LATIN AMERICA APPLICATION SECURITY MARKET 2021-2028

ICT | Security

LATIN AMERICA APPLICATION SECURITY MARKET 2021-2028

Market by Solution, Service, Deployment, Organization Size, Testing Type, End-user, and Country | Forecast 2021-2028

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Triton’s report suggests that the application security market in Latin America is estimated to register revenue growth at 14.36% of CAGR during the forecasted period 2021-2028.


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The countries analyzed in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

Approximately one-third of the web traffic is generated through mobile phones in Brazil. Moreover, over the years, smartphone adoption has proliferated across the country, with e-commerce platforms gaining significant traction. This rise in smartphone adoption has directly increased the use of various applications to fulfill a wide range of needs. Thus, the growing demand influences the need for efficient security solutions to avoid data breaches, generating growth opportunities for the application security market in Brazil.

Furthermore, the trend of e-wallets is anticipated to double over the next few years, contributing heavily to the growth of e-commerce platforms in Brazil. This demand for e-wallets is primarily owing to the consumer demand for easier and faster payment methods, resulting in entrepreneurs opting for electronic platforms to advance their sales. All these factors augment the need for security solutions, which fuels the growth of the application security market.

On the other hand, the central bank in Mexico is developing a free mobile payment system to surge digital transactions in the country. The system named Cobro Digital is a part of a government initiative to enhance financial inclusion through digital payments among the people. Therefore, these efforts by government authorities support the adoption of application security solutions, in turn, augmenting the progression of the Mexican application security market.

Synopsys is a major supplier of electronic design automation solutions. It also offers design technologies to makers of electronic systems, advanced integrated circuits, and systems on a chip. The company provides consulting services and support to clients to streamline the design process. Its product portfolio includes security testing services that help accelerate and scale application security testing with on-demand expertise and other resources. Synopsys markets its products across various regions, including Latin America. 

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Table of Content

1. LATIN AMERICA APPLICATION SECURITY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. GROWING ADOPTION OF THIRD-PARTY APPLICATIONS

2.1.2. SURGE IN MOBILE PAYMENTS

2.2. IMPACT OF COVID-19 ON APPLICATION SECURITY MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

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 MATRIX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. CONTRACTS & PARTNERSHIPS

2.6.2. BUSINESS EXPANSIONS & DIVESTITURES

2.6.3. NEW PRODUCT LAUNCHES

2.7. MARKET DRIVERS

2.7.1. INCREASE IN NUMBER OF CYBER BREACHES

2.7.2. OUTSOURCING IT

2.7.3. STRINGENT BY-LAWS

2.8. MARKET CHALLENGES

2.8.1. LACK OF EXPERTISE IN APPLICATION SECURITY

2.8.2. BUDGET CONSTRAINT FOR IMPLEMENTING APPLICATION SECURITY

2.9. MARKET OPPORTUNITIES

2.9.1. GOVERNMENT REGULATIONS DRIVING SECURITY NEEDS

3. LATIN AMERICA APPLICATION SECURITY MARKET - BY SOLUTION

3.1. WEB APPLICATION SECURITY

3.2. MOBILE APPLICATION SECURITY

4. LATIN AMERICA APPLICATION SECURITY MARKET - BY SERVICE

4.1. MANAGED

4.2. PROFESSIONAL

5. LATIN AMERICA APPLICATION SECURITY MARKET - BY DEPLOYMENT

5.1. CLOUD

5.2. ON-PREMISE

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 TESTING TYPE

7.1. SAST

7.2. DAST

7.3. IAST

7.4. RASP

7.5. OTHERS

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

8.1. BFSI

8.2. GOVERNMENT AND DEFENSE

8.3. HEALTHCARE

8.4. IT & TELECOM

8.5. MANUFACTURING

8.6. RETAIL

8.7. OTHERS

9. LATIN AMERICA APPLICATION SECURITY MARKET - REGIONAL OUTLOOK

9.1. COUNTRY ANALYSIS

9.1.1. BRAZIL

9.1.2. MEXICO

9.1.3. REST OF LATIN AMERICA

10. COMPETITIVE LANDSCAPE

10.1. ACUNETIX

10.2. CHECKMARX

10.3. CONTRAST SECURITY

10.4. HEWLETT PACKARD ENTERPRISE

10.5. IBM CORPORATION

10.6. NSFOCUS

10.7. PRADEO

10.8. QUALYS INC

10.9. RAPID7 INC

10.10. SITELOCK

10.11. SYNOPSYS

10.12. TRUSTWAVE

10.13. VERACODE

10.14. WHITEHAT SECURITY

11. METHODOLOGY & SCOPE

11.1. RESEARCH SCOPE & DELIVERABLES

11.2. SOURCES OF DATA

11.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA APPLICATION SECURITY MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 5: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 6: LIST OF NEW PRODUCT LAUNCHES

