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Software Defined Security (SDS) Market 2019 – 2023: Emerging Technologies, Competitive Landscape, Business Trends, Industry Profit Growth, Size and Global Segments

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Software Defined Security (SDS) Market 2019 – 2023: Emerging Technologies, Competitive Landscape, Business Trends, Industry Profit Growth, Size and Global Segments

September 22
02:18 2019
Software Defined Security (SDS) Market 2019 – 2023: Emerging Technologies, Competitive Landscape, Business Trends, Industry Profit Growth, Size and Global Segments

Software Defined Security (SDS) Market
Global Software Defined Security (SDS) Market is expected to grow from USD 2.19 billion in 2017 to USD 11.13 billion by 2023, at a compound annual growth rate (CAGR) of 31.40% during the forecast period.

Software Defined Security Market Overview:

The global software defined security market was analyzed by Market Research Future (MRFR) and it was projected that a staggering CAGR of 31.40% will be attained by the market over the forecast period of 2018 to 2023.

The valuation of the software defined security market was further stated to surpass its previous valuation of USD 2.19 billion in 2017 to reach a projected figure of USD 11.13 billion by 2023.

The key driving factors expected to influence the Software Defined Security Marketgrowth are the expanding cloud-based infrastructure market, surging concerns amongst organizations concerning security of virtualized infrastructure, and an increasing demand for managing unstructured data. This is thus boosting and aiding enterprises to deploy and automate their network security management systems. However, on the other hand, due to lack of industry standards and regulations, various organizations are seen avoiding the use of software-defined security. This can be a major restraining factor to the global software-defined security market.

Competitive Landscape:

The global software defined security market comprises a host of key players. This includes names like Fujitsu LTD. (Japan), Symantec Corporation (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), EMC Corporation (U.S.), VMware Inc. (U.S.), Ericsson Inc. (Sweden), Dell Inc. (U.S.), Cisco Systems Inc. (U.S.), Citrix Systems Inc. (U.S.), and others.  

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Market Segmentation:

The global software defined security market has been segmented in terms of deployment mode, end-user, enforcement point, and components.

  • By component, the market divides into services and solutions.
  • By deployment mode, the market branches into on-premise and cloud modes.
  • By enforcement point, the market comprises server security, network security gateways, application and mobile device security, and others.
  • By end-user, the market segments into cloud service providers and enterprises and telecom service providers.

Regional Analysis:

The global software defined security market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

The North American region holds the leading position in the global software defined security market.

The dominance of the regional market in this sector is due to the significant improvement of various technological aspects. Both the people and organizations in North America have this willingness to adopt and integrate the latest technological updates and implement the same in their individual work culture. Owing to this, software-defined security has been experiencing massive growth in this region. Furthermore, due to the region’s infrastructural superiority, North America is reportedly recording considerable proliferation of the sector across different industry verticals. The region also hosts a strong presence of a vast pool of leading market players. These players are shaping both the continental market, as well as, ensuring in leaving indelible imprints in the international market.

Europe stands next to North America in the global software defined security market. The rising awareness concerning the potential benefits of SDNs is primarily driving the growth of the market for this region. The regional market is further expected to continue growing and expanding in the coming years.

Lastly, the Asia Pacific region is expecting to be the fastest growing market during the assessment period as per MRFR. With the help of their massive industrial growth, developing nations like India and China have started implementing the technology, thereby ensuring a dramatic rise in the regional market. Moreover, a number of companies are based out of Asia Pacific region, one which is anticipated to be a software-defined security market booster in the coming years.

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Industry Buzz:

August 2019, Adaptiv Networks, one of the key creators of powerful, SD-WANs or software-defined wide-area networks for business-critical application traffic needing high availability, announced that they have attained the US Patent # US 2019/0182213 Al for “System, Apparatus and Method for Providing a Unified Firewall Manager.”

The company now boasts eleven patents associated with network orchestration and SDNs. A vast majority of these technologies are patented under various jurisdictions.

Table of Contents

1    Market Introduction   

1.1    Introduction   

1.2    Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3    Market Structure:

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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