USD 5.17 billion
Software Defined Perimeter (SDP) Market Size, Share, Growth Analysis, By Deployment(Cloud, and On-premises), By Enterprise(Small and Medium Enterprises, and Large Enterprises), By End-user(BFSI, IT & Telecom, Manufacturing, Government), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45F2136 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
92
|Figures:
66
Software Defined Perimeter (SDP) Market Insights
Global Software Defined Perimeter (SDP) Market size was valued at USD 5.17 billion in 2022 and is poised to grow from USD 6.44 billion in 2023 to USD 37.15 billion by 2031, growing at a CAGR of 24.50% during the forecast period (2024-2031).
The global software defined perimeter market has experienced substantial growth in recent years. Factors such as software security needed in wide industries fueled the market growth. The market is driven by the burgeoning enhancement in cyber-attacks.
Additionally, the market’s robust expansion is boosted by the widespread adoption of cloud-based applications, and the evolution of connected devices. The software defined perimeter solutions, with its proactive approach to network security, create a secure perimeter around individual devices and users that modifies the risk of unauthorized access.
In recent years, North America is dominating the market. The dominance of this region is surged by early adoption of technologies, while other regions are thinking about it. Asia Pacific region’s growing CAGR in global software defined perimeter market stands it as the fastest growing region in the world.
Moreover, the market dynamics emphasize drivers such as the increasing cybersecurity threat landscape as well as adoption of cloud computing and remote work culture. The competitive landscape shows key players like Cisco Systems Inc., Symantec Corporation, and Check Point Software Technologies involved in continuously increasing innovation and strategic associations to gain a competitive edge.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
Cloud
Growth Rate
24.50% CAGR
Global Software Defined Perimeter Market ($ Bn)
Country Share for North America Region (%)
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Software Defined Perimeter (SDP) Market Segmental Analysis
Global software defined perimeter market is segmented based on deployment, enterprise type, end-user, and region. By deployment, the market is segmented into cloud, and on-premises. By enterprise type, the market is segmented into small and medium enterprises, and large enterprises. By end-user, the market is segmented into BFSI, IT & Telecom, manufacturing, government, healthcare, education, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Deployment
The cloud segment has emerged as the largest segment by deployment in the global software defined perimeter market. Its dominance is attributed to the worldwide trend of organizations migrating their operations and data to the cloud. In addition to this segment, the rise of remote work culture, accentuated by global events has enhanced the demand for cloud-based software defined perimeter solutions. As the cloud-based SDP software defined perimeter solutions offer unequaled scalability, allowing organizations to maintain their security infrastructure in line with growing business requirements.
Concurrently, the on-premises segment emerged as the fastest growing segment in the global software defined perimeter market. There are certain industries, such as government, finance, and defense, that demonstrate a preference for on-premises solutions because of regulatory requirements, security concerns, and the need for direct control over infrastructure. Organizations with an increased focus on maintaining control over their entire cybersecurity may prefer on-premises deployments. Additionally, collaborative efforts with vendors offering continuous integration and scalability can enhance adoption rates.
Analysis By End-User
The largest segment by application in the global software defined perimeter market is the BFSI segment. The adaptive security framework offered by software defined perimeter is necessary in proactively allaying cyber threats. The dominance of this segment is embedded in the sector’s essential sensitivity to data security, regulatory guideline requirements, and the continuous evolution of cyber threats targeting financial institutions.
On the other hand, the emerging and fastest growing segment by end-user is the healthcare sector. The industry’s increasing reliance on digital technologies coupled with the sensitive nature of patient data, which drives the demand for advanced cybersecurity processes. Additionally, the healthcare sector is undergoing burgeoning expansions, digital transformation, with electronic health records and telemedicine are becoming integral components. It helps and provides solutions to access these digital assets, patient safeguarding information.
