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The Software-Defined Security (SDSec) is a modern and fast-moving market whose environment is in constant interaction with a range of factors influencing demand, trends, and competitiveness. The SDSec market is being pushed forward by another factor that is the increasing rate of cyber attacks and the widening gap that makes it possible for cyber criminals to be more cunning. The rise of sophisticated and persistent attacks leads to the necessity for organizations to implement complex security solutions. SDSec provides a flexible and adaptive approach which can respond to such changes.
The rising adoption of cloud computing is a key market driver as well. With companies moving their operations and data onto the cloud, the provision of the security solutions that can synchronize well with the virtualized environments is a crucial issue which needs to be addressed. SDSec ensures that the security framework is centralized and programmable, with a dynamic nature to fit the cloud infrastructure, and thus, the organizations have the security mechanism to protect their assets in virtualized platforms.
To add on, the expanding idea of remote work has taken this increasing demand for SDSec solutions to a new height. The dispersal of employee knowledge has increased the attack area, and traditional methods for security based on the perimeter has become obsolete. SDSec's capacity which is to set security policies upon identity and context bases instead of relying only on network parameters suits well the function of securing remote and mobile workforces.
Interconnectivity and the wider range of adoption of IoT devices are also main forces that will shape the development of SDSec The greater number of devices hooked to networks includes susceptibility to attack that can be exploited maliciously. SDSec deals with this difficulty through a software-controlled solution that can be easily moved to a number of network environments to safeguard IoT devices by the use of granular policy controls.
An essential aspect that moves SDSec forward is the market competition. From having many vendors to the continuous development of new technologies, the entertainment industry has grown to be highly competitive. Vendors try to make a difference by providing customized features, building integrations and showing off their capabilities. It gives rise to innovation expecting enterprises to break the limits of SDSec solutions and strive to anticipate new challenges.
Regulatory compliance has great effects on the field of Secure Data Security, especially in industries which deal with sensitive information. Compliance regulations often direct organizations to adopt security procedures necessary to safeguard their confidential data. The adaptability and programmability of SDSec make it simpler for businesses to comply with the requirements of legal and regulatory frameworks and avoid facing the potential of facing legal problems.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Component, Enforcement Point, Deployment Mode, End-Users, and Region |
Software-Defined Security Market Highlights:
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.
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 GXIÂ 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)
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)
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
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Intel Corporation (California)
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Cisco Systems (California)
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Juniper Networks (California)
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Dell Inc. (US)
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Check Point Technologies (Israel)
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Symantec Corporation (California)
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Palo Alto Networks (California)
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Citrix Systems Inc (US)
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Catbird Networks Inc (US)
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Certes Networks Inc (US)
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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
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Solutions
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Services
Software-Defined Security Enforcement Point Outlook
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Network security gateways
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Others
Software-Defined Security Deployment Mode Outlook
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Cloud
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On-premises
Software-Defined Security End-Users Outlook
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Telecom
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Cloud service providers
Software-Defined Security Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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