South America Cyber Security Market Introduction and Overview
According to SPER Market Research, the South America Cyber Security Market is estimated to reach USD 697.88 billion by 2033 with a CAGR of 17.98%.
The report includes an in-depth analysis of the South America Cyber Security Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cybersecurity solutions are those that help businesses identify, track, report, and defend against online risks in order to protect the privacy of their data. Cybersecurity is the category under which safeguarding devices with internet connections fall. Cybersecurity helps shield users from a variety of online risks.
- In February 2023, Accenture expanded its practice capabilities in Brazil by acquiring Morphus, a cyber protection, cyber threat intelligence, and risk management company based in Brazil. With the addition of over 230 highly qualified workers, Accenture will become a significant cybersecurity professional services supplier in Brazil.
- In July 2022, Exadel purchased Motion Software, a software engineering firm with expertise in e-learning, blockchain, analytics, and artificial intelligence. Through the integration of Motion's small work platform, this acquisition will enable Exadel to expand its footprint throughout Europe and create new avenues for expediting the EU client matchmaking process.
Market Opportunities and Challenges
Opportunities: There are many opportunities in the cyber security market in South America, which is driven by a number of important parameters. For initially, there is an urgent need for strong cyber defense measures in the region due to the growing digitization of several industries like government services, healthcare, and banking. The increasing use of cloud computing, IoT devices, and digital payment systems—all of which increase the attack surface for cyber threats—fuels this demand even further. Tight regulatory frameworks also force firms to invest in compliance and data security solutions. Examples of this are Brazil's LGPD (Lei Geral de Proteção de Dados) and comparable data protection regulations in other nations.
Challenges: The cyber security software installation budget is inadequate, which is going to hinder market growth. Cybersecurity software solutions lack sufficient alignment between company objectives and security measures, making them less comprehensive. Furthermore, cyber security systems place a greater emphasis on thwarting external threats than they do on internal ones. Key deterrent considerations include a variety of factors, including a dearth of specialists and expertise in newly developing and evolving security solutions. The adoption of products by Small and Medium Enterprises (SMEs) is hindered by the high cost of implementing and maintaining internet security solutions and services.
Market Competitive Landscape
The Cyber Security market in Africa and the South America is fairly fragmented. Some of the market companies are Beltis, Infopulse, INCUCA TECH, Exadel Inc., Sikur, Vaultone.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Security Type, By Enterprise Size, By Industry
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| Regions covered | Brazil, Argentina, Rest of South America
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| Companies Covered | Beltis, Infopulse, INCUCA TECH, Exadel Inc., Sikur, Vaultone.
|
COVID-19 Impact on South America Cyber Security Market
The cyber security market in South America has been greatly affected by the COVID-19 epidemic, which has resulted in a realignment of objectives and an acceleration of some sector trends. Organizations in the region are facing more cybersecurity concerns as a result of the growing trend of remote labor and increased dependency on digital infrastructure. Rapid adoption of online platforms, cloud services, and remote collaboration tools has increased the attack surface for cyber threats and increased the number of cyberattacks directed at government and commercial institutions. Demand for cybersecurity solutions, such as endpoint security, threat intelligence, and secure remote access technologies, has increased as a result of the threat landscape's increase. were required to implement extra safety measures and adhere to COVID-19 guidelines.
Key Target Audience:
- Enterprises
- Government Agencies
- Financial Institutions
- Healthcare Organizations
- Educational Institutions
- Small and Medium-sized Businesses (SMBs)
- Critical Infrastructure Providers
- Legal and Compliance Professionals
- Information Technology (IT) Departments
- Chief Information Security Officers (CISOs)
- Chief Technology Officers (CTOs)
- Chief Executive Officers (CEOs)
Our in-depth analysis of the South America Cyber Security Market includes the following segments:
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By Security Type: |
Network Security
Cloud Application Security
End-Point Security
Secure Web Gateway
Application Security
Others
|
|
By Enterprise Size: |
Small & Medium Enterprises (SMEs)
Large Enterprise
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|
By Industry: |
BFSI
IT and Telecommunications
Retail
Healthcare Government
Manufacturing
Travel and Transportation
Energy and Utilities
|
Key Topics Covered in the Report:
- South America Cyber Security Market Size (FY’2024-FY’2033)
- Overview of South America Cyber Security Market
- Segmentation of South America Cyber Security Market By Security Type (Network Security, Cloud Application Security, End-Point Security, Secure Web Gateway, Application Security, Others)
- Segmentation of South America Cyber Security Market By Enterprise Size (Small & Medium Enterprises (SMEs), Large Enterprise)
- Segmentation of South America Cyber Security Market By Industry (BFSI, IT and Telecommunications, Retail, Healthcare Government, Manufacturing, Travel and Transportation, Energy and Utilities, Others)
- Expansion Analysis of South America Cyber Security Market
- Problems and Obstacles in South America Cyber Security Market
- Competitive Landscape in the South America Cyber Security Market
- Impact of COVID-19 and Demonetization on South America Cyber Security Market
- Details on Current Investment in South America Cyber Security Market
- Competitive Analysis of South America Cyber Security Market
- Prominent Players in the South America Cyber Security Market
- SWOT Analysis of South America Cyber Security Market
- South America Cyber Security Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South America Cyber Security Market
5. Market variable and outlook5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South America Cyber Security Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South America Cyber Security Market
7. South America Cyber Security Market, By Security Type (USD Million)
7.1. South America Cyber Security Market Value Share and Forecast, By Security Type, 2024-2033
7.2. Network Security
7.3. Cloud Application Security
7.4. End-Point Security
7.5. Secure Web Gateway
7.6. Application Security
7.7. Others
8. South America Cyber Security Market, By Enterprise Size (USD Million)
8.1. South America Cyber Security Market Value Share and Forecast, By Enterprise Size, 2024-2033
8.2. Small & Medium Enterprises (SMEs)
8.3. Large Enterprise
9. South America Cyber Security Market, By Industry (USD Million)
9.1. South America Cyber Security Market Value Share and Forecast, By Industry, 2024-2033
9.2. BFSI
9.3. IT and Telecommunications
9.4. Retail
9.5. Healthcare Government
9.6. Manufacturing
9.7. Travel and Transportation
9.8. Energy and Utilities
9.9. Others
10. South America Cyber Security Market Forecast, 2020-2033 (USD Million)
10.1. South America Cyber Security Market Size and Market Share
11. South America Cyber Security Market, By Security Type, 2020-2033 (USD Million)
11.1. South America Cyber Security Market Size and Market Share By Security Type (2020-2026)
11.2. South America Cyber Security Market Size and Market Share By Security Type (2027-2033)
12. South America Cyber Security Market, By Enterprise Size, 2020-2033 (USD Million)
12.1. South America Cyber Security Market Size and Market Share By Enterprise Size (2020-2026)
12.2. South America Cyber Security Market Size and Market Share By Enterprise Size (2027-2033)
13. South America Cyber Security Market, By Industry, 2020-2033 (USD Million)
13.1. South America Cyber Security Market Size and Market Share By Industry (2020-2026)
13.2. South America Cyber Security Market Size and Market Share By Industry (2027-2033)
14. South America Cyber Security Market, By Region, 2020-2033 (USD Million)
14.1. South America Cyber Security Market Size and Market Share By Region (2020-2026)
14.2. South America Cyber Security Market Size and Market Share By Region (2027-2033)
14.3. Brazil
14.4. Argentina
14.5. Rest of South America
15. Company Profile
15.1. Beltis
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Infopulse
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. INCUCA TECH
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Exadel Inc.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Sikur
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Vaultone
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
