South & Central America Unified Threat Management Market Forecast to 2030

South & Central America Unified Threat Management Market Forecast to 2030 – Regional Analysis – by Component (Solution and Services), Deployment (Cloud and On-Premise), Enterprise Size (Large Enterprises and SMEs), and End Users (BFSI, Manufacturing, Healthcare, Retail, Government, IT & Telecom, and Others)

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Description

The South & Central America unified threat management market was valued at US$ 223.76 million in 2022 and is expected to reach US$ 423.69 million by 2030; it is estimated to register at a CAGR of 8.3% from 2022 to 2030.

Rising Cases of Data Breach Fuel South & Central America Unified Threat Management Market

The rise in digitalization has encouraged several businesses across various industry verticals to digitalize their business in order to gain competitive advantage, enhance operational workflow, and reach more targeted audiences. However, the adoption of digital solutions makes critical data vulnerable and accessible to potential data breach incidents, leading to a rise in the number of data breach cases and incidents. A data breach is a security incident where an unauthorized party gains access to any business-sensitive and crucial information. Data breach incidents can impact business performance due to loss of critical information, financial losses, loss of trust of customers, and others. A few of the data breach incidents and related information are mentioned below:

In July 2023, IBM Security released the Cost of a Data Breach report for 2023. The report indicated that the global average data breach cost reached US$ 4.45 million in 2023, a 15% increase over the previous three years.

South & Central America Unified Threat Management Market Overview

The South America unified threat management market is segmented into Argentina, Brazil, and the Rest of SAM. The increasing number of cyberattacks in Brazil is fueling the adoption of unified threat management systems. According to the FortiGuard Labs report, Brazil suffered a loss of US$ 31.5 billion in attempted cyberattacks from January to June 2022, a 94% increase compared to 2021. Brazil is the second-most targeted country in South America. In total, the Latin America and Caribbean region suffered 137 billion attempted cyberattacks. Furthermore, according to FortiGuard Labs, the number of ransomware signatures has nearly doubled in six months. In the first half of 2022, a total of 10,666 ransomware signatures were found in Latin America, compared to only 5,400 seen in the second half of 2021. The increase in cyber-attacks is fueling the adoption of unified threat management solutions in South America.

Furthermore, according to FortiGuard Labs, the number of ransomware signatures has nearly doubled in six months in Latin America. In the first half of 2022, a total of 10,666 ransomware signatures were found with only 5,400 seen in the last half of 2021 in Latin America. Such an increase in cyber-attacks and ransomware attacks is increasing the adoption of unified threat management software technologies in South America.

South & Central America Unified Threat Management Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Unified Threat Management Market Segmentation

The South & Central America unified threat management market is segmented based on component, deployment, enterprise size, end users, and country.

Based on component, the South & Central America unified threat management market is bifurcated into solution and services. The solution segment held a larger share in 2022.

In terms of deployment, the South & Central America unified threat management market is bifurcated into cloud and on-premise. The cloud segment held a larger share in 2022.

By enterprise size, the South & Central America unified threat management market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger share in 2022.

In terms of end users, the South & Central America unified threat management market is segmented into BFSI, manufacturing, healthcare, retail, government, IT & Telecom, and others. The IT & Telecom segment held the largest share in 2022.

Based on country, the South & Central America unified threat management market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America unified threat management market in 2022.

Fortinet Inc, Sophos Ltd., Cisco Systems Inc, Juniper Networks Inc, Huawei Technologies Co Ltd, and Check Point Software Technologies Ltd are some of the leading companies operating in the South & Central America unified threat management market.

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At 8.3% CAGR, South & Central America Unified Threat Management Market is Speculated to be Worth US$ 423.69 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America unified threat management market was valued at US$ 223.76 million in 2022 and is expected to reach US$ 423.69 million by 2030, registering a CAGR of 8.3% from 2022 to 2030. Integration of artificial intelligence and machine learning and increasing deployment of cloud technology are among the critical factors attributed to the South & Central America unified threat management market expansion.

The emergence of artificial intelligence (AI) technology has changed the way businesses used to work. The benefits of AI technology have encouraged various businesses to invest in it as they want quick solutions that can save time and avoid threats. AI and machine learning (ML) are great solutions to enable automated security tasks and responses. A unified threat management solution integrated with AI technology automates the tasks to speed up the time to handle sensitive threats.

Several companies are burdened with security data generated from multiple apps. If such data is left unfiltered, it makes it difficult to isolate the real threats. In such a scenario, a unified threat management software integrated with artificial intelligence filters out this data automatically, exposing the real threats in a real-time environment.

