The Latin America, Middle East and Africa Cloud Data Security Market would witness market growth of 21.6% CAGR during the forecast period (2022-2028).
Cloud data security exceedingly challenging for businesses to reliably define and execute security standards across numerous cloud environments, much alone demonstrating compliance to auditors. It is, therefore, not surprising that nine out of ten cybersecurity specialists are concerned about cloud security for these reasons. They cite defending against data loss and leakage, data privacy risks, and confidentiality breaches as their most significant difficulties.
So, for businesses to protect their data better in cloud environments, they must first be aware of their data inventory and its location. Which data is revealed, how it is exposed, and the potential hazards are discussed. Applications that an individual is accessing and which applications are being visited. What is occurring within their applications, how people are using and accessing them, which information must be protected, and the level of that protection.
That is why companies must implement a consistent, unified, and automated cloud data protection service to discover, classify, monitor, protect, and secure applications and data across numerous environments. With cloud data, security organizations can also differentiate between routine and possibly suspicious actions.
The Ministry of Health wants to establish health clusters across Saudi Arabia to encourage preventive and integrated care and increase access to health services. Each cluster's integrated network of healthcare professionals will serve approximately one million individuals. Other priorities of the Ministry of Health include expanding the number of internationally recognized hospitals, doubling the number of primary healthcare visits per capita, reducing smoking and obesity rates, enhancing the quality of preventive and therapeutic healthcare services, and advancing digital healthcare innovation. The constant growth in the healthcare system through many government schemes and the efforts to provide remote check-ups will increase the usage of cloud data security to safeguard the healthcare networks and therefore surge the market expansion in the region.
The Brazil market dominated the LAMEA Cloud Data Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $232.8 million by 2028. The Argentina market is experiencing a CAGR of 22.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 21.2% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Offering Type, the market is segmented into Co-Managed and Fully Managed. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Defense, Manufacturing, Healthcare & Lifesciences, Retail & eCommerce 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 Cloud Data Security Market is Projected to reach USD 10.5 Billion by 2028, at a CAGR of 15.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet, Inc.), Cisco Systems, Inc., McAfee Corp., Microsoft Corporation, Palo Alto Networks, Inc., Zscaler, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., and IBM Corporation.
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