Segments - Software Defined Perimeter Market by Deployments (Cloud and On-premise), Applications (E-commerce & Retail, Telecom & IT, Government, BFSI, Defense, Healthcare, and Others), Enforcement Points (End-point, Gateway, and Controller), Organizations (Large Enterprises and Small & Medium Enterprises), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global software defined perimeter market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising implementation of cloud technology and increasing need of programmable and scalable security infrastructure.
Software-defined Perimeter (SDP) is a security based approach that provides access to enterprise applications. It help to diminish network-based attacks. SDP is used to protect data and cloud-based applications, which allows organizations to limit network access and provide secure, customized, and manageable access to networked systems. Typical SDP is composed of SDP host and controller. Host can accept or initiate connections and controller manage these actions. SDP services and solutions empowers IT managers to deploy gateways over the cloud or on-premises, thus safeguarding employees remote access to applications, and keeping sensitive data within the organizational network.
The COVID-19 pandemic outbreak had brought positive impact on the market. During pandemic, work from home policy is implemented by many organizations which increased the demand of SDP for data security and safe remote access to applications for employees. Additionally, SDP solutions are used by healthcare sector during pandemic for safeguarding and managing patient’s data.
The report on the global software defined perimeter market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Software Defined Perimeter Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Deployments (Cloud and On-premise), Applications (E-commerce & Retail, Telecom & IT, Government, BFSI, Defense, Healthcare, and Others), Enforcement Points (End-point, Gateway, and Controller), and Organizations (Large Enterprises and Small & Medium Enterprises) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Cisco Systems Inc.; Fortinet Inc.; Check Point Software Technologies Ltd.; Certes Networks; Palo Alto Networks Inc.; Intel Corp.; Juniper Networks; Symantec Corp.; Catbird Networks Inc.; and EMC RSA |
Based on deployments, the global software defined perimeter market is bifurcated into cloud and on-premise. The cloud segment is expected to grow at a rapid pace during the forecast period attributed to its cost effectiveness nature, continual development, better use of technology, and easy sharing of infrastructure among multiple users and offices. However, the on-premise segment is anticipated to expand at a substantial CAGR in the coming years due to rising cyber security concern and easy integration with existing operational and IT systems.
In terms of applications, the market is divided into E-commerce & retail, telecom & IT, government, BFSI, defense, healthcare, and others. The telecom & IT segment is expected to account for a major market share during the projected timeline owing to high data breaches and accessing the restricted infrastructure. Moreover, adoption of SDP solution increased in telecom & IT sector as demand for streamlined security of the structure, is driving the segment growth further. On the other hand, the BFSI segment is projected to expand at a considerable CAGR during the forecast period due to increasing data traffic which lead to unauthorized access, for authentication of user SDP solution is used in BFSI sector to prevent from financial fraud.
On the basis of enforcement points, the global software defined perimeter market is fragmented into end-point, gateway, and controller. The gateway segment is estimated to account for a significant market share during the forecast period attributed to that gateway verifies the identity of the requesting device and also authenticates the user. Additionally, gateway connectivity type plays an important role in the transport layer security connections, which is developed to deliver communication security is major driver of the segment. However, the controller segment is anticipated to grow at a high CAGR during the projected period attributed to use of controller in configuration the client and gateway in real-time.
Based on organizations, the market is bifurcated into large enterprises and small & medium enterprises. The large enterprise segment is estimated to expand at robust growth rate during the forecast period owing to large volume of data which need to be secured. Furthermore, SDP enables large organizations to identify an illegal user even if the user holds legal user credentials, which is projected to accelerate the segment growth further. On the other hand, the small & medium enterprise segment is projected to expand a considerable CAGR during the forecast period attributed to the increasing adoption of SDP solutions to prevent from cyber-attack.
In terms of region, the global software defined perimeter market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to boost in the need of data security, stringent regulations by government bodies for data security in the region, and rising trend of bring your own device at work. However, the North America market is anticipated to grow at a rapid pace during the forecast period due to the increasing adoption of SDP solutions by large enterprises in the region to avoid data insecurity over the heavy traffic network.
The global software defined perimeter market has been segmented on the basis of
Key players competing in the global software defined perimeter market are Cisco Systems Inc.; Fortinet Inc.; Check Point Software Technologies Ltd.; Certes Networks; Palo Alto Networks Inc.; Intel Corp.; Juniper Networks; Symantec Corp.; Catbird Networks Inc.; and EMC RSA
Companies are focusing on investment in R&D for the development of cost effective and more secure SDP solutions for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in May 2017, Verizon the U.S. based wireless network operator announced a launch of SDP services. This services are developed for enterprises to block and identify cyber-attacks by creating a virtual perimeter around the network.
In January 2019, ForceNock security Ltd., a web Application and Application Program Interface protection start-up in Israel acquired by Check Point Software Technologies Ltd. This acquisition was aimed to integrate the ForceNock’s technology into Checkpoints Infinity Architecture to strengthen its machine learning capabilities and provide highest security against cyber-attacks.