The Latin America, Middle East and Africa Data Resiliency Market would witness market growth of 17.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Data Resiliency Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,327.7 million by 2031. The Argentina market is showcasing a CAGR of 18.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 16.5% during (2024 - 2031).
The increasing importance of business continuity also drives this market. Even minor disruptions can have significant repercussions in today's fast-paced world, including lost revenue, dissatisfied customers, and damaged reputations. Organizations place a premium on the continuity of services and operations, allocating resources towards data resiliency solutions to facilitate prompt recovery from unforeseen events, including natural disasters, system malfunctions, or cyberattacks.
The emergence of remote work in the post-pandemic period has significantly altered business operations, underscoring the necessity for secure and robust data storage and recovery systems. Remote employees often access corporate data using personal devices and unsecured networks, increasing the risk of data breaches and accidental loss.
The increasing incidence of cyber threats, coupled with the expansion of digital financial transactions within the LAMEA region, is propelling the demand for these resiliency solutions. In South Africa, cybercrime is escalating rapidly, with the South African Banking Risk Information Centre (SABRIC) reporting over 25,000 cybercrime cases in 2022. This alarming statistic has pressured financial institutions to bolster their data protection frameworks. Banks and fintech companies are adopting AI-driven threat detection systems, blockchain-based transaction security, and multi-factor authentication protocols to safeguard sensitive financial data and prevent digital banking fraud. Governments across the Middle East are prioritizing these resiliency solutions to secure critical national infrastructure, citizen records, and digital governance platforms. By adopting e-government services, smart city projects, and cloud-based administrative systems, countries such as Saudi Arabia, the UAE, and Qatar reinforce their cyber resilience strategies to combat potential threats. These efforts ensure the resilience of digital infrastructures and secure critical data in an era of growing cyber risks. Hence, the ongoing digital transformation and increasing focus on cybersecurity is expected to drive steady growth in the regional market.
Free Valuable Insights: The Worldwide Data Resiliency Market is Projected to reach USD 61.67 Billion by 2031, at a CAGR of 15.1%
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Media & Entertainment, and Other End-use. Based on Deployment, the market is segmented into Cloud, and On-Premises. Based on Type, the market is segmented into Solution (Data Backup & Recovery, Data Archiving & E-Discovery, and Disaster Recovery), and Services (Professional Service, and Managed Service). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Organization Size
By End-use
By Deployment
By Type
By Country
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