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2021
Software Defined Security Market

Software Defined Security Market

by Component (Solution and Services), Deployment Mode (On Premise and Cloud), Application (Application and Mobile Device Security, Virtual Machines (VMs)/Server/Storage Security, Network Security Gateways, and Others), and End User (Telecom Service Providers, Cloud Service Providers, and Enterprises): Global Opportunity Analysis and Industry Forecast, 2020-2030
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Report Code: A12488
Pages: 343
Jul 2021 | 1772 Views
Author(s) : Abhijith N
Tables: 196
Charts: 92
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Software Defined Security Market Statistics - 2030

The global software defined security market size was valued at $5.3 billion in 2020, and is projected to reach $68.83 billion by 2030, registering a CAGR of 29.5% from 2021 to 2030. Software defined security (SDSec) is an architectural approach to protection and compliance that decouples and abstracts controls away from physically-oriented elements such as topology, hardware, or physical location. This approach is critical for enabling security and compliance to operate harmoniously with software-defined infrastructure models that also decouple application and data hosting from the hardware underneath.

With a majority of employees working remotely and accessing critical enterprise infrastructure from a rather less secure location (their homes) and many a time with their personal devices, these conditions raised the probability of attacks on such employees, which could endanger the entirety of corporate data along with personal data of other employees connected through the same network.

In 2019, the global software defined security market share was dominated by the solution segment, and is expected to maintain its dominance in the coming years. The need for faster response, better security, and increased use of cloud services are some of the key drivers of the market growth. Growing investments and continuous technological advances are expected to provide opportunities to raise money for players in the global market. Organizations are concerned about the security of automated and virtualized infrastructure before using software defined networking (SDN), which is further boosting the growth of the software defined security market opportunity.

Software-Defined-Security-Market--2021-2030

Within the market, the services segment is estimated to emerge as the fastest growing segment. The growing market for cloud-based infrastructure is expected to drive the software defined security market.

Increasing concern among businesses over the development of infrastructure security and the growing need for informal data management are expected to drive the software defined security market growth.

The vital need for cloud computing by businesses and individuals is expected to accelerate the market growth. With cybercrime and cyberattacks on the rise, security has become the focus. The need for corporate web security is increasing due to the growing risks associated with data or the security of information within organizations. Many organizations suffer from data loss, identity theft, and malware attacks, which are used to steal private information. In addition, the growing advances in web technology are causing an increase in security concerns. In this regard, businesses are moving toward the adoption of web 2.0 applications, and the risks associated with these web applications have led to the need for advanced security solutions described in security. 

The failure of gate security in networks to prevent breaches and attackers has increased the need for security solutions. In addition, the proliferation of social media scams as well as malware on mobile phones is increasing with the increasing internet penetration around the world. All these factors are expected to drive the Software defined security market share during the forecast period. 

The report focuses on the growth prospects, restraints, and Software defined security market analysis. The study provides Porter’s five forces analysis of the software defined security industry to understand impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the Software defined security market trends.

Segment review

The software defined security market is segmented on the basis of component, deployment mode, application, and end user. Based on component, the market is bifurcated into solution and services. On the basis of deployment, the market is divided into on premise and cloud. Based on application, the market is fragmented into application and mobile device security, virtual machines (VMs)/server/storage security, network security gateways, and others. Based on end user, the market is classified into telecom service providers, cloud service providers, and enterprises. Based on the region, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA.

Impact of COVID-19 on Software Defined Security Market-

Post COVID-19, the size of the global software defined security market forecast is estimated to be $6.70 billion in 2021, and is projected to reach $ 68.83 billion by 2030. 
With a majority of employees working remotely and accessing critical enterprise infrastructure from a rather less secure location (their homes) and many a time with their personal devices, these conditions raised the probability of attacks on such employees, which could endanger the entirety of corporate data along with personal data of other employees connected through the same network. To prevent this, many organizations invested in stronger software defined security solutions for their employees to ensure their and company’s assets are secured. Software-based firewalls and intrusion detection systems were particularly made popular during the period of pandemic and were commonly deployed into employee’s systems to harden security perimeter at their end.

Top impacting factors

Factors, such increased cyber-attacks during COVID-19 pandemic and growth of applications of cloud and virtualization technologies in modern businesses, are some of the primary factors propelling the market growth during the forecast period. However, harder & costlier initial installation, limited customization, and complex network management strategies are mainly restraining the market growth. Furthermore, advancements in the field of cloud computing, faster networks, and increasing awareness of software defined security and its benefits are estimated to create a lucrative opportunity.

