LATIN AMERICA APPLICATION SECURITY MARKET 2022-2028

ICT | Security

LATIN AMERICA APPLICATION SECURITY MARKET 2022-2028

Market by Security Testing Type, Offering, Application, Organization Size, End-user, and Country | Forecast 2022-2028

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Triton’s report denotes that the application security market in Latin America is expected to advance at a CAGR of 14.13% during the anticipated period 2022-2028.


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The countries scrutinized in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

Latin America comprises Brazil, Mexico, Argentina, Colombia, and other nations. Lately, the region has witnessed several data breaches and cyberattacks, leading to the leak of confidential information. The region now observed high growth in cloud adoption due to the COVID-19 outbreak. Recently, IBM announced that technology solution providers in the region had selected IBM cloud to bring their solutions in operations. The company is deploying hybrid cloud solutions to drive innovations with multiple solutions. This growth in cloud services increases the adoption of security solutions, in turn driving the application security market.

Further, as per Forbes, the number of electronic transactions surged by almost 80% during the pandemic, resulting in accelerated use of e-commerce compared to previous years. Other than this, some Mexican organizations suffered a high level of cyberattacks compared to other nations. This has further highlighted the need for advanced application security solutions to safeguard critical information.

In Brazil, internet use has surged over the years, having the fifth largest online population. In this regard, social media platforms have also gained traction in the country, which has increased the adoption of security solutions. The country’s major web traffic is generated via mobile phones, increasing the use of mobile applications. This trend is anticipated to proliferate in the upcoming years, creating massive opportunities for the players in the application security market.

Veracode offers a cloud-based application security platform. Its platform enables the users to secure web, mobile, and third-party applications across the global infrastructure. The company also provides security testing services, such as SQL injection, buffer overflows, and potential back-doors. Besides, its solutions comprise secure development, compliance streamlining, and web application security. Veracode has operations across major regions, including Latin America. 

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Table of Content

1. LATIN AMERICA APPLICATION SECURITY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON APPLICATION SECURITY MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASED BOTS AS SERVICE PROVIDERS CREATE DEMAND FOR SOPHISTICATED SECURITY SOLUTIONS

