The Latin America, Middle East and Africa Digital Risk Protection Market would witness market growth of 22.2% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Digital Risk Protection Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,769.7 million by 2030. The Argentina market is showcasing a CAGR of 22.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 21.8% during (2023 - 2030).
Digital risk protection solutions assist organizations in preventing data leakage and unauthorized disclosure of sensitive information by monitoring data flows, identifying potential data exfiltration attempts, and implementing data loss prevention (DLP) controls. By enforcing policies and controls to prevent unauthorized access, sharing, or leakage of sensitive data, organizations can reduce the risk of data breaches, regulatory non-compliance, and reputational damage resulting from data loss incidents.
In addition, digital risk protection solutions help organizations detect and prevent online fraud, including payment fraud, account takeover fraud, identity theft, and fraudulent transactions. By analyzing transaction data, user behavior, and contextual information, digital risk protection solutions can identify anomalous or suspicious activities indicative of fraudulent behavior and take proactive measures to prevent fraud attempts or mitigate their impact on the organization.
The International Trade Administration projects that the UAE’s cybersecurity industry will reach a valuation of $4.51 billion by 2025. According to projections, the cybersecurity industry in the UAE will expand by 11.1% annually from 2020 to 2026. The increase can be ascribed to global cyber threats, increased vulnerability to cyber-attacks, corporate policies, and enhanced regulation of cyber risk and data management. Thus, due to these aspects, the digital risk protection market will expand across the LAMEA region in the upcoming years.
Free Valuable Insights: The Worldwide Digital Risk Protection Market is Projected to reach USD 224.2 Billion by 2030, at a CAGR of 19.5%
Based on Offering, the market is segmented into Solution (Incident Response, Phishing Detection, Automate Threat Mitigation, Supply Chain Security, App Protection, Brand Protection, and Others), and Services. Based on Organization Size, the market is segmented into Large Enterprises, and SMES. Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Government, Healthcare, Retail & eCommerce, Media & Entertainment, and Others. Based on Security Type, the market is segmented into Cloud Security, Network Security, Endpoint Security, and Application Security. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Offering
By Organization Size
By Deployment Mode
By Vertical
By Security Type
By Country
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