Software Defined Perimeter Market

Software Defined Perimeter Market is estimated to grow at a 36.7% CAGR during the forecast period and anticipated to reach USD 35,098 million by 2027.

Introduction of the Software Defined Perimeter Market Report

A software defined perimeter (SDP) enables the IT managers to deploy gateways on-premises or over the cloud to secure employee’s remote access to cloud and on-premises applications while keeping the sensitive data within the company’s network. It builds a one-to-one network connection between users and the data an individual accesses. SDP offers consistent security across hybrid and multi-cloud environments and is more advanced than using direct connect which allows an entire internal IP range to access cloud network.

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Market Dynamic

Key Drivers and Emerging Trends

The global software defined perimeter market is predicted to have strong demand during the forecast period. The rising adoption of cloud technology, followed by the increasing requirement for scalable and programmable security architecture, are the two major factors that are contributing to the growth of the market in the coming years. The emergence of the Internet of Things (IoT) and changing Bring Your Own Devices (BYOD) trends have surged the demand for software defined perimeter. Software defined perimeter (SNP) allows small and large companies to offer controllable, protected, and reactive access to networked systems. Therefore, it is cheaper and easier to deploy SDP than the other fire and other technologies. It also stops various forms of attacks such as Distributed Denial of Service (DDoS), Man-in-the-Middle (MITM), Server Query, and Advanced Persistent Threat (APT). The enterprises are dependent on Multi Factor Authentication (MFA) and Virtual Point-to-Point (VPN), manage admittance to the global supply chain linkage that are exposed to moving malware that extends from the devices of authorized users.

There is a strong presence of various technology giants such as Check Point Software Technologies Ltd., Cisco Systems, Inc., Intel Corporation, Fortinet Inc., and other companies. Cisco Systems, Inc., is one of the leading players in the software defined perimeter market, announced the production of a next generation and hyperconnected car. The SDP architecture, in-vehicle network sets the stage for adaptive technologies and provides integrated, multi-layer security, and full end-to-end networking, thus enabling true sensor integration. This factor will have a positive impact on the growth of the software defined perimeter market size.

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Component – Segment Analysis

Based on the component, the security compliance and policy management is predicted to grow at a faster CAGR during the forecast period. SDP solution delivers a centralized security compliance and policy management solution by automating the entire security compliance and policy management process deployed through software, appliances, and hosted SaaS. It also saves time and money and improves the productivity by allowing the businesses to emphasis on their major tasks. All these exceptional benefits are attracting end-users toward this segment.

Deployment Mode – Segment Analysis

Based on the deployment mode, the cloud segment is projected to dominate the market during the forecast period. The cloud systems use technology in a better way and allow easy sharing of infrastructure across various users and offices, thus providing higher scalability and decreasing the cost of implementation. The combination of these factors are driving the growth of the segment in the market over the coming years.

Organization Size – Segment Analysis

Based on the organization size, the large enterprises segment is expected to grow at a faster CAGR during the forecast period. Large companies have huge amount of finance, accounts, data, and other company information. Hence. such high-end critical information needs to be stored and safely used by the authorized users. The user performs various confidential tasks while SDP monitors the behavioural changes in the environment. Thus, the rising amount of data related to finance and other relevant information is driving the growth of the segment.

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Regional – Segment Analysis:

Based on the region, North America region is predicted to dominate the market during the forecast period. North America region is one of the most advanced regions in terms of security technology adoption and infrastructure. There has been a significant increase in the adoption of software defined perimeter, particularly among large organization as they have high performance, better efficiency, and avoid data insecurity during heavy traffic network.

Top Market Players

Various notable players operating in the market include Check Point Software Technologies Ltd., Cisco Systems, Palo Alto Networks, Intel Corporation, Fortinet, Inc., Akamai Technologies, Okta, Proofpoint, Verizon, and Cato Networks, among others. 

Key Developments:

• • In 2019, Palo Alto Networks acquired Aporeto, a machine identity-based micro segmentation company. Through this acquisition, the company planned to strengthen its Cloud native Security Platform.
  • In 2019, Check Point Software Technologies Ltd., acquired ForceNock, a web application and application program interface (API) Protection start-op, to integrate the ForceNock’s technology with its protection architecture.

Segments covered in the Report:

The global software defined perimeter market has been segmented on the basis of component, connectivity, deployment mode, organization size, user type, and regions. Based on component, the market is segmented into solutions and services. Based on connectivity, the market is segmented into controller, gateway, and end point. Based on deployment mode, the market is segmented into on-premises and cloud. Based on organization size the market is segmented into large enterprises and small and medium-sized enterprises. Based on user type the market is segmented into government and defense, IT and telecom, banking, financial services and insurance, manufacturing, healthcare, retail and e-commerce, and others. 

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Key questions answered in this research report:

• • At what pace is global software defined perimeter market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in software defined perimeter market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global software defined perimeter market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various connectivity areas of global software defined perimeter market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Software Defined Perimeter Market by Component

• • Solutions
  • Services

Global Software Defined Perimeter Market by Connectivity

• • Controller
  • Gateway
  • End Point

Global Software Defined Perimeter Market by Deployment Mode

• • On-Premises
  • Cloud

Global Software Defined Perimeter Market by Organization Size

• • Large Enterprises
  • Small and Medium-Sized Enterprises

Global Software Defined Perimeter Market by User Type

• • Government and Defense
  • IT and Telecom
  • Banking, Financial Services, and Insurance
  • Manufacturing
  • Healthcare
  • Retail and Ecommerce
  • Others

Global Software Defined Perimeter Market by Region

• • North America Software Defined Perimeter Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Connectivity
    • By Deployment Mode
    • By Organization Size
    • By User Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Software Defined Perimeter Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By Connectivity
    • By Deployment Mode
    • By Organization Size
    • By User Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Software Defined Perimeter Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By Connectivity
    • By Deployment Mode
    • By Organization Size
    • By User Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Software Defined Perimeter Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By Connectivity
    • By Deployment Mode
    • By Organization Size
    • By User Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Software Defined Perimeter (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Check Point Software Technologies Ltd.
  • Cisco Systems
  • Palo Alto Networks
  • Intel Corporation
  • Fortinet, Inc.,
  • Akamai Technologies
  • Okta
  • Proofpoint
  • Verizon
  • Cato Networks