Showing posts with label Cybercrime in Brazil. Show all posts
Showing posts with label Cybercrime in Brazil. Show all posts

Friday, June 9, 2017

Rising Volumes of Online Payment and Surging Digital Penetration and Online Business Model underscores the Compelling Opportunities in Cyber Security Market in Brazil: Ken Research

Hosting of FIFA world cup 2014 and World Olympics 2016, coupled with increasing number of Cyber Threats & government initiatives were the key factors driving the size of the Cyber Security Industry in the Country.

The Brazilian economy is the largest economy in Latin America and the world’s 6th largest economy. The country has one of the fastest growing internet users in the world. Cyber security and online fraud are major concerns, with annual losses reaching billions of dollars. Brazil is undergoing a digital revolution by shifting from offline channels to online channels. Adoption of social media and digital penetration has amplified exponentially over the past years. During this period, Brazil witnessed a tenfold increase in Internet access and smart phone subscriptions. The emergence of an enlarged and highly connected middle class is shaping Brazil’s cyber industry. Improved access to new information technologies has given rise to a wide array of social, political and economic forms of empowerment in Brazil.




Cyber crime is the top economic crime in the country. According to a research conducted by the IBM, the number of cyber attacks within the country grew by 197% in 2014, and online banking fraud spiked by 40% from last year. The major reason for rising risk of cyber threats in the country is lack of awareness about cyber scams and cyber securities among the population. Brazil has hosted the FIFA world cup in 2014 and Summer Olympic Games in 2016 resulting in the increasing number of foreign tourists in the country.McAfee Antivirus Market Share,Latin America Cyber Security Market,Cybercrime in Brazil,  In order to prevent cybercriminals and international scams that can take advantage of the influx of tourists increased consumerism and Brazil's expanded ICT infrastructure offering more mobile data access, the military has imposed various rules & regulations and also has implemented the cyber security solutions to prevent the scams. There are thousands of attempts to attack information & communication technology systems in Brazil in day to day life. Rising cyber crime problems in the country is the key driver for the growth in the cyber security industry.
The antivirus & antimalware market has increased at a robust rate in past few years. The country comes among the top 10 market for the softwares in the world. The top level treats in the country are cyber theft and financial attacks against individuals, followed by corporates and other government and non-government entities. Cybercriminals in the country take advantages of popular sports and championships attributing to the rising demand for Antimalware and antivirus softwares in the country. Majority of the revenues of the antivirus and malware market comes from enterprises followed by residential sector.
The cyber security market in Brazil is highly fragmented with the presence of number of small & large players. The market is dominated by the cyber security giants such as Symantec Corporation, Avast, McAfee, Kaspersky lab, CA technologies, Trustwave and others.McAfee Antivirus Market Share,Latin America Cyber Security Market,Cybercrime in Brazil.
The report titled Brazil Cyber Security Market Outlook to 2021- Rising Smart phone Penetration & Increasing Online Banking Transactions to Augment Demand for Securityby Ken Research suggested a CAGR growth of 5.9% in revenue in Cyber Security market in Brazil region in the next 5 years till 2021.
To know more about the publication, click on the link below-
https://www.kenresearch.com/defense-and-security/security-devices/brazil-cyber-security-market-report/111464-16.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Wednesday, June 7, 2017

Rising Smart phone Penetration and Increasing Online Banking Transactions will drive the growth of Brazil Cyber Security Market: Ken Research

·         Rising online banking population in the country will create growth opportunities for cyber security providers.  
·         Increasing smart phone penetration especially growth in the mobile applications market will drive the demand for cyber Security solutions in the country.
·         Growing number of startups in the country, majorly in IT and finance sector will amplify the market size of the cyber security Industry.

Brazil cyber security market is expected to grow at a robust rate in coming future owing to the increasing use of smart phones, online banking transactions and growing number of start ups. Moreover, rising acceptance of Bring Your Own Device (BYOD) trend among organizations supplemented by enhanced network connectivity will extensively leverage the businesses. This will widely lead to the generation and consumption of enormous amount of data traveling from the organizations to the mobile devices such as smart phones, laptops, tablets and others. This trend is expected to result into the increased demand for cyber security solutions to prevent the data loss due to cyber crime. Cyber Crimes Losses in Brazil,
Future Endpoint Security Market, Symantec Market Share Internet Security, Avast Total Security Competition, McAfee Antivirus Market Share, Trustwave Competition Antivirus, Latin America Cyber Security Market, Cybercrime in Brazil,



Rising use of internet and smart phones has increased the e-commerce industry in the country. Brazil is well positioned when compared to other powerful emerging economies. Brazil has approximately 119 million Internet users in the country with the share of 54.2% in the total population in 2016. Growing smart phone penetration in the country has surged the demand for broadband Internet connections. The digital shift towards ecommerce, internet and smart phones has raised the security concern among the population. This has positively impacted the demand for cyber security services from both enterprises and residential sector.
Ken Research in its latest study, Brazil Cyber Security Market Outlook to 2021 suggested Symantec, Avast, McAfee and Kaspersky Lab will continue their dominance but have to face fierce competition from the counterparts. The companies in the industry have plans to develop innovative products which can offer high scan speed and detection process.
The Brazil Cyber Security market is estimated to register a positive CAGR during 2016-2021. Inclining risk of cyber threats, increasing awareness about cyber security solutions, rising internet & smart phone penetration will be the key drivers for the growth of the remittance and bill payment industry in the country.

