to prevent digital divisions from reproducing the "analog" gaps in Brazilian society if Brazil is to realize these premises. The market is expected to expand as digital transformation gains popularity.
The Brazil market dominated the LAMEA Application Programming Interface (API) Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $90.6 million by 2030. The Argentina market is showcasing a CAGR of 36.3% during (2023-2030). Additionally, The UAE market would register a CAGR of 35.2% during (2023-2030).
Based on Offering, the market is segmented into Platform & Solutions and Services. Based on Vertical, the market is segmented into BFSI, Government, IT & Telecom, Manufacturing, Retail & Ecommerce, Media & Entertainment, Healthcare, Energy & Utilities, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Mode, the market is segmented into Cloud, On-premise and Hybrid. 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 Google LLC (Alphabet Inc.), Salt Security Inc., Noname Security, Akamai Technologies, Inc., Data Theorem, Inc., Axway Software SA, Imperva, Inc., Traceable Inc., Palo Alto Networks, Inc. and Fortinet, Inc.
Market growth is anticipated to be significantly accelerated by factors such as the rising adoption of advanced analytics to explore more knowledge and its usage and the growing demand for contemporary APIs required to link essential data with programs and gadgets. In addition, the market will continue to rise due tothe rising need for API-led connectivity and the requirement for both public and private APIs to speed up digital transformation.
Developers perform security checks to make sure their online applications and services are completely protected from malicious assaults and aren't giving hackers access to any sensitive data. API Security tests successfully pass various security audits. Each of them has been built to look for specific weaknesses. Usersare given the assurance of the service theyoffer through a single security test and numerous security scans, and onecan be sure that theirservices are well-protected against harmful attacks. Before a connection between the two endpoints is established, only API Security can determine whether a web service is protected from outside assaults.
According to the Brazilian Digital Transformation Strategy, "digital transformation represents a chance for the entire country to advance. For everyone to flourish economically and socially and enjoy a high quality of life, digital technologies offer the means for a dramatic revolution in governmental actions, competitiveness, productivity in the business sector, and empowerment and inclusion in society (MCTIC, 2018). Internet connectivity is necessary for exercising citizenship, according to the Marco Civil da Internet, a Brazilian framework for civil rights on the Internet. Policies must promote inclusion to prevent digital divisions from reproducing the "analog" gaps in Brazilian society if Brazil is to realize these premises. The market is expected to expand as digital transformation gains popularity.
The Brazil market dominated the LAMEA Application Programming Interface (API) Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $90.6 million by 2030. The Argentina market is showcasing a CAGR of 36.3% during (2023-2030). Additionally, The UAE market would register a CAGR of 35.2% during (2023-2030).
Based on Offering, the market is segmented into Platform & Solutions and Services. Based on Vertical, the market is segmented into BFSI, Government, IT & Telecom, Manufacturing, Retail & Ecommerce, Media & Entertainment, Healthcare, Energy & Utilities, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Mode, the market is segmented into Cloud, On-premise and Hybrid. 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 Google LLC (Alphabet Inc.), Salt Security Inc., Noname Security, Akamai Technologies, Inc., Data Theorem, Inc., Axway Software SA, Imperva, Inc., Traceable Inc., Palo Alto Networks, Inc. and Fortinet, Inc.
Scope of the Study
By Offering
- Platform & Solutions
- Services
By Vertical
- BFSI
- Government
- IT & Telecom
- Manufacturing
- Retail & Ecommerce
- Media & Entertainment
- Healthcare
- Energy & Utilities
- Others
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Mode
- Cloud
- On-premise
- Hybrid
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Google LLC (Alphabet Inc.)
- Salt Security Inc.
- Noname Security
- Akamai Technologies, Inc.
- Data Theorem, Inc.
- Axway Software SA
- Imperva, Inc.
- Traceable Inc.
- Palo Alto Networks, Inc.
- Fortinet, 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 Application Programming Interface (API) Security Market by Offering
Chapter 6. LAMEA Application Programming Interface (API) Security Market by Vertical
Chapter 7. LAMEA Application Programming Interface (API) Security Market by Organization Size
Chapter 8. LAMEA Application Programming Interface (API) Security Market by Deployment Mode
Chapter 9. LAMEA Application Programming Interface (API) Security Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Google LLC (Alphabet Inc.)
- Salt Security Inc.
- Noname Security
- Akamai Technologies, Inc.
- Data Theorem, Inc.
- Axway Software SA
- Imperva, Inc.
- Traceable Inc.
- Palo Alto Networks, Inc.
- Fortinet, Inc.
Methodology
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