Press release
Software Defined Security Market Set to Witness an Uptick during 2017 – 2022
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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4 Forecast Highlights on Global Software defined security Market
As per the forecast of Persistence Market Research, the services component type segment is slated to touch a value of about US$ 1050 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The services component type segment is estimated to account for nearly one-fourth of the revenue share of the component type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the small and medium enterprise segment will reach a value of about US$ 640 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The small and medium enterprise segment is forecasted to account for more than one-fourth of the total revenue share of the end user segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
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As per the forecast of Persistence Market Research, the network monitoring segment is slated to reach a value of nearly US$ 1,300 Mn in 2022. The network monitoring segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the network monitoring segment.
Persistence Market Research forecasts the U.S. software defined security market to exhibit a compound annual growth rate (CAGR) of 7% from 2017 to 2022.
The report has also included the profiles of some of the leading companies in the software defined security market like Catbird, VMware, Inc., SAS Institute Inc., Fortinet, Cisco Systems, Inc., Symantec Corporation, Intel Corp., EMC Corp., Palo Alto Networks and Hewlett Packard Enterprise Company.
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