Northbrook, IL 60062 -- (SBWIRE) -- 06/02/2023 -- The global Software Defined Perimeter Market size is expected to grow from USD 2.9 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 36.5% during the forecast period, according to research report by MarketsandMarkets™.

Major factors fuelling the market growth include the rising need for policy-based security architecture to reduce network complexities, increasing adoption of cloud-based applications, and growing need for regulations and compliance to enhance network security.

Browse in-depth TOC on "Software Defined Perimeter Market"

105 - Tables
39 - Figures
174 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141863014

The end point connectivity segment to hold the largest market size during the forecast period

The SDP market by connectivity is segmented into controller, gateways, and end point. The end point segment is expected to have largest market size during the forecast period, as it provides proof of device authenticity by integrating the device and user authentication and mitigatescredential theft, brute force password guessing, and other threats. The growth in the connectivity market is associated with the rise in the number of security breaches targeting business networks and applications, where hackers try to gain access to sensitive data. As vulnerabilities have become more complex and sophisticated, the demand for SDP products is expected to increase, to cater to the growing challenges posed by these threats.

By service, the consulting and implementation segment to grow at a higher CAGR during the forecast period

The SDP market by service is segmented into consulting and implementation services; and training, support, and maintenance services. The growing need to upgrade and enhance existing SDP solutions and make the deployed solution more robust with the emerging nature of cyberattacks to pave the way for consulting and implementation services in the market. Consulting and implementation services help companies choose the most suitable SDP solution, depending on their business-specific requirements and user type.

North America to hold the largest market size during the forecast period

North America is dominating the SDP market, as the region is considered to be the most advanced region with regards to cutting edge security technology adoption and infrastructure. Governments in this region are taking initiatives to build a secure Information Technology (IT) environment and protect the sensitive data. In addition, the region is highly regulated in terms of compliance management. As data centers become increasingly software-driven, businesses need flexible and agile security solutions.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=141863014

Key Players

Major vendors in the global SDP market includes Check Point (Israel), Cisco (US), Akamai (US), Palo Alto Networks (US), Symantec (US), Okta (US), Proofpoint (US), Verizon (US), Fortinet (US), Intel (US), Perimeter 81 (Israel), Safe-T (Israel), Pulse Secure (US), CloudPassage (US), Illumio (US), DH2i (US), Certes Networks (US), TrustedPassage (US), Cato Networks (US), and AppGate (US).

Browse Other Reports:

5G Services Market - Global Forecast to 2027

DevOps Market - Global Forecast to 2028

Video Conferencing Market- Global Forecast to 2026

Crypto Asset Management Market - Global Forecast to 2026

Public Cloud Market - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/software-defined-perimeter-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/software-defined-perimeter.asp