Market by Deployment Mode, Type, Testing Tools, End-user, and Country | Forecast 2021-2028
Triton’s report estimated that the security testing market in Latin America would register growth at a CAGR of 24.97% over the evaluated years of 2021-2028.
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The countries studied in this market include:
•       Brazil
•       Mexico
•       Rest of Latin America
In Latin America, technological advancements have resulted in the rapid adoption of the internet. However, such hyper-connectivity has resulted in individuals, governments, and companies being vulnerable to cyber threats. Among the region’s countries, Brazil, Mexico, and Argentina are highly exposed to cybercrimes, which increases the need for protective systems to tackle such threats.
For instance, in 2020, these countries were among the top five countries with a high percentage of mobile devices and computers affected by malware. Therefore, the growing cyber attacks increase the need for security testing solutions, thereby fueling the security testing market’s progress.
In Brazil, a significant amount of the population having internet access has been targeted by cybercriminals. Such threats have opened several avenues for the service providers to advance their security testing tools, improving the cyber security infrastructure in the country. This significantly contributes to the evolution of the security testing market.
Earlier, Mexico launched a cyber security strategy in collaboration with the Inter-America Committee Against Terrorism. This strategy highlights the need for surged collaboration among enterprises serving individuals, companies, and public institutions to prevent cybercrimes. Additionally, the country faced a cyber attack on its financial systems, which resulted in a heavy loss for the banks. Here, to tackle such incidents, the Central Bank announced a cyber security unit’s formation, which is anticipated to generate high demand for security testing solutions. Hence, as stated above, these factors are likely to widen the scope and progress of the security testing market across Mexico.
IBM Corporation operates under multiple business segments, including cognitive solutions, global business services, technology services & cloud platforms, and others. Among its products, Watson IoT offers protection and security to an IoT environment. Besides, it collects insights from the data and drives the revenue streams. Further, the company has a well-developed R&D segment, with operations spread across various regions, including Latin America.Â
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1. LATIN AMERICA SECURITY TESTING MARKET - SUMMARYÂ Â
2. INDUSTRY OUTLOOKÂ Â
2.1. KEY INSIGHTSÂ Â Â Â Â Â
2.1.1. STRINGENT SECURITY REGULATIONS AGAINST CYBER BREACHES
2.1.2. SURGE IN ADOPTION OF BYOD IN WORKPLACES
2.1.3. USAGE OF ARTIFICIAL INTELLIGENCE IN SECURITY APPLICATIONSÂ Â
2.2. PORTER’S FIVE FORCES ANALYSIS
2.2.1. THREAT OF NEW ENTRANTSÂ Â Â Â
2.2.2. THREAT OF SUBSTITUTE
2.2.3. BARGAINING POWER OF SUPPLIERS
2.2.4. BARGAINING POWER OF BUYERSÂ Â Â Â Â Â
2.2.5. THREAT OF COMPETITIVE RIVALRYÂ Â
2.3. MARKET ATTRACTIVENESS INDEXÂ Â
2.4. VENDOR SCORECARDÂ
2.5. KEY MARKET STRATEGIESÂ Â Â Â Â
2.5.1.  MERGERS & ACQUISITIONS     Â
2.5.2.  PRODUCT LAUNCH & DEVELOPMENTS       Â
2.5.3.  PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATIONÂ
