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Frost & Sullivan: Network Protection Fuels Growth in the Latin American Markets

BUENOS AIRES, Argentina, July 14 /PRNewswire/ -- A major factor motivating growth in the Latin America network security markets is the dramatically growing workforce in the region. The adoption of the home-office model, juxtaposed with the increase in the usage of laptops, PDAs, and smart phones has enhanced the need for securing the expanded network of companies in the region. Moreover, as the IT infrastructure becomes exceedingly complex, potential network security risks are amplified.

More robust and complete solutions are required to ensure the safety of the networks in Latin America, and enterprises are deploying security solutions to safeguard confidential information from unauthorized access. For now, the network security market in the region is presenting a constant growth year after year given its developing nature.

New analysis from Frost & Sullivan (, Latin America Network Security Markets, finds that the market earned revenues of over $234.6 million in 2008 and estimates this to reach $568.6 million in 2014.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Catalina Rossini, Corporate Communications, at [email protected], with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

"Though the world economic crisis is forecast to negatively influence the network security market in Latin America, the market is still expected to achieve relatively high growth rates compared to more mature regions such as Western Europe and the United States, which will be hit harder," say Frost & Sullivan Research Analysts Fernando Belfort and Jennyfer Velez. "By 2009, Brazil and the Andean region are forecast to demonstrate the most optimistic annual growth rates, with 21.1 percent and 25.6 percent, respectively; Mexico, the Southern Cone region, and CCA are forecast to have relatively smaller annual growth rate for 2009, with 19.2 percent, 17.5 percent, and 17.0 percent, respectively."

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