The Latin America, Middle East and Africa Cloud Security Posture Management Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).
A misconfiguration of cloud resources is more possible if a company does not understand how its resources connect with one another. One of the most prevalent misconfigurations is providing public access to cloud storage buckets or containers that can be allocated to storage classes independently. When accessibility to storage buckets is left open, anyone with the knowledge of where to look can attack the buckets.
Teams can use security posture to determine their level of threat readiness. Today's businesses have dozens of security procedures in place, to safeguard their assets from a variety of dangers. Each of these security controls, on the other hand, is vulnerable to a broad range of attacks, giving a committed threat actor a virtually limitless number of approaches to enter an organization.
South Africa's retail sector in cloud security posture management is well-developed. The retail sector contributed about 12% to overall GDP in 2013 and had grown by 9% over the previous five years, with total retail sales in South Africa. In the next five years, retail sales are forecast to expand at a rate of over 5% per year, reaching R424.8 billion (USD $40 billion) in 2014. Other African countries are seeing aggressive expansion by local businesses. The majority of South African retailers have had a successful entry into the Sub-Saharan African market, exceeding income predictions and expectations.
The Brazil market dominated the LAMEA Cloud Security Posture Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $180.1 Million by 2028. The Argentina market is experiencing a CAGR of 17.9% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 16.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Cloud Model, the market is segmented into Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, Retail & Ecommerce, Government, IT & ITeS, Healthcare & Life Sciences, Education, 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 Global Cloud Security Posture Management Market is Predict to reach $9.9 Billion by 2028, at a CAGR of 15.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, VMware, Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Sophos Group PLC, Crowdstrike Holdings, Inc., Atos Group, and Forcepoint LLC.
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