Software Defined Perimeter (SDP) Market 2019 Analyzed by Top Key Players Fortinet, Inc., Catbird Networks, Inc., RSA Security LLC., Intel Corporation

The global Software Defined Perimeter (SDP) Market forecast will surpass $23,132.8 million by the end of 2026, at a CAGR of 35.8%, increasing from $2,000.0 million in 2018, according to Software Defined Perimeter (SDP) Market analysis by Research Dive.
The concept of a software defined perimeter (SDP) is to create security for IT systems and network attacks. This security system is to maintain and control the network system by programmable strategies driven by SDP architecture. The major benefit of the SDP is facility to access and ability to hide of application layer.

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Increasing execution of cloud-based technology along with need of programmable and scalable security systems are key software defined perimeter (SDP) market trends. In addition, the rise in the usage of internet services has also led to a rise in the number of cyber-attacks. Growing number of network attacks for instance, Malware, Man-In-The-Middle Attack, Denial-of-service attack, Zero-Day Attack and others by cybercriminals and hackers are encouraging the enterprises to adopt SDP security systems because SDP investigates the external traffic and instantly blocks those who are accessing their networks without authentication. Due to adoption of SDP systems, the market size is expected to grow during the forecast time.
Nevertheless, the lack of knowledge SDP security systems along with the lack of SDP industry standards are hampering the software defined perimeter (SDP) market growth. Development in the Internet of Things (IoT) coupled with bring your own device (BYOD) are projected to create ample investment opportunities in the SDP market. For instance, Google implemented the SDP system with endpoint connectivity as a part of BYOD networks to share the organization data.

End point segment is estimated to experience a noteworthy growth and increase the market size with a 37.1% CAGR during the forecast time. End point security system avoids excess server downtime along with securing the access points by protecting users while they are online. Gateway segment accounted for the highest size in 2018, which was over $860.0 million and is projected to reach $9,114.3 million by the end of 2026. This growth is because gateway connectivity segment plays a major role in transport layer security systems, which is designed for communication security.

On-premises segment held the largest software defined perimeter (SDP) market size and it is anticipated to grow with reasonable CAGR of 34.5% and reach $11,473.9 million by the end of 2026. The cloud segment was valued at $930.0 million in 2018. This growth is mainly due to cloud computing offering constant support for business properties involving 24-hour live monitoring. In addition, this system helps businesses by maintaining and managing enhanced compliance infrastructure and it protects financial and personal data. The wide usage of cloud system will lead to an increase in the market growth during the projected period.

The market for small and medium sized enterprises is projected to grow at a faster rate of 37.3% CAGR and is anticipated to account for $10,247.8 million by 2026. The growth is majorly due to growing number of IT organizations across the globe. In addition, these IT companies are adopting cloud security systems for the protection of organization accounts, financial details and other data. The large-scale enterprises dominated the highest software defined perimeter (SDP) market share, which was 59.4% in the 2018 and it is anticipated to reach $12,885.0 million by the end of 2026, at a CAGR of 34.7%. This dominance is attributed to the wide usage of SDP systems by large enterprises to secure data. Such organizations hold huge records such as organization developments, information and others.

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IT & Telecom users will witness a significant growth with a CAGR of 37.0% and is projected to reach $2,779.1 million by 2026 and it has been increasing from $226.0 million in the 2018. The government & defense sector dominated the global market in 2018 and is anticipated to continue its growth during the projected time. This dominance is majorly owing to extensive use of SDP security for government & defense applications such as weapons and missiles information and others.

Key Companies Profiled:
o Fortinet, Inc.
o Catbird Networks, Inc.
o RSA Security LLC.
o Intel Corporation
o Check Point Software Technologies Ltd.
o CERTES NETWORKS
o Cisco Systems, Inc.
o Palo Alto Networks, Inc.
o Juniper Networks, Inc.
o Broadcom

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