The report provided information on Brazil cyber security market, Brazil antivirus & antimalware market, Global cyber security market, Market segmentation, Future growth drivers competitive landscape of major companies including Symantec, Avast, McAfee and Kaspersky Lab, Trustwave ,Cyber Crimes Losses in Brazil,
Future Endpoint Security Market, Symantec Market Share Internet Security, Avast Total Security Competition, McAfee Antivirus Market Share, Trustwave Competition Antivirus, Latin America Cyber Security Market, Cybercrime in Brazil.
To know more about the publication, click on the link below-

Related Reports by Ken Research

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Brazil Cyber Security Market Outlook to 2021- Ken Research

Ken Research Latest  Report “Brazil Cyber Security Market Outlook to 2021 - Rising Smart Phone Penetration and Online Banking Transactions to Augment Demand for Security” provides a comprehensive analysis on the cyber security market in Brazil. The report covers various aspects such as overall size of Brazil cyber security market size in terms of revenues, Global cyber security market size, Brazil antivirus & antimalware market size,  Market segmentation of Brazil cyber security market on the basis of types of security, solutions, regions, end users, major industries, services and others,  Brazil antivirus & antimalware market segmentation, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry. The report also covers the competitive landscape of the industry, heat map analysis, list of system integrators and consultants operating in the market.




The report also includes future outlook and projection of Brazil cyber security market, Brazil antivirus & antimalware market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a benchmark for every new player which is seeking to enter into cyber security market in Brazil.
This report helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for cyber security companies, antivirus & antimalware companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Brazil is undergoing a digital revolution with few parallels in the developing world. The rate of digital penetration and social media adoption has risen exponentially over the past decade. Over 50% of Brazilians are active Internet users, & Brazilian financial institutions were early adopters of online services. Cyber security and online fraud are major concerns, with annual losses reaching billions of dollars.
The cyber security industry has increased from USD ~ million in 2011 to USD ~ million in 2016 growing at a CAGR of ~% during the period. The demand for the cyber security solutions has grown tremendously owing to the increasing use of smart phones, rising number of online transactions and growing number of start ups in the country. There are thousands of attempts to attack information & communications technology systems in Brazil in day to day life. Increasing cyber crime problems in the country is the key driver for the growth of the cyber security industry.
Market Segmentation
On the basis of security types, Cloud based security is the ~ contributor in the industry. The increasing number of virtualized and cloud networks in Brazil is boosting the demand for cloud based security. Cloud security has added the share of ~% in the revenues in 2016. Wireless security has contributed ~% in the revenues of the industry. Network endpoint has contributed ~% followed by application ~% and content ~%.
On the basis of solutions, Indentify and Access Management (IAM) has dominated the industry with the share of ~% in terms of revenues. IAM is used to provide authorized access to the employees and other authorized personnel to organizational systems.
BFSI sector has majorly dominated the revenues in the industry with the share of ~% in 2016 on the basis of types of industry in Brazil. The country ranks second in the world in online banking fraud and financial malware.
Antivirus & Antimalware Market
The antivirus & Antimalware market has increased at a robust rate in past few years. The market has increased from USD ~ million in 2011 to USD ~ million in 2016 growing at a CAGR of ~ % during 2011-2016. The country comes among the top ten markets for the software in the world. The top level treats in the country are cyber theft and financial attacks against individuals, followed by corporates and other government and non government entities. Cybercriminals in the country take advantages of popular sports and championships. The world cup and Olympics hosted by the country has registered large number of cyber attacks in the country.
Future Potential
Brazil cyber security market is estimated to increase at a CAGR of ~% during 2016-2021 to reach at USD ~ million in 2021. Brazil cyber security market is expected to grow at a robust rate in coming future owing to the rising risk of cyber threats, increasing awareness about cyber security solutions, growing use of smart phones & internet and changing technologies. Rising Fraud cases and cyber attacks in banking and financial sector in the country has surged the demand for cyber security services in the companies from this sector.
BFSI sector will dominate the industry in coming future in terms of revenue followed by government, IT & Telecom, Healthcare and others. On the basis of end user, the large businesses will dominate the market in coming future in terms of revenues. The large businesses with their large infrastructure and network will dominate the demand break up for cyber security, According Ken Research.
Key Topics Covered in the Report:
  • Brazil Cyber Security Market Introduction
  • Value Chain Analysis of Brazil Cyber Security Market
  • Global Cyber Security Market and Contribution of Brazil
  • Brazil Cyber Security Market Size, By Revenue
  • Market Segmentation (By Hardware, Software, and Services , By Security Type, By Solutions, By Services, By Industries, By End Users, By Deployment, By Origin of Provider, By Region/ City)
  • Snapshot on Antivirus and Anti-malware Market  (Market Size, Market Share, Product Comparison, USP, Pricing,  Segmentation, Future, Buying Decision Parameters, Price Composition)
  • Government regulations in Brazil Cyber Security Market Trends and Developments in Brazil Cyber Security Market
  • Issues and  Challenges in Brazil Cyber Security Market
  • Decision Making Process Before Hiring Cyber Security Company in Brazil
  • SWOT Analysis for Brazil Cyber Security Market
  • Heat Map Analysis of Brazil Cyber Security Market
  • Competitive Landscape for Brazil Cyber Security Market
  • List of System Integrators and Consultants in Brazil Cyber Security Market
  • Future Analysis of Brazil Cyber Security Market
  • Analyst Recommendation
  • Macroeconomic Factors Impacting Brazil Cyber Security Market
To know more about the publication, click on the link below-
https://www.kenresearch.com/defense-and-security/security-devices/brazil-cyber-security-market-report/111464-16.html
Related Reports by Ken Research
Brazil E-commerce Market Forecast to 2020 - Growing Internet Penetration and Last Mile Delivery to Shape Future Growth
India Cyber Security Market Outlook to 2020 - Rising Online Transactions and Government Inclination towards Heavy Digitization of Data to Fuel Growth
India Classified Market Outlook to 2020 - Rising Adoption of Online Channels and Growing Number of MSME to Foster Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249