Software Defined Security
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PUBLISHED: 2022 ID: SMRC21681
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Software Defined Security Market Forecasts to 2028 - Global Analysis By Type (Object, File, Block), Component Type (Solution, Services), Application, End User, and By Geography

4.6 (77 reviews)
4.6 (77 reviews)
Published: 2022 ID: SMRC21681

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $9.03 BN

Projected Year Value (2028)

US $46.90 BN

CAGR (2022 - 2028)

31.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Software Defined Security Market is accounted for $9.03 billion in 2022 and is expected to reach $46.90 billion by 2028 growing at a CAGR of 31.6% during the forecast period. Software-defined security is a way to deal with compliance and protection that abstracts and decouples controls away from physical components. Software-defined security enables security to operate harmoniously with software-defined infrastructure models that also decouple application and data hosting from the hardware underneath.

BYOD has an important impact on enterprises, as it realizes the advantages, in terms of productivity, cost saving, and flexibility. According to a survey by Cisco, about 69% of the IT decision makers favor BYOD as a positive addition to workplace policy, as it saves workers’ time. The software-defined applications trend is projected to gain momentum, as an increasing number of companies are trying to leverage their software-defined applications initiation, for the security of BYOD.



Market Dynamics:

Driver:

Advantages of software-defined security

Software-defined security offer virtualization that assists to reduce capital & operational cost, streamlined deployments, central management of security, and convenient up-gradation of the system. Also, the adoption of software-defined security solutions is likely to be driven by the increasing number of security threats and the rise in deployment of cloud and virtualization among small & medium enterprises.

Restraint:

High reconfiguration cost

Implementing the software-defined security solutions protocol and controller requires changing the whole organization infrastructure with the total reconfiguration of the organization which prompts an expansion in the reconfiguration cost. In addition, trained staff is needed for the implementation of these protocols along with single-point failure issues. These cost-related issues are analyzed to restrain the growth of the market.

Opportunity:

Increasing applications of cloud technologies

Small & medium enterprises are increasingly embracing cloud technology, and cloud-enabled enterprises benefit from the investment in terms of simplicity and potential. Larger organizations are becoming more comfortable utilizing cloud-based mission-critical applications. Business organizations have the chance to focus more on their business objectives and needs rather than the risk and expense of putting up expensive IT infrastructure in-house because of cloud computing. This allows them to avoid all the challenges of varied systems, tools, and server management that were related to legacy systems. This trend is likely to bring opportunities for the global software-defined security market in the future.

Threat:

Data security concerns

Companies having private information traffic are witnessing a growing number of worries about network security as many cyber attackers are looking for advanced techniques to acquire invalid access to the networks. Many organizations suffer from data loss, identity theft, and malware attacks, which are used to steal private information. For companies with extremely confidential data traffic, the in-built security capabilities of these solutions may not be sufficient, which is acting as a threat to the market growth.

The services segment is expected to be the largest during the forecast period

The services segment is estimated to have a lucrative growth owing to the rising deployment and integration of the solutions by the technology service providers and cloud service providers. Organizations are striving to optimize the orchestration span of control across both new and old systems as well as offer converged and composite services.

The information technology enabled services and telecom segment is expected to have the highest CAGR during the forecast period

The information technology enabled services and telecom segment is anticipated to witness the fastest CAGR growth during the forecast period due to the increasing adoption of software-defined security solutions with rising in implementation of IoT applications in conjunction with software-defined security operations.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the widespread use of cloud computing, virtual networks, mobility services, and Bring Your Own Device (BYOD) culture. Moreover, the growing use of IoT technology for device-to-device communication among virtual machines through wireless networks is analyzed to fuel the software-defined security and network function virtualization market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period due to the higher number of information technology (IT) operations, expanding venture exercises, FDI, and private and public associations. Also, strategic forward and backward integrations between the key players are also expected to drive the software-defined security market in the region.



