GMI Research

Software Defined Security Market The Software Defined Security Market is projected to reach USD 4,990 million by 2027, growing at a CAGR of 33.1% over the forecast period (2020-2027). The factors driving the growth of Software Defined Security Market includes increasing use of Software-defined security (SDS) models in the end-use industries such as Telecommunication, Banking, and Insurance, increasing number of mobile devices and rising trend of Bring Your-Own Device (BYOD). According to the report published by Statista, the total number of operational mobile devise worldwide stood at 15 billion in 2021 and is further projected to reach 18.22 billion by the end of 2025, which will boost the Global Software Defined Security Market in the approaching years. Moreover, the increasing concerns related to automated and virtualized infrastructure and rise in the number of cyber-attacks across the globe, are some of the additional factors supplementing the market growth. In addition, the Sof