Market Introduction
The SAM data diode security products market includes Brazil and Argentina. Gradually, the SAM region economies have started forming their cyber security strategies, basically designed to address the diverse sectors relevant to their countries. For instance, Chile published its Cybersecurity Strategy in 2017 and established a broad view of cyber security risks to create a comprehensive framework. Argentina intends to enhance the development and adoption of a regulatory framework for the identification and protection of significant infrastructures against cyber-threats, among private and government sectors.
The growth of cybercriminals in SAM is propelled by emerging economies evolving as foremost perpetrators of fraud, generating new epicenters of cybercrime. Cyber-attacks from Brazil continue to grow; it is also targeting neighboring countries such as Columbia and Argentina. To prevent payment fraud, companies in the region are highly engaged in designing various hardware such as data diodes that are integrated with the organization's machines and equipment to protect it from data breaching. The growing payment security issues and strict regulatory compliances are among the significant factors that drive the growth of the data diode security products market in SAM. Also, soaring interest for miniaturized data diodes among various industries is expected to create a significant demand for data diode security products in the coming years, which is further anticipated to drive the data diode security products market in SAM.
The ongoing COVID-19 is having terrible effect on SAM region. In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Peru, Argentina, and Chile. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners.
The sharp decline in the sales of electronics components in the region due to lockdown measures is expected to directly impact the growth of data diode security products market in this region. In addition to this, the online as well as retail distribution channel will also face the negative impact due to supply chain disruptions and non-availability of raw materials. The sharp decline in business activities and product sales are expected to directly affect the growth rate of data diode security products market in this region for the next three to four quarters.
Market Overview and Dynamics
The data diode security products market in SAM is expected to grow from US$ 22.56 million in 2019 to US$ 27.55 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027. A rapid digital revolution across the world with high penetration of digital technologies, countries are possessing growth potential and zest for digital innovation to become a prominent digital economy. For this purpose, the companies across the region are undergoing digital transformation. The Internet of Things (IoT) has been implemented in all industries; at present, every buildings and machine, roads and railways, products and processes carry sensors and exchange data. Industrial and machinery plants are connected to the internet, owing to its captivating benefits such as continuous monitoring of operating and sensor data. The industrial plants that transmit data through the internet might be vulnerable. Thus, to prevent plants from vulnerability, the systems must be protected from any forms of unauthorized access. At present, data diodes in the SAM region are highly installed in the oil & gas industry. Various other sectors, such as petrochemical operations, water facilities, power generation sites, and government agencies, deploy data diode security products for the safety of their infrastructure. Thus, the rising deployment of data diode security products in various industrial applications drives the SAM market.
Key Market Segments
In terms of type, the non-ruggedized data diode segment accounted for the largest share of the SAM data diode security products market in 2019. In terms of application, the government segment held a larger market share of the SAM data diode security products market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the data diode security products market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., Rohde & Schwarz GmbH & Co.
Reasons to buy report
- To understand the SAM data diode security products market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM data diode security products market
- Obtain market revenue forecast for data diode security products market by various segments from 2020-2027 in SAM region.
SAM Data Diode Security Products Market Segmentation
SAM Data Diode Security Products - By Type
- Non-Ruggedized Data Diode
- Ruggedized Data Diode
SAM Data Diode Security Products - By Application
- Government
- Oil & Gas
- BFSI
- Others
SAM Data Diode Security Products - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Data Diode Security Products - Company Profiles
- BAE Systems
- Belden Inc.
- Fibersystem AB
- Forcepoint
- Fox-IT Holding B.V.
- Rohde & Schwarz GmbH & Co.