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)
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The data diode security products market in SAM is expected to grow from US$ 22.56 million in 2019 to US$ 27.55 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027.
Brazil and Argentina are major economies in SAM. The critical infrastructure of any organization needs various security products in order to ensure physical protection. Numerous systems that drive critical infrastructure runs on outdated hardware or software systems. To prevent increasing threats, the infrastructures should shift from traditional security measures to advanced solutions. Critical infrastructures across several premises incorporate data diode security products, as it offers high protection for critical systems. Moreover, with data diodes security products, legacy systems can be protected without maintaining the whole operational system. Therefore, this significant advantage of this product is compelling the SAM market growth. At present, the business environment across all the technologically potential countries has become progressively digital, making an easy entry for cyber-attacks. Thus, the security and safety of physical assets, such as premises and hardware from physical threats, is essential. By overlooking, cyber threats can lead to severe damages to businesses and users. Several machines used in a variety of industries with different functions and extensive communication capabilities can be prone to misconfiguration and vulnerabilities; therefore, the significance of data diodes is surging among businesses to provide additional security measures. Thus, the need of security for important assets drives the demand for data diode security products, which would ultimately drive the data diode security products market in SAM.
Furthermore, the ongoing COVID-19 is having terrible effect on SAM region. In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Peru, Argentina, and Chile. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. The sharp decline in the sales of electronics components in the region due to lockdown measures is expected to directly impact the growth of data diode security products market in this region. In addition to this, the online as well as retail distribution channel will also face the negative impact due to supply chain disruptions and non-availability of raw materials. The sharp decline in business activities and product sales are expected to directly affect the growth rate of data diode security products market in this region for the next three to four quarters.
With the new features and technologies, vendors can attract new customers and expand their footprints in data diode security products market. This factor is likely to drive the SAM data diode security products market. The SAM data diode security products market is expected to grow at a prominent CAGR during the forecast period.
SAM Data Diode Products Market Get more information on this report : 
SAM Data Diode Products Market Segmentation
SAM Data Diode Products Market – By Type
- Non-Ruggedized Data Diode
- Ruggedized Data Diode
SAM Data Diode Products Market – By Application
- Government
- Oil & Gas
- BFSI
- Others
SAM Data Diode Products Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Data Diode Products Market - Companies Mentioned
- BAE Systems
- Belden Inc.
- Fibersystem AB
- Forcepoint
- Fox-IT Holding B.V.
- Rohde & Schwarz GmbH & Co.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the data diode security products market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution