How Much Revenue is Asia-Pacific Electric Three-Wheeler Market Expected to Generate

 One of the biggest factors responsible for the growing adoption of electric three-wheelers in the Asia-Pacific (APAC) region is the rising number of government policies and incentives in the form of tax rebates and subsidies, encouraging the adoption of electric vehicles in several countries in the region. For instance, according to the Faster Adoption and Manufacturing of (Hybrid &) and Electric Vehicles (FAME) in India, the government is offering subsidies in the range of $370–$900 on the purchase of electric vehicles in the country.

 

The other major factor fuelling the rise in the demand for electric three-wheelers in the APAC region is the low ownership costs of the electric vehicles. The operational expenses associated with an electric three-wheeler are almost 6 times lesser than that of the vehicles running on diesel/gasoline, on account of the lower costs of the stored electric charge than the gasoline. Moreover, the maintenance cost of an electric three-wheeler is also lesser than that of the diesel/gasoline powered vehicles and this further pushing their demand in the region.

Electric three-wheelers are either powered by sealed lead–acid (SLA) batteries or lithium-ion (Li-ion) batteries. Of these two types of batteries, the SLA batteries registered higher sales in 2017, as they are cheaper. However, the li-ion batteries, owing to their rapidly reducing prices, are expected to record faster growth in usage in the APAC electric three-wheeler market in the near future. Additionally, the Li-ion batteries offer numerous advantages over the SLA batteries such as lighter weight, higher energy density, much lower environmental damage, and greater life span and thus, these batteries are observing soaring demand across the world.

 

The motors integrated in electric three-wheelers operating in APAC come in three power ratings: less than 1,000 watts, between 1,000 and 1,500 watts, and greater than 1,500 watts. Amongst these, electric three-wheelers equipped with motors having power in the range of 1,000—1,500 watts registered the highest sales in 2017. This is primarily ascribed to the operational cost benefits of the electric three-wheelers equipped with these motors. However, due to the rising need for high-speed electric three-wheelers, the demand for higher power motors will rise rapidly in future.

 

Therefore, it can be said with full surety that due to the rising need for eco-friendly modes of transportation and the presence of numerous government incentives supporting the adoption of electric vehicles in several APAC countries, the demand for electric three-wheelers will boom in the APAC region in the coming years.

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What is Trendy in Shower Glass Doors

 Attaining your dream bathroom and producing an oasis in your own home isn’t as hard as it seems to you. Just by adding glass shower doors, it is possible for you to promptly advance your bathroom.  For taking it to the next level, consider creating these fashionable shower doors as the focal point in your design.

·        If you desire to advance to a contemporary look, frameless shower doors are really the way forward. With no bulk, it’s an uncluttered design that people love. These are certainly prevalent for glass shower door inclusions, but they also work with tub or partial enclosures. Not only is this design fashionable, but it’s also adaptable and enduring. A frameless shower door can uplift any shower design.

 

·        Frosted shower doors are coming back in trend. By adding an exclusive design, you can let your nature shine on glass shower door. And all the while, you’re still ordering privacy. Frosted shower doors are handy but can also be fashionable.

 

·        A partial enclosure is effectual and appears sleek. These are correspondingly very purposeful. Your go-in-the-shower won’t have any shelf to go beyond. This gives a feeling of having a spa right in your home. With no moving parts, you won’t have to be concerned about splashing around of water.

 

·        These days, saving space is the desire of everyone. Corner showers are just a perfect solution for that. Or, if the shower is not located in the corner already, you can use bifold doors or sliding glass doors. The way in which the glass shower door is equally important to the kind of shower you choose.

 

·        French shower doors are not just a great enunciation piece for your dining room or living room. You can always consider French glass doors as the shower door. These are indeed hot and trending in the contemporary scenario but are similarly everlasting and classy at the same time.

 

·        Having a towel, and bar handle combo isn’t an inclination, just something that should be on each glass shower door. You don’t desire to have water splashing everywhere when you go to reach for your towel that’s just out of reach. In its place, make sure you have a handle and towel bar combo installed.

 

·        If you choose to go with an enclosed or semi-framed shower, it’s becoming prevalent to make use of gold and brass inflections on the pivots. People love mixing of metals in their bathrooms, also. Some individuals have copper fittings, but gilded frames. Those warm accents are making a retaliation and we love it

 

Mexico is a country that has a developing tourism industry and construction industry. These two factors have a lot to do with the growing demand for glass shower doors in Mexico. The value of the market will reach about $483 million in 2030.

