The Latin America, Middle East and Africa Cloud Compliance Market would witness market growth of 20.1% CAGR during the forecast period (2022-2028).
The demands include things like maintaining "reasonable security" for workloads, encrypting critical data, and proving that the user company conducts routine audits to find and fix potential security concerns. Since public cloud providers work with a shared responsibility structure, compliance and governance are a little more difficult in the cloud than they are on-premise.
According to this model, some security-related tasks, like protecting the physical servers that house VM instances and storage buckets, are under the purview of cloud service providers. Additionally, they typically conduct routine system audits as needed by a number of business and government compliance standards.
Depending on the compliance frameworks in use and the kinds of workloads the business uses, cloud compliance and governance can differ greatly from one organization to another and from one cloud to another. All cloud compliance methods, though, ought to be focused on automatically and regularly analyzing configuration files and logs for violations of any compliance standards that a company is expected to follow.
Governments in countries such as Brazil and Israel have increased their investments in cutting-edge technologies like big data, cloud computing, artificial intelligence (AI), 5G, machine learning (ML), and others, which is assumed to be the reason for the increase. As one of the most developed and diverse economies in the Middle East, the UAE has a strong healthcare infrastructure.
The Brazil market dominated the LAMEA Cloud Compliance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,557.6 million by 2028. The Argentina market is experiencing a CAGR of 20.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.8% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into Audit & Compliance Management, Threat Detection & Remediation, Activity Monitoring & Analytics, Visibility & Risk Assessment, and Others. Based on Cloud Model, the market is segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). Based on Component, the market is segmented into Software and Services (Professional Services and Managed Services). Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & Ecommerce, Government, Healthcare & Life Sciences, Utilities, Manufacturing, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Compliance Market is Predict to reach $64.3 Billion by 2028, at a CAGR of 14.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Oracle Corporation, Broadcom, Inc. (Symantec Corporation), Qualys, Inc., Check Point Software Technologies Ltd., AT&T Inc. (AT&T Intellectual Property), Palo Alto Networks, Inc., Sophos Group PLC (Thoma Bravo), and Nutanix, Inc.
By Organization Size
By Application
By Cloud Model
By Component
By Vertical
By Country
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