The Latin America, Middle East and Africa Cloud Security Market would witness market growth of 17.8% CAGR during the forecast period (2021-2027).
Cloud security is a collection of solutions and policies used to safeguard cloud-based systems, infrastructure and networks. These security procedures are set up to secure data stored in a company's cloud while also complying with security regulations. Since 2019, about 16 billion records comprising important information like home addresses, credit card numbers, and other sensitive data have been exposed to susceptible risks, according to a report issued by the Selfkey Foundation, State of the Breach June 2020.
As a result, the demand for security solutions has exploded in recent years. Since businesses have migrated to remote operations as a result of COVID-19, there has been a considerable increase in data breaches and security threats. The market is likely to remain robust over the projection period, owing to factors such as the growth of smartphones and a large base of Internet users.
The MEA geography has a technology infrastructure that is underdeveloped and unable to supply local companies with reasonable bandwidth. Naturally, this has stifled the rise of bandwidth-intensive technologies like the cloud, and has fostered a company culture that is still heavily reliant on older infrastructure.
While cloud acceptance in the MEA area remains low, new initiatives such as Bahrain's "cloud-first policy," national strategic visions like UAE Vision 2021, New Kuwait Vision 2035 and Saudi Vision 2030, and the acceptance of emerging technologies are beginning to shift the cloud landscape.
The coronavirus outbreak has prompted renewed interest in cloud-based technologies, with remote working and the expansion of online services underscoring the importance of a strong digital infrastructure. In fact, through 2024, the Middle East data centre industry is expected to increase at a growth rate of roughly 7% CAGR, with end-user needs motivating data centre developers like Equinix to support this expansion.
The Brazil market dominated the LAMEA Cloud Security Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.7 billion by 2027. The Argentina market is estimated to grow at a CAGR of 18.5% during (2021 - 2027). Additionally, The UAE market would expect a CAGR of 17.5% during (2021 - 2027).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Healthcare, Retail & eCommerce, Government & Defense, Utilities, Manufacturing, and Others. Based on Application, the market is segmented into Email & Web Security, Cloud Identity & Access Management, Data Encryption & Prevention, Threat Intelligence, Monitoring & Protection, and Others. Based on Service Model, the market is segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). Based on Security Type, the market is segmented into Network Security, Endpoint Security, Perimeter Security, Application Security 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 Security Market is Predict to reach $86 Billion by 2027, at a CAGR of 13.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McAfee Corp., IBM Corporation, Microsoft Corporation, Google LLC, Amazon Web Services, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Sophos Group PLC (Thoma Bravo), and Trend Micro, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Organization Size
- Large Enterprises and
- Small & Medium Enterprises (SMEs)
By Vertical
- Telecom & IT
- BFSI
- Healthcare
- Retail & eCommerce
- Government & Defense
- Utilities
- Manufacturing, and
- Others
By Application
- Email & Web Security
- Cloud Identity & Access Management
- Data Encryption & Prevention
- Threat Intelligence
- Monitoring & Protection,
- Others
By Service Model
- Software-as-a-Service (SaaS)
- Infrastructure-as-a-Service (IaaS),
- Platform-as-a-Service (PaaS)
By Security Type
- Network Security
- Endpoint Security
- Perimeter Security
- Application Security
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- McAfee Corp.
- IBM Corporation
- Microsoft Corporation
- Google LLC
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Sophos Group PLC (Thoma Bravo)
- Trend Micro, Inc.
