North America Software Defined Security Market By End User (Telecom Service Providers, Cloud Service Providers and Enterprises), By Application (Application and Mobile Device Security, Virtual Machines/Storage Security/ Servers, Network Security Gateways and Others), By Component (Solution and Services), By Deployment Mode (On-premise and Cloud), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America Software Defined Security Market would witness market growth of 25.04% CAGR during the forecast period (2021-2027).
Software-Defined models offer a stringent framework of access for particular networks, resources, and applications. Software-Defined Firewall is capable of preventing credential theft, ransomware, internal network attacks, and man-in-the-middle attacks. Factors such as a growing requirement for policy-based security architecture to reduce network complexity, large-scale adoption of cloud-based applications, and a growing need for regulation and enforcement to improve network security are anticipated to fuel the growth of the software defined security market during the forecasting period.
North America is a promising market for software defined security. In addition, the companies in the region are willing to enhance their security posture by implementing advanced security solutions which would accelerate the growth of the regional software defined security market in the upcoming years. In addition, the adoption rate of these solutions is highest in the United States. Factors such as the existence of many large enterprises, the rise in cases of cyber-attacks, and the growing number of hosted servers in the country are responsible for this growth.
Additionally, the US is home to some of the popular cloud security-providing organizations and cybersecurity companies. Businesses across retail, healthcare, transportation, and others are quickly realizing the importance of enhanced security architecture that can safeguard their sensitive data, thereby significantly accelerating the growth of software defined security solutions in the regional market.
The USA market dominated the North America Software Defined Security Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8,076.3 Million by 2027. The Canada market is poised to grow at a CAGR of 27.9% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 25.7% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Telecom Service Providers
- Cloud Service Providers and
- Application and Mobile Device Security
- Virtual Machines/Storage Security/ Servers
- Network Security Gateways and
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
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