South America Network Security Firewall Market Size, Share, and Analysis by 2027
Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027South 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)
- Report Date : Sep 2020
- Report Code : TIPRE00014001
- Category : Technology, Media and Telecommunications
- Status : Published
- Available Report Formats :
- No. of Pages : 79
The network security firewall market in SAM is expected to grow from US$ 118.9 million in 2018 to US$ 364.1 million by 2027; it is estimated to grow at a CAGR of 13.4 % from 2019 to 2027.
The Brazil and Argentina are main economies in SAM.Network hazard due to implementation of IOT (Internet of Things) is gaining popularity as a growth driver The increasing implementation of IoT in industries is resulting in network security threats such as the IoT Botnets. The botnets enable hackers to get access into devices that plug into IoT. For instance, in 2016, the leaked Mirai code had created a highly effective horde of bots resulting in array of DDoS (Distributed denial of service) attacks. The development of such bots is creating immense pressure on the technology companies to implement network security measures in the system. Thus, the network hazard due to implementation of IOT is expected to create a significant demand for Network Security Firewall in the coming years, which is further anticipated to drive the market in SAM.
Furthermore, 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 South America, 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 imbalance in the demand and supply side and the lockdown phase in several SAM countries will have the significant negative impact on the network security firewall market in the first half of year 2020. The lockdown phase has drastically affected the supply chain. Due to the shutdown of businesses and the fall in the demand of network security firewall in the first quarter of 2020, the market is significantly impacted. Moreover, due to the falling GDP, the market will have negative impact on the growth rate of SAM network security firewall market
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM network security firewall market. The SAM network security firewall market is expected to grow at a good CAGR during the forecast period.
SAM Network Security Firewall Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Network Security Firewall Market Segmentation
SAM Network Security Firewall Market – By Component
- Solution
- SMS
- A2PSMS
- P2ASMS
- Signalling
- SS7
- Diameter
- SMS
- Services
SAM Network Security Firewall Market – By Deployment
- On premise
- Cloud
SAM Network Security Firewall Market, by Country
- Argentina
- Brazil
- Rest of SAM
SAM Network Security Firewall Market-Companies Mentioned
- AMD Telecom S.A.
- ANAM Technologies
- Cisco Systems, Inc.
- Mobileum Inc.
- SAP SE
- Symsoft AB (Sinch)
South America Network Security Firewall Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 118.9 Million |
| Market Size by 2027 | US$ 364.1 Million |
| Global CAGR (2019 - 2027) | 13.4 % |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
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The List of Companies - SAM Network Security Firewall Market
- AMD Telecom S.A.
- ANAM Technologies
- Cisco Systems, Inc.
- Mobileum Inc.
- SAP SE
- Symsoft AB (Sinch)
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