The Latin America, Middle East and Africa Information Technology (IT) Security as a Service Market would witness market growth of 14.6% CAGR during the forecast period (2023-2030).
ITSECaaS provides web application firewalls (WAF) solutions that protect web applications from online threats, including cross-site scripting (XSS), SQL injection, and other application-layer attacks. IT security services perform code analysis and security testing to detect and mitigate software application vulnerabilities. This proactive approach helps organizations secure their applications against potential exploits. ITSECaaS includes automated incident response solutions that rapidly detect and respond to security incidents.
Automated processes help minimize the impact of a security breach and reduce response times. These platforms provide organizations with real-time insights into the threat landscape. IT security services leverage threat intelligence to enhance proactive security measures, ensuring organizations stay ahead of emerging cyber threats. IT security services simplify user authentication with SSO solutions. This allows users to log in once and access multiple applications, reducing the risk of password-related security incidents.
The UAE is at the forefront of smart city initiatives involving integrating technology into various aspects of daily life. As a financial hub, the UAE places significant emphasis on securing financial transactions, protecting customer data, and complying with global financial regulations. Financial institutions drive the demand for advanced IT security services in the UAE. The UAE is adopting advanced technologies such as blockchain and artificial intelligence (AI). Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Information Technology (IT) Security as a Service Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $750.5 million by 2030. The Argentina market is showcasing a CAGR of 15.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Information Technology (IT) Security as a Service Market is Projected to reach USD 37.4 Billion by 2030, at a CAGR of 12.5%
Based on End User, the market is segmented into BFSI, Education, Telecom, Healthcare, Energy & Utilities, and Others. Based on Offering, the market is segmented into Endpoint Protection, Email Encryption, Information Security, Event Monitoring, Data Loss Prevention, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Quick Heal Technologies Limited
- Trend Micro, Inc.
- Radware Ltd.
- Cisco Systems Inc.
- Broadcom, Inc.
- Cloudflare, Inc.
- Check Point Software Technologies Ltd.
- Hewlett Packard enterprise Company
- Barracuda Networks, Inc. (KKR & Co. Inc.)
- Fortinet, Inc.
LAMEA Information Technology (IT) Security as a Service Market Report Segmentation
By End User
- BFSI
- Education
- Telecom
- Healthcare
- Energy & Utilities
- Others
By Offering
- Endpoint Protection
- Email Encryption
- Information Security
- Event Monitoring
- Data Loss Prevention
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Information Technology (IT) Security as a Service Market, by End User
1.4.2 LAMEA Information Technology (IT) Security as a Service Market, by Offering
1.4.3 LAMEA Information Technology (IT) Security as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Mergers & Acquisition: 2019, Oct – 2023, Nov) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Information Technology (IT) Security as a Service Market by End User
5.1 LAMEA BFSI Market by Country
5.2 LAMEA Education Market by Country
5.3 LAMEA Telecom Market by Country
5.4 LAMEA Healthcare Market by Country
5.5 LAMEA Energy & Utilities Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Information Technology (IT) Security as a Service Market by Offering
6.1 LAMEA Endpoint Protection Market by Country
6.2 LAMEA Email Encryption Market by Country
6.3 LAMEA Information Security Market by Country
6.4 LAMEA Event Monitoring Market by Country
6.5 LAMEA Data Loss Prevention Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Information Technology (IT) Security as a Service Market by Country
7.1 Brazil Information Technology (IT) Security as a Service Market
7.1.1 Brazil Information Technology (IT) Security as a Service Market by End User
7.1.2 Brazil Information Technology (IT) Security as a Service Market by Offering
7.2 Argentina Information Technology (IT) Security as a Service Market
7.2.1 Argentina Information Technology (IT) Security as a Service Market by End User
7.2.2 Argentina Information Technology (IT) Security as a Service Market by Offering
7.3 UAE Information Technology (IT) Security as a Service Market
7.3.1 UAE Information Technology (IT) Security as a Service Market by End User
7.3.2 UAE Information Technology (IT) Security as a Service Market by Offering
7.4 Saudi Arabia Information Technology (IT) Security as a Service Market
7.4.1 Saudi Arabia Information Technology (IT) Security as a Service Market by End User
7.4.2 Saudi Arabia Information Technology (IT) Security as a Service Market by Offering
7.5 South Africa Information Technology (IT) Security as a Service Market
7.5.1 South Africa Information Technology (IT) Security as a Service Market by End User
7.5.2 South Africa Information Technology (IT) Security as a Service Market by Offering
7.6 Nigeria Information Technology (IT) Security as a Service Market
7.6.1 Nigeria Information Technology (IT) Security as a Service Market by End User
7.6.2 Nigeria Information Technology (IT) Security as a Service Market by Offering
7.7 Rest of LAMEA Information Technology (IT) Security as a Service Market
7.7.1 Rest of LAMEA Information Technology (IT) Security as a Service Market by End User
7.7.2 Rest of LAMEA Information Technology (IT) Security as a Service Market by Offering
Chapter 8. Company Profiles
8.1 Quick Heal Technologies Limited
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.5 SWOT Analysis
8.2 Trend Micro, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Radware Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Cisco Systems, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Broadcom, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Cloudflare, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Check Point Software Technologies Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Hewlett Packard Enterprise Company
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Barracuda Networks, Inc. (KKR & Co. Inc.)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 SWOT Analysis
8.10. Fortinet, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.6 SWOT Analysis
TABLE 1 LAMEA Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Information Technology (IT) Security as a Service Market
TABLE 4 Product Launches And Product Expansions– Information Technology (IT) Security as a Service Market
TABLE 5 Acquisition and Mergers– Information Technology (IT) Security as a Service Market