 

 There are a lot of trends like the ones mentioned above pertaining to the glass shower doors in not only Mexico but the whole world.

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Mexico Set to Witness Rapid Surge in Demand for Enterprise Asset Management Solutions in Future

 The increasing usage of enterprise asset management for the effective utilization of assets and the growing requirement for reducing the operating costs are the main factors fueling the popularity of enterprise asset management solutions in North America. Enterprise asset management solutions for the optimum asset utilization include maintenance agreement management, asset inventory tracking, tracking of invoice charges and meter readings, analysis of funding and invoice information, and the examination of trends in excess charges and invoice payments.

With the help of such solutions, the enterprise asset management system creates various dedicated reports that allow the decision-makers to compare the predicted billing and invoice amounts and view each group of assets or asset to identify unusual activities for reducing the incidence of frauds, abuse, and waste. Besides these, enterprise asset management solutions also allow businesses to reduce the operational costs by increasing the return on investment (ROI) from equipment and plant.

Assets maintenance, repair, and operations (MRO) is predicted to demonstrate the highest growth in the future. When industry is taken into consideration, the North American enterprise asset management market is categorized into oil and gas, government, healthcare, manufacturing, transportation and logistics, and energy and utilities. Amongst these, the healthcare category is predicted to exhibit the fastest growth in the market in the upcoming years, on account of the rising requirement for asset tracking and medical equipment management in healthcare facilities.

The North American enterprise asset management market is predicted to register the highest CAGR in Mexico in the forthcoming years. This would be because of the rapid expansion of various asset-intensive industries such as manufacturing, oil and gas, and transportation and logistics in the country. In 2017, the oil industry in Mexico accounted for over 30% of the total government revenues. EAM solutions allow the efficient management and planning during production and drilling.

Therefore, it can be inferred that the popularity of enterprise asset management solutions would explode in North America in the forthcoming years, mainly because of the rising requirement for effective asset utilization and management among businesses operating in the region.

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FIFA World Cup 2022 Set to Propel Demand for HVAC Maintenance Services in Qatar

 The expansion of the construction industry is one of the biggest factors responsible for the soaring demand for heating, ventilation, and air conditioning (HVAC) services in Qatar. Moreover, with the sharp surge in infrastructural development and construction activities, the HVAC industry is exhibiting rapid expansion in the country. The industry is predicted to grow at nearly 7.7% rate between 2018 and 2023. Furthermore, the construction industry registered a year-on-year growth of 20% from 2017 to 2018.

The industry was being driven by Qatari government’s National Vision 2030, under which, the government plans to develop non-oil sectors in the country in order to reduce the country’s reliance on the oil and gas industry and to develop infrastructure for hosting the FIFA World Cup 2022. Some of the major construction projects launched recently in the country are Sheraton Park (2016), Hamad International Airport (2014), and Sidra Medical Research Centre (2018).

The country also hosted the World Athletics Championships in 2019, which created lucrative growth opportunities for the HVAC maintenance service providing organizations in the country. This event attracted a large number of tourists and was responsible for the construction of several new hotels and resorts. Moreover, it fueled the expansion of the tourism and hospitality sector and the food and beverage industry in the country. This pushed up the demand for HVAC systems and associated maintenance services in the country.

Due to the aforementioned factors, the Qatar heating, ventilation, and air conditioning (HVAC) maintenance service market is demonstrating rapid expansion. Out of the heating, ventilation, and cooling systems, the sales of the cooling systems were found to be the highest in the country in the past years. Variable refrigerant flow (VRF), split units, room ACs, ducted split/packaged units, and chillers are the most widely used cooling systems in the country. 

Amongst these, demand for the maintenance of ducted split/packaged units was the highest during the last few years. Depending on end-user type, the Qatar HVAC maintenance service market is divided into residential, industrial, and commercial (commercial buildings/offices, supermarkets/hypermarkets, and healthcare, transportation, government, and hospitality organizations) categories. Amongst these, the commercial category recorded the highest growth in the market in the years gone by, due to the huge requirement for HVAC maintenance services in commercial buildings and offices in the country. 

