According to a new report Global Software Defined Security Market, published by KBV research, The Global Software Defined Security Market size is expected to reach $26.70 billion by 2027, rising at a market growth of 25.52% CAGR during the forecast period.
The Telecom Service Providers market dominated the Global Software Defined Security Market by End User 2020 thereby, growing at a CAGR of 25.8% during the forecast period. Since telecom service providers manage a wide network over and within different boundaries, the significance of security over these networks has increased. In addition, by adopting software defined security, telecom service providers can reduce human intervention in the network operations, which can ultimately lead to better efficiency and more profit.
The Application and Mobile Device Security market dominated the Global Software Defined Security Market by Application in 2020, thereby, growing at a CAGR of 25.3% during the forecast period. With the emergence of 5G technology for mobile devices, a user can connect with the digital world in lesser time and more efficiency. However, the risk of security breaches is also high in the usage of application and mobile devices, which makes it important to deploy software defined security solutions.
The Solution market dominated the Global Software Defined Security Market by Component in 2020 thereby growing at a CAGR of 24.9% during the forecast period. . The majority of the solution providers are modifying their existing products with an aim to incorporate with the SDN layer and use the concepts of Network functions virtualization (NFV). This is expected to enable companies that have put massive investments in security solutions to develop and include these technology integrations according to their choice.
The On-premise market dominated the Global Software Defined Security Market by Deployment Mode in 2020, thereby, growing at a CAGR of 24.5% during the forecast period. There are many companies that prefer on-premise solutions since they are more reliable, safe and less vulnerable to security breaches. This deployment type also helps companies to maintain and manage their operations as per their regulations and requirements.
The North America market dominated the Global Software Defined Security Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $10,439.9 Million by 2027. The Europe market is estimated to witness a CAGR of 24.6% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 27.1% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/software-defined-security-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BASF SE, Koninklijke DSM N.V., Kerry Group PLC, DuPont de Nemours, Inc., Associated British Foods PLC (Wittington Investments Limited), Novozymes A/S, Advanced Enzyme Technologies Limited, Amano Enzyme, Inc., Sternenzym GMBH & CO. KG, and Lallemand, Inc.
By End User
By Application
By Component
By Deployment
By Geography
Companies Profiled
Unique Offerings 
