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Software Defined Perimeter (SDP) Market By Component (Solution, Service), By Enforcement Point (Gateway, Controller, End Point), By Deployment Model (On-Premise, Cloud-based), By Organization Size (Large Enterprises, Small and Medium-sized Enterprises), By End-User- Government, IT Enabled Services, BFSI, Retail, Healthcare, Cloud Service Providers) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Growing Adoption of Cloud-Based Technology to boost the Software Defined Perimeter (SDP) Market

The software-defined perimeter (SDP) market worldwide is expected to grow with a CAGR of 36.0% during the forecast period from 2019 to 2027, starting from US$ 1.84 Bn in 2018. The rising demand for cloud-based services; scalable and programmable security architecture is driving the software-defined perimeter (SDP) market. Software Defined Perimeter (SDP) is a security system that enables the management, configuration, and control of information without human intervention. Furthermore, the emergence of IoT (Internet of things) and changes in bring-your-own-device (BYOD) trends shall further fuel the growth of the Market. Therefore, we expect the software-defined perimeter (SDP) market to show significant growth during the forecast period. 

Market Synopsis

Large Enterprises will led the Market

In 2018, the largest share of the global Software Defined Perimeter (SDP) market was held by large enterprises. Software-defined perimeter requires authentication from users to verify data security. This multi-level authentication enables large enterprises to identify illegal users. Notably, large enterprises have resources pertaining to finance, accounts, and others. This data must be stowed securely and for utilization by legal users. The software-defined perimeter (SDP) monitors the behavioral changes continuously and helps the efficiency and operations of large enterprises. Thus, we expect the large enterprise segment to be the largest revenue-sharing segment from 2019-2027.

The Asia Pacific to Grow Significantly during the Forecast Period

In 2018, North America had a relatively high share in the global software-defined perimeter (SDP) market. Due to the early adoption of the software-defined perimeter (SDP) and the rapid rate of technological advancement in the region, the software-defined perimeter market. Further, the Asia Pacific is expected to grow significantly during the forecast period. The region has a strong base of telecom service providers, eCommerce companies, and startups. These corporate structures shall adopt cloud-based technologies during the forecast period. As a result, Asia Pacific is expected to emerge as the fastest growing regional Market throughout the forecast period.

Some prominent players operating in the software-defined perimeter (SDP) market are Intel Corporation, Cisco Systems Inc., Juniper Networks, Fortinet Inc., Symantec Corporation, Check Point Software Technologies Ltd., Catbird Networks Inc., Certes Networks, EMC RSA, and Palo Alto Networks Inc. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027. 

Report Scope by Segments

The software-defined perimeter (SDP) market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global software-defined perimeter (SDP) market based on component, enforcement point, deployment model, organization size, end-user, and geography.

Frequently Asked Questions:

The market for Software Defined Perimeter (SDP) is expected to reach US$ 1.84 Bn in 2027.

The Software Defined Perimeter (SDP) market is expected to see significant CAGR growth over the coming years, at 36.0%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Intel Corporation, CISCO Systems Inc., Juniper Networks, Fortinet Inc, Symantec Corporation, Check Point Software Technologies Ltd., Catbird Networks Inc., Certes Networks are some of the major players in the global market.

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Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60102
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
Delivery Time: 24 Hours to 48 Hours   
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