The Latin America, Middle East and Africa Cloud DLP Market would witness market growth of 35.2% CAGR during the forecast period (2022-2028).
Numerous organizations choose to be proactive in safeguarding their data in the cloud by trying to execute a cloud DLP solution to protect one‘s sensitive and private information, instead of placing their trust in cloud services providers, wherein DLP and other security measures are sufficient to satisfy company security needs and compliance standards.
In order to maintain productivity, organizations and their employees must be able to conduct business in the cloud. But, adopting the cloud might expose data to loss or unwanted access. This danger has necessitated the development of cloud-based DLP solutions, as organizations want assurance that their sensitive data is safeguarded while taking advantage of the scalability & efficiency of the cloud. It is crucial to select a cloud DLP solution that provides excellent data discovery & visibility in the cloud as well as the necessary protective measures for securing cloud data.
Content-aware DLP technology has become the norm. It continuously searches data for recognized alphanumeric sequences and key phrases indicating sensitive information. For instance, content-aware DLP should be capable of recognizing a 9-digit string as a social security or identification number, as well as whether or not the string is authentic and hence requires protection.
The United Arab Emirates is susceptible to cyberattacks owing to its geopolitical location and economic importance in the energy, oil & gas, and aviation sectors, which is driving the rapid expansion of the data protection business. Emiratis report the largest incidence of malware among GCC customers. The UAE Information Assurance Standards are a collection of guidelines for government institutions in critical sectors that were developed by the government in order to protect the UAE's critical data information infrastructure and improve national cybersecurity.
The Brazil market dominated the LAMEA Cloud DLP Market by Country in 2021; thereby, achieving a market value of $243.1 million by 2028. The Argentina market is exhibiting a CAGR of 35.9% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 34.8% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Consumer Goods, Manufacturing, Government & Public Sector, Energy & Utilities, Healthcare & Life Sciences, 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 DLP Market is Predict to reach $11 Billion by 2028, at a CAGR of 27.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Forcepoint LLC, HelpSystems, LLC, McAfee Corp., Zscaler, Inc., Lookout, Inc., Netskope, Inc., and Zecurion.
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