In a recent published report, Kenneth Research has updated the market report for Global Software Defined Security Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Software Defined Security Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
The security of virtualized infrastructure has been a major cause of concern for enterprises. Consequently, this concern has been the major driving factor behind the adoption and growth of the global software-defined security market. As more and more companies start relying on cloud based infrastructure, the global software-defined security market will keep on posting high growth figures. The growing awareness among companies about the usage and benefits of the software-defined security will also drive the market in the future.
The need for programmable, scalable, and policy-driven security architecture.
Works by integrating with other technologies such as identity and access management, data loss prevention, and other software-defined networking technologies.
Improvised attacking methods by the hackers and the need for a faster response against such threats.
Security staffing constraints and budgeting constraints.
Lack of industry regulations for the market, due to which, the usage of software-defined security is avoided by the companies.
Lack of technical expertise to use such software among industry professionals.
The difficulty is presenting a quantifiable result on investment.
Lack of awareness about software-defined security and the benefits associated with adopting such a system.
The global software-defined security market can be segmented on the basis of:
1. Deployment Model: On the basis of the deployment model, the global software-defined security market can be segmented into cloud and on-premise.
2. Enforcement Points: On the basis of enforcement point, the market can be segmented into Application and Mobile Device Security, Virtual Machines, Network Security Gateways, and Others. Mobile device security and Network Security Gateways are the current market leaders in terms of value. The Network Security Gateways is expected to lead in the future due to the increasing need for high privacy, especially in the communication sector.
3. Solutions: On the basis of solutions, the market can be segmented into Security Software, Control Automation and Orchestration Solution, Security Compliance and Policy Management, and Performance Management and Reporting. The Control Automation and Orchestration Solution segment is expected to witness the highest growth in the forecast period. This has been expected due to the increasing need for managing the security of complex networks with minimum time delay.
4. End User: On the basis of an end-user, the global software-defined security market can be segmented into Telecom Service Providers, Cloud Service, and Providers Enterprises.
On the basis of geography, the global software-defined security market can be segmented into North America, Middle-East and Africa, Europe, Asia-Pacific, and Latin America.
North America: Many enterprises in this region have adopted virtualized technologies and this has led to North America establishing itself as the market leader for the software-defined security market.
Europe: The global software-defined security market is seeing high growth in this region because of increasing demands for the prevention of data loss and the need to have security solutions without the maintenance of hardware.
Asia-Pacific: The APAC region is expected to witness the highest growth rate in the forecast period. This is because of the higher number of Information Technology(IT) operations in the region and their growing awareness and willingness to adopt software-defined security.
Cisco Systems (California).
Symantec Corporation (California).
Check Point Technologies (Israel).
Fortinet, Inc. (California).
Palo Alto Networks (California).
Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market Dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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