South & Central America Phishing Protection Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The phishing protection market in South and Central America was valued at approximately US$ 92.83 million in 2023 and is projected to grow to US$ 186.99 million by 2031, reflecting a compound annual growth rate (CAGR) of 9.1% during this period.

Growth Drivers: AI and Machine Learning in Phishing Protection

As phishing attacks become increasingly sophisticated, there is a pressing need for advanced real-time defense mechanisms. The integration of artificial intelligence (AI) and machine learning (ML) into phishing protection solutions is a key factor driving market growth. These technologies enable cybersecurity systems to analyze large datasets swiftly, identifying patterns that help differentiate between legitimate and malicious communications. This capability minimizes disruptions to business operations.

The demand for advanced phishing protection tools, such as AI-driven threat-hunting systems and automated incident response solutions, is on the rise. These tools can seamlessly integrate with existing security frameworks, providing actionable insights to security teams. As organizations become more aware of the limitations of traditional rule-based phishing protection, the need for these innovative solutions is expected to increase significantly, further propelling market growth.

Market Overview

The phishing protection market in South and Central America is experiencing steady expansion, driven by the growing adoption of digital technologies and rising cybercrime rates. Increased awareness of cybersecurity threats is also contributing to this growth. Brazil and Argentina are the leading markets in the region, with both countries actively enhancing their cybersecurity infrastructures. The digitization of banking and financial services has made these sectors prime targets for phishing attacks. For instance, Brazil's central bank reported a 60% increase in phishing attempts targeting digital banking users in 2023. Additionally, Mexico's government launched a national cybersecurity awareness initiative in 2024 aimed at protecting citizens and small businesses from phishing threats.

As the region continues to embrace digitalization, there is a heightened focus on implementing comprehensive phishing protection strategies. Educational programs aimed at raising user awareness about phishing and cybersecurity are also being prioritized. The market is expected to benefit from the integration of AI and ML technologies, as well as collaborations among governments, financial institutions, and cybersecurity organizations.

Market Segmentation

The South and Central America phishing protection market is segmented based on offerings, deployment, type, enterprise size, vertical, and country:

1. Offerings: The market is divided into solutions and services, with the solutions segment holding a larger share in 2023.

2. Deployment: The market is categorized into on-premises and cloud deployments, with the cloud segment leading in market share in 2023.

3. Type: The market is split into email-based phishing and non-email-based phishing, where email-based phishing solutions accounted for a larger share in 2023.

4. Enterprise Size: The market is divided into large enterprises and small and medium enterprises (SMEs), with large enterprises dominating the market in 2023.

5. Vertical: The market is segmented into various sectors, including banking, financial services, and insurance (BFSI), media and entertainment, IT and telecom, retail and e-commerce, government and public sector, among others. The BFSI sector held the largest market share in 2023.

6. Country: The market is segmented into Brazil, Argentina, and the rest of South and Central America, with Brazil leading the market share in 2023.

Key Players in the Market

Prominent companies operating in the South and Central America phishing protection market include Microsoft Corp, Cisco Systems Inc, Open Text Corp, Barracuda Networks, Inc., SlashNext, Inc., Ironscales, Proofpoint Inc, Mimecast Services Limited, Paubox, Inc., and Trustwave Holdings, Inc. These companies are at the forefront of developing innovative phishing protection solutions to combat the growing threat of phishing attacks in the region.

Product Code: BMIRE00031974

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. South & Central America Phishing Protection Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain

5. South & Central America Phishing Protection Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Sophistication and Frequency of Phishing Attacks
- 5.1.2 Growth in E-commerce Industry
5.2 Market Restraints
- 5.2.1 Limited User Awareness
5.3 Market Opportunities
- 5.3.1 Emergence of Protection Solutions Powered by Artificial Intelligence and Machine Learning
- 5.3.2 Surge in Mobile Phishing Attacks
5.4 Market Trends
- 5.4.1 Integration of Behavioral Analysis
5.5 Impact of Drivers and Restraints:

6. Phishing Protection Market - South & Central America Analysis

6.1 South & Central America Phishing Protection Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Phishing Protection Market Forecast Analysis

7. South & Central America Phishing Protection Market Analysis - by Offerings

7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. South & Central America Phishing Protection Market Analysis - by Deployment

8.1 On-Premises
- 8.1.1 Overview
- 8.1.2 On-Premises: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Cloud
- 8.2.1 Overview
- 8.2.2 Cloud: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. South & Central America Phishing Protection Market Analysis - by Type

9.1 Email-based Phishing
- 9.1.1 Overview
- 9.1.2 Email-based Phishing: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Non-Email-based Phishing
- 9.2.1 Overview
- 9.2.2 Non-Email-based Phishing: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. South & Central America Phishing Protection Market Analysis - by Enterprise Size

10.1 Large Enterprises
- 10.1.1 Overview
- 10.1.2 Large Enterprises: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Small and Medium Enterprises
- 10.2.1 Overview
- 10.2.2 Small and Medium Enterprises: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. South & Central America Phishing Protection Market Analysis - by Vertical

