LAMEA Security and Vulnerability Management Market By Component (Software and Services), By Type (Content Management Systems Vulnerabilities, API Vulnerabilities, IoT Vulnerabilities, and Others), By Deployment Type (Cloud and On-premise), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Energy & Utility, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Security and Vulnerability Management Market would witness market growth of 11.2% CAGR during the forecast period (2021-2027).
Vulnerability management is a recurring process of detecting IT assets and associating them with a frequently updated vulnerability database to detect vulnerabilities, threats, and misconfigurations. One more crucial aspect of vulnerability management comprises validating the urgency and influence of all vulnerabilities on the basis of several risk factors and accordingly responding to the critical threats rapidly. Generally, the vulnerability management refers to a process of detecting, categorizing, prioritizing, and resolving vulnerabilities in enterprise applications (whether in the cloud or on-premises), end-user applications, browsers, and operating systems (OS). Vulnerability management is an ongoing process that constantly detect vulnerabilities, which are later remediated via configuration and patching of security settings.
Strict industry standards & regulations, significantly rising adoption of cloud computing, and a growing number of cyber-attack threats are determinants supporting the growth of this market. The high chances of vulnerabilities in the IT sector are growing due to which, companies are adopting these solutions. In contrast, the high adoption cost and the lack of knowledge related to security and vulnerability management solutions are obstacles to the demand and growth of the security and vulnerability management market.
LAMEA security and vulnerability management market is witnessing gradual growth as company owners in this region are not well aware of the security solutions. As a result, online transactions are highly susceptible to digital theft. The SVM solution and services are mainly used by large size companies in this region for several critical applications. Some of the factors that support the need for security solutions comprises adherence to strict compliance requirements and automation for error identification and remediation.
Moreover, the emerging companies in this region are anticipated to boost the demand for security and vulnerability management solutions. Further, the growing rate of cyber-attacks and threats are driving the demand for these solutions in this market. However, the high cost of installation and maintenance is projected to slow down the demand and growth of the regional security and vulnerability management market in the upcoming years.
The Brazil market dominated the LAMEA Small & Medium Enterprises Security and Vulnerability Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $154.2 million by 2027. The Argentina market would witness a CAGR of 13.4% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 12.4% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Type, the market is segmented into Content Management Systems Vulnerabilities, API Vulnerabilities, IoT Vulnerabilities, and Others. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Energy & Utility, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tenable®, Inc., F-Secure Corporation, Skybox Security, Inc., IBM Corporation, Qualys, Inc., Rapid7, Inc., Check Point Software Technologies Ltd., Digital Defense, Inc. (HelpSystems, LLC), Tripwire Inc. (Belden, Inc.), and AT&T Cybersecurity (AT&T, Inc.).
Scope of the Study
Market Segments Covered in the Report:
- Content Management Systems Vulnerabilities
- API Vulnerabilities
- IoT Vulnerabilities
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- IT & Telecom
- Energy & Utility
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Tenable®, Inc.
- F-Secure Corporation
- Skybox Security, Inc.
- IBM Corporation
- Qualys, Inc.
- Rapid7, Inc.
- Check Point Software Technologies Ltd.
- Digital Defense, Inc. (HelpSystems, LLC)
- Tripwire Inc. (Belden, Inc.)
- AT&T Cybersecurity (AT&T, Inc.)
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