Global Software Defined Perimeter Market By Product Type
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Software Defined Perimeter (SDP) Market Regional Insights
North America region currently stands as the leader in the global software defined perimeter market and emerged as the largest market region in 2022. The dominance of this region is mainly attributed to the region’s early adoption of the developed cybersecurity methods. The mature technological landscape in the North America region, mainly in The United States, helps the region to be positioned as the hub for innovation in cybersecurity. The regulatory authorities such as General Data Protection Regulation (GDPR) and various state-level regulations, are aware of businesses using cutting-edge security solutions to protect customers' data.
On the other hand, Asia Pacific is continuously increasing its dominating presence in the software defined perimeter market which represents it as the fastest growing region in the market. The region’s dominance is fueled by rapid digitalization, increasing awareness of the importance of this solution across diverse industries. Growing implementation of regulations and guidelines for businesses security, the Asia Pacific region is going to emerge with rapid growth in coming years.
Global Software Defined Perimeter Market By Region
- Largest
- Fastest
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Software Defined Perimeter (SDP) Market Dynamics
Drivers
Increasing numbers in cyber security threats
- One of the significant drivers propelling the global software defined perimeter market is the continuous expansion of cyber threats. Organizations globally face a relentless onslaught of cyber threats, including ransomware, malware, and phishing attacks. Traditional security models, which rely on static perimeter protections are increasingly lacking against these advancing threats. The growing need for advanced security methods propels institutes and organizations to seek dynamic and adaptive solutions like software defined perimeters.
Restraints
Integration complexity
- A prominent market restraint which is affecting the global software defined perimeter market is concerns regarding complexity integrations. The complexity of integrating new security solutions without troublemaking ongoing operations can act as a significant barrier to adoption of these solutions. Various industries, especially those with offered legacy systems and complex IT infrastructure, may face challenges when integrating SDP with their organizations.
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Software Defined Perimeter (SDP) Market Competitive Landscape
The software defined perimeter market is characterized by intense rivalry among key players striving to capture a significant market share. Leading companies are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. These industry giants leverage their extensive portfolios to offer a range of solutions encompassing cloud, and on-premises. As the market witnesses rapid innovations, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the market.
Top Player’s Company Profiles
- Check Point
- Cisco
- Symantec
- Palo Alto Networks
- Fortinet
- Perimeter 81
- Safe-T
- Certes Networks
- Cloudflare, Inc.
- Zscaler and More
Recent Developments
- In November 2021, McAfee announced that it is going private via a buyout from an investor group in a deal valued at more than $14 billion. McAfee said in the announcement that it will continue as a pure-play consumer cybersecurity company after selling its Enterprise business to private equity firm Symphony Technology Group.
Software Defined Perimeter (SDP) Key Market Trends
Adoption of Zero Trust Security Model
- A key trend in the global software defined perimeter market is the ongoing diversification of product offerings to gather growing consumer preferences. Key players are expanding beyond traditional software defined perimeter solutions, technologies, and innovative infrastructures. Traditional security models operate on the belief that connections within the network are reliable once they gain access. As a result, organizations are increasingly recognizing the restrictions of established perimeter based security and are embracing the principles of Zero Trust.
Software Defined Perimeter (SDP) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global software defined perimeter market analyses, the market is witnessing significant growth driven by a convergence of factors such burgeoning urbanization, expansion of industries, technological integration, and demand of cyber threat protection solutions. The dominance of cloud as the largest segment, coupled with the rapid growth, shows the industry’s contributions to versatility and sustainability. In the regional landscape of this market, the North America market takes center stage as the largest region. Simultaneously, Asia Pacific stands out as the fastest growing region. Additionally, competitive landscapes also shape the market growth with the strategic moves of the key players. Strategic collaborations, product launches, and geographic expansions by key players also shaping the software defined perimeter market’s growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.17 billion |
| Market size value in 2031 | USD 37.15 billion |
| Growth Rate | 24.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Software Defined Perimeter (SDP) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Software Defined Perimeter (SDP) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Software Defined Perimeter (SDP) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Software Defined Perimeter (SDP) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Software Defined Perimeter (SDP) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Software Defined Perimeter (SDP) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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