TABLE 1 LAMEA Cloud Security Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Cloud Security Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cloud Security Market
TABLE 4 Product Launches And Product Expansions– Cloud Security Market
TABLE 5 Acquisition and Mergers– Cloud Security Market
TABLE 6 Geographical expansions– Cloud Security Market
TABLE 7 LAMEA Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 8 LAMEA Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 9 LAMEA Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 14 LAMEA Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 15 LAMEA Telecom & IT Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Telecom & IT Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA BFSI Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA BFSI Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Retail & eCommerce Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Retail & eCommerce Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Government & Defense Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Government & Defense Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Utilities Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Utilities Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Manufacturing Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Manufacturing Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 32 LAMEA Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 33 LAMEA Email & Web Security Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA Email & Web Security Market by Country, 2021 - 2027, USD Million
TABLE 35 LAMEA Cloud Identity & Access Management Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Cloud Identity & Access Management Market by Country, 2021 - 2027, USD Million
TABLE 37 LAMEA Data Encryption & Prevention Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA Data Encryption & Prevention Market by Country, 2021 - 2027, USD Million
TABLE 39 LAMEA Threat Intelligence, Monitoring & Protection Market by Country, 2017 - 2020, USD Million
TABLE 40 LAMEA Threat Intelligence, Monitoring & Protection Market by Country, 2021 - 2027, USD Million
TABLE 41 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 42 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 43 LAMEA Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 44 LAMEA Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 45 LAMEA Software-as-a-Service (SaaS) Market by Country, 2017 - 2020, USD Million
TABLE 46 LAMEA Software-as-a-Service (SaaS) Market by Country, 2021 - 2027, USD Million
TABLE 47 LAMEA Infrastructure-as-a-Service (IaaS) Market by Country, 2017 - 2020, USD Million
TABLE 48 LAMEA Infrastructure-as-a-Service (IaaS) Market by Country, 2021 - 2027, USD Million
TABLE 49 LAMEA Platform-as-a-Service (PaaS) Market by Country, 2017 - 2020, USD Million
TABLE 50 LAMEA Platform-as-a-Service (PaaS) Market by Country, 2021 - 2027, USD Million
TABLE 51 LAMEA Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 52 LAMEA Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 53 LAMEA Network Security Market by Country, 2017 - 2020, USD Million
TABLE 54 LAMEA Network Security Market by Country, 2021 - 2027, USD Million
TABLE 55 LAMEA Endpoint Security Market by Country, 2017 - 2020, USD Million
TABLE 56 LAMEA Endpoint Security Market by Country, 2021 - 2027, USD Million
TABLE 57 LAMEA Perimeter Security Market by Country, 2017 - 2020, USD Million
TABLE 58 LAMEA Perimeter Security Market by Country, 2021 - 2027, USD Million
TABLE 59 LAMEA Application Security Market by Country, 2017 - 2020, USD Million
TABLE 60 LAMEA Application Security Market by Country, 2021 - 2027, USD Million
TABLE 61 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 62 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 63 LAMEA Cloud Security Market by Country, 2017 - 2020, USD Million
TABLE 64 LAMEA Cloud Security Market by Country, 2021 - 2027, USD Million
TABLE 65 Brazil Cloud Security Market, 2017 - 2020, USD Million
TABLE 66 Brazil Cloud Security Market, 2021 - 2027, USD Million
TABLE 67 Brazil Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 68 Brazil Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 69 Brazil Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 70 Brazil Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 71 Brazil Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 72 Brazil Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 73 Brazil Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 74 Brazil Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 75 Brazil Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 76 Brazil Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 77 Argentina Cloud Security Market, 2017 - 2020, USD Million
TABLE 78 Argentina Cloud Security Market, 2021 - 2027, USD Million
TABLE 79 Argentina Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 80 Argentina Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 81 Argentina Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 82 Argentina Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 83 Argentina Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 84 Argentina Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 85 Argentina Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 86 Argentina Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 87 Argentina Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 88 Argentina Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 89 UAE Cloud Security Market, 2017 - 2020, USD Million