11.1 BFSI
- 11.1.1 Overview
- 11.1.2 BFSI: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.2 Media and Entertainment
- 11.2.1 Overview
- 11.2.2 Media and Entertainment: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.3 IT and Telecom
- 11.3.1 Overview
- 11.3.2 IT and Telecom: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.4 Retail and E-Commerce
- 11.4.1 Overview
- 11.4.2 Retail and E-Commerce: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.5 Government and Public Sector
- 11.5.1 Overview
- 11.5.2 Government and Public Sector: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.6 Others
- 11.6.1 Overview
- 11.6.2 Others: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)

12. South & Central America Phishing Protection Market - Country Analysis

12.1 South & Central America
- 12.1.1 South & Central America Phishing Protection Market - Revenue and Forecast Analysis - by Country
  - 12.1.1.1 South & Central America Phishing Protection Market - Revenue and Forecast Analysis - by Country
  - 12.1.1.2 Brazil: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 12.1.1.2.1 Brazil: South & Central America Phishing Protection Market Share - by Offerings
    - 12.1.1.2.2 Brazil: South & Central America Phishing Protection Market Share - by Deployment
    - 12.1.1.2.3 Brazil: South & Central America Phishing Protection Market Share - by Type
    - 12.1.1.2.4 Brazil: South & Central America Phishing Protection Market Share - by Enterprise Size
    - 12.1.1.2.5 Brazil: South & Central America Phishing Protection Market Share - by Vertical
  - 12.1.1.3 Argentina: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 12.1.1.3.1 Argentina: South & Central America Phishing Protection Market Share - by Offerings
    - 12.1.1.3.2 Argentina: South & Central America Phishing Protection Market Share - by Deployment
    - 12.1.1.3.3 Argentina: South & Central America Phishing Protection Market Share - by Type
    - 12.1.1.3.4 Argentina: South & Central America Phishing Protection Market Share - by Enterprise Size
    - 12.1.1.3.5 Argentina: South & Central America Phishing Protection Market Share - by Vertical
  - 12.1.1.4 Rest of South & Central America: South & Central America Phishing Protection Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 12.1.1.4.1 Rest of South & Central America: South & Central America Phishing Protection Market Share - by Offerings
    - 12.1.1.4.2 Rest of South & Central America: South & Central America Phishing Protection Market Share - by Deployment
    - 12.1.1.4.3 Rest of South & Central America: South & Central America Phishing Protection Market Share - by Type
    - 12.1.1.4.4 Rest of South & Central America: South & Central America Phishing Protection Market Share - by Enterprise Size
    - 12.1.1.4.5 Rest of South & Central America: South & Central America Phishing Protection Market Share - by Vertical

13. Competitive Landscape

13.1 Company Positioning & Concentration
13.2 Heat Map Analysis by Key Players

14. Industry Landscape

14.1 Overview
14.2 Market Initiative
14.3 Product Development
14.4 Mergers & Acquisitions

15. Company Profiles

15.1 Microsoft Corp
- 15.1.1 Key Facts
- 15.1.2 Business Description
- 15.1.3 Products and Services
- 15.1.4 Financial Overview
- 15.1.5 SWOT Analysis
- 15.1.6 Key Developments
15.2 Cisco Systems Inc
- 15.2.1 Key Facts
- 15.2.2 Business Description
- 15.2.3 Products and Services
- 15.2.4 Financial Overview
- 15.2.5 SWOT Analysis
- 15.2.6 Key Developments
15.3 Open Text Corp
- 15.3.1 Key Facts
- 15.3.2 Business Description
- 15.3.3 Products and Services
- 15.3.4 Financial Overview
- 15.3.5 SWOT Analysis
- 15.3.6 Key Developments
15.4 Barracuda Networks, Inc.
- 15.4.1 Key Facts
- 15.4.2 Business Description
- 15.4.3 Products and Services
- 15.4.4 Financial Overview
- 15.4.5 SWOT Analysis
- 15.4.6 Key Developments
15.5 SlashNext, Inc.
- 15.5.1 Key Facts
- 15.5.2 Business Description
- 15.5.3 Products and Services
- 15.5.4 Financial Overview
- 15.5.5 SWOT Analysis
- 15.5.6 Key Developments
15.6 Ironscales
- 15.6.1 Key Facts
- 15.6.2 Business Description
- 15.6.3 Products and Services
- 15.6.4 Financial Overview
- 15.6.5 SWOT Analysis
- 15.6.6 Key Developments
15.7 Proofpoint Inc
- 15.7.1 Key Facts
- 15.7.2 Business Description
- 15.7.3 Products and Services
- 15.7.4 Financial Overview
- 15.7.5 SWOT Analysis
- 15.7.6 Key Developments
15.8 Mimecast Services Limited
- 15.8.1 Key Facts
- 15.8.2 Business Description
- 15.8.3 Products and Services
- 15.8.4 Financial Overview
- 15.8.5 SWOT Analysis
- 15.8.6 Key Developments
15.9 Paubox, Inc.
- 15.9.1 Key Facts
- 15.9.2 Business Description
- 15.9.3 Products and Services
- 15.9.4 Financial Overview
- 15.9.5 SWOT Analysis
- 15.9.6 Key Developments
15.10 Trustwave Holdings, Inc.
- 15.10.1 Key Facts
- 15.10.2 Business Description
- 15.10.3 Products and Services
- 15.10.4 Financial Overview
- 15.10.5 SWOT Analysis
- 15.10.6 Key Developments

16. Appendix

16.1 About The Insight Partners