The Latin America, Middle East and Africa Email Security Market would witness market growth of 12.7% CAGR during the forecast period (2023-2030).
The market is impacted by factors such as rising demand brought on by organizations' IT departments having less work to do, a requirement for manual management of email security configurations, and solutions' ability to work together with email security to block threats on both cloud-based and on-premises platforms. Additionally, the solution's rising popularity is due to its benefits, which include increased productivity for cybersecurity workers and experts, a reduction in alert fatigue due to blocking online threats, and management of response for threats depending on their criticality. These factors all favourably affect the market.
Additionally, cloud security software is the crucial technology the cloud service provider and user use to safeguard the entire cloud infrastructure. The BFSI and healthcare sectors are among the other profit-generating verticals that are more lucrative targets for hackers. In the approaching years, the market will rise due to several causes, including the requirement to reduce onsite data footprints and costs and rising incidences of viruses, spam, unauthorized email access to data, and flexible deployment options.
While international IT security corporations are increasing their footprint in the nation, several local competitors have been establishing cybersecurity skills to capitalize on the growing demand. The market is anticipated to keep growing because top technology experts have stated that cybersecurity is still the top priority for UAE firms. Numerous UAE development initiatives also drive the demand for cybersecurity. This has offered growth prospects for the regional market. This has motivated companies to install email security solutions to protect their data against losses and thefts. All these aspects will result in the regional market’s expansion.
The Brazil market dominated the LAMEA Email Security Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $148.5 million by 2030. The Argentina market is showcasing a CAGR of 13.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.3% during (2023 - 2030).
Based on Application, the market is segmented into IT & Telecom, Government, Healthcare, Media & Entertainment, BFSI, and Others. Based on Deployment Type, the market is segmented into Cloud, On-premise, and Hybrid. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Email Security Market is Projected to reach USD 7.7 Billion by 2030, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Broadcom, Inc., Open Text Corporation, Fortinet, Inc., Barracuda Networks, Inc., Trend Micro Inc., BAE Systems PLC, Proofpoint, Inc. (Thoma Bravo), Intermedia.net, Inc. and DataFlowX.
By Application
By Deployment Type
By Country
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