On the other hand, in the future years, the hospitality sector will exhibit rapid expansion in the Qatar HVAC maintenance service market, as per the estimates of the market research company, P&S Intelligence. As the country prepares for the FIFA World Cup 2022 and Vision 2030, the hospitality industry will exhibit unprecedented growth. According to reports, the country will witness the construction of 62 hotels, including 7-star, 5-star, and 4-star hotels, and 13,733 guestrooms in the coming years.

Hence, it can be said with full surety that the demand for HVAC maintenance services will shoot-up in Qatar in the coming years, primarily because of the soaring usage of HVAC systems and the boom in the country’s construction and hospitality industries. 

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With Cell Fusion and DNA-Recombinant Technologies, Biopharmaceuticals Ensuring You Get Personalized Medications Having Minimal Side-Effects

 The rising prevalence of neurological disorders is rapidly becoming a major health problem across the world. According to the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) 2016, neurological diseases were the main cause of disability-adjusted life years (DALYs) in people and the second-major cause of deaths in 2016. The study also found that the total number of DALYs and deaths caused due to neurological disorders grew by as much as 15% from 1990 to 2016.

This growing incidence of neurological disorders is massively pushing up the requirement for biopharmaceutical products. This is because these products have been found to be very useful for the management and treatment of several neurodegenerative disorders. Moreover, unlike the conventional medications, these drugs can be directly administered into the brain of a patient. Apart from neurological disorders, the rising prevalence of cancer and infectious diseases is also boosting the demand for biopharmaceuticals across the globe. 

With the growing popularity of these drugs, medical researchers and scientists are conducting extensive research and development (R&D) activities in these products which will help them develop more technologically advanced biopharmaceuticals in the coming years. Furthermore, these rapid technological innovations and advancements are significantly increasing the survival rate of cancer and hepatitis patients all over the world. Many companies are making huge investments in the development and production of biopharmaceuticals. 

The main purpose behind these massive investments is to formulate medications and treatment procedures for many fatal diseases, especially the ones whose prevalence is rising at an alarming rate throughout the world. In addition to this, these investments are also being made for facilitating the mass production and commercialization of effective medications that have the ability to treat various life-threatening diseases and improve the survival rate of the patients suffering from them.

Because of the aforementioned reasons, the global biopharmaceuticals market will exhibit rapid expansion in the future, according to the forecast of the market research firm, P&S Intelligence. Due to the growing adoption of sedentary and unhealthy lifestyles and the rising consumption of fast foods, the incidence of chronic diseases is rapidly shooting-up, which is, in turn, boosting the worldwide sales of biopharmaceuticals. Industry experts predict that the oncology applications will generate significantly high demand for biopharmaceuticals in the future years.

Recombinant proteins, recombinant human insulin, colony-stimulating factor, growth hormones, interferon, erythropoietin, purified proteins, vaccines, and monoclonal antibodies are the main types of biopharmaceutical products available in the market. Out of these, the sales of the monoclonal antibodies are currently very high around the world. In the near future, the sales of the recombinant human insulin will soar rapidly, on account of the growing incidence of diabetes all over the world.

Due to the surging geriatric population and the high occurrence rate of chronic ailments, the North American biopharmaceuticals market is currently very lucrative. Furthermore, the extensive R&D activities being conducted in the regional countries, on account of the huge investments being made by many pharmaceutical companies and organizations, and the rapid technological advancements in biopharmaceuticals are causing the development of medications having high efficiency. This is subsequently fueling the sales of biopharmaceutical products in this region.

Hence, due to the growing prevalence of infectious diseases, chronic ailments, and neurological disorders, the surging geriatric population, and soaring investments being made in drug discovery and development, the demand for biopharmaceutical drugs will swell tremendously in the forthcoming years. 

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Demand for Blockchain in Healthcare Predicted to be Highest in Europe

 These days, enterprises are increasingly witnessing data breaches and hence are looking for solutions that can aid in securing data. Since a lot of companies deal with sensitive information regarding their customers, governments across the globe are also implementing various strict regulations for safeguarding this information. For example, a new European Union (EU) data protection rule came into effect in May 2018, namely the General Data Protection Regulation, which aims at protecting the citizens of EU from data and privacy breaches. Because of such regulations, companies in several industries, including the healthcare industry, are investing in data security solutions.

