In its research report, Market Research Future (MRFR), highlights that the global software-defined security market 2020 is expected to grow significantly, acquiring a substantial market valuation from USD 2.19 billion in 2017 to USD 11.13 billion by 2023, and a healthy 31.40%CAGR over the review period.
The security model involves software that handles information safety, and most operations are using automation. The key drivers of the software-defined security market are booming cloud-based computing services, growing business concerns about virtualized internet security and rising demand for unstructured data storage, thus enabling companies to simplify and deploy their network security management systems. Additionally, cloud-based technology adoption includes intrusion detection, demand for unstructured data storage, simple identity & access storage integration, data loss prevention, and other software-defined networking technologies as key market influencers in the process. Additionally, software-defined security features such as integration with other technologies such as identity & access management, prevention of data loss, and other software-defined networking solutions are expected to significantly improve the software-defined safety market. Also expected to drive the SDSec market are raising concerns among businesses about the protection of virtualized networks and increasing demand for unstructured data management. Nevertheless, due to a lack of industry regulations, many businesses oppose the use of software-defined security which is expected to impede market development.
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The market for software defined security is broadly segmented on the basis of component, enforcement point, deployment mode, end-user, and region
Based on the component, the market is segmented into solutions and services.
Based on the enforcement point, the market is segmented into application and mobile device security, server security, network security gateways, and others.
Based on the deployment mode, the market is segmented into cloud and on-premise.
Based on the end-user, the market is segmented into telecom service providers, cloud service providers and enterprises.
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