TABLE 90 UAE Cloud Security Market, 2021 - 2027, USD Million
TABLE 91 UAE Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 92 UAE Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 93 UAE Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 94 UAE Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 95 UAE Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 96 UAE Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 97 UAE Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 98 UAE Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 99 UAE Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 100 UAE Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 101 Saudi Arabia Cloud Security Market, 2017 - 2020, USD Million
TABLE 102 Saudi Arabia Cloud Security Market, 2021 - 2027, USD Million
TABLE 103 Saudi Arabia Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 104 Saudi Arabia Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 105 Saudi Arabia Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 106 Saudi Arabia Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 107 Saudi Arabia Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 108 Saudi Arabia Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 109 Saudi Arabia Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 110 Saudi Arabia Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 111 Saudi Arabia Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 112 Saudi Arabia Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 113 South Africa Cloud Security Market, 2017 - 2020, USD Million
TABLE 114 South Africa Cloud Security Market, 2021 - 2027, USD Million
TABLE 115 South Africa Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 116 South Africa Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 117 South Africa Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 118 South Africa Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 119 South Africa Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 120 South Africa Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 121 South Africa Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 122 South Africa Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 123 South Africa Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 124 South Africa Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 125 Nigeria Cloud Security Market, 2017 - 2020, USD Million
TABLE 126 Nigeria Cloud Security Market, 2021 - 2027, USD Million
TABLE 127 Nigeria Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 128 Nigeria Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 129 Nigeria Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 130 Nigeria Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 131 Nigeria Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 132 Nigeria Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 133 Nigeria Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 134 Nigeria Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 135 Nigeria Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 136 Nigeria Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 137 Rest of LAMEA Cloud Security Market, 2017 - 2020, USD Million
TABLE 138 Rest of LAMEA Cloud Security Market, 2021 - 2027, USD Million
TABLE 139 Rest of LAMEA Cloud Security Market by Organization Size, 2017 - 2020, USD Million
TABLE 140 Rest of LAMEA Cloud Security Market by Organization Size, 2021 - 2027, USD Million
TABLE 141 Rest of LAMEA Cloud Security Market by Vertical, 2017 - 2020, USD Million
TABLE 142 Rest of LAMEA Cloud Security Market by Vertical, 2021 - 2027, USD Million
TABLE 143 Rest of LAMEA Cloud Security Market by Application, 2017 - 2020, USD Million
TABLE 144 Rest of LAMEA Cloud Security Market by Application, 2021 - 2027, USD Million
TABLE 145 Rest of LAMEA Cloud Security Market by Service Model, 2017 - 2020, USD Million
TABLE 146 Rest of LAMEA Cloud Security Market by Service Model, 2021 - 2027, USD Million
TABLE 147 Rest of LAMEA Cloud Security Market by Security Type, 2017 - 2020, USD Million
TABLE 148 Rest of LAMEA Cloud Security Market by Security Type, 2021 - 2027, USD Million
TABLE 149 Key Information – McAfee Corp.
TABLE 150 Key information – IBM Corporation
TABLE 151 key information – Microsoft Corporation
TABLE 152 Key Information – Google LLC
TABLE 153 Key Information – Amazon Web Services, Inc.
TABLE 154 Key Information – Cisco Systems, Inc.
TABLE 155 Key Information – Palo Alto Networks, Inc.
TABLE 156 Key Information – Check Point Software Technologies Ltd.
TABLE 157 Key Information – Sophos Group PLC
TABLE 158 Key Information – Trend Micro, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Nov – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: McAfee Corp.
FIG 6 Recent strategies and developments: IBM CORPORATION
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT Analysis: Microsoft Corporation
FIG 9 Recent strategies and developments: Google LLC
FIG 10 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 11 Recent strategies and developments: Amazon Web Services, Inc.
FIG 12 Recent strategies and developments: Cisco Systems, Inc.
FIG 13 SWOT Analysis: Cisco Systems, Inc.
FIG 14 Recent strategies and developments: Palo Alto Networks, Inc.
FIG 15 Recent strategies and developments: Check Point Software Technologies Ltd.
FIG 16 Recent strategies and developments: Sophos Group PLC
FIG 17 Recent strategies and developments: Trend Micro, Inc.