Intelligent CIO LATAM Issue 47 | Page 56

INTELLIGENT BRANDS // Enterprise Security

Brazil application security market worth $ 1.49 billion by 2029 – ResearchAndMarkets. com

From 2020 – 2024, the market achieved a CAGR of 16.2 % and this positive trend is poised to continue with a projected CAGR of 14.6 % from 2025 – 2029.

The application security market in Brazil is on a significant upward trajectory, a report by ResearchAndMarkets. com finds.

In 2025, the market is expected to grow by 17.6 % annually to reach $ 748.2 million.
From 2020 – 2024, the market achieved a CAGR of 16.2 %, and the report says this positive trend is poised to continue with a projected CAGR of 14.6 % from 2025 – 2029.
By the end of 2029, ResearchAndMarkets. com anticipates sector growing from its 2024 value of $ 636 million to approximately $ 1.49 billion.
The report references Brazil as undergoing rapid digital transformation as organizations increasingly adopt cloud computing, mobile applications and API-driven platforms to streamline operations and drive innovation. In 2024 – 2025, this digital surge not only reshaped traditional business models, but also expands the digital attack surface, making robust application security a strategic imperative, the report says.
and private sectors. National agencies and regulatory bodies are strengthening efforts to protect critical infrastructure and sensitive information, driving investments in advanced security technologies.
The report references recent initiatives in 2024 – 2025 as underscoring a commitment to elevating cybersecurity standards across industries.
The landscape is also characterized by increased awareness among organizations regarding the need for comprehensive cybersecurity frameworks.
As businesses expand their digital presence, the country is witnessing significant investments in technologies such as machine learning, zerotrust architectures and cloud-native security solutions, the report says.
The Brazilian market presents substantial opportunities for application security providers amid growing digitalization and rising cyber threats.
ResearchAndMarkets. com references Tempest Security Intelligence, a leading local cybersecurity firm that has successfully localized its application security solutions for Brazil’ s unique threat landscape.
The report says Tempest has tailored its offerings to the finance, telecommunications and e-commerce sectors, addressing global and regional security challenges – helping its clients strengthen their digital resilience by leveraging AI-driven threat detection and realtime monitoring.
Tempest’ s proactive approach has mitigated risks and built robust customer trust, showcasing the market potential for scalable, adaptive application security solutions in Brazil, the report says.
Brazil’ s cybersecurity landscape is said to evolving rapidly, supported by government initiatives and collaborative efforts between public
Despite progress, Brazilian organizations face several challenges in implementing robust application security. Legacy systems and fragmented IT infrastructures often hinder the seamless integration of modern security measures, leaving exploitable gaps.
The report says the rapid pace of digital transformation can outpace traditional defenses, thereby increasing vulnerabilities. Additionally, a persistent shortage of skilled cybersecurity professionals and budget constraints – particularly among small and mid-sized enterprises – further complicate deploying advanced security solutions.
These challenges require coordinated investments in technology modernization and workforce development to keep pace with emerging threats, the report says.
Recent market analyses indicate Brazil’ s application security segment is experiencing robust growth in 2024 – 2025. The report says organizations are significantly increasing their cybersecurity budgets as the frequency and sophistication of cyber threats escalate. p
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