Key players in the market

Some of the key players profiled in the Software Defined Security Market include VMware, Inc., Symantec Corporation, Check Point Software Technologies Ltd., Palo Alto Network, Juniper Networks, Inc., Cisco Systems, Hewlett Packard Enterprises, Fortinet, Inc., EMC Corporation, Intel Corporation, Catbird, SANS Institute, and NetApp.

Key Developments:

In Oct 2021, NetApp launched Spot Security. The solution is capable of analyzing and securing the cloud, infrastructure, and application data, network traffic, and user behavior with AI identification of anomalies, threat prioritization, and remediation support.

In Sep 2021, Check Point Software Technologies Ltd. collaborated with NxtGen, to allow protection within the data center and cloud environments with the help of a single point of contact while reducing operating expenses (OPEX) and enhancing security infrastructure for all organizations.

Types Covered:
• Object
• Hyper-Converged Infrastructure
• File
• Block

Deployment Modes Covered:
• Cloud
• On Premise

Size of Enterprises Covered:
• Small & Medium Enterprise
• Large Enterprise

Component Types Covered:
• Solution
• Software Platform
• Services

Applications Covered:
• Virtual Machines (VMs)/Server/Storage Security
• Network Security Gateways
• Intrusion Detection
• Firewall Control
• Database
• Content Filtering & Malware Control
• Application and Mobile Device Security
• Network Monitoring

End Users Covered:
• Cloud Service Providers
• Telecom Service Providers
• Enterprises

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Software Defined Security Market, By Type
5.1 Introduction
5.2 Object
5.3 Hyper-Converged Infrastructure
5.4 File
5.5 Block

6 Global Software Defined Security Market, By Deployment Mode
6.1 Introduction
6.2 Cloud
6.3 On Premise

7 Global Software Defined Security Market, By Size of Enterprise
7.1 Introduction
7.2 Small & Medium Enterprise
7.3 Large Enterprise

8 Global Software Defined Security Market, By Component Type
8.1 Introduction
8.2 Solution
8.2.1 Security Software
8.2.1.1 Risk Analytics and Visualization
8.2.1.2 Data Loss Prevention
8.2.1.3 Access Control, IDs, and IPs
8.2.2 Control Automation and Orchestration Solution
8.2.3 Performance Management and Reporting
8.2.4 Security Compliance and Policy Management
8.3 Software Platform
8.4 Services
8.4.1 Professional Services
8.4.1.1 Training and Education
8.4.1.2 Support and Maintenance
8.4.1.3 Integration and Testing
8.4.1.4 Consulting
8.4.2 Managed Services

9 Global Software Defined Security Market, By Application
9.1 Introduction
9.2 Virtual Machines (VMs)/Server/Storage Security
9.3 Network Security Gateways
9.4 Intrusion Detection
9.5 Firewall Control
9.6 Database
9.7 Content Filtering & Malware Control
9.8 Application and Mobile Device Security
9.9 Network Monitoring

10 Global Software Defined Security Market, By End User
10.1 Introduction
10.2 Cloud Service Providers
10.3 Telecom Service Providers
10.4 Enterprises
10.4.1 Media and Entertainment
10.4.2 Information Technology enabled Services and Telecom
10.4.3 Healthcare
10.4.4 Government
10.4.5 Education
10.4.6 Defense
10.4.7 Banking, Financial Services, and Insurance (BFSI)

11 Global Software Defined Security Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 VMware, Inc.
13.2 Symantec Corporation
13.3 Check Point Software Technologies Ltd.
13.4 Palo Alto Network
13.5 Juniper Networks, Inc.
13.6 Cisco Systems
13.7 Hewlett Packard Enterprises
13.8 Fortinet, Inc.
13.9 EMC Corporation
13.10 Intel Corporation
13.11 Catbird
13.12 SANS Institute
13.13 NetApp