Unified threat management providers are leveraging artificial intelligence and machine learning to offer intelligent and predictive threat management capabilities and real-time threat monitoring capabilities. For instance, WiJungle, a cybersecurity startup, offers a unified security solution aided by artificial intelligence for offices, remote workforce, and the cloud. Unified threat management integrated with technologies such as AI and ML provides several benefits, such as automated threat response, behavioral analysis, scalability, resource optimization, cost reduction, user-centric security, and real-time analysis.

Thus, AI and ML is the future of the technology and is expected to become a game changer across various industries. Increasing adoption and developments in AI and ML will improve the cybersecurity scenario across organizations and become key to threat management solutions in the future.

On the contrary, growing number of integrated solution hampers the growth of South & Central America unified threat management market.

Based on component, the South & Central America unified threat management market is bifurcated into solution and services. The solution segment held 81.4% share of the South & Central America unified threat management market in 2022, amassing US$ 182.06 million. It is projected to garner US$ 353.08 million by 2030 to expand at 8.6% CAGR during 2022-2030.

In terms of deployment, the South & Central America unified threat management market is bifurcated into cloud and on-premise. The cloud segment held 69.7% share of the South & Central America unified threat management market in 2022, amassing US$ 156.03 million. It is estimated to garner US$ 312.44 million by 2030 to expand at 9.1% CAGR during 2022-2030.

By enterprise size, the South & Central America unified threat management market is bifurcated into large enterprises and SMEs. The large enterprises segment held 66.6% share of South & Central America unified threat management market in 2022, amassing US$ 148.96 million. It is predicted to garner US$ 276.43 million by 2030 to expand at 8.0% CAGR during 2022-2030.

In terms of end users, the South & Central America unified threat management market is segmented into BFSI, manufacturing, healthcare, retail, government, IT & Telecom, and others. The IT & Telecom segment held 23.9% share of the South & Central America unified threat management market in 2022, amassing US$ 53.38 million. It is estimated to garner US$ 104.37 million by 2030 to expand at 8.7% CAGR during 2022-2030.

Based on country, the South & Central America unified threat management market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 68.5% share of South & Central America unified threat management market in 2022, amassing US$ 153.27 million. It is projected to garner US$ 298.30 million by 2030 to expand at 8.7% CAGR during 2022-2030.

Key players operating in the South & Central America unified threat management market are Fortinet Inc, Sophos Ltd., Cisco Systems Inc, Juniper Networks Inc, Huawei Technologies Co Ltd, and Check Point Software Technologies Ltd, among others.