The major end users of the blockchain technology in the healthcare industry are healthcare payers, pharmaceutical companies, and healthcare providers. Out of all these, pharmaceutical companies are projected to make the most use of the blockchain technology in the years to come. These companies are increasingly adoption and exploring the blockchain technology, primarily in the areas of drug discovery and clinical trials and supply chain management. For example, Pfizer Inc. is a member of the MediLedger Project, which is a decentralized and open network for the pharmaceutical supply chain.

Geographically, North America made the most use of the blockchain technology in the past, however, the European region is projected to emerge as the largest blockchain in healthcare market in the near future. This is particularly ascribed to the fact that a large number of public and private sector players are widely implementing various blockchain initiatives in the region. Other than this, the use of the blockchain technology is also expected to increase considerably in the Asia-Pacific region in the coming years, owing to the unmet needs in areas of drug supply chain management and clinical data exchange and interoperability.

In conclusion, the demand for the blockchain technology in the healthcare industry is g

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What are Factors Responsible for Boom of Global Waste Heat Recovery Market?

 The ability of waste heat recovery to reduce the cost of operations in numerous industries is one of the major factors responsible for the surge in the demand for waste heat recovery across the globe. Since the last few years, there has been a huge increase in the cost of input energy materials such as oil and gas, electricity, and coal and this has consequently increased the operational cost of an industry. Waste heat recovery promotes efficient utilization of the available energy and provides climate protection solutions, thereby leading to sustainable development.

The other major factors boosting the adoption of waste heat recovery techniques in industrial processes are the rising government initiatives aimed at encouraging the incorporation of waste heat recovery for promoting the efficient use of energy and reducing the pollution levels, technological advancements in waste heat recovery processes, and the enactment of strict laws and regulations by the governments of several countries for reducing the greenhouse gas emissions. Driven by these factors, the global waste heat recovery market is expected to register huge growth in the coming years.

Waste heat is widely generated from several industrial processes, such as fume incinerator, cooling water from furnaces, combustion engines, exhausts from glass melting furnaces, convective, radiation, and conductive heat losses, combustion and cement kiln, and processes off-gases. Waste heat recovery systems play a major role in reducing the waste heat loss. In waste heat recovery processes, the waste heat is captured and then reused for various purposes in a plethora of applications such as load preheating, combustion air preheating, water preheating, space heating, steam generation, and power generation. 

There are various kinds of heat recovery systems commonly used, namely heat recovery steam generators, turbines, and mechanical warming boilers. Waste heat recovery processes and systems are used in a wide array of industries such as petroleum refining, casting, pulp, and paper, cement, chemical, and metal production, and natural gas compression. The petroleum refining industries recorded the highest utilization of waste heat recovery methods in 2015 and this trend is expected to continue over the next few years.

Globally, Europe registered the highest adoption of waste heat recovery systems and processes in the past, owing to the presence of a large number of environmental regulations aimed at curbing harmful industrial emissions and the earlier introduction of waste heat recovery technology in this region. Asia-Pacific (APAC) is expected to record rapid growth in the adoption of this technology in future, primarily on account of the flourishing cement industry in the region. The presence of strict environmental regulations and the huge energy demand are the other factors propelling the growth of waste heat recovery market in the region.

Therefore, it can be concluded that due to the burgeoning need for effective energy utilization and rising awareness regarding environmental pollution caused by industrial emissions, the demand for waste heat recovery technology will surge in future.

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Shrinking Arable Land Area Driving Agricultural Micronutrient Demand

 “The world’s population is expected to grow to almost 10 billion by 2050, boosting agricultural demand – in a scenario of modest economic growth – by some 50 percent compared to 2013.”, says the Food and Agriculture Organization (FAO, part of the United Nations. However, meeting this requirement might not be that easy, considering that the arable land is already being overexploited to feed the existing population. More crop cycles than the land in a particular area is suitable for, heavy chemical fertilizer and biocide usage, and general soil pollution are harming the fertility of farmlands.

Due to the reducing area under active cultivation and rapid surge in the number of people who need to be fed, alternative methods of augmenting the crop yield of the available farming area are being adopted. One such method is supplying some of the nutrients to the soil that are lost during repeated sowing and reaping cycles. As the word suggests, micronutrients are those nutrients that are needed in minute amounts for plant growth. But their absence or lack can have disastrous consequences on the productivity of the farm.  

