Software Defined Security Market is estimated to reach at USD 4,990 Million by 2027 at a 33.1% CAGR during the forecast period.

Introduction of the Software Defined Security Market Report

Software defined security refers to the type of security model in which the information security is implemented, controlled, and managed by security software in a computing environment. In the software defined security, the functions of network security devices, includes firewalling, intrusion detection, network segmentation, and access controls that are extracted from hardware devices to a software layer and are automated and monitored through software to enhance network security. The software defined security market basically covers two deployment mode including cloud and on-premises.

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Market Dynamic

Key Drivers and Emerging Trends

Growing efficient mitigation of security threats and attacks, and the increasing use of cloud computing services are some of the key factors that are expected to drive the growth of the global software defined security market size during the forecast period. The virtualization offered by software defined security reduces device footprint, remote management, capital and operational expense, simplified deployments, central management of security, and easier updating of the system. This factor is further expected to support the growth of the software defined security market size. Moreover, various enterprises including telecommunication, banking, and insurance are increasingly implementing software defined security for automating and enhancing security architecture owing to the rise in the number of mobile devices, growing trend of work from home and BYOD, and increasing demand for server visualization across the globe. This is anticipated to provide huge opportunities for the growth of the software defined security market share.

Restraint in the Software Defined Security Market

However, low awareness and lack of industry regulations regarding software defined security may hamper the growth of the market. Moreover, lack of hardware security due to the elimination of the physical routers and switches and rising concern for cyberattack due to the centralized nature of an SDN controller are further expected to restraint the market growth.

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Deployment Mode – Segment Analysis

Based on deployment mode, the cloud segment is projected to witness faster CAGR over the forecast period primarily due to the surging demand for Software-as-a-Service (SaaS)-based solutions and growing market of cloud based infrastructure in enterprises. Additionally, centralized security management, cheaper security solution, and growing WFH (work from home) initiatives in enterprise business function are further boosting the market growth.

End-User – Segment Analysis

Based on the end-user, the telecom service providers is expected to dominate the market owing to the growing awareness about telecom cloud, demand for lower operational and administrative costs on infrastructure, and increasing risk of cyber threats. Moreover, increasing implementation of software defined networking for programmability of multiple network layers and accelerating service-driven virtual networks in telecom industry is further contributing to the adoption of software defined security.

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Regional – Segment Analysis:

Based on region, North America is anticipated to grow at a higher CAGR during the forecast period. This can be attributed to the increasing incidences of cyberattacks and rapid technological advancement in enterprises including telecommunication, manufacturing, energy, and utilities in the region. In addition, presence of leading players such as Cisco Systems, Inc., Intel Corporation, VMware, Inc., and International Business Machines Corporation is further accelerating the growth of the market in the region.

Top Market Players

Several Leading players operating in the market include Cisco Systems, Inc., Intel Corporation, VMware, Inc., Broadcom Inc., Dell Technologies Inc., Check Point Software Technologies Ltd., Fortinet, Inc., Juniper Networks, Inc., Palo Alto Networks Inc., and International Business Machines Corporation, among others. 

Key Developments:

• • In 2019, Broadcom, Inc., one of the leading technology companies designing semiconductor and infrastructure software solutions, acquired the enterprise security business of Symantec Corporation. The addition of Symantec’s enterprise security portfolio is expected to expand Broadcom’s infrastructure software solution market segment.

Segments covered in the Report:

The global Software Defined Security Market has been segmented on the basis of deployment mode, end-user, and regions. Based on deployment mode, the market is segmented into cloud and on-premises. Based on the end user, the market is segmented into telecom service providers, cloud service providers, and providers enterprises. 

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Key questions answered in this research report:

• • At what pace is global Software Defined Security Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Software Defined Security Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Software Defined Security Market?
  • Which deployment mode generated maximum revenues in 2019 and identify the most promising deployment mode during the forecast period?
  • What are the various end-users of global Software Defined Security Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Software Defined Security Market by Deployment Mode

• • Cloud
  • On-Premises

Global Software Defined Security Market by End-User

• • Telecom Service Providers
  • Cloud Service Providers
  • Providers Enterprises

Global Software Defined Security Market by Region

• • North America Software Defined Security Market (Option 1: As a part of the free 25% customization)
    • North America Market by Deployment Mode
    • North America Market by End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Software Defined Security Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Deployment Mode
    • Europe Market by End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Software Defined Security Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Deployment Mode
    • Asia-Pacific Market by End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Software Defined Security Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Deployment Mode
    • RoW Market by End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Software Defined Security Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems, Inc.
  • Intel Corporation
  • VMware, Inc.
  • Broadcom Inc.
  • Dell Technologies Inc.
  • Check Point Software Technologies Ltd.
  • Fortinet, Inc.
  • Juniper Networks, Inc.
  • Palo Alto Networks Inc.
  • International Business Machines Corporation