- The key vendors in the Network Security Market in Latin America 2014-2018 are Check Point Software Technologies Inc., Cisco Systems Inc., Fortinet Inc., Juniper Networks Inc. and Palo Alto Networks Inc.
London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Network Security Market in Latin America 2014-2018. One key trend emerging in the market is the rapid adoption of public and private cloud. Public cloud is in demand by organizations so they can take advantage of security solutions given as a service, private clouds are largely sought for the optimization of workload management through the sharing of computational resources.
Network security comprises products and services used to monitor, detect, and prevent unauthorized access, misuse, or malfunction, or to disable/destroy a computer network. They aim to provide and maintain a secure platform that will help users perform critical tasks. Network security has been gaining prominence over the years, especially with an increase in hacking activities, as these increases the number of sophisticated and complex threats, which cannot be addressed by traditional defense mechanisms.
“Organizations have started preferring solutions that offer ease of use as well as time enhanced efficiency at a low cost,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, vendors in this category are constantly upgrading their solutions to add more security applications.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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