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Software Defined Security Market is Projected to Experience Immense Growth By 2026

Press Release   •   Feb 12, 2017 04:55 EST

With the growing usage of IT enabled services for modern technologies such as cloud, virtualization, and mobility, usage of security solutions has also increased to protect virtualized and cloud infrastructure based services. Moreover, this technology is adopted to ensure the security measures should work properly whether business application is deployed in cloud or on-premises.

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This Software-defined security works with the help of virtualized solutions to avoid usage of traditional security methods and to improve security layers. This security approach helps in automating the security management and reducing errors, workloads.

The use of Software-defined security includes controllers that use the concept of network function virtualization to deploy network function in hardware managed through Third Party Company. It helps by controlling enterprise network traffic. These controllers also provide help in routing, service chain enablement and firewall control.

The major factor driving the adoption of Software-defined security is the rising concern among enterprises for the security of virtualized infrastructure. This approach is created to help organizations to deploy and automate their network security management. Many organizations are moving towards the adoption of virtualization technology, cloud technology, due to which they are demanding network security solutions that can be easily managed, customized and provides security without control of any physically-oriented elements such as hardware. Other features due to which Software-defined security is being adopted; it works by integrating with other technologies such as data loss prevention, identity and access management and other software-defined networking technologies.

The key challenge in the Software-defined security is the limited awareness of security solutions for virtualized environment. This approach is still in its introductory phase due to which many organizations do not know about its benefits and usage. Companies are using software defined networking but avoid using virtualization-based security solutions. Moreover, due to lack of industry regulations for Software-defined security, many enterprises avoid using it. These challenges will overcome in few years with the growth of this market.

Software Defined Security Market: Segmentation

Segmentation on the basis of component:

  • Security orchestration platform
  • Open Security Controller

Segmentation on the basis of applications:

  • Network monitoring
  • Intrusion detection
  • Firewall control
  • Access control
  • Content filtering and malware control

Key Contracts:

In November 2016, BC Partners and Medina Capital enter into the agreement to acquire Catbird, one of the leading company in software defined security. With the help of this acquisition, a joint venture company will be created for secure infrastructure solutions.

In September 2016, HPE has entered into the partnership with Arista Networks, a network switching company. This partnership will help HPE to provide software defined network security solutions and to improve its market share in networking.

In June 2016, Vmware acquired Arkin Net, a software-defined security solution provider to provide Vmware customers more options in software-defined networking portfolio. This partnership will also help in Vmware to deliver automation, security and continuity for business applications.

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In Software defined security market there are many vendors some of them are Palo Alto networks, Intel, HPE, Cisco, Catbird, Fortinet, Juniper networks, EMC, Extreme Networks, Huawei and Kaspersky Lab.

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