2.6. MARKET DRIVERSÂ Â Â Â Â Â Â Â Â
2.6.1. SURGE IN SECURITY THREATS
2.6.2. GOVERNMENT REGULATIONS DRIVING SECURITY NEEDSÂ Â Â Â Â Â Â
2.6.3. GROWING NETWORK ATTACKSÂ Â Â Â Â Â Â Â Â Â Â
2.7. MARKET RESTRAINTSÂ Â
2.7.1. LACK OF TESTING KNOWLEDGEÂ Â Â Â Â Â Â Â Â
2.7.2. LACK OF SKILLED CYBER SECURITY PERSONNEL
2.8. MARKET OPPORTUNITIESÂ Â Â Â Â Â Â
2.8.1. INCREASE IN ADOPTION OF CLOUD-BASED SERVICESÂ Â
2.8.2. CHANGING BUSINESS ENVIRONMENTSÂ Â Â Â Â Â Â
2.8.3. SURGE IN IOT CONNECTIONSÂ Â
3. LATIN AMERICA SECURITY TESTING MARKET OUTLOOK - BY DEPLOYMENT MODEÂ Â Â
3.1. ON-PREMISEÂ Â Â Â Â Â Â Â
3.2. CLOUDÂ Â Â Â Â Â Â
4. LATIN AMERICA SECURITY TESTING MARKET OUTLOOK - BY TYPEÂ Â Â Â Â Â Â Â Â
4.1. NETWORK SECURITY TESTINGÂ Â Â Â Â Â Â Â Â
4.1.1. FIREWALL TESTINGÂ Â Â Â Â Â Â Â Â Â
4.1.2. VPN TESTINGÂ Â Â Â Â Â Â Â Â Â
4.1.3. OTHER SERVICE TYPESÂ
4.2. APPLICATION SECURITY TESTINGÂ Â Â
4.2.1. MOBILE APPLICATION SECURITY TESTINGÂ Â
4.2.2. WEB APPLICATION SECURITY TESTINGÂ Â Â Â Â Â Â Â
4.2.3. CLOUD APPLICATION SECURITY TESTINGÂ Â Â
4.2.4. ENTERPRISE APPLICATION SECURITY TESTINGÂ Â Â
4.3. TESTING TYPEÂ Â Â Â
4.3.1. STATIC APPLICATION SECURITY TESTINGÂ Â Â
4.3.2. DYNAMIC APPLICATION SECURITY TESTINGÂ Â Â Â Â Â Â Â Â Â
4.3.3. INTERACTIVE APPLICATION SECURITY TESTINGÂ Â
4.3.4. RUNTIME APPLICATION SELF PROTECTION
5. LATIN AMERICA SECURITY TESTING MARKET OUTLOOK - BY TESTING TOOLS
5.1. WEB APPLICATION TESTING TOOLÂ Â Â
5.2. CODE REVIEW TOOLÂ Â Â Â Â
5.3. PENETRATION TESTING TOOLÂ Â Â Â Â Â Â Â Â Â Â
5.4. SOFTWARE TESTING TOOLÂ Â Â Â Â
5.5. OTHER TESTING TOOLSÂ Â Â Â Â Â Â Â Â Â Â
6. LATIN AMERICA SECURITY TESTING MARKET OUTLOOK - BY END-USERÂ Â Â Â Â Â Â Â Â Â
6.1. GOVERNMENTÂ Â Â Â Â
6.2. BFSI
6.3. HEALTHCAREÂ Â Â Â Â Â
6.4. MANUFACTURINGÂ Â Â Â Â Â Â Â Â Â
6.5. IT & TELECOMÂ Â Â Â Â Â
6.6. RETAILÂ Â Â Â Â Â Â
6.7. OTHER END-USER INDUSTRIESÂ Â Â Â Â Â Â Â
7. LATIN AMERICA SECURITY TESTING MARKET – REGIONAL OUTLOOK                Â
7.1. BRAZILÂ Â Â Â Â Â Â
7.2. MEXICOÂ Â Â Â Â Â
7.3. REST OF LATIN AMERICAÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
8. COMPETITIVE LANDSCAPEÂ
8.1. CORE SECURITY TECHNOLOGIES INCÂ Â Â Â Â Â Â
8.2. IVIZ SECURITY INCÂ Â Â Â Â Â Â Â Â
8.3. OFFENSIVE SECURITY LLCÂ Â Â Â Â
8.4. APPLAUSE APP QUALITY INCÂ
8.5. ACCENTURE PLC
8.6. CISCO SYSTEMS INCÂ Â Â Â
8.7. HEWLETT-PACKARD COMPANYÂ Â Â Â Â Â Â Â
8.8. IBM CORPORATIONÂ Â Â Â Â Â Â
8.9. MCAFEE LLCÂ Â Â Â Â Â Â Â
8.10. VERACODE INC
8.11. CONTROLCASE LLCÂ Â Â Â
8.12. PALADION NETWORKS PVT LTDÂ Â Â Â Â
8.13. MAVERIC SYSTEMS LTDÂ Â Â Â Â Â Â Â
8.14. CHECKMARX LTDÂ Â Â Â Â Â Â Â Â
8.15. RAPID7Â Â Â Â
9. METHODOLOGY & SCOPEÂ Â Â Â
9.1. RESEARCH SCOPE & DELIVERABLESÂ Â Â Â Â Â Â Â
9.2. SOURCES OF DATAÂ Â Â Â Â Â Â
9.3. RESEARCH METHODOLOGYÂ Â
TABLE 1: LATIN AMERICA SECURITY TESTING MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS INDEX
TABLE 3: VENDOR SCORECARD
TABLE 4: LATIN AMERICA SECURITY TESTING MARKET, BY DEPLOYMENT MODE, 2021-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA SECURITY TESTING MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA SECURITY TESTING MARKET, BY NETWORK SECURITY TESTING, 2021-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA SECURITY TESTING MARKET, BY APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA SECURITY TESTING MARKET, BY TESTING TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA SECURITY TESTING MARKET, BY TESTING TOOLS, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA SECURITY TESTING MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA SECURITY TESTING MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: LATIN AMERICA SECURITY TESTING MARKET, BY ON-PREMISE, 2021-2028 (IN $ MILLION)
