The current valuation of the Software Defined Perimeter (SDP) market in 2022 is US$ 8.25 billion and it is projected to grow at a modest CAGR of 13% during the forecast period to reach a market value of US$ 28 billion by 2032.
Market Valuation (2022)
US$ 8.25 billion
Market Valuation (2032)
US$ 28 billion
CAGR
13%
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Critical factors bolstering the growth of the Software Defined Perimeter (SDP) market are:
Rising adoption of cloud-based technologies by diverse enterprises
Adoption of technologies such as device authentication to reduce cyber security hazards
Advancement in the Internet of Things (IoT) coupled with the SDP-based security system
Increase network attacks and serve susceptibility to external threats
SDP efficiency in reducing cyber security threats
Software Defined Perimeter (SDP) compatibility with devices such as personal mobile phones and laptops.
Advanced features such as port as well as vulnerability scanning
SDP utility in reducing the network attack surface
Lack of Awareness Regarding SDP to Hamper Market Growth
There is a lack of awareness regarding the critical utility of SDP in reducing cyber security threats. Hence, the technology is yet to find widespread application across diverse enterprises.
Key players in the industry should collectively focus on increasing awareness of SDP to increase product adoption rates.
Find your sweet spots for generating winning opportunities in this market.
Technical Expertise and Deployment Difficulties to Impact Market Growth Outlook
Initial installation and maintenance of SDP require high technical skills. Further, deployment of SDP is a technically intensive process and it requires the aid of skilled experts. The maintenance of SDP also requires experts for whom there is a dire lack of availability.
Latest Market Trends
Palo Alto Networks recently acquired Aporeto, a machine identity-based micro-segmentation company. The acquisition is aimed at strengthening the Palo Alto Networks Cloud Native Security Platform
A key market player, Check Point acquired ForceNock, a Web Application and Application Program Interface (API) protection start-up. This was to integrate ForceNock’s technology into the Infinity total protection infrastructure.
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North America to Dominate the Global Market During the Forecast Period
The presence of a highly advanced IT infrastructure along with the early adoption of the latest innovations has made North America the global market leader. Continued technological innovations and rapid adoption of the technology by the region’s conglomerates are expected to sustain North America’s position as the global market leader.
In 2020 the North American market was estimated to hold a valuation of US$ 951.3 million.
MSMEs to Drive Regional Growth in the Asia-Pacific Region
Micro, small and medium enterprises are currently witnessing a boom in the developing nations of the Asia-Pacific. The regional product demand is expected to rise as a result of the increased adoption of cloud-based technologies by MSMEs.
The growth of the MSMEs is also driven by key government initiatives. These technologically savvy enterprises are expected to become important consumers of the SDP market during the forecast period.
Software defined perimeter (SDP) is used to configure, control, and manage, the customer data without human intervention through policy-driven, programmable, and scalable security architecture.
The global software defined perimeter (SDP) market is expected to have significant growth rate, attributed to growing consumer electronic display market. North America and Western Europe has substantial growth in the global software defined perimeter (SDP) market as the solution does not requires much of human resource expertise.
Global Software Defined Perimeter (SDP) Market Dynamics
The growth of the global software defined perimeter (SDP) market is driven by requirement for security system which is used to protect diversified enterprise applications, growing cloud based services, and digitalization.
Macroeconomic factors such as growing economy, rapid rate of urbanization, and employment rate as well as the rapid rate of industrialization driving the global software defined perimeter (SDP) market. Some other factors trending the global software defined perimeter (SDP) market include partnerships, product launches, business expansions, and mergers & acquisitions among the software defined perimeter (SDP) provider.
The company providing the software defined perimeter (SDP) have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy. The electrically software defined perimeter (SDP) market also has a significant opportunity in the North America and Western Europe region, attributed to growing cloud-based application industry in the region.
Global Software Defined Perimeter (SDP) Market Segmentation
The global software defined perimeter (SDP) market is segmented on the basis of deployment mode, component, product type, and region. On the basis of deployment mode, the global software defined perimeter (SDP) market is segmented as cloud and on-premises, wherein cloud segment have significant revenue share and is expected to have substantial growth rate.
On the basis of component, the software defined perimeter (SDP)market is segmented as solution and service. Among the component segment, solution segment contribute for the significant revenue share and is expected to grow at a significant rate over the forecast period in the global software defined perimeter (SDP) market.
On the basis of product type, the global software defined perimeter (SDP) market is segmented as controller, gateway, and end point, wherein controller segment have significant revenue share and are expected to have substantial growth rate.
Global Software Defined Perimeter (SDP) Market Regional Outlook
Based on the geographies, the global software defined perimeter (SDP) market is fragmented into seven regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a relatively high share of the global software defined perimeter (SDP) market in terms of value, attributed to early adoption of software defined perimeter and rapid rate of technological advancements in the region.
The Asia-Pacific except Japan region also accounts for significant share in the global software defined perimeter (SDP) market with substantial growth rate, owing to the high presence of a large number of small and medium enterprises in the region particularly in countries such as India and China operating in cloud-based applications.
Eastern Europe and Japan also accounts for significant value share in the global software defined perimeter (SDP) market. The developing economy such as Middle East Africa and Latin America have a substantial growth in the global software defined perimeter (SDP) market, owing to substantially growing cloud-based application industry in the region. Overall, the outlook for the global software defined perimeter (SDP) market will have a positive growth over the forecast period.
Global Software Defined Perimeter (SDP) Market Player
Few players in the global software defined perimeter (SDP) market include Cisco Systems, Inc., Check Point Software Technologies Ltd., VeloCloud Networks, Inc., TrustedPassage, Cryptzone North America Inc., Vidder, Inc., Catbird, Inc., Certes Networks, Inc., Palo Alto Networks, Juniper Networks, Inc., Fortinet, Inc., EMC RSA, Symantec Corporation, and Intel Corporation.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Software Defined Perimeter Sdp Market Based
on deployment mode, the global software defined perimeter (SDP) market is segmented into
Cloud
On-Premises
Based on component, the global software defined perimeter (SDP) market is segmented into:
Solution
Control Automation
Orchestration Solution
Others
Service
Based on product type, the global software defined perimeter (SDP) market is segmented into:
Controller
Gateway
End Point
Frequently Asked Questions
What is the Growth Outlook for the Market?
The market is likely to register a CAGR of 13% through 2032.
What is the Current Valuation of the Market?
The market is currently valued at US$ 8.25 Bn in 2022.
How is the Future of the Market?
The market is likely to grow to a valuation of US$ 28 Bn by 2032
Which is the Leading Region in the Market?
North America is likely to be a leading market during the forecast period.
