Global Software Defined Perimeter Market Outlook
According to a new report by Expert Market Research titled “Global Software Defined Perimeter Market Size, Share, Analysis, Trends, Report, Demand, Forecast 2023-2028″, the global software defined perimeter market reached a value of USD 4.31 billion in 2022. Aided by the increasing cyber threats and the growing necessity of advanced security protocols in various industries, the market is projected to further grow at a CAGR of 33.8% between 2023 and 2028 to reach a value of USD 24.78 billion by 2028.
Software Defined Perimeter (SDP) is a security framework developed and designed to evolve with the changing threat landscape, protecting an organisation’s data and applications irrespective of where they are located. SDP architectures are designed to provide zero-trust security by making network infrastructure effectively “invisible” or “blackened” and granting access only after successful authentication and authorisation.
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The SDP model aims to protect critical resources by reducing the attack surface exposed to potential cyber threats. In this regard, the increasing concerns pertaining to cyber-attacks are one of the key software defined perimeter market trends fuelling the market. This model assumes that no traffic within an organisation’s network, whether from within the organisation or outside, should be trusted by default. Hence, SDP solutions are designed to verify before trusting any connections and are considered a core component of a zero-trust security strategy.
One of the main advantages of an SDP is its ability to hide system components from potentially hostile networks, essentially rendering them invisible and significantly reducing the attack surface. Moreover, its role-based access control gives organisations granular control over who can access specific network resources, thereby providing a strong and adaptable defense mechanism against cyber threats.
The rising occurrence of cyber-attacks, along with the expanding cloud-based solutions, is driving the global software defined perimeter market growth. As organisations continue their digital transformation journey, the necessity for robust and flexible security solutions has been reinforced, leading to a surge in demand for SDP-based products.
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Further, as remote work has become the norm rather than the exception due to events such as the COVID-19 pandemic, there is a growing need for secure, reliable, and scalable solutions to provide remote access to company resources. This transition has played a significant role in propelling the software defined perimeter market demand.
Global Software Defined Perimeter Market Segmentation
The market can be divided based on enforcement point, component, deployment mode, organisation, end use, and region.
Market Breakup by Enforcement Point
- End Point
Market Breakup by Component
Market Breakup by Deployment Mode
Market Breakup by Organisation
- Small and Medium Enterprises
- Large Enterprises
Market Breakup by End Use
- Telecom Service Providers
- Cloud Service Providers
- Information Technology Enabled Services
- Banking, Financial Services, and Insurance
- Media and Entertainment
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global software defined perimeter market. Some of the major players explored in the report by Expert Market Research are as follows:
- Check Point Software Technologies Ltd.
- Intel Corporation
- Fortinet, Inc.
- Juniper Networks, Inc.
- Palo Alto Networks, Inc.
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