The micronutrients, which include iron, zinc, molybdenum, boron, and manganese, are available in the diethylenetriaminepentaacetic acid (DTPA), ethylenediaminetetraacetic acid (EDTA), N,N′-bis(2-hydroxyphenyl)ethylendiamine-N,N′-diacetic acid (HBED), ethylenediamine-N, N'-bis (2-hydroxyphenylacetic acid) (EDDHA), and non-chelated form factors. Among these, non-chelated micronutrients have been consumed the most in the past, as this the most-cost-effective form factor. In the coming years, the demand for HBED variants will increase fast on account of their highest stability constant of all and lowest ultraviolet (UV) sensitivity. Additionally, the absence of an isomer leads to the 100% bioavailability of such micronutrients. 

All these micronutrients are required for the cultivation of fruits and vegetables, cereals and grains, and oilseeds and pulses. In the past, much of these substances have been used for cereal and grain production, and the situation in the next few years will be the same. This is attributed to the increasing production of cereals to feed the growing population and meet the rising demand for biofuels. As per the FAO, continuing at a growth rate of 44 kg per year, cereal production will rise to 3.8 billion tonnes by 2050.

 Around the world, Asia-Pacific (APAC) is to remain the largest agricultural micronutrients market in the years to come. Being the most populated region, the demand for produce is the highest here, which is why farmlands are put through extensive sowing and reaping. This has resulted in a perpetual loss or a lower-than-sufficient availability of micronutrients in the soil, which are now being supplied externally. Within APAC, China has been the largest user of agricultural micronutrients, being home to the most people and largest farming workforce, thus becoming the largest agricultural producer on earth.

Thus, to feed the growing population from the diminishing area of farmlands, the need for supplying nutrients to the soil externally will only rise.  

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Demand for Animal Pharmaceuticals Expected to Increase in Asia-Pacific

These days, the adoption of animal as pets has been increasingly rapidly, as people are getting more attached to animals. A number of studies have shown that adopting a pet make a person happier and even elongate their lives. Pets are of specific help to people who suffer from stress, depression, anxiety, or any other mental health issue. The affectionate nature of pets, especially dogs, can considerably aid in dealing mental health issues. Furthermore, pets can have a significant effect on the psyche of children and can help them in learning valuable life lessons.

Just like humans, animals suffer from health problems and need regular health checkups, which is why the animal pharmaceuticals market is growing rapidly. Pharmaceuticals for animals are utilized for treating, diagnosing, and curing veterinary disorders and diseases. In addition to this, the consumption of protein-rich foods, such as meat, eggs, and milk is on a rise all across the globe. Animals that are reared for the purpose of consumption need to be free of any kind of diseases, otherwise, the disease may be transmitted to human beings. This is further resulting in the rising demand for animal pharmaceuticals.

A number of animal pharmaceuticals are present in the market, including endoparasiticides, ectoparasiticides, bronchodilators, and anti-inflammatories. Out of these, the demand for ectoparasiticides has been the highest up till now. These pharmaceutical products are further of different types, namely coumaphos, ivermectin, fipronil, and cypermethrin. A major reason for the growing demand for all these pharmaceuticals is the increasing awareness in emerging economies regarding new diseases. Owing to this, pharma companies are increasingly investing and engaging in research and development activities for the development of new drugs. The main focus of these activities is to be prepared in case animals start getting affected by new diseases.

It is due to such factors that the global animal pharmaceuticals market is predicted to register considerable growth in the years to come. On the basis of animal type, the market is divided into production animals, including poultry and livestock, and companion animals, including equine, canine, and feline. Among these, the companion animals’ category accounted for the larger share of the market in the past. Other than this, the production animals’ category is expected to advance at a faster pace in the years to come, which can be attributed to the increasing awareness regarding livestock-related diseases.

Geographically, North America held the largest share of the market in the past, owing to the swift urbanization, surging consumption of meat and milk products, and higher standard of living. Apart from this, the demand for animal pharmaceuticals is also projected to rise substantially in Asia-Pacific, thereby making the region the fastest-growing animal pharmaceuticals market in the near future. This can be owing to the growing export of animal products, which is compelling farm worker and owners to maintain the health of farm animals. Moreover, the improving li

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Demand for Low-Speed Electric Vehicles in Asia-Pacific Growing due to Favorable Government Policies

 The adoption of electric vehicles in Asia-Pacific (APAC), particularly in countries including India and China, has increased considerably over the past few years. This can be primarily be attributed to the increasing awareness among people regarding the swift deterioration of the environment. In addition to this, governments of different countries are also trying to encourage the adoption of electric vehicles for keeping the air quality in check and reducing the surging air pollution levels. Governments are providing incentives such as subsidies, tax rebates, and grants on the purchase of electric vehicles in the APAC region. 

