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The Softwrae- Defined Security (SDS) market risk a dynamic and quickly-changing market which making threats the most complex. There is a greater need for the security solutions which have been proved capable to cope with the security threats faster. SDS, which stands for Security as a Service (SaaS), employs software in order to achieve the network security purposes set by organizations; rather than a traditionally reactive or static security approach, SDS provides a dynamic, AI-driven cybersecurity tool. Perhaps the main factor that enforces the growth of the SDS market is the sharp rise and high level of cybersecurity crimes so that the companies are pushed to join the highly-functioning security system.
Increasingly more businesses tend to move into digital transformation using cloud based systems, consequently, demand for SDS has found its expression. Shifting to a remote-based work and the increased views of mobile devices are inclined to expand the attack surface which might ignite the traditional security measures in pertinence. SDS employs a software-based approach, hence the provision of a dynamic adjustment of security policies according to dynamic threats and vulnerabilities regardless of geographical location. It is this adaptability that advocates for the highest level of cyber security as real-time evolution of cyber threats.
While the SDS market is impacted by the rising awareness among organizations on the data privacy and compliance, the market trends driven by intelligent automation and cybersecurity are expected to be witnessed in the near term. Along with the GDPR and HIPAA regulations, companies are obliged to exercise tight control and build up healthy security in a bid to shield sensitive data from hackers. SDS solution comprises of three main features: centralized control over all security policies, automatic replication of those policies onto their branches and affiliate offices, and cloud-based delivery. Moreover, SDS solution makes it relatively easier for organizations to comply with regulatory requirements set by governmental agencies and protect the interest of their customers.
Also the tightening of the human intellectual abilities by AI and ML systems is another trend that has a remarkable impact on the way the dynamic of this market is shaped. Machine learning tools integrated in the SDS frameworks to handle large data volumes, to extract patterns and to be proactive to the assertion of security threats. The advantage of automating threat detection and response processes is that the overall efficiency of cybersecurity gets improved which is something any business that desire to make it more efficient in mitigating risks should adopt.
On the competitive side, you notice that more and more suppliers are seeking to convert the many SDS vendors that are offering all sorts of solutions. The race of the cybersecurity companies, either the old players or innovative startups, is to cut their space in SDS by advancing the recently adapted technologies. It's this on-going race for advanced and remote capabilities within SDS solutions that equips clients across the security spectrum to deliver the desired outcome for their safety needs.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 7.3 Billion |
| Market Size Value In 2023 | USD 9.45 Billion |
| Growth Rate | 29.51% (2023-2032) |
Software-Defined Security Market Highlights:
Software-Defined Security Market Overview
The Software-Defined Security Market size is projected to grow from USD 12.238695 Billion in 2024 to USD 74.82 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 25.40% during the forecast period (2024 - 2032). Additionally, the market size for Software-Defined Security was valued at USD 9.45 Billion in 2023.
Increased adoption of sophisticated payment alternatives and digital security activities centered on essential company procedures are the key market drivers contributing to market growth and expansion.
Figure1: Software-Defined Security Market, 2018 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Software-Defined Security Market Trends
The growing adoption of sophisticated payment alternatives is driving the market growth.
The rising adoption of sophisticated payment alternatives drives market CAGR for software-defined security. Significant growth factors in the payment security market include increased use of advanced payment options, the requirement to adhere to PCI DSS requirements, and increased fraudulent activities on eCommerce. The market is divided into parts, association sizes, industry verticals, and geographical areas. The arrangement market is expected to be larger during the projected timeframe than the administration market. The increased necessity to protect online company-sensitive transactions from cutting-edge digital attacks is the reason for the rapid growth rate.
Additionally, digital security exercises are now being centered on and modified to essential company procedures that minimize IT asset harm, giving the software-defined security industry great development flexibility. Furthermore, growth looked for cloud-based digital security setups is one of the primary factors driving network safety market expansion. In addition, the increased use of mobile apps and stages and changes in the traditional antivirus programming business is opening up lucrative opportunities for the network security market. Consistent requirements to adjust to network security industry norms, guidelines, and complexity of gadget security are part of the primary factors driving network security Software-Defined Security Industry Developments.
