Software-Defined Security Market Overview:
Market Research Future (MRFR) has published a cooked research report on the “Global Software-Defined Security Market” that contains information from 2018 to 2032. The Software-Defined Security market is estimated to register a CAGR of 29.51% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Software-Defined Security market— Intel Corporation (California), Cisco Systems (California), Juniper Networks (California, Dell Inc. (US), Check Point Technologies (Israel), Symantec Corporation (California), Palo Alto Networks (California), Citrix Systems Inc (US), Catbird Networks Inc (US), Certes Networks Inc (US), and Versa Networks Inc (US).
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Key Players:
Key Companies in the Software-Defined Security market include,
- Intel Corporation (California)
- Cisco Systems (California)
- Juniper Networks (California)
- Dell Inc. (US)
- Check Point Technologies (Israel)
Market Highlights:
The global Software-Defined Security market is accounted to register a CAGR of 29.51% during the forecast period and is estimated to reach USD 74.82 Billionby 2032.
The Software-Defined Security market involves a security approach that utilizes software to centrally manage and control security policies, measures, and responses across an organization's network and systems. By dynamically adapting to evolving threats and vulnerabilities, it enhances cybersecurity by providing flexibility, automation, and real-time protection, ultimately bolstering an organization's defense against a wide range of cyberattacks.
Segment Analysis:
The global Software-Defined Security market has been segmented based on Component, Enforcement Point, Deployment Mode, and End-Users.
On the basis of Component, the market is segmented into solutions and services. With 52% of market revenue (USD 3.80 billion) coming from the solutions segment in 2022, the market will be dominated by this sector. To safeguard networks and priceless assets, businesses invest in software-based security solutions.
Based on Enforcement Point, the global Software-Defined Security market has been segmented into network security gateway and others. The market revenue category for network security gateways accounted for approximately 75% of all revenues in 2022 (or USD 5.5 billion). It enables an organisation to create and distribute original flow management and network control algorithms, significantly increasing the management plane's intelligence and flexibility.
Based on Deployment Mode, the global Software-Defined Security market has been segmented into cloud and on-premises. The cloud segment dominated the market, accounting for 57% of market revenue (USD 4.16 billion) in 2022.
Based on End-Users, the global Software-Defined Security market has been segmented into telecom and cloud service providers. The cloud service providers segment dominated the market, accounting for 65% of market revenue (USD 4.75 Billion) in 2022.
Regional Analysis:
The global Software-Defined Security market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Software-Defined Security market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Software-Defined Security market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Software-Defined Security market comprises of Middle East, Africa, and Latin America.
The North American Software-Defined Security Market dominated this market in 2022 due to established commercial and security architecture, which will fuel the market expansion in the North American area, throughout the anticipated time period.
Additionally, due to firms expanding their market reach by bringing on resellers and distribution partners, the Software-Defined Security market in the Europe area holds the second-largest market share. Furthermore, the UK Software-Defined Security market is anticipated to grow and increase significantly in the European region during the anticipated timeframe, while the German Software-Defined Security market now owns the greatest market share.
During the anticipated timeframe, a rapid growth in the Asia-Pacific Software-Defined Security Market is anticipated. The market expansion in the APAC area will be boosted by increasing entrepreneurial activities, foreign direct investment, and connectivity between the public and private sectors.
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Key Findings of the Study:
The global Software-Defined Security market is expected to reach USD 74.82 Billion by 2032, at a CAGR of 29.51% during the forecast period.
The North American Software-Defined Security Market dominated this market in 2022 due to established commercial and security architecture, which will fuel the market expansion in the North American area, throughout the anticipated time period.
Based on Deployment Mode, The cloud segment dominated the market, accounting for 57% of market revenue (USD 4.16 billion) in 2022.
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