Report : South America Network Security Firewall Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solution and Services) and Deployment (On-Premise and Cloud)
Cloud Segment to Dominate SAM Network Security Firewall Market during 2019–2027
According to The Insight Partners market research study on "SAM Network Security Firewall Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment" is expected to reach US$ 364.1 million by 2027 from US$ 118.9 million in 2018. The market is estimated to grow at a CAGR of 13.4 % from 2019 to 2027. The report provides trends prevailing in the SAM network security firewall market along with the drivers and restraints pertaining to the market growth. network hazard caused by implementation of IOT (Internet of things) and as well as upturn in utilization of cloud and BYOD (bring you own device) are the major factor driving the growth of the SAM network security firewall market. However, scarcity of skilled labor workforces hinders the growth of SAM network security firewall market. In case of COVID-19, as per United Nations Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, Executive Secretary said that the COVID-19 would have damaging effects on the economy that would be more intense than those felt during the 2008–2009 global financial crisis, also, the countries in the region would not be secure as they would be negatively impacted through numerous channels. ECLAC forecasted a contraction of -1.8% in regional GDP, which could lead to unemployment in SAM, increasing by 10% points. The pandemic and the economic slowdown triggered in Argentina in a moment in which the country is in recession since 2018 and in a debt crisis. On 19 March 2020, the Argentina declared a nation-wide quarantine. The declining economies of SAM countries due to impact of corona virus is expected to hamper the network security firewall market growth in this region in near future.
The market for network security firewall market is segmented into component, deployment and country. Based on component, the market is segmented into solution and services. In 2018, the solution segment held the largest share in SAM network security firewall market. Solution is further segmented into SMS firewall and Signaling. SMS firewall is further segmented into A2PSMS and P2PSMS.Signaling is also segmented into SS7 and diameter. In 2018, SMS firewall held the largest share in SAM network security firewall market. Based on deployment, the market is segmented into cloud and on premise. In 2018, cloud segment held the largest share in the SAM network security firewall market. Also, cloud segment is expected to grow in the forecasted period.
AMD Telecom S.A.; ANAM Technologies; Cisco Systems, Inc; Mobileum Inc.; SAP SE; Symsoft AB (Sinch) are among the leading companies in the SAM network security firewall market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2016, AMD announced completion of host of strategic agreements with which the company would gain a direct coverage of mobile operates protecting the delivery of average 326 Mn SMS per day.
The report segments the SAM Network Security Firewall Market as follows:
SAM Network Security Firewall Market – By Country