2.2.2. AI INTEGRATION MAY CREATE A ROBUST SOLUTION OFFERING

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. KEY MARKET STRATEGIES

2.7.1. CONTRACTS & PARTNERSHIPS

2.7.2. BUSINESS EXPANSIONS & DIVESTITURES

2.7.3. NEW PRODUCT LAUNCHES

2.7.4. MERGERS & ACQUISITIONS

2.8. MARKET DRIVERS

2.8.1. RISE IN CYBER ATTACKS

2.8.2. GROWTH IN THIRD-PARTY APPLICATIONS

2.9. MARKET CHALLENGES

2.9.1. LACK OF EXPERTISE IN APPLICATION SECURITY

2.9.2. BUDGET CONSTRAINTS

2.10. MARKET OPPORTUNITIES

2.10.1. FAVORABLE GOVERNMENTAL REGULATIONS

2.10.2. RISE IN CLOUD-BASED APPLICATION

3. LATIN AMERICA APPLICATION SECURITY MARKET - BY SECURITY TESTING TYPE

3.1. STATIC APPLICATION SECURITY TESTING

3.2. DYNAMIC APPLICATION SECURITY TESTING

3.3. INTERACTIVE APPLICATION SECURITY TESTING

3.4. RUNTIME APPLICATION SELF PROTECTION

4. LATIN AMERICA APPLICATION SECURITY MARKET – BY OFFERING

4.1. SERVICE

4.1.1. MANAGED SERVICES

4.1.2. PROFESSIONAL SERVICES

4.2. SOLUTION

4.2.1. CLOUD

4.2.2. ON-PREMISE

5. LATIN AMERICA APPLICATION SECURITY MARKET - BY APPLICATION

5.1. WEB APPLICATION SECURITY

5.2. MOBILE APPLICATION SECURITY

6. LATIN AMERICA APPLICATION SECURITY MARKET - BY ORGANIZATION SIZE

6.1. SMALL AND MEDIUM ENTERPRISE

6.2. LARGE ENTERPRISE

7. LATIN AMERICA APPLICATION SECURITY MARKET - BY END-USER

7.1. HEALTHCARE

7.2. BFSI

7.3. EDUCATION

7.4. RETAIL

7.5. GOVERNMENT

7.6. OTHER END-USERS

8. LATIN AMERICA APPLICATION SECURITY MARKET – REGIONAL OUTLOOK

8.1. BRAZIL

8.2. MEXICO

8.3. REST OF LATIN AMERICA

9. COMPETITIVE LANDSCAPE

9.1. ACUNETIX

9.2. CHECKMARX

9.3. CONTRAST SECURITY

9.4. DATA THEOREM

9.5. HCL TECHNOLOGIES

9.6. HEWLETT PACKARD ENTERPRISE

9.7. IBM CORPORATION

9.8. MICRO FOCUS

9.9. NSFOCUS

9.10. PRADEO

9.11. QUALYS INC

9.12. RAPID7 INC

9.13. SITELOCK

9.14. SYNOPSYS

9.15. TRUSTWAVE

9.16. VERACODE

9.17. WHITEHAT SECURITY

10. RESEARCH METHODOLOGY & SCOPE

10.1. RESEARCH SCOPE & DELIVERABLES

10.2. SOURCES OF DATA

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA APPLICATION SECURITY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 4: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 5: LIST OF NEW PRODUCT LAUNCHES

TABLE 6: LIST OF MERGERS & ACQUISITIONS

TABLE 7: LATIN AMERICA APPLICATION SECURITY MARKET, BY SECURITY TESTING TYPE, 2022-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA APPLICATION SECURITY MARKET, BY OFFERING, 2022-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA APPLICATION SECURITY MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA APPLICATION SECURITY MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA APPLICATION SECURITY MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 12: LATIN AMERICA APPLICATION SECURITY MARKET, BY ORGANIZATION SIZE, 2022-2028 (IN $ MILLION)

TABLE 13: LATIN AMERICA APPLICATION SECURITY MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 14: LATIN AMERICA APPLICATION SECURITY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: LATIN AMERICA APPLICATION SECURITY MARKET, BY SECURITY TESTING TYPE, 2021 & 2028 (IN %)

FIGURE 4: LATIN AMERICA APPLICATION SECURITY MARKET, BY STATIC APPLICATION SECURITY TESTING, 2022-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA APPLICATION SECURITY MARKET, BY DYNAMIC APPLICATION SECURITY TESTING, 2022-2028 (IN $ MILLION)

FIGURE 6: LATIN AMERICA APPLICATION SECURITY MARKET, BY INTERACTIVE APPLICATION SECURITY TESTING, 2022-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA APPLICATION SECURITY MARKET, BY RUNTIME APPLICATION SELF PROTECTION, 2022-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA APPLICATION SECURITY MARKET, BY OFFERING, 2021 & 2028 (IN %)

FIGURE 9: LATIN AMERICA APPLICATION SECURITY MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA APPLICATION SECURITY MARKET, BY SERVICE, 2021 & 2028 (IN %)

FIGURE 11: LATIN AMERICA APPLICATION SECURITY MARKET, BY MANAGED SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA APPLICATION SECURITY MARKET, BY PROFESSIONAL SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA APPLICATION SECURITY MARKET, BY SOLUTION, 2022-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA APPLICATION SECURITY MARKET, BY SOLUTION, 2021 & 2028 (IN %)

FIGURE 15: LATIN AMERICA APPLICATION SECURITY MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA APPLICATION SECURITY MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA APPLICATION SECURITY MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 18: LATIN AMERICA APPLICATION SECURITY MARKET, BY WEB APPLICATION SECURITY, 2022-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA APPLICATION SECURITY MARKET, BY MOBILE APPLICATION SECURITY, 2022-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA APPLICATION SECURITY MARKET, BY ORGANIZATION SIZE, 2021 & 2028 (IN %)

FIGURE 21: LATIN AMERICA APPLICATION SECURITY MARKET, BY SMALL AND MEDIUM ENTERPRISE, 2022-2028 (IN $ MILLION)

FIGURE 22: LATIN AMERICA APPLICATION SECURITY MARKET, BY LARGE ENTERPRISE, 2022-2028 (IN $ MILLION)

FIGURE 23: LATIN AMERICA APPLICATION SECURITY MARKET, BY END-USER, 2021 & 2028 (IN %)

FIGURE 24: LATIN AMERICA APPLICATION SECURITY MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 25: LATIN AMERICA APPLICATION SECURITY MARKET, BY BFSI, 2022-2028 (IN $ MILLION)

FIGURE 26: LATIN AMERICA APPLICATION SECURITY MARKET, BY EDUCATION, 2022-2028 (IN $ MILLION)

FIGURE 27: LATIN AMERICA APPLICATION SECURITY MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)

FIGURE 28: LATIN AMERICA APPLICATION SECURITY MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)

FIGURE 29: LATIN AMERICA APPLICATION SECURITY MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

FIGURE 30: LATIN AMERICA APPLICATION SECURITY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 31: BRAZIL APPLICATION SECURITY MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: MEXICO APPLICATION SECURITY MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: REST OF LATIN AMERICA APPLICATION SECURITY MARKET 2022-2028 (IN $ MILLION)

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