Network security exercises are now being centered on and changed to essential company exercises to limit IT asset harm, giving the software-defined security industry great development flexibility. It will likely benefit from the increased need for reliable validation procedures, particularly following rapidly growing far-off working habits post-COVID-19. IBM X-Force has seen a 4,300% increase in Covid-themed spam since February. While businesses are concerned with lately pressing issues such as labor force prosperity, the shift to remote work, accounts convenience, and the adaptability of activities, cyberattack risks are increasing. Security pioneers, from SMBs to large enterprises, must focus on the whole risk lifecycle, including planning and recognition, in-the-moment response, etc. Similarly, the growing demand for strong confirmation methods, particularly after a rapidly evolving far-off functioning pattern post-COVID-19, is projected to supply lucrative liberties to the digital security industry.
For instance, the LATAM area is projected to lead interconnect bandwidth capacity installation expansion by a 50% CAGR, with enterprises operating in the region providing 1,479 Tbsp. by 2023, based on Equinix's GXI research. As cloud demand develops, some providers are seeing an increase in usage, which is boosting expenses. Thus, it is anticipated that demand for Software-Defined Security will increase throughout the projection period due to the rising adoption of sophisticated payment alternatives. Thus, driving the Software-Defined Security market revenue.
Software-Defined Security Market Segment Insights
Software-Defined Security Component Insights
The Software-Defined Security market segmentation, based on Components, includes solutions and services. The solutions segment dominated the market, accounting for 52% of market revenue (USD 3.80 Billion) in 2022. Organizations make investments in software-based security solutions to protect networks and valuable possessions.
Software-Defined Security Enforcement Point Insights
The Software-Defined Security market segmentation, based on Enforcement Point, includes network security gateway and others. The network security gateway category generated the highest market revenue of about 75% (USD 5.5 billion) in 2022. It allows an organization to build and share unique flow management and network control algorithms and bring considerably greater intelligence and flexibility to the management plane.
Figure 2: Software-Defined Security Market, by Enforcement Point, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Software-Defined Security Deployment Mode Insights
The Software-Defined Security market segmentation, based on Deployment Mode, includes cloud and on-premises. The cloud segment dominated the market, accounting for 57% of market revenue (USD 4.16 billion) in 2022. Cloud infrastructure is built to address new and growing demands, notably regarding vertical and horizontal scalability and security. Cloud-based settings will often use technology and security solutions that may expand ly and easily, regardless of location.
Software-Defined Security End-Users Insights
The Software-Defined Security market segmentation, based on End-Users, includes telecom and cloud service providers. The cloud service providers segment dominated the market, accounting for 65% of market revenue (USD 4.75 Billion) in 2022. Digitalization will increase cloud delivery challenges and push IT to rely more on services and software rather than hardware-defined compromises. As an outcome, cloud service providers can leverage software-defined capabilities.
Software-Defined Security Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Software-Defined Security market area will dominate during the projected timeframe because of established commercial and security architecture, which will boost the market growth in the North American region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Software-Defined Security Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Software-Defined Security market accounts for the second-largest market share due to the businesses expanding their market reach by adding resellers and distribution partners. Further, the German Software-Defined Security market holds the largest market share, and the UK Software-Defined Security market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Software-Defined Security Market is expected to grow quickly during the projected timeframe. This is due to rising entrepreneurial exercises, foreign direct investment, and public and private connections, which will boost the market growth in the APAC region. Moreover, China’s Software-Defined Security market dominates the market share, and the Indian Software-Defined Security market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Software-Defined Security Key Market Players & Competitive Insights
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Software-Defined Security market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Software-Defined Security industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Software-Defined Security industry to benefit customers and capture untapped market share and revenue. The Software-Defined Security industry has recently offered significant advantages to the Information Technology industry. Moreover, more industry participants are utilizing and adopting cutting-edge Technology has grown substantially. Major players in the Software-Defined Security market, including Intel Corporation (California), Cisco Systems (California), Juniper Networks (California, Dell Inc. (US), Check Point Technologies (Israel), Symantec Corporation (California), Palo Alto Networks (California), Citrix Systems Inc (US), Catbird Networks Inc (US), Certes Networks Inc (US), and Versa Networks Inc (US), are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Cybeats Tools Inc provides cybersecurity endpoint detection and reaction (EDR) for Internet of Things (IoT) linked devices. Cybeats acts as a single point of contact for the software distribution network. SBOMs in all recognized languages (SPDX and CycloneDX) are smoothly ingested by our platform. Proactively identify and mitigate risk throughout the software manufacturing process, from procurement through creation and installation. They established a strategic partnership with Veracode, a significant testing producer for application security remedies, in September 2022. The alliance will use complementary expertise to ensure customers receive the finest security solutions possible.
