Managed Security Services Market in Latin America, Forecast to 2021
Managed Security Services Market in Latin America, Forecast to 2021
Overall Revenue to Reach Nearly $1 Billion by End of Forecast Period with Security Asset Management and Monitoring Most in Demand
23-Mar-2017
North America
Description
The Latin American managed security services (MSS) market generated $455.9 million in 2016 and is expected to reach $936.1 million by 2021, presenting a CAGR of 15.5%. The nature of managed security services is starting to transform. Extensively dominated by asset management and monitoring, many clients in Latin America are showing interest in services that require a higher level of security and risk management, especially through the emergence of advanced threats such as targeted attacks, advanced persistent threats (APT), and larger and more sophisticated distributed denial of services (DDoS).
This research examines the MSS market in five Latin American countries/regions—the Andean Region, Brazil, Caribbean and Central America (CCA), Mexico, and the Southern Cone—segmented across four security lines: security asset management and monitoring; threat intelligence, detection, and remediation; risk and compliance management; and advanced and emerging managed security services. The study period is from 2016 to 2021, with a base year of 2016.
Although the mindset about security is gradually changing in Latin America, many regional companies remain more reactive than proactive—they invest in security only after being attacked. Yet security threats in the Latin American market are becoming much more advanced. Hackers know that many companies are not prepared, so they find a green field in the region to use for financial crimes, industrial espionage, and data theft. In this changing landscape, customers now want solutions that solve problems, rather than just alert of a “potential” problem. Successful managed security service providers (MSSPs) will demonstrate trustworthiness in remediation without interrupting a customer’s business operations. The challenge and complexity security poses for companies only tends to increase, so successful providers are the ones that stay close to the customers and adapt to unique and changing needs, understanding the vertical they are working within and providing the best solutions to keep end users safe.
The study examines the current Latin American MSS market’s competitive environment and looks at the growth opportunities and emerging trends that will affect companies over the forecast period.
Key questions this study will answer:
• What is the current state of MSS in Latin America?
• What is the market`s growth rate? How will it change in the forecast period?
• What are the trends driving the adoption of MSS?
• What differences exist between the countries in the region? How will they evolve?
• How is market revenue segmented by vertical industry?
• What types of MSSP services are being adopted? How is demand structured?
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings
Market Engineering Measurements
CEO’s Perspective
Research Scope
Definitions
Definitions (continued)
Market Overview
Market Overview (continued)
Market Overview (continued)
Key Questions this Study will Answer
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Percent Revenue Forecast by Region
Percent Revenue Forecast Discussion by Region
Revenue Forecast by Country—Brazil
Revenue Forecast by Country—Mexico
Revenue Forecast by Country—Andean Region
Revenue Forecast by Country—Southern Cone
Revenue Forecast by Country—Caribbean and Central America (CCA)
Revenue Forecast Discussion—All Countries
Revenue Forecast by Country Discussion—All Countries (continued)
Percent Revenue Forecast by Service Type
Percent Revenue Forecast Discussion by Service Type
Percent Revenue Forecast Discussion by Service Type (continued)
Revenue Forecast by Service—Security Asset Management and Monitoring
Revenue Forecast by Service—Threat Intelligence, Research, Detection, and Remediation
Revenue Forecast by Service—Risk and Compliance Management
Revenue Forecast by Service—Advanced and Emerging Managed Security Services
Revenue Forecast Discussion by Service Type
Percent Revenue Forecast by Vertical Market
Percent Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast Discussion by Vertical Market (continued)
Market Share
Competitive Environment
Competitive Factors and Assessment
Growth Opportunity—Advanced Threats
Growth Opportunity—Digital Transformation
Growth Opportunity—IoT
Growth Opportunity—Geographic Expansion
Growth Opportunity—Vertical Specialization
Strategic Imperatives for Success and Growth
Emerging Trends
The Last Word—Recommendations
Legal Disclaimer
Market Engineering Methodology
Market Engineering Measurements
List of Companies Included in “Others”
Popular Topics
No Index | No |
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Podcast | No |
Author | Mauricio Chede |
Industries | Information Technology |
WIP Number | K167-01-00-00-00 |
Is Prebook | No |
GPS Codes | 213815594,246340174,296127441,297558897,297576216,9519,9658,9659,9705-C1,99E6-C1,9A5B-C1 |