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Software-Defined Security Market


Information & Communications Technology
Software & Services

The Software-Defined Security market size is expected to grow from USD 1.59 Billion in 2016 to USD 6.76 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 33.6%. Major growth drivers of the SDSec market are need for policy-driven, scalable, and programmable security architecture; faster response against threats/risks and requirement for increased security; security staffing and budgeting constraints along with increasing surge in cloud services. These factors are expected to shape the future of the SDSec market.

The market in this report has been segmented into different enforcement points. Mobile device security; virtual machines/server security/ storage security; and network security gateways are expected to have the highest market share. Among these enforcement points, network security gateways are expected to lead due to the need for high privacy when it comes to communication.

The market consists of solutions. Control automation and orchestration solution is expected to grow at a higher CAGR. The increasing need for managing complex network’s security and agility are expected to remain the primary driver for the growth of the market.

The global Software-Defined Security market has been segmented on the basis of regions into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America, to provide a region-specific analysis in the report. North America occupies the largest share in the market while MEA is expected to grow with the highest CAGR. The awareness about the potential benefits of SDSec in MEA is expected to drive the market. Many companies are strategically adding resellers and distribution partners in their marketing channel in the region to leverage the potential market and increase their market reach.

Software-Defined Security Market

The restraining factors of Software-Defined Security market are lack of industry standard and need for security awareness in virtualization environment. The SDSec security model is in the process of expansion and improvement. It is still being considered as a new technology under the umbrella of security solutions.

Major vendors that offer their products and services in this market are Check Point Software Technologies Ltd. (Tel Aviv, Israel), Cisco Systems, Inc. (California), Intel Corporation (California), VMware, Inc. (California), Symantec Corporation (California), EMC Corporation (Massachusetts), Fortinet, Inc. (California), Juniper Networks, Inc. (California), and Palo Alto Networks (California). The dominant players in the market include Intel Corporation and Symantec Corporation (California). The companies have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the SDSec market.

The market involves a large number of vendors such as security solutions providers. Players in this market have adopted various strategies to expand their global presence and increase their market shares. Partnerships, agreements, collaborations, acquisitions, expansions, and new product launches are some of the major strategies adopted by the market players to achieve growth in the Software-Defined Security market. The strategy of new product launches was the key strategy adopted by the industry players to achieve growth in the SDSec market.

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