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Software Defined Security Market Segmented By Software Platform, Services Component in Large Enterprise, Small & Medium Enterprise in Network Monitoring, Intrusion Detection, Firewall Control, Content Filtering and Malware Control
Software defined security is a kind of security model in which the information security in a computing environment is managed and controlled by a security software. Most of the security controls like detection of intrusions, segmentation of network and access control are automated and they are also monitored through security software. Software defined security is most of the time used in IT environments that use services of the cloud. Hence, every time a new device accesses the cloud environment, it is automatically covered and controlled by the software defined security protocol.
Thus, the security system of the cloud is thoroughly automated and this results in less intervention from humans and reduces the scope for any unwanted activity. Software defined security systems are cost effective and simple as compared to conventional security models. With the increasing adoption of the cloud services and infrastructure, the market for software defined security is witnessing a healthy growth.
According to the assessment of Persistence Market Research, the global software defined security market is forecasted to reach a figure of about US$ 3,800 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
The market in North America is set to dominate the global software defined security market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America software defined security market is the most attractive market, growing at a robust CAGR over the forecast period.
According to the projections of Persistence Market Research, the software platform segment is expected to reach a value of about US$ 2,700 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The software platform segment is estimated to account for more than three-fourths of the revenue share of the component type segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.
According to the assessment of Persistence Market Research, the large enterprise segment is poised to touch a figure of about US$ 2,900 Mn in the year 2022. This signifies a CAGR of nearly 12% during the assessment period from 2017 till the year 2022. The large enterprise segment is estimated to account for nearly three-fourths of the revenue share of the end user segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global software defined security market through 2022, which include SAS Institute Inc., Symantec Corporation, EMC Corp., Hewlett Packard Enterprise Company, Cisco Systems, Inc., VMware, Inc., Intel Corp., Palo Alto Networks, Catbird and Fortinet.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Persistence Market Research