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Software-Defined Security Market, Demand, Growth, Key Opportunities, Key Players and Industry Analysis By 2022

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Software-Defined Security Market, Demand, Growth, Key Opportunities, Key Players and Industry Analysis By 2022

Software-Defined Security Market

The global software defined security market was analyzed by Market Research Future (MRFR) and it was projected that a staggering CAGR of 31.40% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the software defined security market was further stated to surpass its previous valuation of USD 2.19 billion in 2017 to reach a projected figure of USD 11.13 billion by 2023.

The key driving factors expected to influence the software-defined security market growth are the expanding cloud-based infrastructure market, surging concerns amongst organizations concerning security of virtualized infrastructure, and an increasing demand for managing unstructured data. This is thus boosting and aiding enterprises to deploy and automate their network security management systems. However, on the other hand, due to lack of industry standards and regulations, various organizations are seen avoiding the use of software-defined security. This can be a major restraining factor to the global software-defined security market.

Market Segmentation

The global software defined security market has been segmented in terms of deployment mode, end-user, enforcement point, and components.

By component, the market divides into services and solutions.

By deployment mode, the market branches into on-premise and cloud modes.

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

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

Regional Analysis

The global software defined security market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

The North American region holds the leading position in the global software defined security market.

The dominance of the regional market in this sector is due to the significant improvement of various technological aspects. Both the people and organizations in North America have this willingness to adopt and integrate the latest technological updates and implement the same in their individual work culture. Owing to this, software-defined security has been experiencing massive growth in this region. Furthermore, due to the region’s infrastructural superiority, North America is reportedly recording considerable proliferation of the sector across different industry verticals. The region also hosts a strong presence of a vast pool of leading market players. These players are shaping both the continental market, as well as, ensuring in leaving indelible imprints in the international market.

Europe stands next to North America in the global software defined security market. The rising awareness concerning the potential benefits of SDNs is primarily driving the growth of the market for this region. The regional market is further expected to continue growing and expanding in the coming years.

Lastly, the Asia Pacific region is expecting to be the fastest growing market during the assessment period as per MRFR. With the help of their massive industrial growth, developing nations like India and China have started implementing the technology, thereby ensuring a dramatic rise in the regional market. Moreover, a number of companies are based out of Asia Pacific region, one which is anticipated to be a software-defined security market booster in the coming years.

More Information@

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]

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