The Software Defined Perimeter Market size was USD 8.67 Billion in 2023 and is expected to Reach USD 50.36 Billion by 2031 and grow at a CAGR of 24.6% over the forecast period of 2024-2031.
The Software Defined Perimeter (SDP) market is experiencing a surge in growth driven by the increasing need for robust cybersecurity solutions in an era where traditional network security measures are proving inadequate. SDP offers a paradigm shift by dynamically creating secure and isolated connections between users and resources, irrespective of their location, thus mitigating the risks associated with traditional perimeter-based security models. This flexibility and adaptability make SDP an attractive choice for enterprises seeking to fortify their defenses against evolving cyber threats.
Moreover, the growing sophistication of cyberattacks, including advanced persistent threats (APTs) and insider threats, underscores the need for more resilient security architectures. SDP provides granular access control and encryption mechanisms, significantly reducing the attack surface and minimizing the impact of security breaches. Furthermore, the scalability and agility offered by SDP solutions enable organizations to adapt to dynamic business environments and rapidly changing threat landscapes, enhancing their overall cybersecurity posture.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Software Defined Perimeter industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Software Defined Perimeter market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
VeloCloud Networks, Inc., Intel Corporation, Check Point Software Technologies Ltd., Symantec Corporation, Vidder, Inc., Fortinet, Inc., Cisco Systems, Inc., Palo Alto Networks, Catbird, Inc., and Cryptzone North America Inc
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Software Defined Perimeter market.
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It has segmented the global Software Defined Perimeter market
By Connectivity
- Controller
- Gateway
- Endpoint
By Deployment Mode
- On-premises
- Cloud
By Organization Size
- Large Enterprise
- Small and Medium Size Enterprise
By End-User
- Government
- Telecom
- Banking
- Financial Services
- Insurance
- Manufacturing
- Healthcare
- Retail
- Other
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Software Defined Perimeter' market report.
- The study offers a full business size Software Defined Perimeter' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Software Defined Perimeterof market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Software Defined Perimeter'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Software Defined Perimeter' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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Software Defined Perimeter MarketThe global software defined perimeter market is projected to witness a rapid growth during the forecast period.
The growing demand for software defined perimeter among enterprises as it minimizes the maximum communal network-based attacks.The global software defined perimeter market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
The U.S., Mexico, and New York are anticipated to drive the growth of the software defined perimeter market owing to the presence of large number of established key players such as Check Point Software Technologies Ltd. (Israel), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), Symantec Corporation (U.S.), EMC RSA (U.S.), Fortinet, Inc. (U.S.), Juniper Networks, Inc. (U.S.).
Other aspects such as the emerging economies and technological advancement in software defined perimeter is aiding the market in the region.The global software defined perimeter market is projected to reach USD 7899 billion at a CAGR of over 35% by the end of the forecast period 2017-2023.
By component segment, the market consists of solutions & service.
Solutions consists of security software, which is further sub-segmented into risk analytics and visualization, access control, ids, and IPS, data loss prevention and others.
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.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141863014Browse 105 market data Tables and 39 Figures spread through 174 Pages and in-depth TOC on "Software Defined Perimeter Market - Global Forecast to 2024"The 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.
Software Defined Perimeter MarketThe 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.
Besides, the growing adoption of cloud-based applications is a pivotal factor leading to the market expansion during the assessment period.
However, the condition for deploying SDP and lack of awareness of security is likely to impede the market expansion during the assessment period.FREE PDF@ https://www.marketresearchfuture.com/sample_request/5453Also, 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.
We will provide an impact analysis report on COVID-19.Market SegmentationThe 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).Geographical AnalysisThe data experts at MRFR have thoroughly analyzed regions such as Asia Pacific, Europe, North America, and Rest of the World (RoW).
