The global software-defined security market is projected to reach USD 57.36 billion by 2030, according to a new report by Market Research Future (MRFR). The market is expected to grow at a CAGR of 29.51% during the forecast period (2023-2030).

The growth of the software-defined security market is being driven by the increasing adoption of cloud-based computing services, growing business concerns about virtualized network security, and rising demand for unstructured data management. The increasing number of cyberattacks and data breaches is also contributing to the growth of the market.

The market is segmented on the basis of component, deployment mode, enforcement point, end-user, and region. By component, the market is bifurcated into solutions and services. The solutions segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing demand for software-defined security solutions that can provide comprehensive protection against a wide range of cyberattacks.

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The market is segmented on the basis of component, enforcement point, deployment mode, end-user, and region.

By component: 

The market is segmented into solutions and services. The solutions segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing demand for software-defined security solutions that can provide comprehensive security protection for networks and data.

By enforcement point: 

The market is segmented into network security gateways, application and mobile device security, server security, and others. The network security gateways segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing need for network security solutions that can protect networks from cyberattacks.

By deployment mode: 

The market is segmented into cloud and on-premise. The cloud segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing adoption of cloud computing and the growing demand for security solutions that can be easily deployed and managed in the cloud.

By end-user:

The market is segmented into telecom service providers, cloud service providers, and enterprises. The enterprises segment is expected to account for the largest share of the market during the forecast period. This is due to the increasing need for security solutions by enterprises to protect their networks and data from cyberattacks.

By region: 

The market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to account for the largest share of the market during the forecast period. This is due to the early adoption of new technologies and the presence of a large number of enterprises in the region.

The key players operating in the global software-defined security market are Intel Corporation, Juniper Networks, Cisco Systems, Dell Inc., Symantec Corporation, Check Point Technologies, Palo Alto Networks, Catbird Networks Inc., Versa Networks Inc., Citrix Systems Inc., Certes Networks Inc., and Cloud Passage Inc.

The software-defined security market is expected to grow at a significant rate during the forecast period due to the increasing adoption of cloud-based computing services, growing business concerns about virtualized network security, and rising demand for unstructured data management. The increasing number of cyberattacks and data breaches is also contributing to the growth of the market.