South America Data Diode Security Products Market is expected to reach US$ 27.55 million by 2027

Government Segment Dominate SAM Data Diode Security Products Market during 2019–2027

According to The Insight Partners market research study on “SAM Data Diode Security Products Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 27.55 million by 2027 from US$ 22.56 million in 2019. The market is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The report provides trends prevailing in the SAM data diode security products market along with the drivers and restraints pertaining to the market growth. Need of security for important assets is the major factor driving the growth of the SAM data diode security products market. However, constraints linked with lack of functional reliability upon TCP/IP protocol hinders the growth of SAM data diode security products market.

The SAM market for data diode security products is segmented into type, application, and country. Based on type, the SAM market is segmented into non-ruggedized data diode and ruggedized data diode. In 2019, the non-ruggedized data diode segment held the largest share of SAM data diode security products market. Based on application, the SAM data diode security products market is divided into government, oil and gas, BFSI, and others. Government segment is expected to be the fastest growing segment over the forecast period.

Also the ongoing COVID-19 pandemic is adversely affecting the countries across SAM. In SAM, Brazil has the highest number of the COVID-19 cases, followed by Colombia, Peru, Argentina, and Chile. The governments of various countries in SAM are taking several initiatives to protect people and contain the spread of the virus by imposing lockdowns, trade bans, and travel restrictions. These measures are adversely affecting the region’s economic growth as it is earning lower export revenues from the drop in commodity prices and reduction in export volumes, especially to major trading partners. In addition, the online and retail distribution channels are negatively affected due to disruptions in supply chain and shortage of raw materials. The sharp decline in the business activities and sales of electronics components due to lockdown measures is restraining the growth of data diode security products market in SAM.

BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., Rohde & Schwarz GmbH & Co. are among the leading companies in the SAM data diode security products 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 2020, Fibersystem AB introduced first TEMPEST certified Data Diode Rack Module 100 Mbit /1 Gbit MM Secure includes several security barriers in riveted and sealed enclosures.

SAM Data Diode Security Products Market, By Country, 2019 and 2027 (%)

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South America Data Diode Security Products Market to Grow at a CAGR of 4.1% to reach US$ 27.55 Million from 2020 to 2027

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South America Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), and Application (Government, Oil & Gas, BFSI, and Others)

The report segments the SAM Data Diode Security Products Market follows:

SAM Data Diode Security Products Market – By Type

• Non-Ruggedized Data Diode
• Ruggedized Data Diode

SAM Data Diode Security Products Market – By Application

• Government
• Oil & Gas
•  BFSI
• Others

SAM Data Diode Security Products Market – By Country

• Brazil
• Argentina
• Rest of SAM