The Europe Software Defined Security Market would witness market growth of 24.62% CAGR during the forecast period (2021-2027).
Software-defined security (SDS) is considered as a form of security model wherein the security software installs, controls, and manages information security in a computing landscape. In addition, this security model is managed by software, policy-oriented, and governed security wherein the majority of the security controls like network segmentation, intrusion detection, and access controls are automated and tracked through software. Some of the growth factors for the market are the growing requirement for quick response, superior security, and the growing utilization of cloud services. In addition, constant technological developments and massive investments by private-public bodies would fuel the market growth.
The regulatory bodies of the EU have been increasingly creating regulations on cloud computing since the acceptance of the first European Cloud Computing Strategy in 2012. Presently, the major goal of these bodies is to leverage the efficiency that could be gained by high access to the best-in-class business application and/or significantly fuelling their infrastructure resources at an optimized cost. Thus, these applications and cloud infrastructure require robust security in order to avoid security breaches which cost a significant amount to the businesses.
Thus, these organizations are adopting software defined security solutions in order to increase their security environment, thereby propelling the growth of the market during the forecasting period. Hence, these companies are rapidly moving to security solutions like software defined security to secure their cloud landscape. Thus, these factors are anticipated to support the growth of these solutions in the regional market during the forecasting period.
The Germany market dominated the Europe Software Defined Security Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,712.3 Million by 2027. The UK market is poised to grow at a CAGR of 23.4% during (2021 - 2027). Additionally, The France market would experience a CAGR of 26.1% during (2021 - 2027).
Based on End User, the market is segmented into Telecom Service Providers, Cloud Service Providers and Enterprises. Based on Application, the market is segmented into Application and Mobile Device Security, Virtual Machines/Storage Security/ Servers, Network Security Gateways and Others. Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Software Defined Security Market Size will Hit $26.70 billion by 2027, at a CAGR of 25.52%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Fortinet, Inc., VMware, Inc., Intel Corporation, Broadcom, Inc. (Symentec Corporation), Hewlett Packard Enterprise Company, Micro Focus International PLC, Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Juniper Networks, Inc.
By End User
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