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Global Software Defined Perimeter Market Size, Share, Growth & Industry Forecast Report, 2020-2027

The GMI Research's latest analysis reveals that the Software Defined Perimeter Market is slated to register a higher CAGR over the coming years. This is mainly due to the increasing adoption of cloud technology and the rising need for scalable and programmable security architecture. The emerging trend of Bring Your Own Devices (BYOD) is further driving the market growth.

Posted: Friday, March 12, 2021 at 3:52 PM CST

DUBLIN, DUBLIN -- (SBWire) -- 03/12/2021 --Software Defined Perimeter Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

Some of the major factors that are contributing to the growth of the global software defined perimeter market size include the increasing adoption of cloud technology and the rising need for scalable and programmable security architecture. The introduction of the Internet of Things (IoT) and the emergence of Bring Your Own Devices (BYOD) trends are further driving the market growth. Software defined perimeter (SNP) enables small organizations to provide controllable, protected, and reactive access to networked systems. It is cheaper and easier to deploy SDP as compared to other fire and other technologies. SNP prevents several forms of attacks such as Man-in-the-Middle (MITM), Distributed Denial of Service (DDoS), Server Query, and Advanced Persistent Threat (APT). Various companies are deploying Multi Factor Authentication (MFA) and Virtual Point-to-Point (VPN) for the management of the global supply chain.

The presence of several leading companies, which include Cisco Systems, Inc., Check Point Software Technologies Ltd., Fortinet Inc., Intel Corporation, and other companies, are supporting the market growth. Cisco Systems, Inc., announced to produce next generation and hyperconnected car. Thus, the growing focus of global giants is another factor that is propelling the growth of the software defines perimeter market share in terms of revenue.

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Software Defined Perimeter Market's leading Manufacturers:

- Check Point Software Technologies Ltd.
- Cisco Systems
- Palo Alto Networks
- Intel Corporation
- Fortinet, Inc.
- Akamai Technologies
- Okta
- Proofpoint
- Verizon
- Cato Networks

Component Segment Drivers

Based on the component, security compliance and policy management is expected to witness a faster CAGR during the forecast period. The SPD solution offers centralized security compliance and policy management solutions by automating the entire security compliance and policy management process deployed via appliances, software, and hosted SaaS. It saves money and time and increases productivity by enabling the businesses to focus on major tasks.

Deployment Mode Segment Drivers

Based on the deployment mode, the cloud segment is expected to grow at a higher CAGR during the forecast period. The cloud systems utilize the technology in an efficient way and enables easy sharing of infrastructure through users and offices. It offers higher scalability and reduces the cost of implementation, which is further surging the segment growth.

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Regional Drivers

Based on the region, North America is expected to grow at a higher CAGR during the forecast period. This region is the most advanced region in terms of security technology adoption and infrastructure. Moreover, the rising adoption of software defined perimeter, especially among large organizations as they offer higher performance, better efficiency, and avoid data insecurity during heavy traffic network.

Software Defined Perimeter Market Segmentation:

Segmentation by Component:

- Solutions
- Services

Segmentation by Connectivity:

- Controller
- Gateway
- End Point

Segmentation by Deployment Mode:

- On-Premises
- Cloud

Segmentation by Organization Size:

- Large Enterprises
- Small and Medium-Sized Enterprises

Segmentation by User Type:

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

Segmentation by Region:

- North America

o United States of America
o Canada

- Asia Pacific

o China
o Japan
o India
o Rest of APAC

- Europe

o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

- RoW

o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.