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Global Software-Defined Security (SDSec) Market Worth $6.76 Billion by 2021 - Key Players are Cisco Systems, Catbird Networks & Symantec Corporation - Research and Markets

[September 30, 2016]

Global Software-Defined Security (SDSec) Market Worth $6.76 Billion by 2021 - Key Players are Cisco Systems, Catbird Networks & Symantec Corporation - Research and Markets

Research and Markets has announced the addition of the "Software-Defined Security Market by Component, Enforcement Point, Deployment Mode, End User - Global Forecast to 2021" report to their offering.

The Software-Defined Security market size is expected to grow from USD 1.59 Billion in 2016 to USD 6.76 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 33.6%.

Major growth drivers of the SDSec market are need for policy-driven, scalable, and programmable security architecture; faster response against threats/risks and requirement for increased security; security staffing and budgeting constraints along with increasing surge in cloud services. These factors are expected to shape the future of the SDSec market.

North America occupies the largest share in the market while MEA is expected to grow with the highest CAGR. The awareness about the potential benefits of SDSec in MEA is expected to drive the market. Many companies are strategically adding resellers and distribution partners in their marketing channel in the region to leverage the potential market and increase their market reach.

The restraining factors of Software-Defined Security market are lack of industry standard and need for security awareness in virtualization environment. The SDSec security model is in the process of expansion and improvement. It is still being considered as a new technology under the umbrella of security solutions.

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