The Latin America, Middle East and Africa Software Defined Security Market would witness market growth of 26.30% CAGR during the forecast period (2021-2027).
Software-defined security helps to facilitate the installation of robust security with the help of a controller that is managed by the software of an application. By adopting software-defined security, companies can drastically reduce security attacks and threats. Moreover, this security infrastructure provides visibility of all the information from one source.
Also, the requirement for security solutions has been increased due to the failure of gate security in networks to avoid attackers and breaches. Additionally, the massive penetration of the Internet across the globe is increasing the number of social media scams and malware attacks on mobile phones.
Software defined security enable the controller to have a global network view make this security model highly popular among the companies existing in the regional market. In addition, networks covered under this security model have more number of control capabilities in comparison to conventional networks. Also, many organizations are realizing the higher security offered by the software defined security solutions which would ultimately boost the growth and demand for such solutions in the regional market.
The Brazil market dominated the LAMEA Software Defined Security Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $469.9 Million by 2027. The Argentina market is anticipated to grow at a CAGR of 27% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 25.7% during (2021 - 2027).
Based on End User, the market is segmented into Telecom Service Providers, Cloud Service Providers and Enterprises. Based on Application, the market is segmented into Application and Mobile Device Security, Virtual Machines/Storage Security/ Servers, Network Security Gateways and Others. Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Software Defined Security Market is Predict to reach $26.70 billion by 2027, at a CAGR of 25.52%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Fortinet, Inc., VMware, Inc., Intel Corporation, Broadcom, Inc. (Symentec Corporation), Hewlett Packard Enterprise Company, Micro Focus International PLC, Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Juniper Networks, Inc.
By End User
By Application
By Component
By Deployment
By Country
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