TABLE 7: LATIN AMERICA APPLICATION SECURITY MARKET, BY SOLUTION, 2021-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA APPLICATION SECURITY MARKET, BY SERVICE, 2021-2028 (IN $ MILLION)

TABLE 9: LATIN AMERICA APPLICATION SECURITY MARKET, BY DEPLOYMENT, 2021-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA APPLICATION SECURITY MARKET, BY TESTING TYPE, 2021-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA APPLICATION SECURITY MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 12: LATIN AMERICA APPLICATION SECURITY MARKET, BY ORGANIZATION SIZE, 2021-2028 (IN $ MILLION)

TABLE 13: LATIN AMERICA APPLICATION SECURITY MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: LATIN AMERICA APPLICATION SECURITY MARKET, BY SOLUTION, 2020 & 2028 (IN %)

FIGURE 3: LATIN AMERICA APPLICATION SECURITY MARKET, BY WEB APPLICATION SECURITY, 2021-2028 (IN $ MILLION)

FIGURE 4: LATIN AMERICA APPLICATION SECURITY MARKET, BY MOBILE APPLICATION SECURITY, 2021-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA APPLICATION SECURITY MARKET, BY SERVICE, 2020 & 2028 (IN %)

FIGURE 6: LATIN AMERICA APPLICATION SECURITY MARKET, BY MANAGED, 2021-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA APPLICATION SECURITY MARKET, BY PROFESSIONAL, 2021-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA APPLICATION SECURITY MARKET, BY DEPLOYMENT, 2020 & 2028 (IN %)

FIGURE 9: LATIN AMERICA APPLICATION SECURITY MARKET, BY CLOUD, 2021-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA APPLICATION SECURITY MARKET, BY ON-PREMISE, 2021-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA APPLICATION SECURITY MARKET, BY TESTING TYPE, 2020 & 2028

FIGURE 12: LATIN AMERICA APPLICATION SECURITY MARKET, BY SMALL AND MEDIUM ENTERPRISE, 2021-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA APPLICATION SECURITY MARKET, BY LARGE ENTERPRISE, 2021-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA APPLICATION SECURITY MARKET, BY END-USER, 2020 & 2028

FIGURE 15: LATIN AMERICA APPLICATION SECURITY MARKET, BY SAST, 2021-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA APPLICATION SECURITY MARKET, BY DAST, 2021-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA APPLICATION SECURITY MARKET, BY IAST, 2021-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA APPLICATION SECURITY MARKET, BY RASP, 2021-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA APPLICATION SECURITY MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA APPLICATION SECURITY MARKET, BY ORGANIZATION SIZE, 2020 & 2028

FIGURE 21: LATIN AMERICA APPLICATION SECURITY MARKET, BY BFSI, 2021-2028 (IN $ MILLION)

FIGURE 22: LATIN AMERICA APPLICATION SECURITY MARKET, BY GOVERNMENT AND DEFENSE, 2021-2028 (IN $ MILLION)

FIGURE 23: LATIN AMERICA APPLICATION SECURITY MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)

FIGURE 24: LATIN AMERICA APPLICATION SECURITY MARKET, BY IT & TELECOM, 2021-2028 (IN $ MILLION)

FIGURE 25: LATIN AMERICA APPLICATION SECURITY MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)

FIGURE 26: LATIN AMERICA APPLICATION SECURITY MARKET, BY RETAIL, 2021-2028 (IN $ MILLION)

FIGURE 27: LATIN AMERICA APPLICATION SECURITY MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 28: LATIN AMERICA APPLICATION SECURITY MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 29: BRAZIL APPLICATION SECURITY MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: MEXICO APPLICATION SECURITY MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF LATIN AMERICA APPLICATION SECURITY MARKET 2021-2028 (IN $ MILLION)

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