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Frost & Sullivan Net
(U.S. Newswire Via Acquire Media NewsEdge) BC-Frost-&-Sullivan-Net
To: TECHNOLOGY EDITORS
Contact: Catalina Rossini, Corporate Communications - Latin America of
Frost & Sullivan, + 54-11-4777-4777, fax, + 54-11-4777-0071,
catalina.rossini@frost.com
BUENOS AIRES, Argentina, July 14 /PRNewswire/ -- A major factor motivating
growth in the Latin America network security markets is the dramatically
growing workforce in the region. The adoption of the home-office model,
juxtaposed with the increase in the usage of laptops, PDAs, and smart phones
has enhanced the need for securing the expanded network of companies in the
region. Moreover, as the IT infrastructure becomes exceedingly complex,
potential network security risks are amplified.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
More robust and complete solutions are required to ensure the safety of
the networks in Latin America, and enterprises are deploying security
solutions to safeguard confidential information from unauthorized access. For
now, the network security market in the region is presenting a constant growth
year after year given its developing nature.
New analysis from Frost & Sullivan (http://www.networksecurity.frost.com),
Latin America Network Security Markets, finds that the market earned revenues
of over $234.6 million in 2008 and estimates this to reach $568.6 million in
2014.
If you are interested in a virtual brochure, which provides a brief
synopsis of the research and a table of contents, then send an e-mail to
Catalina Rossini, Corporate Communications, at catalina.rossini@frost.com,
with your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country. Upon receipt of the above
information, a brochure will be sent to you by e-mail.
"Though the world economic crisis is forecast to negatively influence the
network security market in Latin America, the market is still expected to
achieve relatively high growth rates compared to more mature regions such as
Western Europe and the United States, which will be hit harder," say Frost &
Sullivan Research Analysts Fernando Belfort and Jennyfer Velez. "By 2009,
Brazil and the Andean region are forecast to demonstrate the most optimistic
annual growth rates, with 21.1 percent and 25.6 percent, respectively; Mexico,
the Southern Cone region, and CCA are forecast to have relatively smaller
annual growth rate for 2009, with 19.2 percent, 17.5 percent, and 17.0
percent, respectively."
Vendors have identified this emerging opportunity and are focused on
improving sales partnerships and establishing local offices in order to garner
maximum advantage from the situation. Bundled solutions that integrate
multiple solutions into a single product are highly favored in the region.
"Most vendors in Latin America, following a world-wide trend, are
developing unified threat management (UTM) devices as a means to increase the
market participation of small and medium companies that are currently
interested in network security solutions, but are restricted to the market due
to prices and investment capabilities," says Belfort. "Vendors such as
SonicWALL and to a lower extent Fortinet that are specialized in
cost-effectiveness have been gaining market share over the past two years in
the region."
Another significant factor positively impacting market dynamics is the
proliferation of partnerships between network security vendors and managed
security service providers. The outsourcing trend has been highly successful
over the last three years in Latin America and as more companies outsource
their network security to specialized third parties, the demand for robust and
updated products will escalate.
"During 2008, the network security market was largely dependant on its
enterprise customers," observes Velez. "However, the participation of the SMB
segment, particularly the mid market sector, is expected to accelerate in the
near future."
Between 2008 and 2014, the SMB segment is poised to boost its
participation, increasing its share from 28.2 percent to 34.4 percent by the
end of the forecast period. Demand from this segment will uplift prospects for
firewall/VPN IPSec and intrusion detection and prevention systems (IDS/IPS),
which are likely to face market maturity in enterprises that have already
invested in these capabilities presently.
The large enterprise segment represents 71.8 percent of the market.
Nonetheless, this total participation of the segment is expected to start
declining with a more active mid market participation. Providers are also
likely to develop special offers with a different pricing structure to reach
the mid market.
Latin America Network Security Markets is part of the Network Security
Growth Partnership Service program, which also includes research in the
following markets: Latin America Managed Security Services Markets and Latin
America Network Security Markets. All research services included in
subscriptions provide detailed market opportunities and industry trends that
have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best in class positions in growth, innovation
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Partnership, please visit http://www.frost.com.
Latin America Network Security Markets
N583
Contact:
Catalina Rossini
Corporate Communications - Latin America
P: + 54-11-4777-4777
F: + 54-11-4777-0071
E: catalina.rossini@frost.com
http://www.frost.com
SOURCE Frost & Sullivan
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(c) 2009 U.S. Newswire Corp.
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