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Data Security - Brazil

Brazil
  • The Data Security market in Brazil is expected to witness a significant growth in the coming years.
  • By 2025, the projected revenue is estimated to reach US$88.44m.
  • Furthermore, it is anticipated that the market will experience an annual growth rate of 11.79%, resulting in a market volume of US$138.14m by 2029.
  • In terms of the average Spend per Employee, it is projected to reach US$0.80 in 2025.
  • This indicates the amount of money spent on Data Security market per employee in Brazil.
  • When compared globally, it is evident that United States will generate the highest revenue in the Data Security market.
  • In 2025, the projected revenue United States is estimated to be US$3.2bn.
  • This demonstrates the dominance of the United States in this market segment.
  • Brazil is experiencing a surge in demand for data security solutions, driven by increasing cyber threats and the need to protect sensitive information in the country's rapidly growing digital economy.

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Source: Statista Market Insights

Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update:

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Source: Statista Market Insights

Key Players

Most recent update:

Source: Statista Market Insights

Global Comparison

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update:

Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update:

Source: Statista Market Insights

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