FIGURE 3: LATIN AMERICA SECURITY TESTING MARKET, BY CLOUD, 2021-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA SECURITY TESTING MARKET, BY NETWORK SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA SECURITY TESTING MARKET, BY FIREWALL TESTING, 2021-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA SECURITY TESTING MARKET, BY VPN TESTING, 2021-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA SECURITY TESTING MARKET, BY OTHER SERVICE TYPES, 2021-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA SECURITY TESTING MARKET, BY APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA SECURITY TESTING MARKET, BY MOBILE APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA SECURITY TESTING MARKET, BY WEB APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA SECURITY TESTING MARKET, BY CLOUD APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA SECURITY TESTING MARKET, BY ENTERPRISE APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA SECURITY TESTING MARKET, BY TESTING TYPE, 2021-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA SECURITY TESTING MARKET, BY STATIC APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA SECURITY TESTING MARKET, BY DYNAMIC APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA SECURITY TESTING MARKET, BY INTERACTIVE APPLICATION SECURITY TESTING, 2021-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA SECURITY TESTING MARKET, BY RUNTIME APPLICATION SELF PROTECTION, 2021-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA SECURITY TESTING MARKET, BY WEB APPLICATION TESTING TOOL, 2021-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA SECURITY TESTING MARKET, BY CODE REVIEW TOOL, 2021-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA SECURITY TESTING MARKET, BY PENETRATION TESTING TOOL, 2021-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA SECURITY TESTING MARKET, BY SOFTWARE TESTING TOOL, 2021-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA SECURITY TESTING MARKET, BY OTHER TESTING TOOLS, 2021-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA SECURITY TESTING MARKET, BY GOVERNMENT, 2021-2028 (IN $ MILLION)
FIGURE 24: LATIN AMERICA SECURITY TESTING MARKET, BY BFSI, 2021-2028 (IN $ MILLION)
FIGURE 25: LATIN AMERICA SECURITY TESTING MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)
FIGURE 26: LATIN AMERICA SECURITY TESTING MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)
FIGURE 27: LATIN AMERICA SECURITY TESTING MARKET, BY IT & TELECOM, 2021-2028 (IN $ MILLION)
FIGURE 28: LATIN AMERICA SECURITY TESTING MARKET, BY RETAIL, 2021-2028 (IN $ MILLION)
FIGURE 29: LATIN AMERICA SECURITY TESTING MARKET, BY OTHER END-USER INDUSTRIES, 2021-2028 (IN $ MILLION)
FIGURE 30: LATIN AMERICA SECURITY TESTING MARKET, REGIONAL OUTLOOK, 2020 AND 2028 (IN %)
FIGURE 31: CYBER ATTACKS (%), BY COUNTRY, LATIN AMERICA
FIGURE 32: BRAZIL SECURITY TESTING MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: MEXICO SECURITY TESTING MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: REST OF LATIN AMERICA SECURITY TESTING MARKET 2021-2028 (IN $ MILLION)