South & Central America Phishing Protection Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 142 | Report Code: BMIRE00031974 | Category: Technology, Media and Telecommunications
No. of Pages: 142 | Report Code: BMIRE00031974 | Category: Technology, Media and Telecommunications
The South & Central America phishing protection market was valued at US$ 92.83 million in 2023 and is expected to reach US$ 186.99 million by 2031; it is estimated to register a CAGR of 9.1% from 2023 to 2031.
Phishing attacks are becoming more intricate and require smarter real-time defense mechanisms. The integration of advanced technologies such as AI and ML helps better cybersecurity systems. AI and ML-powered phishing protection solutions can quickly analyze vast amounts of data to identify patterns. Advanced algorithms can distinguish between legitimate and malicious communications more effectively to minimize disruption in business operations. Further, there is a continuous demand for advanced phishing protection solutions such as AI-assisted threat-hunting tools and automated incident response systems that can be integrated seamlessly with existing security infrastructures and provide actionable intelligence to security teams. As organizations increasingly recognize the limitations of phishing protection based on traditional rules, the demand for these advanced solutions is expected to grow significantly during the forecast period, in turn, bolstering the growth of the phishing protection market during the forecast period.
The phishing protection market in South & Central America is expanding steadily with the increased use of digital technologies. Rising cybercrime rates and greater awareness of cybersecurity threats also contribute to market growth in this region. Brazil and Argentina dominate the market in South & Central America. Countries in this region are rapidly refining their cybersecurity infrastructures. Banking and financial services are becoming progressively digitized, which makes them a leading target for phishers. For example, Brazil's central bank saw a 60% rise in phishing attempts aimed at digital banking users in 2023. Further, the Government of Mexico initiated a national cybersecurity awareness program in 2024 to emphasize on protecting citizens and small enterprises from phishing.
As the region continues to digitalize, there is greater emphasis on implementing comprehensive, phishing protection strategies. They also implement programs to educate and raise user awareness about phishing cybersecurity. Further, the phishing protection market would benefit from the integration of AI and machine learning technologies, and collaborations among governments, financial institutions and cybersecurity organizations.
The South & Central America phishing protection market is categorized into offerings, deployment, type, enterprise size, vertical, and country.
Based on offerings, the South & Central America phishing protection market is bifurcated into solution and services. The solution segment held a larger market share in 2023.
In terms of deployment, the South & Central America phishing protection market is bifurcated into on-premises and cloud. The cloud segment held a larger market share in 2023.
By type, the South & Central America phishing protection market is bifurcated into email-based phishing and non-email-based phishing. The email-based phishing segment held a larger market share in 2023.
Based on enterprise size, the South & Central America phishing protection market is bifurcated into large enterprises and small and medium enterprises. The large enterprises segment held a larger market share in 2023.
In terms of vertical, the South & Central America phishing protection market is categorized into BFSI, media and entertainment, it and telecom, retail and e-commerce, government and public sector, and others. The BFSI segment held the largest market share in 2023.
By country, the South & Central America phishing protection market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America phishing protection market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 92.83 Million |
| Market Size by 2031 | US$ 186.99 Million |
| Global CAGR (2023 - 2031) | 9.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Offerings
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Microsoft Corp; Cisco Systems Inc; Open Text Corp; Barracuda Networks, Inc.; SlashNext, Inc.; Ironscales; Proofpoint Inc; Mimecast Services Limited; Paubox, Inc; and Trustwave Holdings, Inc. are Some of the leading companies operating in the South & Central America phishing protection market.
The South & Central America Phishing Protection Market is valued at US$ 92.83 Million in 2023, it is projected to reach US$ 186.99 Million by 2031.
As per our report South & Central America Phishing Protection Market, the market size is valued at US$ 92.83 Million in 2023, projecting it to reach US$ 186.99 Million by 2031. This translates to a CAGR of approximately 9.1% during the forecast period.
The South & Central America Phishing Protection Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Phishing Protection Market report:
The South & Central America Phishing Protection Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Phishing Protection Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Phishing Protection Market value chain can benefit from the information contained in a comprehensive market report.
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