The GMI Research expects the software defined security market to expand at a significant rate. From a regional perspective, North America is expected to increase at a higher CAGR due to the rising cases of cyberattacks and continuous technological advancement in companies, such as manufacturing, telecommunication, energy, and utilities in this region.
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Software Defined Security Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)
Key Drivers
Some of the major factors contributing to the growth of the global software defined security market include the growing usage of cloud computing services and the increasingly efficient mitigation of security threats and attacks. The virtualization provided by software defined security decreases device footprint, remote management, capital and operational expense, central management of security, simplified deployments, and easier updating of the system. This factor is surging the growth of the software defined security market size in the upcoming years. Additionally, several companies that include banking, telecommunication, and insurance have introduced software defined security for automating and improving security architecture due to the increasing number of mobile devices, the emerging trend of work from home and BYOD, and rising demand for server visualization worldwide. This is expected to bring various growth opportunities to the market. On the other hand, the factors hindering the growth of the market include limited awareness and restricted industry regulations associated with software defined security. However, the shortage of hardware security due to the reduction of the physical switches and routers and the growing issue for cyberattacks attributed to an SDN controller’s centralized nature will hamper the market growth.
Deployment Mode Segment Drivers
Based on deployment mode, the cloud segment is expected to increase at a higher CAGR in the upcoming years due to the growing demand for Software-as-a-Service (SaaS)-based solutions and the rising market of cloud-based infrastructure in organizations. In addition to this, cheaper security solutions, centralized security management, and increasing work-from-home initiatives in enterprise business functions will further stimulate the growth of the market.
Software Defined Security Market’s leading Manufacturers:
- 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
Software Defined Security Market Segmentation:
Segmentation by Deployment Mode:
- Cloud
- On-Premise
Segmentation by End-User:
- Telecom Service Providers
- Cloud Service Providers
- Providers Enterprises
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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