2023: Fortinet, the global cybersecurity leader driving the convergence of networking and security, announced an independent analysis of the cost savings and business benefits of deploying FortiGate Next-Generation firewalls (NGFWs) and FortiGuard AI-Powered Security Services within the enterprise data center, including more than 300% return on investment (ROI) over three years and payback in six months. Fortinet is also deepening its commitment to data center security with two new NGFW appliances: the FortiGate 3200F, which includes 380 Gbps of firewall throughput and 400GE interfaces to support hyperscale data centers, and the FortiGate 900G, which delivers 20 Gbps of threat protection in a compact form factor for the enterprise.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America unified threat management market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America unified threat management market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Unified Threat Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. South & Central America Unified Threat Management Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Rising Cases of Data Breach
5.1.2 Growing Government Investments and Initiatives for SMEs
5.1.3 Expansion of Telecom Industry
5.2 Market Restraints
5.2.1 Growing Number of Integrated Solution
5.3 Market Opportunities
5.3.1 Digitalization in Healthcare
5.3.2 Increasing Deployment of Cloud Technology
5.4 Future Trend
5.4.1 Integration of Artificial Intelligence and Machine Learning
5.5 Impact of Drivers and Restraints:
6. Unified Threat Management Market – South & Central America Market Analysis
6.1 South & Central America Unified Threat Management Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Unified Threat Management Market Forecast and Analysis
7. South & Central America Unified Threat Management Market Analysis – Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
7.2.3 Consulting
7.2.3.1 Overview
7.2.4 Consulting Market Revenue and Forecasts to 2030 (US$ Million)
7.2.5 Support, Maintenance & Others
7.2.5.1 Overview
7.2.6 Support, Maintenance & Others Market Revenue and Forecasts to 2030 (US$ Million)
8. South & Central America Unified Threat Management Market Analysis – Deployment
8.1 Cloud
8.1.1 Overview
8.1.2 Cloud Market Revenue and Forecasts to 2030 (US$ Million)
8.2 On-premises
8.2.1 Overview
8.2.2 On-premises Market Revenue and Forecasts to 2030 (US$ Million)
9. South & Central America Unified Threat Management Market Analysis – Enterprise Size
9.1 Large Enterprises
9.1.1 Overview
9.1.2 Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
9.2 SMEs
9.2.1 Overview
9.2.2 SMEs Market Revenue and Forecasts to 2030 (US$ Million)
10. South & Central America Unified Threat Management Market Analysis – End Users
10.1 BFSI
10.1.1 Overview
10.1.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
10.2 Manufacturing
10.2.1 Overview
10.2.2 Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
10.3 Healthcare
10.3.1 Overview
10.3.2 Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
10.4 Retail
10.4.1 Overview
10.4.2 Retail Market Revenue and Forecasts to 2030 (US$ Million)
10.5 Government
10.5.1 Overview
10.5.2 Government Market Revenue and Forecasts to 2030 (US$ Million)
10.6 IT and Telecom
10.6.1 Overview
10.6.2 IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
11. South & Central America Unified Threat Management Market -Country Analysis
11.1 South & Central America
11.1.1 South & Central America Unified Threat Management Market, Breakdown, By Country – Revenue (2022) (US$ Million)
11.1.2 South & Central America Unified Threat Management Market Revenue and Forecasts and Analysis – By Countries
11.1.2.1 Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 Brazil Unified Threat Management Market Breakdown by Component
11.1.2.1.2 Brazil Unified Threat Management Market Breakdown by Deployment
11.1.2.1.3 Brazil Unified Threat Management Market Breakdown by Enterprise Size
11.1.2.1.4 Brazil Unified Threat Management Market Breakdown by End Users
11.1.2.2 Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 Argentina Unified Threat Management Market Breakdown by Component
11.1.2.2.2 Argentina Unified Threat Management Market Breakdown by Deployment
11.1.2.2.3 Argentina Unified Threat Management Market Breakdown by Enterprise Size
11.1.2.2.4 Argentina Unified Threat Management Market Breakdown by End Users
11.1.2.3 Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Rest of South & Central America Unified Threat Management Market Breakdown by Component
11.1.2.3.2 Rest of South & Central America Unified Threat Management Market Breakdown by Deployment
11.1.2.3.3 Rest of South & Central America Unified Threat Management Market Breakdown by Enterprise Size
11.1.2.3.4 Rest of South & Central America Unified Threat Management Market Breakdown by End Users
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Fortinet Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Sophos Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cisco Systems Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Juniper Networks Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Huawei Technologies Co Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Check Point Software Technologies Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
14. Appendix
14.1 Word Index

LIST OF TABLES

Table 1. South & Central America Unified Threat Management Market Segmentation
Table 2. South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Million) – Services
Table 5. South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Million) – Deployment
Table 6. South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Million) – Enterprise Size
Table 7. South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Million) – End Users
Table 8. South and Central America Unified Threat Management Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 9. Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 10. Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 11. Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 12. Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 13. Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 14. Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 15. Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 16. Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 17. Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 18. Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 19. Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 20. Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Solution
Table 21. Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 22. Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 23. Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 24. List of Abbreviation
 

LIST OF FIGURES

Figure 1. South & Central America Unified Threat Management Market Segmentation, By Country
Figure 2. Ecosystem: South & Central America unified threat management market
Figure 3. South & Central America Unified Threat Management Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Unified Threat Management Market Revenue (US$ Million), 2022 & 2030
Figure 6. South & Central America Unified Threat Management Market Share (%) – Component, 2022 and 2030
Figure 7. Solution Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Consulting Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Support, Maintenance & Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. South & Central America Unified Threat Management Market Share (%) – Deployment, 2022 and 2030
Figure 12. Cloud Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. On-premises Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. South & Central America Unified Threat Management Market Share (%) – Enterprise Size, 2022 and 2030
Figure 15. Large Enterprises Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. SMEs Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. South & Central America Unified Threat Management Market Share (%) – End Users, 2022 and 2030
Figure 18. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Healthcare Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Retail Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Government Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. IT and Telecom Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. South & Central America Unified Threat Management Market, by Key Country – Revenue (2022) (US$ Million)
Figure 26. Unified Threat Management Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 27. Brazil Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. Argentina Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. Rest of South & Central America Unified Threat Management Market Revenue and Forecasts to 2030 (US$ Mn)

The List of Companies – South & Central America Unified Threat Management Market

1. Fortinet Inc
2. Sophos Ltd.
3. Cisco Systems Inc
4. Juniper Networks Inc
5. Huawei Technologies Co Ltd
6. Check Point Software Technologies Ltd

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