Argentina Cyber Security Market Size & Outlook, 2023-2030
Argentina cyber security market, 2018-2030 (US$M)
Related Markets
Argentina cyber security market highlights
- The Argentina cyber security market generated a revenue of USD 4,979.2 million in 2023 and is expected to reach USD 12,387.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Cyber security market data book summary
| Market revenue in 2023 | USD 4,979.2 million |
| Market revenue in 2030 | USD 12,387.9 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.2% of the global cyber security market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cyber security market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 19,268.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 50.2% in 2023. Horizon Databook has segmented the Argentina cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is known for its tech-savvy and well-educated population. There is a significant rise in awareness related to the importance of cybersecurity across the country. Various public and private organizations across the country are experiencing a significant rise in cyberattacks and aim to implement advanced security solutions to minimize financial loss, data theft, and device hacking.
For instance, in 2021, the National Argentine Cybersecurity Office underlined that Argentine organizations invested more than USD 60 million in cybersecurity, representing a 10 percent annual rise, and 85 percent of companies in the country reported that they intend to invest in cybersecurity solutions by the next few years.
Furthermore, in 2022, the Argentine Ministry of Security organized a new Federal Cybersecurity Force to equip and train public entities with advanced technologies to deal with the rising cyberattacks. Thus, the abovementioned factors are expected to strengthen the market growth in Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Argentina cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina cyber security market size, by component, 2018-2030 (US$M)
Argentina Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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