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LAMEA Endpoint Security Market size to reach over $300 mn by 2024

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According to the Graphical Research new growth forecast report titled “LAMEA Endpoint Security Market Analysis based on Application, Deployment Model, Component (Software, Service), Regional Outlook, Industry Forecast, 2017 – 2024”, estimated to exceed USD 300 million by 2024

The LAMEA endpoint security market is growing due to the rising online data thefts and other network vulnerabilities. For instance, at least 500 companies in Mexico were affected by the WannaCry ransomware attack in 2017 including companies in banking, telecommunications, and the retail sector. Such attacks have prompted government agencies and IT enterprises in the region to undertake measures for preventing such attacks and establish more robust policies for securing the networking infrastructure. For instance, in March 2017, C5 launched its cybersecurity lab in Bahrain to create awareness about the threats and encourage the development of solutions to address the cyber threat landscape in the country.

The BFSI sector is expected to hold an endpoint security market share of over 26% in 2024. The rise in digital transactions has increased the demand for security solutions to protect the confidential information used & generated during transactions. In June 2018, Liberty Holdings, an insurer, was hit by a cyber-attack, where an external third-party claimed to have seized the data and demanded payment. The need for regulations with data disclosure mandates and expenditure on security solutions by organizations will increase the demand for these solutions.

The Israel endpoint security market is projected to register an accelerated growth of over 8% between 2017 and 2024. The Israeli government is making efforts to promote the development of the country’s IT security by launching programs and enabling security companies to test their technologies. For instance, in August 2018, the Israeli government launched a three-year program to accelerate investments in cybersecurity companies. The government invested around USD 24 million to bolster its position in the cybersecurity market and make the country an attractive hub for security startups.

Some of the key vendors in the LAMEA endpoint security market include Webroot, Trend Micro, Cisco, ESET, McAfee, Kaspersky Lab, F-Secure, Microsoft, Symantec, VIPRE, IBM, Sophos, Ahnlab, Comodo, and Panda Security.

Segments we cover:

LAMEA Endpoint Security Market Statistics, By Component

  • Software
    • Firewall
    • Intrusion Prevention
    • Antivirus/Anti-Malware
    • Endpoint Application Control
    • Encryption Technologies
    • Mobile Device Security
  • Service
    • Training & Consulting
    • Maintenance & Updates
    • Managed Service

LAMEA Endpoint Security Market Size, By Deployment Model

  • On-premise
  • Cloud

LAMEA Endpoint Security Market Share, By Application

  • BFSI
  • Telecom & IT
  • Retail
  • Healthcare
  • Government & Public Sector
  • Education
  • Transportation

The above information has been provided for the following countries:

  • Brazil
  • GCC
  • Mexico
  • Israel
  • South Africa
  • Argentina