Global Software Defined Security Market to Reach a Value of About US$ 3,800 Mn in the
Year 2022, Software Platform Segment is the Largest in Component Type
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.
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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.
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.
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.
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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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