Increasing awareness of software defined security and its benefits

Software defined network architecture and software defined security solutions being relatively newer to the modern-day businesses and corporate world have much fewer benefactors at the moment. Through rising security threats and growing adoption of cloud and virtualization in small & medium enterprises, an increase in the adoption of software defined networking and security frameworks is expected in future.

In addition, low maintenance and running costs of software defined networks paired with easier planning and designing of networks and security policies are also influencing a lot of newer businesses to adopt them into their regular operations.

Software Defined Security Market
By Component

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Service segment is projected as one of the most lucrative segments.

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Increasing applications of cloud and virtualization technologies in modern businesses

Today’s business world is on a fast-track mode to adopt new cloud technologies into their everyday business operations. SMEs are increasingly readily embracing cloud technology, and cloud-enabled enterprises benefit from the investment in terms of simplicity and potential. Larger businesses are becoming more comfortable using cloud-based mission-critical applications, whether as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), or Software as a Service (SaaS). This infrastructure is available as a private, public, community, or hybrid cloud. Business organizations of today have the opportunity to concentrate more on their business goals and priorities rather than the risk and expense of putting up expensive IT infrastructure in-house due to cloud computing. This allows them to avoid all the challenges of varied systems, tools, and server management that were related to legacy systems. In addition, the scalability of cloud offerings has also attracted small businesses to the model.

These cloud and virtual environments have security offerings from their own providers. For additional security, businesses have started to invest in software defined security solutions to safeguard their networks. This trend is expected to bring opportunities for the global software defined security market in the future.

Software Defined Security Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

APAC is projected as one of the most significant region.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the software defined security market along with current trends and future estimations to elucidate imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the software defined security industry.
  • The quantitative analysis of software defined security market for the period 2020–2030 is provided to determine the market potential.

Key Market Segments

By Component

  • Solution
  • Services

By Deployment Mode

  • On Premise
  • Cloud

By Application

  • Application and Mobile Device Security
  • Virtual Machines (VMs)/Server/Storage Security
  • Network Security Gateways
  • Others (Cloud, Database, and Web)

By End User

  • Telecom Service Providers
  • Cloud Service Providers
  • Enterprises

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • Intel Corporation
  • VMware, Inc.
  • Symantec Corporation
  • EMC Corporation
  • Fortinet, Inc.
  • Juniper Networks, Inc.
  • Palo Alto Networks
 

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The software defined security market is experiencing rapid growth, owing to increased cyber-attacks during the COVID-19 pandemic. Remote working has been introduced throughout the world as a result of the COVID-19 pandemic, creating fresh cyber-risks for businesses. Considering these new vulnerabilities, attackers are looking for new weak points in enterprises' network infrastructure, and thus implementing software-based security solutions has become a need for every organization these days. For instance, in 2020, the U.S. Department of homeland security reported a 250% increase in the number of data breaches and cyber-related attacks on federal systems over the past two years. Cybercriminals are using the pandemic as an excuse to increase their malicious activity by exploiting the vulnerabilities of remote employees and capitalizing on public interest in coronavirus. These reasons are driving companies to ramp up their security spending and strengthen their security architecture to accommodate remote working policies and threats associated with them. This promises a stable growth opportunity for the global software defined security market during the forecasted period

Software defined security services rely heavily on network response times; network latency influences whether an attack can be identified and prevented; and greater network latencies may allow malicious packets to get past security firewalls or intrusion detection systems without raising an alarm.

With recent developments in cloud computing and improved state of global networks and networking equipment, network latency concerns have been greatly reduced in modern day scenarios. With advanced networks implemented in popular business applications throughout the world, network delays can be decreased to the point where it is faster to redirect packets through high-end cloud-based security equipment at a remote place rather than analyze them locally. Such improvements are being realized through contemporary 5G networks, and the software defined security sector stands to benefit greatly from them.

The software defined security market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of solutions & services, reliability, efficiency of products, and support services. The market is concentrated with major players consuming 45-50% of the market share. The degree of concentration is expected to remain same during the forecast period. Additionally, low maintenance and running costs of software defined networks paired with easier planning and designing of networks and security policies are also influencing a lot of newer businesses to adopt them into their regular operations.

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