Different types of two-wheeler LSEVs are mono wheel, scooter, motorcycle, kick scooter, and bike. A major for the growing adoption of these vehicles is the decline in prices of batteries. Because of technological advancements, manufacturers have been able to reduce the price of batteries, which are the main power source for LSEVs. Other than this, the demand for lithium-ion (Li-Ion) batteries over sealed lead-acid (SLA) batteries has been growing as well. Li-Ion batteries are smaller in size and lighter in weight as compared to SLA batteries, owing to which, their demand is projected to increase significantly in the coming years, despite their higher cost. 

LSEVs have different voltages– 72 V, 60 V, 48 V, 36 V, and 24 V. Among all these, the demand for LSEVs with voltage 48 V was the highest in the past, and adoption of these vehicles is further expected to be the highest in the near future as well. 48 V batteries are highly preferred by electric three-wheeler and two-wheeler original equipment manufacturers. Other than this, the demand for batteries with 72 V is also projected to increase significantly in the coming years, which is because of the increasing demand for high-speed micro-cars and scooters in APAC. 

Within the region, China has emerged as the largest APAC LSEV market in recent years, which can be primarily attributed to the favorable government policies and swiftly increasing urban population in the country. The Chinese government is highly bent upon electrifying public transport, which is expected to lead to the growing adoption of LSEVs in the country in the years to come. In addition to this, a large number of major players in the domain are concentrated in China. 

Hence, the demand for LSEVs in APAC is increasing because of the degradation of the environment and supportive government policies. 

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Why Is Demand for Cyber Security Solutions in South America Rising?

From 4.528% in 2001, the percentage of the Brazilian population with access to the internet rose sharply to 67.471% in 2017, as per the World Bank. Similarly, the numbers for Argentina stood at 9.781% in 2001 and 74.295% in 2017. The increasing penetration of the internet in South America has been followed by rapid digital transformation and the internet of things (IoT) revolution. An increasing number of companies are migrating their data to computer servers, while internet-connected sensors are being used in the region for smoother traffic and more-efficient industrial operations.

Numerous technology companies are entering the region with an array of cybersecurity solutions and services to deal with such cyber threats. Of these, solutions currently witness the higher demand on account of the rising adoption of comprehensive packages to thwart any intrusion attempt at networks and servers. The wide range of cybersecurity solutions available includes identity and access management (IAM), risk and compliance management, security and vulnerability management, firewall, intrusion detection system (IDS)/intrusion prevention system (IPS), encryption, disaster recovery, unified threat management (UTM), distributed denial of service (DDoS) mitigation, web filtering, data loss prevention, and antivirus/antimalware.

The key trend in the South American cyber security market is the integration of such solutions with machine learning (ML) and artificial intelligence (AI). Along with encryption models, AI helps detect potential attacks and take action to prevent them. Further, by learning from such encounters, the AI component automatically scans the IoT environment and encrypted internet traffic for unusual patterns, thus improving the network security infrastructure. Similarly, in an age when the amount of data consumed is rising massively, ML is being leveraged to process and study the data to predict and identify anomalies, for better cyberattack analysis.

Due to such technological advancements, cybersecurity solutions are becoming popular in the region’s government, aerospace and defense, IT and telecom, banking, financial services, and insurance (BFSI), retail, healthcare, education, manufacturing, and hospitality sectors. Among these, aerospace and defense companies generate the highest demand for cybersecurity solutions and services owing to the rising investments in cyber defense. Additionally, BFSI firms also require a robust cybersecurity infrastructure, as their servers hold massive amounts of consumers’ financial data, which is the first thing cybercriminals look for.

Brazil held the largest share in the South American cyber security market during the historical period, and it will maintain its dominance. In 2017, almost 50% of the cyberattacks in the region were targeted at Brazil, while during 2015–2016, attacks on the websites of Brazilian companies and government agencies skyrocketed by 270%! During the forecast period, the highest CAGR in the market is projected to be witnessed in Peru owing to the increasing number of internet users and adoption of advanced technology in its public sector.

Thus, as digital transformation in the region attracts cybercriminals, the de

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