South & Central America Unified Threat Management Market Forecast to 2030 - Regional Analysis - by Component, Deployment, Enterprise Size, and End Users

Description

List of Tables

The South & Central America unified threat management market was valued at US$ 223.76 million in 2022 and is expected to reach US$ 423.69 million by 2030; it is estimated to register at a CAGR of 8.3% from 2022 to 2030.

Rising Cases of Data Breach Fuel South & Central America Unified Threat Management Market

The rise in digitalization has encouraged several businesses across various industry verticals to digitalize their business in order to gain competitive advantage, enhance operational workflow, and reach more targeted audiences. However, the adoption of digital solutions makes critical data vulnerable and accessible to potential data breach incidents, leading to a rise in the number of data breach cases and incidents. A data breach is a security incident where an unauthorized party gains access to any business-sensitive and crucial information. Data breach incidents can impact business performance due to loss of critical information, financial losses, loss of trust of customers, and others. A few of the data breach incidents and related information are mentioned below:

In July 2023, IBM Security released the Cost of a Data Breach report for 2023. The report indicated that the global average data breach cost reached US$ 4.45 million in 2023, a 15% increase over the previous three years.

South & Central America Unified Threat Management Market Overview

The South America unified threat management market is segmented into Argentina, Brazil, and the Rest of SAM. The increasing number of cyberattacks in Brazil is fueling the adoption of unified threat management systems. According to the FortiGuard Labs report, Brazil suffered a loss of US$ 31.5 billion in attempted cyberattacks from January to June 2022, a 94% increase compared to 2021. Brazil is the second-most targeted country in South America. In total, the Latin America and Caribbean region suffered 137 billion attempted cyberattacks. Furthermore, according to FortiGuard Labs, the number of ransomware signatures has nearly doubled in six months. In the first half of 2022, a total of 10,666 ransomware signatures were found in Latin America, compared to only 5,400 seen in the second half of 2021. The increase in cyber-attacks is fueling the adoption of unified threat management solutions in South America.

Furthermore, according to FortiGuard Labs, the number of ransomware signatures has nearly doubled in six months in Latin America. In the first half of 2022, a total of 10,666 ransomware signatures were found with only 5,400 seen in the last half of 2021 in Latin America. Such an increase in cyber-attacks and ransomware attacks is increasing the adoption of unified threat management software technologies in South America.

South & Central America Unified Threat Management Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Unified Threat Management Market Segmentation

The South & Central America unified threat management market is segmented based on component, deployment, enterprise size, end users, and country.

Based on component, the South & Central America unified threat management market is bifurcated into solution and services. The solution segment held a larger share in 2022.

In terms of deployment, the South & Central America unified threat management market is bifurcated into cloud and on-premise. The cloud segment held a larger share in 2022.

By enterprise size, the South & Central America unified threat management market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger share in 2022.

In terms of end users, the South & Central America unified threat management market is segmented into BFSI, manufacturing, healthcare, retail, government, IT & Telecom, and others. The IT & Telecom segment held the largest share in 2022.

Based on country, the South & Central America unified threat management market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America unified threat management market in 2022.

Fortinet Inc, Sophos Ltd., Cisco Systems Inc, Juniper Networks Inc, Huawei Technologies Co Ltd, and Check Point Software Technologies Ltd are some of the leading companies operating in the South & Central America unified threat management market.

Product Code: BMIRE00030281

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Unified Threat Management Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain:

5. South & Central America Unified Threat Management Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Rising Cases of Data Breach
- 5.1.2 Growing Government Investments and Initiatives for SMEs
- 5.1.3 Expansion of Telecom Industry
5.2 Market Restraints
- 5.2.1 Growing Number of Integrated Solution
5.3 Market Opportunities
- 5.3.1 Digitalization in Healthcare
- 5.3.2 Increasing Deployment of Cloud Technology
5.4 Future Trend
- 5.4.1 Integration of Artificial Intelligence and Machine Learning
5.5 Impact of Drivers and Restraints:

6. Unified Threat Management Market - South & Central America Market Analysis

6.1 South & Central America Unified Threat Management Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Unified Threat Management Market Forecast and Analysis

7. South & Central America Unified Threat Management Market Analysis - Component

7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
- 7.2.3 Consulting
  - 7.2.3.1 Overview
- 7.2.4 Consulting Market Revenue and Forecasts to 2030 (US$ Million)
- 7.2.5 Support, Maintenance & Others
  - 7.2.5.1 Overview
- 7.2.6 Support, Maintenance & Others Market Revenue and Forecasts to 2030 (US$ Million)

8. South & Central America Unified Threat Management Market Analysis - Deployment

8.1 Cloud
- 8.1.1 Overview
- 8.1.2 Cloud Market Revenue and Forecasts to 2030 (US$ Million)
8.2 On-premises
- 8.2.1 Overview
- 8.2.2 On-premises Market Revenue and Forecasts to 2030 (US$ Million)

9. South & Central America Unified Threat Management Market Analysis - Enterprise Size

9.1 Large Enterprises
- 9.1.1 Overview
- 9.1.2 Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
9.2 SMEs
- 9.2.1 Overview
- 9.2.2 SMEs Market Revenue and Forecasts to 2030 (US$ Million)

10. South & Central America Unified Threat Management Market Analysis - End Users

10.1 BFSI
- 10.1.1 Overview
- 10.1.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
10.2 Manufacturing
- 10.2.1 Overview
- 10.2.2 Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
10.4 Retail
- 10.4.1 Overview
- 10.4.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
10.5 Government
- 10.5.1 Overview
- 10.5.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
10.6 IT and Telecom
- 10.6.1 Overview
- 10.6.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
10.7 Others
- 10.7.1 Overview
- 10.7.2 Others Market Revenue and Forecasts to 2030 (US$ Million)

11. South & Central America Unified Threat Management Market -Country Analysis

11.1 South & Central America
- 11.1.1 South & Central America Unified Threat Management Market, Breakdown, By Country - Revenue (2022) (US$ Million)
- 11.1.2 South & Central America Unified Threat Management Market Revenue and Forecasts and Analysis - By Countries
  - 11.1.2.1 Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.1.1 Brazil Unified Threat Management Market Breakdown by Component
    - 11.1.2.1.2 Brazil Unified Threat Management Market Breakdown by Deployment
    - 11.1.2.1.3 Brazil Unified Threat Management Market Breakdown by Enterprise Size
    - 11.1.2.1.4 Brazil Unified Threat Management Market Breakdown by End Users
  - 11.1.2.2 Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.2.1 Argentina Unified Threat Management Market Breakdown by Component
    - 11.1.2.2.2 Argentina Unified Threat Management Market Breakdown by Deployment
    - 11.1.2.2.3 Argentina Unified Threat Management Market Breakdown by Enterprise Size
    - 11.1.2.2.4 Argentina Unified Threat Management Market Breakdown by End Users
  - 11.1.2.3 Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.2.3.1 Rest of South & Central America Unified Threat Management Market Breakdown by Component
    - 11.1.2.3.2 Rest of South & Central America Unified Threat Management Market Breakdown by Deployment
    - 11.1.2.3.3 Rest of South & Central America Unified Threat Management Market Breakdown by Enterprise Size
    - 11.1.2.3.4 Rest of South & Central America Unified Threat Management Market Breakdown by End Users

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development

13. Company Profiles

13.1 Fortinet Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Sophos Ltd.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Cisco Systems Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Juniper Networks Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Huawei Technologies Co Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Check Point Software Technologies Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Financial Overview
- 13.6.4 SWOT Analysis
- 13.6.5 Key Developments

14. Appendix

14.1 Word Index