Tuesday, March 2, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Internet Security

Latin American IT security market to see growth in 2020

April 1, 2020
in Internet Security
Latin American IT security market to see growth in 2020
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

The IT security market is expected to grow 12% in 2020 with spend reaching US$ 4 billion in Latin America, according to analyst firm IDC.

Even though intended spend in security – 57% of the Latin organizations interviewed by IDC indicated this is a priority – is quite different to actual investment, the research company predicts that companies will be directing resources to security initiatives in the months to come despite the challenges.

You might also like

Google addresses customer data protection, security in Workspace

Australia’s new ‘hacking’ powers considered too wide-ranging and coercive by OAIC

Scientists have built this ultrafast laser-powered random number generator

“Companies are open and are discussing security issues, but when it comes to investing, there are limitations and budgets to be preserved”, said research and consulting manager at Enterprise at IDC Brazil, Luciano Ramos. “Organizations need to expand their perception of security as a business enabler.”

Ramos highlighted a trend around the evolution of trust in Latin America, which defines conditions for companies to decide with whom they will relate. “The future of trust goes beyond the traditional idea of what it is to trust and also involves regulatory issues, specific laws for industries and countries and privacy concepts, something important in Brazil due to the [upcoming data protecting regulations]”, says Ramos.

According to the analyst, such trust programs have metrics intended to establish whether an organization’s maturity level is adequate for a certain project. He added that such metrics, in the medium and long term, will be key to helping organizations decide whether or not to do business with other companies.

Decision-makers in IT security in Latin America are particularly interested in machine learning, cognitive computing and Internet of Things, Ramos noted, as these technologies “play an important role in security solutions to more effectively correlate security events, understand user behaviors, as well as how each person consumes information and resources in each organization.”

Latin American buyers have been using AI and machine learning to solve business problems and better understand the information that is being generated by the business. By doing that, more business results are being achieved and processes are being optimized, the analyst noted.

On the other hand, IDC noted that applications around Internet of Things are not limited to projects outside organizations, like smart cities. According to Ramos, IoT tech generates more inputs, which, in turn, are helping IT analyze and generate insights to optimize resources.

Security is playing a significant role when it comes to achieving good results in cloud strategies in Latin America, according to IDC. When setting up the cloud strategy, benefits expected by Latin organizations when it comes to public cloud are agility (43%), security (42%), simplicity and standardization (41%).

Private cloud priorities stated by the Latin organizations interview by IDC are security (52%), agility (43%), simplicity and standardization (42%). In multi-cloud approaches, the expected benefits are: agility (35%), empowerment of the business areas (35%) and security (34%).

However, IDC noted that one-third of Latin companies can’t see how cloud computing can impact security processes. “Even though the numbers [on security investment] are positive and interesting, caution is needed when it comes to understanding cloud use, because the cloud doesn’t solve security problems automatically”, he noted. “Organizations need strategic security plans and investments in order to deal with such environments of greater exposure,” says Ramos.

IT security vendors in Latin America need to understand how companies are changing the way they consume solutions, according to Ramos. “Both industry and service providers need to rethink their discourse in the market, in line with their customers’ trust strategies”, the analyst said. “[Buyers] need to have having a cybersecurity maturity model in line with their digital transformation plans, which will allow them to better understand how they can be more efficient in managing their budgets.”

Credit: Zdnet

Previous Post

Marriott Suffers Second Breach Exposing Data of 5.2 Million Hotel Guests

Next Post

What Is Marketing Orchestration? | Infographic

Related Posts

Google addresses customer data protection, security in Workspace
Internet Security

Google addresses customer data protection, security in Workspace

March 2, 2021
Australia’s new ‘hacking’ powers considered too wide-ranging and coercive by OAIC
Internet Security

Australia’s new ‘hacking’ powers considered too wide-ranging and coercive by OAIC

March 2, 2021
Scientists have built this ultrafast laser-powered random number generator
Internet Security

Scientists have built this ultrafast laser-powered random number generator

March 2, 2021
SolarWinds security fiasco may have started with simple password blunders
Internet Security

SolarWinds security fiasco may have started with simple password blunders

March 2, 2021
Singapore eyes more cameras, technology to boost law enforcement
Internet Security

Singapore eyes more cameras, technology to boost law enforcement

March 2, 2021
Next Post
What Is Marketing Orchestration? | Infographic

What Is Marketing Orchestration? | Infographic

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

Google addresses customer data protection, security in Workspace
Internet Security

Google addresses customer data protection, security in Workspace

March 2, 2021
New ‘unc0ver’ Tool Can Jailbreak All iPhone Models Running iOS 11.0
Internet Privacy

New ‘unc0ver’ Tool Can Jailbreak All iPhone Models Running iOS 11.0

March 2, 2021
Why Cloud Data Discovery Matters for Your Business
Data Science

Why Cloud Data Discovery Matters for Your Business

March 2, 2021
Opportunity, Trends, Share, Top Companies Analysis (Based on 2021 COVID-19 Worldwide Spread) – NeighborWebSJ
Machine Learning

Opportunity, Trends, Share, Top Companies Analysis (Based on 2021 COVID-19 Worldwide Spread) – NeighborWebSJ

March 2, 2021
Australia’s new ‘hacking’ powers considered too wide-ranging and coercive by OAIC
Internet Security

Australia’s new ‘hacking’ powers considered too wide-ranging and coercive by OAIC

March 2, 2021
DSC Weekly Digest 01 March 2021
Data Science

DSC Weekly Digest 01 March 2021

March 2, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • Google addresses customer data protection, security in Workspace March 2, 2021
  • New ‘unc0ver’ Tool Can Jailbreak All iPhone Models Running iOS 11.0 March 2, 2021
  • Why Cloud Data Discovery Matters for Your Business March 2, 2021
  • Opportunity, Trends, Share, Top Companies Analysis (Based on 2021 COVID-19 Worldwide Spread) – NeighborWebSJ March 2, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates