South America Network Security Firewall Market Size, Share, and Analysis by 2027

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.

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)

SAM Network Security Firewall Market Segmentation

SAM Network Security Firewall Market – By Component

• Solution

• • SMS
    • A2PSMS
    • P2ASMS
  • Signalling
    • SS7
    • Diameter

• 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