Software Defined Perimeter Market - Industry Analysis, Growth, Trends Forecast Upto 2024

Software defined perimeter (SDP) which is also known as a "Black Cloud", is an approach to computer security which is evolved from the work done at the Defense Information Systems Agency (DISA) under the Global Information Grid (GIG) Black Core Network initiative around 2007. Software defined perimeter is a security framework that has been developed by cloud security alliance, a not-for-profit organization promoting security assurance within cloud computing. This framework is based on the Department of Defense's "need-to-know" model. The mentioned model states that all endpoints attempting to access a given infrastructure must be authorized and authenticated prior to entrance. Successful network-based attacks such as man-in-the-middle attacks, denial-of-service attacks, and lateral movement and server vulnerabilities attacks such as SQL injection or cross-site scripting are lowered due with the adoption of SDPs.

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The global software defined perimeter is driven by the growing demand for cloud-based software defined perimeter solutions as it is cost-effective and feature more scalability in comparison to the traditional software defined perimeter. Organizations are rapidly deploying security testing solutions either on-premises or on cloud to ensure efficient security solution to the organization. Moreover, organizations are increasingly adopting these solutions to minimize human intervention in security functionalities and enable synchronization between security policies and enterprises’ dynamic computing environment which in turn is boosting the deployment of software defined perimeter. However, factors such as increased adoption of freeware security applications is expected to hamper the market growth. Lack of security awareness on virtual environments is also thwarting the growth of SDP market. Learning about SDP now and starting to plan accordingly could have significant benefits for the security team are opening new opportunities for the participants in software defined perimeter market. Also increasing number of connected devices due to IoT are expected to create growth opportunities for the SDP market.

The software defined perimeter market is segmented on the basis of deployment type, application, component type, end-user and region. In terms of deployment segment, the market can be classified as cloud and on premise. The application segment includes security and authentication. The market can also be classified on the basis of component used for building the software, such as software and service. The software can be further segmented as end-point, controller and gateway. The service segment can be further broken down into consulting, system integration and operation and maintenance. On the basis of end-user, the market can be classified into banking, financial services and insurance (BFSI), technology, manufacturing, electronics, telecom and healthcare and life sciences among others.

The market segments in terms of geographical regions include North America, Europe, Asia Pacific (APAC), Latin America, and Middle-East and Africa (MEA). The North America market is expected to generate high revenue as there is high focus on innovations obtained from research and development and technology in the developed economies such as the U.S. and Canada. Moreover, the APAC region is expected to exhibit high growth potential due to the high demand for adoption of cloud based software defined perimeter from Small and Medium Enterprises (SMEs) in this region during the forecast period.

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Industry participants dominating the software defined perimeter market with the most significant developments are Check Point Software Technologies Ltd., Cisco Systems, Inc., Intel Corporation, Symantec Corporation, EMC RSA, Fortinet, Inc., Juniper Networks, Inc., Palo Alto Networks, Cartes Networks, Inc., Catbird, Inc., Vidder,Inc., Cryptzone North America Inc., Trusted Passage, and Velo Cloud Networks, Inc. among others.

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