Market Highlights

In its research report, Market Research Future (MRFR), emphasizes that the global Software Defined Security Market Share 2020 is expected to grow significantly, securing a substantial market valuation from USD 2.19 billion in 2017 to USD 11.13 billion by 2023, and a healthy 31.40%CAGR over the review period.

Segmentation:

The market for software-defined security is segmented on the basis of component, deployment mode, enforcement point, end-user, and region

By component, the market is bifurcated into solutions and services.

By enforcement point, the market is segmented into network security gateways, application and mobile device security, server security, and others.

By deployment mode, the market is bifurcated into cloud and on-premise.

By the end-user, the market is bifurcated into telecom service providers and cloud service providers and enterprises.

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Regional Analysis

The geographical overview of the global Software Defined Security Market Share has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

The market reign of North America in this sector is focused on the substantial development of the technical aspects. Here, people and organizations have a propensity to embrace and incorporate the new developments in work culture. Consequently, substantial growth is witnessed by software-defined protection. Benefiting from the infrastructural dominance, the area is reporting the sector's proliferation across the vertical industry. The area can also boast a strong presence of several business giants that form the continental economy, and leave indelible imprints on the global market. Europe closely follows North America's lead. A growing understanding of its potential benefits for this area is pushing the demand ahead. During the forecast period. APAC is expected to the fastest CAGR. Countries like India and China have started implementing the technology with their considerable industrial growth, which ensures a substantial rise in the regional market. In addition, several companies are centered in this area that can serve as a software-defined booster to the security industry.

Competitive Analysis

The major market players operating in the global Software Defined Security Market Share as acknowledged by MRFR are Intel Corporation (California), Juniper Networks (California), Cisco Systems (California), Dell Inc. (US), Symantec Corporation (California), Check Point Technologies (Israel), and Palo Alto Networks (California).

Other players in the Software-Defined Security market are Catbird Networks Inc (US), Versa Networks Inc (US), Citrix Systems Inc (US), Certes Networks Inc (US), and CloudPassage Inc (US).

Drivers and Restraints

Software-defined security earns major technical boons. The security model includes software that manages the protection of information, and most functions use automation. The main drivers of the software-defined security market are booming cloud-based computing services, increasing business concerns about virtualized internet security, and rising demand for unstructured data management, thus helping companies simplify and deploy their network security management systems. In addition, cloud-based technology adoption includes intrusion detection, demand for unstructured data storage, and simple identity & access storage integration, prevention of data loss, and other software-defined networking technologies in the process as key market influencers. Additionally, software-defined security features such as integrating with other technologies such as identity & access management, data loss prevention, and other software-defined networking solutions are expected to boost the software-defined security market significantly. Nonetheless, due to a lack of industry regulations, many companies are resisting the use of software-defined protection that is supposed to hinder the market growth. The lack of technological expertise is also expected to hamper software-defined security market development. Additionally, industry regulations are unpredictable, since many businesses resist using software-defined protection to protect their data. 

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Software-Defined Security Market Research Report, Component (solutions, services), Enforcement Point (network security gateways, others), Deployment Mode (cloud, on-premise), End-Users (telecom and cloud service providers) — Forecast till 2027

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