TABLE 6 LAMEA Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 7 LAMEA Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 8 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA BFSI Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Education Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Education Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Telecom Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Telecom Market by Country, 2023 - 2030, USD Million
TABLE 14 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 21 LAMEA Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 22 LAMEA Endpoint Protection Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Endpoint Protection Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Email Encryption Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Email Encryption Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Information Security Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Information Security Market by Country, 2023 - 2030, USD Million
TABLE 28 LAMEA Event Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Event Monitoring Market by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Data Loss Prevention Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Data Loss Prevention Market by Country, 2023 - 2030, USD Million
TABLE 32 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 34 LAMEA Information Technology (IT) Security as a Service Market by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA Information Technology (IT) Security as a Service Market by Country, 2023 - 2030, USD Million
TABLE 36 Brazil Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 37 Brazil Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 38 Brazil Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 39 Brazil Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 40 Brazil Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 41 Brazil Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 42 Argentina Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 43 Argentina Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 44 Argentina Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 45 Argentina Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 46 Argentina Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 47 Argentina Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 48 UAE Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 49 UAE Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 50 UAE Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 51 UAE Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 52 UAE Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 53 UAE Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 54 Saudi Arabia Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 55 Saudi Arabia Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 56 Saudi Arabia Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 57 Saudi Arabia Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 58 Saudi Arabia Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 59 Saudi Arabia Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 60 South Africa Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 61 South Africa Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 62 South Africa Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 63 South Africa Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 64 South Africa Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 65 South Africa Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 66 Nigeria Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 67 Nigeria Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 68 Nigeria Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 69 Nigeria Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 70 Nigeria Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 71 Nigeria Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 72 Rest of LAMEA Information Technology (IT) Security as a Service Market, 2019 - 2022, USD Million
TABLE 73 Rest of LAMEA Information Technology (IT) Security as a Service Market, 2023 - 2030, USD Million
TABLE 74 Rest of LAMEA Information Technology (IT) Security as a Service Market by End User, 2019 - 2022, USD Million
TABLE 75 Rest of LAMEA Information Technology (IT) Security as a Service Market by End User, 2023 - 2030, USD Million
TABLE 76 Rest of LAMEA Information Technology (IT) Security as a Service Market by Offering, 2019 - 2022, USD Million
TABLE 77 Rest of LAMEA Information Technology (IT) Security as a Service Market by Offering, 2023 - 2030, USD Million
TABLE 78 Key Information – Quick Heal Technologies Limited
TABLE 79 Key Information – Trend Micro, Inc.
TABLE 80 Key Information – Radware Ltd.
TABLE 81 Key Information – Cisco Systems, Inc.
TABLE 82 Key Information – Broadcom, Inc.
TABLE 83 Key Information – Cloudflare, Inc.
TABLE 84 Key Information – Check Point Software Technologies Ltd.
TABLE 85 Key Information – Hewlett Packard Enterprise Company
TABLE 86 Key Information – Barracuda Networks, Inc.
TABLE 87 Key Information – Fortinet, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Information Technology (IT) Security as a Service Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Information Technology (IT) Security as a Service Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Mergers & Acquisition : 2019, Oct – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis - Information Technology (IT) Security as a Service Market
FIG 8 LAMEA Information Technology (IT) Security as a Service Market share by End User, 2022
FIG 9 LAMEA Information Technology (IT) Security as a Service Market share by End User, 2030
FIG 10 LAMEA Information Technology (IT) Security as a Service Market by End User, 2019 - 2030, USD Million
FIG 11 LAMEA Information Technology (IT) Security as a Service Market share by Offering, 2022
FIG 12 LAMEA Information Technology (IT) Security as a Service Market share by Offering, 2030
FIG 13 LAMEA Information Technology (IT) Security as a Service Market by Offering, 2019 - 2030, USD Million
FIG 14 LAMEA Information Technology (IT) Security as a Service Market share by Country, 2022
FIG 15 LAMEA Information Technology (IT) Security as a Service Market share by Country, 2030
FIG 16 LAMEA Information Technology (IT) Security as a Service Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Quick Heal Technologies Limited
FIG 18 Recent strategies and developments: Trend Micro, Inc.
FIG 19 SWOT Analysis: Trend Micro Inc.
FIG 20 SWOT Analysis: Radware Ltd.
FIG 21 Recent strategies and developments: Cisco Systems, Inc.
FIG 22 SWOT Analysis: Cisco Systems, Inc.
FIG 23 Recent strategies and developments: Broadcom Inc.
FIG 24 SWOT Analysis: Broadcom, Inc.
FIG 25 SWOT Analysis: Cloudflare, Inc.
FIG 26 SWOT Analysis: CHECK POINT SOFTWARE TECHNOLOGIES LTD.
FIG 27 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 28 SWOT Analysis: Barracuda Networks, Inc.
FIG 29 SWOT Analysis: Fortinet, Inc.