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News

Latin American Security Report Examines UTM and VPN Uptake in the Region

Research And Markets : 09 July, 2010  (New Product)
The security services market in Latin America is examined in a Frost and Sullivan report available from Research and Markets
Research and Markets has announced the addition of Frost & Sullivan's new report 'Latin American Managed Security Services Markets 2010' to their offering.

Influential market catalysts include the high number of network security regulations companies are obligated to comply to, excellent cost-benefit of outsourcing network security and the increasingly complexity of business networks frequency and sophistication of network attacks. The negative effects of the economic crisis experienced in 2008 and 2009 did not significantly effect the entire region. Countries like Mexico and Argentina suffered more, as opposed to Brazil and Colombia that managed grow at aggressive growth rates. The market is composed of international and local IT service providers, telcos, MSS pure players and integrators.

Despite the global economic crisis experienced in both 2008 and 2009, the Latin American Managed Security Services markets experienced an extremely positive annual growth rate of xx.x percent in 2009. Similar strong yet decreasing growth rate is expected in the short-term in the region. Regions such as Brazil and the Andean region (particularly Colombia and Peru) are expected to drive higher growth rates.

One of the most relevant factors driving strong growth in the Latin American managed security service (MSS) markets is the exponential increase in the number and complexity of both internal and external threats. Companies of all business verticals and sizes have suffered significant losses due to network intrusions, viruses, and information theft.

Compliance with both local and international regulations has always been a driver in the Latin American network security markets, particularly national banking regulations, as well as international ones such as Sarbanes-Oxley, PCI DSS, Basel II and HIPAA. In 2010, a deadline for the compliance with PCI DSS is expected to drive further MSS investments.

One of the major adoption trends identified in the region is the success in the deployment of unified threat management (UTM) and its constant 24x7 management, which clearly fit the demands of the SMB segment as well as large enterprises that include a high/large number of offices or franchises.

Another strong trend observed in 2009 was the growing number and success of partnerships between network security vendors and MSS providers, particularly in countries such as Brazil, Chile, and Colombia. Network security vendors have realized the potential of the MSS market and have invested in motivating partner programs as well as road-shows and international conferences to maximize their partnerships with MSS providers.

In Latin America, firewall/VPN is the most popular and previously consolidated MSS as it is considered the most basic and entry level service.

Major drivers for the adoption of this service is the increase in workforce mobility that boosts VPN revenues and implementation of UTM solutions that contain firewall capabilities in medium-sized companies, particularly in Brazil.
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