Table of Contents
Trends and threats will drive the Latin American market
As new trends and technologies are being implemented and utilized by Latin American companies, new and complex vulnerabilities are becoming a reality. As such, MSS services are becoming increasingly important. Although budget for security is still a problem, as most companies are not able to gauge the return on investment (ROI) that investing in security can provide, the market is gradually becoming less restrictive in adoption and demanding value-added services as well.
-The Latin American managed security services (MSS) market generated a revenue of $ million in 2013. The market is expected to grow at a compound annual growth rate (CAGR) of % from 2013 to 2019, to reach $million in 2019.
-Brazil holds the largest market share by sub-region, with % of revenue. It is followed, in decreasing order by Mexico, the Andean region, the Southern Cone, and the Caribbean and Central America.
-Security asset management and monitoring is the most demanded service in the region, contributing % of the total revenue. By 2019, this participation is likely to decrease, but would remain the most in demand, with % of the total revenue.
-The telcos and technology vertical continues to maintain the highest market share of %, followed by manufacturing and industry, with %.
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