Cloud-based Infrastructure to Impact Software-Defined Security Market Share Positively
Software-Defined Security Market Share
The global software-defined security market is accounted to reach a valuation of USD 2.19 billion in 2017 to USD 11.13 billion by 2023 as Market Research Future (MRFR) revealed in its reports. The market is also set to register a CAGR of 31.40% in the forecast period by 2023 due to booming cloud-based infrastructure market, growing concerns of management of data. These factors are immensely helping the existing organizations to deploy automated management systems.
The effective software-defined security requires proper implementation of adequate security through a controller which can be a software itself or an application. Such an advanced security model assists in protecting various security-related matters as threat detection, alert and access control, network segmentation and more.
This completely automated system offers less human interference and maximum scope of security from unwanted activities. Convenient designed and cost-effective, the security-based software is much compatible in its functionality as compared to the conventional security models.
Factors Driving the Market Growth
The assessment of the global software-defined security market is increasing with advanced technology where software-defined security is receiving a significant spotlight in managing information security. Some of the chief influencers of software-defined security market growth are concerned with incorporation of cloud-based technology, demand for managing unstructured data and ease of integration of identity & access management, prevention of data loss and more.
However, due to lack of technical expertise and lack of industry regulators, many companies are evading from the software-defined security practice, resultantly, hampering the market growth. Considering it, several companies are contributing by implementing the security software to overcome the restraints and hence, boosting the global software-defined security market with a good share in the years to come. Hence, the global software-defined security market is expected to gain a splendid valuation of USD 11.13 billion until the year 2023.
Industry Trend:
Huawei’s SDSec Solution’s innovative features include artificial intelligence (AI) based threat response, software-defined network-security defense, and intelligent security policy optimization. Its primary target is to increase the defense mechanism of the system and has started garnering accolades from many corners.
Cisco is joining hands with NetApp to develop a better portfolio for themselves by improving the software-defined segments considerably. This is a good sign for the software-defined security market prospects.
Market Insights:
The software-defined security market is constantly evolving as technological upgradation is causing rapid changes. Major companies are convinced of tactical steps for further market expansion and are employing strategies such as product launch, merger, acquisitions, joint venture, and others. For instance, VMware Inc. is planning on acquiring CloudHealth Technologies to make a solid statement in this software-defined security market. The company has also purchased VeloCloud to take on arch-rival Cisco.
Some of the major players in global software-defined security market include Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), EMC Corporation (U.S.), VMware Inc. (U.S.), Citrix Systems Inc. (U.S.), Fujitsu LTD. (Japan), Symantec Corporation (U.S.), Ericsson Inc. (Sweden), IBM Corporation (U.S.), Dell Inc. (U.S.), and others.
More Information@ https://www.marketresearchfuture.com/reports/software-defined-security-market-1616
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