Software Defined Perimeter Market
The data analysts at Market Research Future Reports (MRFR) have revealed that the global software-defined perimeter market is projected to thrive at a promising CAGR of 35% during the assessment period from 2017 to 2023. The actuating need for programmable security architecture is anticipated to influence the global software-defined perimeter market 2020. Besides, the growing adoption of cloud-based applications is a pivotal factor leading to the market expansion during the assessment period. In addition, the absence of macroeconomic factors and cybersecurity talent is another significant factor resulting in market expansion. However, the condition for deploying SDP and lack of awareness of security is likely to impede the market expansion during the assessment period.
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Also, COVID-19 has resulted in a significant change in global market dynamics. Precise research is being conducted on the aftermath of coronavirus on the global software-defined perimeter market. Various markets are influenced owing to the spread of coronavirus. We will provide an impact analysis report on COVID-19.
Market Segmentation
The worldwide software-defined perimeter market can be divided into enforcement point, organization size, components, deployment, end-users, and geography.
On the basis of enforcement point, the worldwide software-defined perimeter market can be classified into gateway & end-point, and controller.
.On the basis of organization size, the worldwide software-defined perimeter market can be classified into mall & medium enterprises and large enterprises.
On the basis of components, the worldwide software-defined perimeter market can be divided into solutions & service. Solutions can be further divided into visualization, risk analytics, ids, access control, IPS, and data loss prevention.
On the basis of deployment, the worldwide software-defined perimeter market can be classified into cloud and on-premise.
On the basis of end-users, the worldwide software-defined perimeter market can be classified into telecommunications and IT, BFSI, hospitality, retail & wholesales, transportation and logistics, healthcare and life science, media and entertainment, and others.
On the basis of geography, the worldwide software-defined perimeter market can be divided into Asia Pacific, North America, Europe, and Rest of the World (RoW).
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According to a research report "Software Defined Perimeter Market by Component (Solutions and Services), Connectivity, Deployment Mode, Organization Size, User Type (Government & Defense, IT & Telecom, and Retail & eCommerce), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global SDP market size is expected to grow from USD 2.9 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 36.5% during the forecast period.
Major factors fueling the market growth include the rising need for policy-based security architecture to reduce network complexities, increasing adoption of cloud-based applications, and growing need for regulations and compliance to enhance network security.Browse 105 market data Tables and 39 Figures spread through 174 Pages and in-depth TOC on "Software Defined Perimeter Market - Global Forecast to 2024"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141863014The end point connectivity segment to hold the largest market size during the forecast periodThe SDP market by connectivity is segmented into controller, gateways, and end point.
The growth in the connectivity market is associated with the rise in the number of security breaches targeting business networks and applications, where hackers try to gain access to sensitive data.
As vulnerabilities have become more complex and sophisticated, the demand for SDP products is expected to increase, to cater to the growing challenges posed by these threats.By service, the consulting and implementation segment to grow at a higher CAGR during the forecast periodThe SDP market by service is segmented into consulting and implementation services; and training, support, and maintenance services.
The growing need to upgrade and enhance existing SDP solutions and make the deployed solution more robust with the emerging nature of cyberattacks to pave the way for consulting and implementation services in the market.
Consulting and implementation services help companies choose the most suitable SDP solution, depending on their business-specific requirements and user type.North America to hold the largest market size during the forecast periodNorth America is dominating the SDP market, as the region is considered to be the most advanced region with regards to cutting edge security technology adoption and infrastructure.
It is expected to continue its robust growth, thanks to rising challenges with IT security, collaboration, access, and incorporation of technologies like cloud.The SDP solutions promise to provide a stable and robust access to IT firms without the need to deploy their individual security teams, which are expected to reduce costs significantly, and cater to growing demand of a mobile workforce.
Request Sample pages of premium Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=16916An Overview of Security ChallengesRecent history of security hacks present a challenging picture for enterprises around the globe.
These two men caused Medstar Health, and Hollywood Presbyterian Medical Center to lose more than $30 million.
Similar attacks were witnessed in 2019 by Albany in New York, Imperial county in California, Greenville city in North Carolina, and Augusta, Maine.It was reported that over 5 million TSL servers can be impacted as a handling code of the Exim mail transfer agent was leaked to hackers.Key Trends in the SDP MarketThe large sum of losses, extortion payments, and potential liabilities are expected to deter many enterprises to avail the SDP solutions.
It was developed on the back of Defense Information Systems Agency’s work.
Apart from the security, these are expected to be a major boon for the software defined perimeter market in the near future.Among its end-users, the software defined perimeter market caters to a wide range of sectors.
According to a research report "Software Defined Perimeter Market by Component (Solutions and Services), Connectivity, Deployment Mode, Organization Size, User Type (Government & Defense, IT & Telecom, and Retail & eCommerce), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global SDP market size is expected to grow from USD 2.9 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 36.5% during the forecast period.Major factors fueling the market growth include the rising need for policy-based security architecture to reduce network complexities, increasing adoption of cloud-based applications, and growing need for regulations and compliance to enhance network security.Browse and in-depth TOC on "Software Defined Perimeter Market - Global Forecast to 2024"105 - Tables 39 - Figures 174 – PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141863014The end point connectivity segment to hold the largest market size during the forecast periodThe SDP market by connectivity is segmented into controller, gateways, and end point.
The growth in the connectivity market is associated with the rise in the number of security breaches targeting business networks and applications, where hackers try to gain access to sensitive data.
As vulnerabilities have become more complex and sophisticated, the demand for SDP products is expected to increase, to cater to the growing challenges posed by these threats.By service, the consulting and implementation segment to grow at a higher CAGR during the forecast periodThe SDP market by service is segmented into consulting and implementation services, and training, support, and maintenance services.
The growing need to upgrade and enhance existing SDP solutions and make the deployed solution more robust with the emerging nature of cyberattacks to pave the way for consulting and implementation services in the market.
Consulting and implementation services help companies choose the most suitable SDP solution, depending on their business-specific requirements and user type.Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=141863014North America to hold the largest market size during the forecast periodNorth America is dominating the SDP market, as the region is considered to be the most advanced region with regards to cutting edge security technology adoption and infrastructure.
In addition, the region is highly regulated in terms of compliance management.
