Technological Innovations in Automation Projected to Boost the Growth of Software Defined Security Market

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.

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One of the major growth factor for the adoption of software defined security is the growing concern amongst the organizations using the virtual infrastructure and services of a cloud based system. The software defined security system is used by the enterprises to automate their network security management. Due to the growing usage of the cloud technology, many enterprises are demanding security solutions that are easy to manage, can be highly customized and provide security without the presence of any hardware. Software defined security provides all these facilities and in addition, it is also used to prevent data loss and identify and access management solutions. With the growing adoption of cloud based services and infrastructure, the adoption of software defined security solutions is also on the rise.

The global software defined security market is slated to touch a value of about US$ 3,800 Mn in the year 2022 and grow at a robust CAGR during the assessment period.

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North America Market Set to Dominate the Global Software Defined Security Market in Terms of Revenue

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.

Software Platform Segment Slated to Touch a Value of About US$ 2,700 Mn in 2022

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.

Large Enterprise Segment to Exhibit a CAGR of Nearly 12% During the Assessment Period

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.

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