Software-Defined Security Market | Exactitude Consultancy Reports

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Software-Defined Security Market by Component (Solution and Service), by Deployment Mode (Cloud and On-premise), by End-user (Telecom Service Providers, Cloud Service Providers, and Enterprises) and Region, Global trends and forecast from 2023 to 2029

The Software-defined security market is expected to grow at 28.6% CAGR from 2022 to 2029. It is expected to reach above USD 53.34 billion by 2029 from USD 5.54 billion in 2020.

Segment Analysis
The Software-defined security market is segmented based on Product, Biospecimen, Application, and Region, Global trends and forecast.

By component the market is bifurcated into solution and service, by deployment mode market is bifurcated into cloud and on-premise, by end-user market is bifurcated into telecom service providers, cloud service providers, and enterprises; and region.

The solution segment dominated the worldwide software defined security market share in 2019 and is anticipated to continue to do so in the years to come. Some of the main factors propelling market expansion are the requirement for quicker responses, greater security, and increased use of cloud services. It is anticipated that increasing investments and ongoing technological advancements would present chances for participants in the global market to raise capital. The services segment of the market is anticipated to grow at the fastest rate. The market for software defined security is anticipated to be driven by the expanding cloud-based infrastructure sector.

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