Software-Defined Perimeter (SDP) Market Set to Witness Huge Growth in the Coming Years

Software defined perimeter (SDP) is a security architecture mainly used for controlling and managing the customer data without any human intervention through policy-driven, scalable, and programmable security architecture. With the growing technology and adoption of cloud-based services, the need for protecting the servers against network attacks that cannot be done with traditional perimeter defense techniques has also increased.

The global software-defined perimeter market which was valued at USD 992.8 Million in 2016 is expected to reach a value of USD 4,396.1 Million by 2021, growing at a CAGR of 34.7% during the forecast period 2016–2021.

Based on deployment mode, cloud service providers are expected to hold the majority of the market share as well as register the highest growth over the forecast period. This is mainly due to its features like cost-effectiveness and scalability. On the basis of solutions, control automation and orchestration solution is expected to grow at the highest CAGR between 2016 and 2021. Among end-users, cloud service providers are expected to be the fastest-growing end-users and highest contributors for this market.

How is the market progressing, geographically?

Among regions, the market in North America held the largest market share in 2016, followed by Asia-Pacific. This growth can be mainly attributed to the increased focus on innovations obtained from R&D and technology and early adoption of SDP, especially in developed nations like the U.S. and Canada. However, the market for SDP in APAC region is expected to be the fastest-growing market over the forecast period, owing to the presence of a various SMEs that are mostly adopting cloud-based applications.

What is driving and restraining the market growth?

The growth of the global market for software-defined perimeter is being majorly driven by the following factors:

  • Rising need for policy-driven, scalable, and programmable security architecture
  • Increased adoption of cloud-based architecture
  • Strict regulations and compliance requirements
  • Shortage of cyber security talent

In addition, growth of the SDN market and increasing number of connected devices due to the growing trend of IoT and BYOD are expected to further offer an array of growth opportunities over the coming years.

However, lack of industry standards and awareness regarding security in virtual environment is expected to hinder the market growth. Moreover, increased adoption of freeware security applications is a major to overcome by the players involved in this market.

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Major players and strategies adopted for sustenance

Check Point Software Technologies Ltd. (Tel Aviv, Israel), Cisco Systems, Inc. (California, U.S.), Intel Corporation (California, U.S.), Symantec Corporation (California, U.S.), EMC RSA (Massachusetts, U.S.), Fortinet, Inc. (California, U.S.), Juniper Networks, Inc. (California, U.S.), Palo Alto Networks (California, U.S.), Certes Networks, Inc. (Pennsylvania, U.S.), and Catbird, Inc. (California, U.S.) are some of the key players operating in the global SDP market. These players are adopting various types of organic and inorganic strategies for sustained growth such as new product launches, partnerships & collaborations, and mergers & acquisitions in order to expand their global presence as well as cater to the needs of the software-defined perimeter market.

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