LAMEA Application Programming Interface (API) Security Market Size, Share & Industry Trends Analysis Report By Offering (Platform & Solutions and Services), By Vertical, By Organization Size, By Deployment Mode, By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The Latin America, Middle East and Africa Application Programming Interface (API) Security Market would 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 to the 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. Users are given the assurance of the service they offer through a single security test and numerous security scans, and one can be sure that their services 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
Market Segments Covered in the Report:
- Platform & Solutions
- IT & Telecom
- Retail & Ecommerce
- Media & Entertainment
- Energy & Utilities
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Mode
- Saudi Arabia
- South Africa
- 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.
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