According to the study “Managed Security Services (MSS) in Latin America: Telcos’ MSS Portfolios and Market Approach”, Latin America’s data centres are the backbone for essential business operations and they demand for cloud-based services. Multiple industries in Brazil, Argentina, Chile, and other regions in Latin America are utilizing the advanced technologies to gain a competitive advantage. Increasing data breaches and cyber-attacks has led to steady adoption of managed security services due to complexities in cyber-security and explosion of IoT. MMS complexities associated with business applications have increased due to the enormous growth in data volume. This has triggered an increased need for upgrading and renovation of data centres in Latin America.
Latin American managed security services (MMS) is thriving due to increasing usage of mobile wireless devices, equipment and developed infrastructure coupled with advanced technology. Various factors such as socio-economic and cultural or technological factors have witnessed a growth in public safety equipment within the country. Various organizations in Latin America have adopted cloud-based services which has propelled the MMS market over the recent years. The in-house security infrastructure of any organization is complex and the end-users are implementing advanced cloud-based managed security services to acquire potential and affordable security solutions.
Multiple organizations are hostile with mobile workers and increasing remote workforce which has motivated the acceptance of MMS in Latin America. There is an increasing concern about the data thefts and fraud incidents that led to implementing of VPN, email security, and web services, which are a part of managed security services. Latin America’s managed security services market is fragmented due to the presence of numerous vendors. Few companies covered in this report are Telefonica, Movistar, Telecom Argentina, Entel, Tigo, Orange, Century Link, Level 3, Cisco, Fortinet, Checkpoint, Symantec, IBM, Unisys, McAfee, Claro, Cipher, Digiware, Telmex, CNT Ecuador, Tim Brasil, Scitum and Faast.
Telcos in Latin America is well established that offers sophisticated MSS services due to their efficient network management skills, cloud infrastructure, and healthy relationship with multiple organizations. To withstand their market revenues Telcos is offering excellent security solutions. Latin American telcos such as Movistar, Claro, Entel Chile, Telecom Argentina are a few leading players who create vast opportunities in MSS market coupled with strategic initiatives. This trend generated a new source of revenue within the Latin American MSS market by offering sophisticated services.
Almost all the leading and large enterprises have adopted cloud computing for managing high volume of data coupled with focus on information security. All the advanced managed security services in Latin America protect IoT devices, various apps, and data, with enhanced security within the network. These security procedures utilize cryptography techniques for securing communications at the network edge. Latin America is increasingly focusing on construction of green data centres to reduce power consumption and environmental impact. Green data centres include designing, installation of electrical and mechanical systems, and incorporation of security mechanisms. Infrastructure certification plays a vital role in the building of green data center facilities over the next few years.
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Ankur Gupta, Head Marketing & Communications