Software Defined Perimeter Market By Connectivity (Controller, Gateway, End point), By Deployment Mode (On-Premises, Cloud), By Organization Size (Large Enterprise, Small and Medium Enterprise), By User Type (Government and Defense, IT and Telecom, Bankin

Software Defined Perimeter Market By Connectivity (Controller, Gateway, End point), By Deployment Mode (On-Premises, Cloud), By Organization Size (Large Enterprise, Small and Medium Enterprise), By User Type (Government and Defense, IT and Telecom, Banking, Financial Services and Insurance, Manufacturing, Healthcare, Retail and Ecommerce, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global software defined perimeter market is envisioned to garner $143.1 billion by 2031, growing from $5.3 billion in 2021 at a CAGR of 39.3% from 2022 to 2031.

A software-defined perimeter is a technique for hiding internet-connected equipment, such as routers and servers, so that external users cannot see it. An SDP can be implemented to safeguard infrastructure, regardless of whether it is hosted in the cloud or on-premises. SDP relies on using software, rather than hardware, to safeguard an environment. Its applications are more varied, and its deployment method is more nimble than hardware alternatives because it is software. Furthermore, SDP is more versatile than VPN in addition to being more manageable. Since it might be challenging to integrate several employees of the same firm under a single VPN system, many businesses have begun using SDP architecture as a centralized authorization mechanism to grant access to sensitive company information. This factor is anticipated to boost the software defined perimeter market growth during the forecast period.

The number of network risks has decreased as a result of the use of cloud-based services. Typical perimeter defensive methods such as firewalls cannot defend traditional data centers and servers, increasing the risk of network attacks on application infrastructure. Thus, a lack of industry standards and a lack of security awareness restrained the software defined perimeter market growth.

The advent of the Internet of Things (IoT) with SDP-based security solutions has created a wide range of potential opportunities for the SDP market. For companies of all sizes, IoT is becoming increasingly important, and it needs to be protected from outside threats. In the near future, it is projected that the dynamic SDP for IoT will accelerate market growth because it is the best replacement for traditional firewalls and network controls. In addition, the market for software defined perimeters offers security and other essential components at competitive prices. It helps to lessen the challenges faced when regulating the systems. The cloud-based technologies also make VPN tunnels better at solving security concerns. In the following years, it is projected that these reasons will accelerate the expansion of the software defined perimeter industry.

The COVID-19 outbreak caused significant losses for the market in numerous regions. Future projects and plans were hampered, and they will now require considerably more time. However, the sudden transition toward cloud-based systems and digitalization has increased the demand for a sustainable system. The growth of the software defined perimeter market is anticipated to benefit from this demand. Additionally, several government initiatives and the rising need for SDP systems are anticipated to fuel market growth.

The key players profiled in this 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.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the software defined perimeter market analysis from 2021 to 2031 to identify the prevailing software defined perimeter market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the software defined perimeter market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global software defined perimeter market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Connectivity

Controller
Gateway
End point

By Deployment Mode

On-Premises
Cloud

By Organization Size

Large Enterprise
Small and Medium Enterprise

By User Type

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

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest Of LAMEA

Key Market Players

Fortinet, Inc.
Catbird Networks, Inc.
RSA Security LLC.
Intel Corporation
Check Point Software Technologies Ltd.
Certes Networks
Palo Alto Networks, Inc.
Cisco Systems, Inc.
Juniper Networks, Inc.
Broadcom Corp

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