Oracle Corp. provides solutions and services covering every business IT environment area. Lawrence j. Ellison, Robert N. Miner, and Edward A. Oates started the corporation on June 16, 1977, and it is located in Redwood City, California. It operates in three divisions: cloud and licensing, hardware, and services. In May 2022, Oracle enhanced Oracle Cloud Infrastructure's built-in security features and services to aid clients in securing their cloud-based applications and information from possible attacks. These developments will assist organizations in protecting cloud deployments and applications by delivering simple, directive, and combined services.
Key Companies in the Software-Defined Security market include
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Intel Corporation (California)
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Cisco Systems (California)
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Juniper Networks (California)
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Dell Inc. (US)
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Check Point Technologies (Israel)
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Symantec Corporation (California)
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Palo Alto Networks (California)
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Citrix Systems Inc (US)
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Catbird Networks Inc (US)
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Certes Networks Inc (US)
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Versa Networks Inc (US)
Software-Defined Security Industry Developments
January 2023 saw Valeo, a leading car supplier and global partner, and C2A Security, a leading provider of cyber security solutions for the self-driving, electric vehicles market, announced that they have entered into a strategic agreement to enhance Valeo’s cyber security services on their product lines being developed and in present operations. This new partnership will address the industry's need for simplified and effective cyber security. Valeo and C2A Security will join forces to equip car manufacturers with an automated cybersecurity solution –thus to keep the attention on safety but also encourage development of new products.
In October 2023, Tata Elxsi announced that it is in collaboration with Indian Institute of Science (IISc) for developing a cyber security solution for automotive sector. The Memorandum of Understanding (MoU) between the two institutions contains this kind of an arrangement. In this regard, Tata Elxsi expects to apply its expertise in AI and machine learning to building EVs and SDVs. Through this research-based partnership, India’s Indian Institute of Science (IISc), Bangalore would have done some remarkable exploration.
The Versa Networks has lately unveiled Versa Secure SD-LAN which works based on AI/ML-driven SASE or SD-WAN technology. This particular system became the first software-defined branch as well as campus Local Area Network (LAN) with zero trust and loT security on the LAN edge.
October 2022 – Datadog Inc. unveiled Cloud Security Management at its annual user conference today in New York City. Developed through EGOSEC’s cloud workload protection platform (CWPP), this software consolidates Cloud Workload Protection Platforms (CWPPs), Cloud Security Posture Management (CSPM), incident management, alerting, reporting, etc, into one single platform so that DevOps staff can spot misconfigurations or secure cloud-native applications or Threat Detection capabilities for DevSecOps teams.
Cybeats Technologies Inc. announced a strategic partnership with Veracode, a leading global provider of application security testing solutions, to deliver software supply chain risk and security technologies. This collaboration brings together complementary expertise to ensure customers get the best cybersecurity solutions.
May 2022 saw Oracle enhance the built-in security capabilities and services in Oracle Cloud Infrastructure (OCI) that help to secure cloud applications and data for clients. Five new features, including a new cloud-native, built-in firewall service along with additions to Oracle Security Zones and Oracle Cloud Guard, complete OCI’s already extensive security offering. These improvements will allow enterprises to protect their cloud deployments and applications through simplified, prescriptive, integrated offerings.
Software-Defined Security Market Segmentation
Software-Defined Security Component Outlook
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Solutions
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Services
Software-Defined Security Enforcement Point Outlook
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Network security gateways
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Others
Software-Defined Security Deployment Mode Outlook
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Cloud
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On-premises
Software-Defined Security End-Users Outlook
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Telecom
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Cloud service providers
Software-Defined Security Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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