Software-Defined Perimeter (SDP) is a sophisticated computer security architecture. It helps in micro segmenting network access by creating a direct link between users and their accessed resources. Besides, it allows connections between enterprise wide-area networks that comprise data centers, branch offices, and public and private connectivity services.
At a compound annual growth rate of 14.3%, the size of the worldwide Software-Defined Perimeter market is projected to reach US$ 28.2 Billion in 2032.
.jpg "The Global Software Defined Perimeter Market 2022-2032 (USD Billion)")
The global software-defined perimeter market size is anticipated to reach over USD 16 Billion by 2025. This can be attributed to the growing need from large as well as small & medium enterprises to reduce network complexities and enhance policy-based security architecture. Also, the increasing need among enterprises to enhance network security is boosting the global software-defined perimeter market growth. In addition, increasing the adoption of cloud-based applications is also one of the key factors driving the software-defined perimeter market growth.
However, the lack of awareness about security in a virtualized environment is expected to impede market growth. Moreover, the growing trend of BYOD and the increasing adoption of connected devices are expected to create major growth opportunities for the market in the upcoming years.
Software-Defined Perimeter Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2022-2023 |
| Forecast Period | 2022-2032 |
| Study Period | 2022-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 28.2 Billion |
| Growth Rate | CAGR of 14.3% during 2022-2032 |
| Segment Covered | By Component, By Connectivity, By Deployment, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | VeloCloud Networks Inc. (U.S.) Intel Corporation (U.S.) Check Point Software Technologies Ltd. (Israel) Symantec Corporation (U.S.) Vidder Inc. (U.S.)Fortinet Inc. (U.S.) Cisco Systems Inc. (U.S.) Palo Alto Networks (U.S.) Catbird Inc. (U.S.) Cryptzone North America Inc. (U.S.) Intel Corporation (U.S.) EMC RSA (U.S.) |
Key Segment Of The Software-Defined Perimeter Market
By Component (USD Billion)
o Solutions
• Access Control
• Risk Analytics and Visualization
• Security Compliance and Policy Management
• Performance Management and Reporting
• Others
o Services
• Consulting and Implementation Services
• Training, Support and Maintenance Services
By Connectivity, (USD Billion)
• Controller
• Gateway
• End Point
By Deployment, (USD Billion)
• On-Premises
• Cloud
By Organization, (USD Billion)
• SMEs
• Large Enterprises
By User Type, (USD Billion)
• Government and Defence
• IT and Telecom
• Banking, Financial Services and Insurance
• Manufacturing
• Healthcare
• Retail and Ecommerce
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of Software-Defined Perimeter market in 2032 was US$ 28.2 Billion.
The base year for the report is 2022 in Software-Defined Perimeter market market
Software-defined perimeter technology is gaining huge traction recently. Its possible use cases involve the capability to facilitate an advanced and automatic security perimeter for workers that ensure access to corporate resources or assets. The software-defined perimeter technology even manages IoT devices that exist outside of the branch or campus with the same security and network tools that are used inside the campus. It further provides a unified approach to enterprises to apply security and networking policies across any environment. Hence, numerous end-users are aggressively adopting software-defined perimeter solutions to meet the increasing demand for security infrastructure simplification.
Solutions Segment
Based on the solutions segment, the market is divided into risk analytics and visualization, performance management and reporting, access control, security compliance and policy management, and others. The security compliance and policy management segment is projected to be the fastest-growing segment throughout the forecast period. The growth of this segment is primarily attributed to its capabilities and features such as money & time savings and automation of the entire procedure of security compliance and policy management.
Connectivity Segment
Based on the connectivity, the market is segmented into the gateway, controller, end-and point. The end-point connectivity segment is expected to dominate the market throughout the forecast period. Its ability to deliver the evidence of device authenticity by incorporating the user and device authentication is the key factor driving the growth of this segment.
Enterprise size Segment
Based on enterprise size, the market is bifurcated into large enterprises and small & medium enterprises (SMEs). In 2019, the large enterprises' segment captured the highest market revenue and is anticipated to dominate the software-defined perimeter market throughout the forecast period. On the contrary, the small & medium enterprises industry is anticipated to gather the highest growth rate throughout the forecast period.
The North America region dominated the overall market in 2019 and it is expected to do so throughout the forecast period 2020-2025. The increasing government initiatives to protect sensitive data and to create a secured IT environment are the crucial factors driving the market growth in this region. However, the Asia-Pacific region is anticipated to experience the highest growth rate during the forecast period.
.png "North America Software Defined Perimeter Market 2018-2025 (USD Million)")
The major players of the global software-defined perimeter market are Cisco, Symantec, Palo Alto Networks, Verizon, Check Point, Akamai, Fortinet, Okta, AppGate, and Juniper Networks. Moreover, the other potential players in the software-defined perimeter market are Rapid7, Cigital, Core Security, Immuniweb, and Checkmarx. The recognized companies are coming up with innovative and new entertainment technologies and solutions. For instance, In February 2019, Cisco announced a partnership with Verizon, an American multinational telecommunications company. With this partnership, both companies are planning to extend software-defined networking for enterprise digital transformation to support 5G capabilities.