Software Defined Security Market Research Report Size, Share & Global Forecast - 2020-2027

Software Defined Security Market

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 Software-defined security (SDS) models reduces the hardware and operational expense costs, mitigates security threats, and smoothly updates the systems, are some of the features, further propelling the market growth.

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However, the growth of Software Defined Security Market is hindered due to lack of awareness about Software Defined Security Models.

The major players operating in the Software Defined Security Market are Check Point Software Technologies Ltd., Fortinet, Inc., Cisco Systems, Inc., Intel Corporation, Juniper Networks, Palo Alto Networks Inc., VMware, Inc., Broadcom Inc., Dell Technologies Inc., and International Business Machines Corporation, among others.

Deployment Mode – Segment Analysis

Based on Deployment Mode, the Cloud segment is anticipated to expand at a remarkable CAGR during the forecast period attributed to rising trend of Work from Home (WFH) and increasing investments by organizations on improving the cloud infrastructure.

End-User – Segment Analysis

As per the Software Defined Security Market Forecast, the Telecom Service Providers segment is predicted to capture the largest market share over the forecast period. The growing use of Software Defined Security models in the Telecom Industry because it reduces the administrative costs on infrastructure and mitigates the treats of cyber-attacks, are some of the factors responsible for the growth of the segment.

Regional – Segment Analysis

Based on Region, the North American region is estimated to expand at a significant CAGR during the forecast period. Rise in the number of cybercrimes, rapid growth in the Telecommunication and Manufacturing industries, presence of the major corporations such as Cisco Systems, Inc., Intel Corporation, and high per capita incomes are some of the important factors augmenting the market growth in North America.

Market Segmentation

Segmentation by Deployment Mode

  • Cloud
  • On-Premises

Segmentation by End-User

  • Telecom Service Providers
  • Cloud Service Providers
  • Providers Enterprises

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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