Software-Defined Security Market Research Report- Global Forecast to 2032

Software-Defined Security Market Research Report Information By Component (Solutions And Services), By Enforcement Point (Network Security Gateway And Others), By Deployment Mode (Cloud And On-Premise), by End-Users (Telecom And Cloud Service Providers), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

ID: MRFR/ICT/1085-HCR | 100 Pages | Author: Aarti Dhapte | March 2024         

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Software-Defined Security Market Overview


The Software-Defined Security Market Size was valued at USD 7.3 Billion in 2022. The Software-Defined Security market industry is projected to grow from USD 9.45 Billion in 2023 to USD 74.82 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 29.51% during the forecast period (2023 - 2032). Increased adoption of sophisticated payment alternatives and digital security activities centered on essential company procedures are the key market drivers contributing to market growth and expansion.


Software-Defined Security Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Software-Defined Security Market Trends


The growing adoption of sophisticated payment alternatives is driving the market growth.


The rising adoption of sophisticated payment alternatives drives market CAGR for software-defined security. Significant growth factors in the payment security market include increased use of advanced payment options, the requirement to adhere to PCI DSS requirements, and increased fraudulent activities on eCommerce. The market is divided into parts, association sizes, industry verticals, and geographical areas. The arrangement market is expected to be larger during the projected timeframe than the administration market. The increased necessity to protect online company-sensitive transactions from cutting-edge digital attacks is the reason for the rapid growth rate.


Additionally, digital security exercises are now being centered on and modified to essential company procedures that minimize IT asset harm, giving the software-defined security industry great development flexibility. Furthermore, growth looked for cloud-based digital security setups is one of the primary factors driving network safety market expansion. In addition, the increased use of mobile apps and stages and changes in the traditional antivirus programming business is opening up lucrative opportunities for the network security market. Consistent requirements to adjust to network security industry norms, guidelines, and complexity of gadget security are part of the primary factors driving network security Software-Defined Security Industry Developments.


Network security exercises are now being centered on and changed to essential company exercises to limit IT asset harm, giving the software-defined security industry great development flexibility. It will likely benefit from the increased need for reliable validation procedures, particularly following rapidly growing far-off working habits post-COVID-19. IBM X-Force has seen a 4,300% increase in Covid-themed spam since February. While businesses are concerned with lately pressing issues such as labor force prosperity, the shift to remote work, accounts convenience, and the adaptability of activities, cyberattack risks are increasing. Security pioneers, from SMBs to large enterprises, must focus on the whole risk lifecycle, including planning and recognition, in-the-moment response, etc. Similarly, the growing demand for strong confirmation methods, particularly after a rapidly evolving far-off functioning pattern post-COVID-19, is projected to supply lucrative liberties to the digital security industry.


For instance, the LATAM area is projected to lead interconnect bandwidth capacity installation expansion by a 50% CAGR, with enterprises operating in the region providing 1,479 Tbsp. by 2023, based on Equinix's GXI research. As cloud demand develops, some providers are seeing an increase in usage, which is boosting expenses. Thus, it is anticipated that demand for Software-Defined Security will increase throughout the projection period due to the rising adoption of sophisticated payment alternatives. Thus, driving the Software-Defined Security market revenue.


Software-Defined Security Market Segment Insights


Software-Defined Security Component Insights


The Software-Defined Security market segmentation, based on Components, includes solutions and services. The solutions segment dominated the market, accounting for 52% of market revenue (USD 3.80 Billion) in 2022. Organizations make investments in software-based security solutions to protect networks and valuable possessions.


Software-Defined Security Enforcement Point Insights


The Software-Defined Security market segmentation, based on Enforcement Point, includes network security gateway and others. The network security gateway category generated the highest market revenue of about 75% (USD 5.5 billion) in 2022. It allows an organization to build and share unique flow management and network control algorithms and bring considerably greater intelligence and flexibility to the management plane.


Figure 1: Software-Defined Security Market, by Enforcement Point, 2022 & 2032 (USD Billion)


Software-Defined Security Market, by Enforcement Point, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Software-Defined Security Deployment Mode Insights


The Software-Defined Security market segmentation, based on Deployment Mode, includes cloud and on-premises. The cloud segment dominated the market, accounting for 57% of market revenue (USD 4.16 billion) in 2022. Cloud infrastructure is built to address new and growing demands, notably regarding vertical and horizontal scalability and security. Cloud-based settings will often use technology and security solutions that may expand ly and easily, regardless of location.


Software-Defined Security End-Users Insights


The Software-Defined Security market segmentation, based on End-Users, includes 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. Digitalization will increase cloud delivery challenges and push IT to rely more on services and software rather than hardware-defined compromises. As an outcome, cloud service providers can leverage software-defined capabilities.


Software-Defined Security Regional Insights


By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Software-Defined Security market area will dominate during the projected timeframe because of established commercial and security architecture, which will boost the market growth in the North American region.


Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Software-Defined Security Market Share by Region 2022 (USD Billion)


Software-Defined Security Market Share by Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe region’s Software-Defined Security market accounts for the second-largest market share due to the businesses expanding their market reach by adding resellers and distribution partners. Further, the German Software-Defined Security market holds the largest market share, and the UK Software-Defined Security market is expected to grow and expand significantly in the European region during the projected timeframe.


The Asia-Pacific Software-Defined Security Market is expected to grow quickly during the projected timeframe. This is due to rising entrepreneurial exercises, foreign direct investment, and public and private connections, which will boost the market growth in the APAC region. Moreover, China’s Software-Defined Security market dominates the market share, and the Indian Software-Defined Security market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.


Software-Defined Security Key Market Players & Competitive Insights


Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Software-Defined Security market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Software-Defined Security industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.


Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Software-Defined Security industry to benefit customers and capture untapped market share and revenue. The Software-Defined Security industry has recently offered significant advantages to the Information Technology industry. Moreover, more industry participants are utilizing and adopting cutting-edge Technology has grown substantially. Major players in the Software-Defined Security market, including 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), are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.


Cybeats Tools Inc provides cybersecurity endpoint detection and reaction (EDR) for Internet of Things (IoT) linked devices. Cybeats acts as a single point of contact for the software distribution network. SBOMs in all recognized languages (SPDX and CycloneDX) are smoothly ingested by our platform. Proactively identify and mitigate risk throughout the software manufacturing process, from procurement through creation and installation. They established a strategic partnership with Veracode, a significant testing producer for application security remedies, in September 2022. The alliance will use complementary expertise to ensure customers receive the finest security solutions possible.


Oracle Corp. provides solutions and services covering every business IT environment area. Lawrence j. Ellison, Robert N. Miner, and Edward A. Oates started the corporation on June 16, 1977, and it is located in Redwood City, California. It operates in three divisions: cloud and licensing, hardware, and services. In May 2022, Oracle enhanced Oracle Cloud Infrastructure's built-in security features and services to aid clients in securing their cloud-based applications and information from possible attacks. These developments will assist organizations in protecting cloud deployments and applications by delivering simple, directive, and combined services.


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)




  • Symantec Corporation (California)




  • Palo Alto Networks (California)




  • Citrix Systems Inc (US)




  • Catbird Networks Inc (US)




  • Certes Networks Inc (US)




  • Versa Networks Inc (US)




Software-Defined Security Industry Developments


October 2022: Cloud Security Management has been made public by Datadog, Inc., a cloud surveillance and security platform. This program integrates Cloud Workload Security, CSPM, incident handling, alerting, and reporting functions in one system to assist DevOps and Security personnel in detecting misconfigurations, securing cloud-native apps, and detecting threats.


September 2022: Cybeats Tools Inc., a prominent provider of software logistics risk and security tools, established a strategic partnership with Veracode, a significant producer of testing for application security remedies, in September 2022. The alliance will use complementary expertise to ensure customers receive the finest security solutions possible.


May 2022: Oracle enhanced Oracle Cloud Infrastructure's built-in security features and services to aid clients in securing their cloud-based applications and information from possible attacks. These developments will assist organizations in protecting cloud deployments and applications by delivering simple, directive, and combined services.


Software-Defined Security Market Segmentation


Software-Defined Security Component Outlook




  • Solutions




  • Services




Software-Defined Security Enforcement Point Outlook




  • Network security gateways




  • Others




Software-Defined Security Deployment Mode Outlook




  • Cloud




  • On-premises




Software-Defined Security End-Users Outlook




  • Telecom




  • Cloud service providers




Software-Defined Security Regional Outlook




  • North America



    • US




    • Canada






  • Europe



    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe






  • Asia-Pacific



    • China




    • Japan




    • India




    • Australia




    • South Korea




    • Australia




    • Rest of Asia-Pacific






  • Rest of the World



    • Middle East




    • Africa




    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 7.3 Billion
Market Size 2023 USD 9.45 Billion
Market Size 2032 USD 74.82 Billion
Compound Annual Growth Rate (CAGR) 29.51% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Component, Enforcement Point, Deployment Mode, End-Users, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  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)
Key Market Opportunities Digital security activities are now being centered on and modified to essential company procedures that minimize IT asset harm, giving the software-defined safety industry great development flexibility.
Key Market Dynamics Significant growth factors in the installment security industry include the increased adoption of sophisticated payment alternatives.




Frequently Asked Questions (FAQ) :

The Software-Defined Security market size was valued at USD 7.3 Billion in 2022.

The market is projected to grow at a CAGR of 29.51% during the forecast period, 2023-2032.

The key players in the market are 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).

The Solutions category dominated the market in 2022.

The Network security gateways had the largest share of the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
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  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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