Software-Defined Perimeter Market Competitive Dynamics 2023-29

According to Precision Business Insights (PBI), latest report, the global software-defined perimeter market size was valued at USD 3,678.9 million in 2022 which is expected to grow at a CAGR of 28.4% during the forecast period 2023-2029. The primary factors that drive the market are the growing implementation of cloud-based applications, strong regulation and compliance necessities, and a lack of skilled cybersecurity workforce.

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Cloud segment to Dominate the Software-Defined Perimeter Market:
Based on deployment mode, the cloud segment holds the highest market share. The major factor for the rise of this segment is that the cloud systems make better usage of technology and allow easy sharing of infrastructure among multiple offices and users, providing a greater level of scalability and dropping the current cost of employment and continual development. Due to more and more users being deployed over the cloud, there is a shift from conventional on-premises security solutions to cloud-based security solutions across SMEs and large enterprises.

North America Software-Defined Perimeter Market:
North America, followed by Europe, leads the global software-defined perimeter market growth due to governments' initiatives to create a secure IT environment and protect sensitive data. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of Software-Defined Perimeter in this region. Apart from this, the area is highly structured regarding acquiescence management. As data centers become progressively software-driven, industries need agile and flexible security solutions.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
The global software-defined perimeter market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In June 2022, Johnson Controls acquired Tempered Networks to bring zero trust cybersecurity to associated buildings universally. In November 2021, BlastWave announced BlastShield™, the first all-in-one software-defined perimeter solution that joins infrastructure cloaking and passwordless multi-factor authentication (MFA) for identity-based secure remote network access for organizations who've adopted a zero-trust security model.

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The software-defined perimeter market is segmented based on enforcement point, deployment mode, application, organization, and region.
Based on the enforcement point:
• Gateway
• Controller
• End-Point

Based on the deployment mode:
• On-Premise
• Cloud

Based on the application:
• Defense
• Telecom & IT
• BFSI
• E-commerce & Retail
• Healthcare
• Government
• Others

Based on the organization:
• Small and Medium Enterprises
• Large Enterprises

Based on the region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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The key players in the global software-defined perimeter market report are 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.), and EMC RSA (U.S.)

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