Market Overview

The Cybersecurity Market in Latin America - Outlook to 2023 -


The "Latin
America Cybersecurity Market (2018-2023)"
report has been added
to's offering.

With increased internet penetration, cyberattacks are becoming more
powerful, allowing hackers greater access to new technology. One such
example is the production a malware called 'Flame'.

The Latin America cybersecurity market is anticipated to grow at an
overall compound annual growth rate (CAGR) of 12.3% and will be worth of
USD 20.65 Bn by 2023.

For the majority of the security software providers, Latin America is an
important market owing to its currently fragile cybersecurity
infrastructure. In 2016, Latin America generated only 7.9% of the global
revenue in the cybersecurity market.

By countries, Brazil is one the largest economies in the Latin America
region. The country is undergoing a digital revolution-over 50% of the
population has internet access. It had also faced severe cyberttacks
during the summer Olympic game in 2016 that brought the country
disrepute. About 8.6% of the cyberattacks were initiated from within
Brazil. Brazil ended up providing a massive opportunity to cybersecurity
vendors to advance their business.

By solution, Identified and access management dominates the market. The
Brazilian e-government services are facing problems with regard to ID
entity management because they do not have National Strategy for digital
identity management. This is driving the adoption of IAM to achieve
these goals.

Key Growth Factors

  • The growth of the digital economy in Latin America is making it
    necessary for countries to update their cybersecurity policies and
    take essential technical measures to safeguard privacy.
  • Cities across Latin America are making extensive use of IoT to ease
    day-to-day transactions. This creates huge opportunities for
    cybersecurity solution providers to improve their products and provide
    highly secured solutions.

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. Latin America Cybersecurity Market

Chapter 3. Latin America Cybersecurity Market - by Industries

Chapter 4. Latin America Cybersecurity Market - by Solution

Chapter 5. Latin America Cybersecurity Market- by Countries

Chapter 6. Key Player Company Profiles

  • Symantec
  • Avast
  • McAfee
  • CA Technologies
  • Kaspersky Lab
  • Trustwave

Chapter 7. Conclusion

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