Argentina Cybersecurity Market Report and Forecast 2025-2034

Argentina Cybersecurity Market Outlook

The Argentina cybersecurity market size is projected to expand at a CAGR of 5.20% between 2024 and 2032.

Key Takeaways

• Digital advancements in various sectors and the increasing need to safeguard data against cyber threats support the demand for reliable cybersecurity solutions.

• In 2021, Argentine companies increased their investment in cybersecurity by 10 percent, with a total expenditure exceeding $60 million, as reported by the National Argentine Cybersecurity Office.

• The Personal Data Protection Law in Argentina is the main legislation that regulates the protection of personal information and is enforced by the Data Protection Authority.

One of the major factors driving the Argentina cybersecurity market growth is the proliferation of wireless networks for mobile devices. As more individuals and organisations rely on mobile devices for their daily activities, data vulnerability increases. This heightened vulnerability has made cybersecurity an essential component for organisations, as they need to safeguard their sensitive information from potential breaches.

Cybersecurity in the BFSI sector is crucial for several reasons as the sector deals with sensitive financial and personal information of millions of customers, making it a prime target for cybercriminals in Argentina. A breach in security could result in huge financial loss for both customers and institutions.

Additionally, the BFSI sector is heavily regulated, with strict compliance requirements to protect customer data. Failure to comply with these regulations can result in hefty fines and legal consequences. Therefore, investing in robust cybersecurity measures is not only necessary for protecting customer data but also for ensuring regulatory compliance.

As per the Argentina cybersecurity market analysis, Identity Access Management (IAM) is an essential component of cybersecurity and is extensively utilised by businesses in Argentina. IAM plays a critical role in any cybersecurity strategy, encompassing technology, policies, business processes, and organisational techniques. Its implementation provides businesses with precise control over user access. Given that most companies have multiple applications, servers, electronic systems, cloud apps, and other resources that necessitate privileged identity management, IAM becomes the optimal solution for ensuring strict controls over access to sensitive data.

Market Segmentation

“Argentina Cybersecurity Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Software

• Hardware

• Services

Market Breakup by Security Type

• Cloud Security

• Data Security

• Identity Access Management

• Network Security

• Endpoint Security

• Infrastructure Protection

• Others

Market Breakup by Solution

• Unified Threat Management (UTM)

• DLP

• Firewall

• Antimalware and Antivirus

• Identity and Access Management

• SIEM

• Risk and Compliance Management

• Others

Market Breakup by Deployment

• Cloud-based

• On-premises

Market Breakup by Enterprise Size

• SMEs

• Large Enterprises

Market Breakup by End Use

• BFSI

• Healthcare

• IT and Telecommunication

• Manufacturing

• Government and Defence

• Others

Competitive Landscape

The market players are increasingly focusing on technological innovations and security improvements to protect businesses from cyber threats, further enabling them to adhere to data protection laws.

• Microsoft Corporation

• IBM Corporation

• Oracle Corporation

• Cisco Systems, Inc.

• McAfee, LLC

• Dell Inc.

• Avast Software s.r.o.

• ZESTDATA

• Panda Security, S.L.U.

• BASE4 Security S.A.

• Others

Key Highlights of the Report