Market Research Report
South America Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), and Application (Government, Oil & Gas, BFSI, and Others)
|South America Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), and Application (Government, Oil & Gas, BFSI, and Others)|
Published: November 17, 2020
The Insight Partners
Content info: 87 Pages
Delivery time: 1-2 business days
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. Data diode security products help mitigate the risks of networking highly critical systems, and monitor network connections and enable one-way data transfer. Machinery, plant, and IT systems can transmit data through the internet without risking its confidentiality by using of data diodes. The global marketplace is experiencing rapid digital revolution with the high penetration of digital technologies. As a result, companies in SAM are also undergoing digital transformation. Industrial and machinery plants are connected to the internet as it allows the continuous monitoring of operations and access to sensor data. The data transmitted or accessed through internet is vulnerable to cyber-threats; therefore, companies need to protect their systems from unauthorized access. Hence, the rising deployment of data diode security products in various industrial applications drives the growth of the market in SAM. The increasing adoption of the industrial control system would also bolster the diode security products market in the coming years.
Based on application, the government segment led the SAM data diode security products market in 2019. Federal and state governments need to maintain their digital presence, thereby meeting high usability and effectiveness standards and offer quality information that is readily available to all. This activity is becoming difficult as the federal agencies have reported a large number of incidents related to cyberattacks. Government and military security breaches tend to be high-profile and are targeted by foreign powers with intent of spying, hacktivists seeking to make a political statement, cybercriminals who are looking to monetize the massive amount of personal information in state, federal, and local databases.
In military operations, the information management and data transfer security are important processes, and the networks need to be protected from the external threat. Moreover, vast amount of information passes between internal networks of differing security classifications. Therefore, there is an increasing adoption of data diode security solutions by military organizations for secure network monitoring and system updates, which helps them have better management of the different security classified networks.
The ongoing COVID-19 pandemic is adversely affecting the countries across SAM. In SAM, Brazil has the highest number of the COVID-19 cases, followed by Colombia, Peru, Argentina, and Chile. The governments of various countries in SAM are taking several initiatives to protect people and contain the spread of the virus by imposing lockdowns, trade bans, and travel restrictions. These measures are adversely affecting the region's economic growth as it is earning lower export revenues from the drop in commodity prices and reduction in export volumes, especially to major trading partners. In addition, the online and retail distribution channels are negatively affected due to disruptions in supply chain and shortage of raw materials. The sharp decline in the business activities and sales of electronics components due to lockdown measures is restraining the growth of data diode security products market in SAM.
The overall SAM data diode security products market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the data diode security products market. The process also serves the purpose of obtaining an overview and forecast for the SAM data diode security products market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants associated with this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the SAM data diode security products market. BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., and Rohde & Schwarz GmbH & Co. are a few players operating in the data diode security products market in this region.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM data diode security products market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM data diode security products market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the data diode security products market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution