Software Defined Perimeter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Software Defined Perimeter (SDP) Market
The software defined perimeter (SDP) market size was valued at USD 6.92 Billion in 2023, and the market is now projected to grow from USD 8.62 Billion in 2024 to USD 24.9 Billion by 2032, exhibiting a CAGR of 24.9 % during the forecast period of 2024-2032.
The COVID-19 pandemic expanded the adoption of SDP (Software Defined Perimeter) solutions, especially in the context of BYOD (Bring Your Own Device) and IoT (Internet of Things), as remote work surged and cyber threats extended. Enterprises are leveraging SDP/Zero Trust structure to steady networks, services, statistics, and identities amidst the dispersed body of workers, mitigating cyber dangers and bolstering worldwide market increase.
The proliferation of far-flung work has led businesses to embrace BYOD guidelines, heightening records breach risks. SDP adoption addresses those concerns via implementing stringent access protocols for private gadgets, making sure steady sessions. Furthermore, to protect faraway personnel, many corporations prioritize SDP answers for facts robbery prevention. Concurrently, IT and OT teams are hastily deploying software program-defined perimeter tech and 0-consider techniques, segregating IoT facts from corporate networks. This proactive approach bolsters protection by means of protecting IoT gadgets from potential threats, underscoring the imperative for complete protection inside the evolving virtual landscape.
As cybersecurity risks evolve with the accelerating pace of digital transformation across industries, the demand for SDP answers is surging. To fortify their defenses and stumble on rising threats, cybersecurity providers are ramping up the deployment of advanced technologies and equipment. In this landscape, the financial services sector stands proud for its adoption of a 0-accept as true with/SDP approach. By embracing this strategy, monetary institutions bolster their resilience in opposition to cyber threats even as seamlessly integrating platform-primarily based models. This proactive stance not only safeguards their companies but additionally underscores the essential function of adaptive security measures in navigating the increasingly more complex cybersecurity panorama.
Comprehensive Analysis of Software Defined Perimeter (SDP) Market
The software defined perimeter (SDP) market growth Is rising at an exponential price because of its marketplace segmentation. This market growth successfully presents a detailed nearby evaluation considering the dominant supply and demand forces that impact the enterprise. These segmentations are methodically segregated By Deployment Analysis, By Enterprise Type Analysis, By End User Analysis. By Deployment Analysis include cloud and on-premise. By Enterprise Type Analysis include small and medium enterprises (SMEs) and large enterprises. By End User Analysis consist of o BFSI, IT and telecommunications, retail, authorities, manufacturing, tour and transportation, healthcare, power and utilities, and others.
The North America, region lead the software defined perimeter (SDP) market share by benefitting a market size of USD 2.76 billion in 2023 due to technological advancements, an increase in cloud adoption, and other emerging technologies.
The pinnacle gamers within the marketplace play a important position inside the industry assuring marketplace growth and placing market standards. These players include NTT DATA Corporation, Zscaler, Appgate, Cisco Systems, Palo Alto Networks, Verizon, Fortinet, Check Point Software Technologies, Perimeter 81 Ltd., CERTES NETWORKS these market players provide a level-playing competitive landscape.
In March 2023, Tech Mahindra partnered with Cisco Business Unit to offer a set of services along with SASE, SD-WAN, controlled Wi-Fi, and hyper community automation for stable, agile, collaborative, and hybrid networks.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 24.9% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Deployment
Cloud
On-premise
By Enterprise Type
Small and Medium Enterprises (SMEs)
Large Enterprises
By End User
BFSI
IT & Telecom
Manufacturing
Government
Healthcare
Education
Others (Defense, etc.)
By Region
North America (By Deployment; By Enterprise Type; By End User and By Country)
- U.S.
- Canada
- Mexico
South America (By Deployment; By Enterprise Type; By End User and By Country)
- Brazil
- Argentina
- Rest of South America
Europe (By Deployment; By Enterprise Type; By End User and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
The Middle East & Africa (By Deployment; By Enterprise Type; By End User and By Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Asia Pacific (By Deployment; By Enterprise Type; By End User and By Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania China
- Rest of Asia Pacific
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