Growth opportunities in the Software-Defined Security Market look promising over the next six years. This is mainly due to the spreading mitigation of protective threats and attacks along with its utilization by various companies to improve the security architecture.
Software Defined Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Augmenting effective diminution of security menaces and attacks along with the surging implementation of cloud computing services are the two primary drivers responsible for the growth of the global software-defined security market. Also, the virtualization imparted by them helps reduce device footprint, distant supervision, capital and operational cost, simplified usage, central management of safety, and simple update of the system is strengthening the software-defined security market size. In addition, enormous enterprises such as telecommunication, banking, and insurance are essentially employing these systems to mechanize and improve protection architecture led by the accelerating penetration of mobile devices, the rising tendency of BYOD and work from home, and growing demand for server visualization throughout the world. This is forecasted to offer various growth opportunities for the market.
However, insufficient consciousness and inadequacy of industrial rules towards these systems will hinder market growth. Moreover, lack of hardware indemnity owing to the eradication of physical routers and switches with the escalating apprehension for cyberattack due to the centralized nature of an SDN controller may restraint the market growth.
End-User Segment Drivers
Based on the end-user, telecom service providers are projected to lead the market over the forecast period. This is primarily attributed to the rising consciousness about telecom cloud, demand for less functioning and administrative costs on infrastructure, and growing chances of cyber threats. Moreover, their escalating application for the programmability of multiple network layers and aggravating service-driven virtual networks in the telecom industry is driving the market growth.
Regional Drivers
Based on regional coverage, North America is predicted to witness a higher CAGR during the forecast period. This is mainly attributed to the intensifying cases of cyberattacks and swift technological modernizations in organizations, including energy, telecommunication, manufacturing, and utilities. In addition, the prevalence of prominent players such as Intel Corporation, VMware, Inc., Cisco Systems, Inc., and International Business Machines Corporation will propel market growth.
Software Defined Security Market’s leading Manufacturers:
- International Business Machines Corporation
- Juniper Networks, Inc.
- Check Point Software Technologies Ltd.
- Broadcom Inc.
- Intel Corporation
- Palo Alto Networks Inc.
- Fortinet, Inc.
- Dell Technologies Inc.
- VMware, Inc.
- Cisco Systems, Inc.
Software Defined Security Market Segmentation:
Segmentation by Deployment Mode
- Cloud
- On-Premises
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)
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