Global Software Defined Perimeter Market Size, Share, Growth, Trends, Analysis, Report 2023-2028

Global Software Defined Perimeter Market Outlook

According to a new report by Expert Market Research titled "Global Software Defined Perimeter Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global software defined perimeter market reached a value of USD 4.31 billion in 2022. Aided by the increasing cyber threats and the growing necessity of advanced security protocols in various industries, the market is projected to further grow at a CAGR of 33.8% between 2023 and 2028 to reach a value of USD 24.78 billion by 2028.

Software Defined Perimeter (SDP) is a security framework developed and designed to evolve with the changing threat landscape, protecting an organisation's data and applications irrespective of where they are located. SDP architectures are designed to provide zero-trust security by making network infrastructure effectively "invisible" or "blackened" and granting access only after successful authentication and authorisation.

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The SDP model aims to protect critical resources by reducing the attack surface exposed to potential cyber threats. In this regard, the increasing concerns pertaining to cyber-attacks are one of the key software defined perimeter market trends fuelling the market. This model assumes that no traffic within an organisation's network, whether from within the organisation or outside, should be trusted by default. Hence, SDP solutions are designed to verify before trusting any connections and are considered a core component of a zero-trust security strategy.

One of the main advantages of an SDP is its ability to hide system components from potentially hostile networks, essentially rendering them invisible and significantly reducing the attack surface. Moreover, its role-based access control gives organisations granular control over who can access specific network resources, thereby providing a strong and adaptable defense mechanism against cyber threats.

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The rising occurrence of cyber-attacks, along with the expanding cloud-based solutions, is driving the global software defined perimeter market growth. As organisations continue their digital transformation journey, the necessity for robust and flexible security solutions has been reinforced, leading to a surge in demand for SDP-based products.

Further, as remote work has become the norm rather than the exception due to events such as the COVID-19 pandemic, there is a growing need for secure, reliable, and scalable solutions to provide remote access to company resources. This transition has played a significant role in propelling the software defined perimeter market demand.

Global Software Defined Perimeter Market Segmentation

The market can be divided based on enforcement point, component, deployment mode, organisation, end use, and region.

Market Breakup by Enforcement Point

Controller
Gateway
End Point

Market Breakup by Component

Solutions
Services

Market Breakup by Deployment Mode

Cloud
On-Premises

Market Breakup by Organisation

Small and Medium Enterprises
Large Enterprises

Market Breakup by End Use

Telecom Service Providers
Cloud Service Providers
Information Technology Enabled Services
Defence
Banking, Financial Services, and Insurance
Media and Entertainment
Government
Education
Healthcare
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global software defined perimeter market. Some of the major players explored in the report by Expert Market Research are as follows:

Check Point Software Technologies Ltd.
Intel Corporation
Fortinet, Inc.
Juniper Networks, Inc.
Palo Alto Networks, Inc.
Others

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