Kenneth Research, in its repository of market research reports, has recently added a report on the Software-Defined Security Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Software-Defined Security Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention 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) average 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 Software-Defined Security Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Market Research, the Global Software-Defined Security Market was valued at USD 2.36 Billion in 2018 and is expected to witness a growth of 33.01% from 2019-2026 and reach USD 23.17 Billion by 2026.
The latest survey on Global Software-Defined Security Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the Software-Defined Security Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Software-Defined Security Market By Component, By Enforcement Point, By End User, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.
What is Software-Defined Security Market?
Software-defined security (SDS) can be defined as a type of security model in which the information security in a computing environment is executed, organized and achieved by security software. It can be described as a software-managed, policy-driven and governed security where most of the security controls such as network subdivision, invasion recognition, and access controls are automated and scrutinized through software.
Global Software-Defined Security Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The growing use of cloud computing services and demands for rapid response and enhanced security at the workplace are the two main factors which are expected to drive the market. Apart from this, a shortage of industry standards could affect the overall growth rate for the Global Software-Defined Security Market. Software-defined security can help large enterprises automate and program their workload much faster.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Software-Defined Security Market” is mainly bifurcated into sub-segments which can provide a classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about the cutting-edge technologies in the market.
Global Software-Defined Security Market Competitive Landscape
The “Software-Defined Security Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Check Point Software Technologies Ltd., Cisco Systems, Inc., Intel Corporation, VMware, Inc., Symantec Corporation, EMC Corporation and Fortinet, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Software-Defined Security Market, By Component
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Global Software-Defined Security Market, By Enforcement Point
• Application and Mobile Device Security
• Virtual Machines/Server/Storage Security
• Network Security Gateway
Global Software-Defined Security Market, By End User
• Telecom Service Providers
• Cloud Service Providers
Global Software-Defined Security Market Geographic Scope
• North America
Rest of Europe
• Asia Pacific
Rest of Asia Pacific
• Latin America
• Rest of the World
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- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- The competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
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