The Latin America, Middle East and Africa Edge Security Market would witness market growth of 27.3% CAGR during the forecast period (2022-2028).
Edge device security is important, but cloud security also a critical aspect. While cloud analysis and storage remain the preferred location for storing and analyzing data, the sheer volume of data made by devices connected to the internet requires much more processing power. Edge computing, by design, moves storage and computing resources closer to the data sources. To manage the load, edge-based computation shifts data from the edge to the cloud, especially back to the edge, which is much more vulnerable to attacks.
There is an increasing trend toward moving to the cloud in the healthcare industry. However, enterprises are advised to comply with strict security policies for sensitive data. Edge security is a high-tech form of cloud edge security that prioritizes the most critical security fundamentals, including encryption for data stored locally and in transit between the edge computing devices and the network core.
The government of Saudi Arabia has recognized the importance of broadband communications and the potential benefits of the 5G technologies, which now fit well into the nation’s plan to build a leading economy, as stated in Vision 2030. Saudi Arabia is a regional leader in terms of awarded International Mobile Telecommunication (IMT) spectrum in sub-GHz IMT bands, assisting in the organic growth of domestic mobile network capacities from 3G and 4G to 5G. The rising awareness towards 5G and the rising work towards its more comprehensive implementation will increase the need for a proper security solution like edge security which will further boost the market expansion in the region.
The Brazil market dominated the LAMEA Edge Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,246.8 million by 2028. The Argentina market is experiencing a CAGR of 28% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 26.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into SD-WAN, Secure Access Service Edge, Cloud Access Security Broker and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Government & Defense, Retail & E-commerce, Energy & Utilities, Manufacturing, Healthcare & Life Sciences, IT & Telecom 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 Edge Security Market is Projected to reach USD 57.2 Billion by 2028, at a CAGR of 20.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Zscaler, Inc., Cloudflare, Inc., F5 Networks, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), and Forcepoint LLC (Francisco Partners).
By Component
By Deployment Mode
By Organization Size
By Vertical
By Country
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