List of Tables
1 Global Software Defined Security Market Outlook, By Region (2020-2028) ($MN)
2 Global Software Defined Security Market Outlook, By Type (2020-2028) ($MN)
3 Global Software Defined Security Market Outlook, By Object (2020-2028) ($MN)
4 Global Software Defined Security Market Outlook, By Hyper-Converged Infrastructure (2020-2028) ($MN)
5 Global Software Defined Security Market Outlook, By File (2020-2028) ($MN)
6 Global Software Defined Security Market Outlook, By Block (2020-2028) ($MN)
7 Global Software Defined Security Market Outlook, By Deployment Mode (2020-2028) ($MN)
8 Global Software Defined Security Market Outlook, By Cloud (2020-2028) ($MN)
9 Global Software Defined Security Market Outlook, By On Premise (2020-2028) ($MN)
10 Global Software Defined Security Market Outlook, By Size of Enterprise (2020-2028) ($MN)
11 Global Software Defined Security Market Outlook, By Small & Medium Enterprise (2020-2028) ($MN)
12 Global Software Defined Security Market Outlook, By Large Enterprise (2020-2028) ($MN)
13 Global Software Defined Security Market Outlook, By Component Type (2020-2028) ($MN)
14 Global Software Defined Security Market Outlook, By Solution (2020-2028) ($MN)
15 Global Software Defined Security Market Outlook, By Security Software (2020-2028) ($MN)
16 Global Software Defined Security Market Outlook, By Control Automation and Orchestration Solution (2020-2028) ($MN)
17 Global Software Defined Security Market Outlook, By Performance Management and Reporting (2020-2028) ($MN)
18 Global Software Defined Security Market Outlook, By Security Compliance and Policy Management (2020-2028) ($MN)
19 Global Software Defined Security Market Outlook, By Software Platform (2020-2028) ($MN)
20 Global Software Defined Security Market Outlook, By Services (2020-2028) ($MN)
21 Global Software Defined Security Market Outlook, By Professional Services (2020-2028) ($MN)
22 Global Software Defined Security Market Outlook, By Managed Services (2020-2028) ($MN)
23 Global Software Defined Security Market Outlook, By Application (2020-2028) ($MN)
24 Global Software Defined Security Market Outlook, By Virtual Machines (VMs)/Server/Storage Security (2020-2028) ($MN)
25 Global Software Defined Security Market Outlook, By Network Security Gateways (2020-2028) ($MN)
26 Global Software Defined Security Market Outlook, By Intrusion Detection (2020-2028) ($MN)
27 Global Software Defined Security Market Outlook, By Firewall Control (2020-2028) ($MN)
28 Global Software Defined Security Market Outlook, By Database (2020-2028) ($MN)
29 Global Software Defined Security Market Outlook, By Content Filtering & Malware Control (2020-2028) ($MN)
30 Global Software Defined Security Market Outlook, By Application and Mobile Device Security (2020-2028) ($MN)
31 Global Software Defined Security Market Outlook, By Network Monitoring (2020-2028) ($MN)
32 Global Software Defined Security Market Outlook, By End User (2020-2028) ($MN)
33 Global Software Defined Security Market Outlook, By Cloud Service Providers (2020-2028) ($MN)
34 Global Software Defined Security Market Outlook, By Telecom Service Providers (2020-2028) ($MN)
35 Global Software Defined Security Market Outlook, By Enterprises (2020-2028) ($MN)
36 Global Software Defined Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
37 Global Software Defined Security Market Outlook, By Information Technology enabled Services and Telecom (2020-2028) ($MN)
38 Global Software Defined Security Market Outlook, By Healthcare (2020-2028) ($MN)
39 Global Software Defined Security Market Outlook, By Government (2020-2028) ($MN)
40 Global Software Defined Security Market Outlook, By Education (2020-2028) ($MN)
41 Global Software Defined Security Market Outlook, By Defense (2020-2028) ($MN)
42 Global Software Defined Security Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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