Software Defined Perimeter Market Size
The 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. As compared to other regions, the software defined perimeter market in North America region is expected to witness a significant growth and hold the largest market share during the forecast period. 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.). The adoption of advanced technology and high rate of adoption of software defined perimeter among enterprises is set to propel the market growth.
In the global software defined perimeter market, Asia Pacific market is anticipated to witness a relatively faster adoption at a high CAGR during the forecast period. Owing to factors such as growing e-commerce companies and major network issues also contributed to the regional growth of the market. 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.
Some of the key players in the market are reported 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.), Palo Alto Networks (U.S.), Certes Networks, Inc. (U.S.), Catbird, Inc. (U.S.). Vidder, Inc. (U.S.), Cryptzone North America Inc. (U.S.), TrustedPassage (U.S.), and VeloCloud Networks, Inc. (U.S.) and others.
North America accounts for a high share of the global software defined perimeter (SDP) market in terms of value, owing to early adoption of software defined perimeter and rapid rate of technological advancements in the region. In Asia Pacific market, enterprises in countries such as India and China are mostly operating in cloud-based applications, which is further aiding the market growth in the region. It is observed that, Europe and Japan also account for a significant value share in the global software defined perimeter (SDP) market.
Other prominent factors trending the global software defined perimeter (SDP) market include partnerships, product launches, business expansions, and mergers & acquisitions among the software defined perimeter (SDP) providers.
The global Software Defined Perimeter market is segmented by components, enforcement point, deployment, organization size and end-users. 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. The others sub-segment consists of control automation & orchestration solution, security compliance and policy management and & performance management & reporting. The enforcement point consists of controller, gateway & end-point. The services sub-segment consists of support & maintenance, training & education, integration & testing, and consulting. By deployment, the market is segmented into cloud and on-premise. By organization size, the market is segmented into small & medium enterprises and large enterprises. And by end-user segment, the market is segmented into BFSI, telecommunications & IT, retail & wholesales, healthcare & life science, transportation & logistics, media & entertainment, hospitality and others.
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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.
Software Defined Perimeter Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Software Defined Perimeter Market Size.
The growth sectors of the Software Defined Perimeter Market Size are identified with precision for a better growth perspective.The global Software Defined Perimeter market is segmented by components, enforcement point, deployment, organization size and end-users.
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.
The others sub-segment consists of control automation & orchestration solution, security compliance and policy management and & performance management & reporting.
By deployment, the market is segmented into cloud and on-premise.
In addition, it also delivers detailed analysis of regional and country market.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the software-defined perimeter market include CatBird Networks Inc., Certes Networks Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., EMC RSA, Fortinet Inc., Intel Corporation, Juniper Networks Inc., Palo Alto Networks Inc., Symantec Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Software-Defined Perimeter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/software-defined-perimeter-market/download-sampleMarket DynamicsA surge in the adoption of cloud computing, high demands for scalable and programmable security architectures, strict data compliance requirements is expected to steer the growth.
This emerging trend of BYOD and IoT is predicted to drive software-defined perimeter global markets.
The key focus of this security approach is to reduce network-based attacks.
A surge in demand for cloud-based solutions is also foreseen to impact the worldwide growth of the software-defined perimeter market in a positive way.
The global software-defined perimeter market size is anticipated to reach over USD 16 billion by 2025.
It creates dynamic, customized, and restrictive authenticated security for users.
Moreover, the growing trend of BYOD and the increasing adoption of connected devices are expected to create major growth opportunities for the market in the upcoming years.The report also highlights numerous aspects of the global software-defined perimeter industry by evaluating the market through value chain analysis.
Furthermore, the report offers a complete assessment of the market rivalry along with company profiling of local as well as global vendors.Access Complete Report @ https://www.adroitmarketresearch.com/industry-reports/software-defined-perimeter-marketThe software-defined perimeter market has strong competition among the well-established as well as new emerging players.
Also, the software-defined perimeter industry players are targeting prospective markets to capture a competitive advantage over the other industry players by forming agreements, mergers & acquisitions, acquiring new startups & other companies, mergers & acquisitions, forming collaboration and partnerships, and expanding their business existence.Based on the solutions segment, the market is divided into risk analytics and visualization, performance management and reporting, access control, security compliance and policy management, and others.
The growth of this segment is primarily attributed to its capabilities and features such as money & time savings and automation of the entire procedure of security compliance and policy management.The North America region dominated the overall market in 2019 and it is expected to do so throughout the forecast period.
