The Latin America, Middle East and Africa Automated Breach and Attack Simulation Market would witness market growth of 37.6% CAGR during the forecast period (2023-2029).
The automated breach and attack simulation market is seeing technological advancement, a significant trend. Businesses operating in the automated breach and attack simulation market consistently focus on releasing cutting-edge technologies to remain competitive. Automated breach and attack simulation is a cutting-edge method of computer security testing that locates weaknesses in the security environment by imitating the anticipated attack paths and methods employed by malicious attackers. The efficiency of a company's detection, prevention, and mitigation capabilities is evaluated using these automated tools that carry out simulated attacks.
Growing demand for compliance, prioritizing safety measures, and the prevalence of cyber risks will be the main drivers of market expansion. The market's expansion would be further hampered by rising data repository services and growing security threat management complexity. Other factors supporting the market's growth include the increase in small and medium-sized businesses using cloud-based security solutions and the rise in demand for operational excellence.
The growing popularity of online payments, and the BFSI industry currently requires more data centers than ever. Banks and other financial institutions securely store customer information at branch offices, trading floors, and on-site or cloud-based data centers. As a result of the global disruption brought on by the coronavirus, it is expected that digital banking systems will adopt new technologies such as containerization, blockchain, microservices, cloud computing, and APIs. As a result, it is projected that the banking and financial industries will provide data centers with several growth opportunities. The growing number of data centers in the area is predicted to help the regional market expand in LAMEA.
The Brazil market dominated the LAMEA Automated Breach and Attack Simulation Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $44.7 million by 2029. The Argentina market is experiencing a CAGR of 38.4% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 37.2% during (2023 - 2029).
Based on Offering, the market is segmented into Platforms & Tools and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Enterprises & Data Centers and Managed Service Providers. Based on Application, the market is segmented into Configuration Management, Threat Management, Patch Management, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automated Breach and Attack Simulation Market is Projected to reach USD 2.5 Billion by 2029, at a CAGR of 31.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Qualys, Inc., Rapid7, Inc. (IntSights), Sophos Group PLC (Thoma Bravo), Keysight Technologies, Inc., Skybox Security, Inc., NopSec.com, Inc., ReliaQuest, LLC, SCYTHE Inc., CyCognito Ltd. And FireEye, Inc.
By Offering
By Deployment Mode
By End User
By Application
By Country
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