Albany, NY, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Competition is stiff in the global software defined perimeter (SDP) market because of several service providers. In order to thrive in such a crowded space, vendors are seen opting for both organic and inorganic routes of growth. For example, many are diversifying their product portfolios to cater to the different needs of end users. Many are also banking upon mergers and acquisitions and strategic collaborations in order to further grow in the market
Key players in the global software defined perimeter (SDP) market are Cisco Systems Inc., Checkpoint Software Technologies Inc., Intel Corporation, and Symantec Corporation.
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A report on the global software defined perimeter (SDP) market by Transparency Market Research finds that it would expand at a phenomenal CAGR of 30.9% from 2017 to 2025. At this pace, the valuation in the market is predicted to reach US$12,247.9 mn by 2025 from US$1, 129.5 mn in 2016.
With respect to deployment, the key segments of the global software defined perimeter (SDP) market are on-premise and cloud. Between the two, the segment of cloud-based deployment is predicted to see good growth in the next couple of years. This is because of the myriad benefits of cloud-based solutions such as scalability and cost-effectiveness. This makes them particularly suitable for small and medium enterprises. With respect to geography, North America at present accounts for a leading share in the global software defined perimeter (SDP) market. This is because of the high uptake of latest technologies in the region.
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Ability to Thwart Cyber-Attacks Drives Uptake of Software Defined Perimeter
The global software defined perimeter (SDP) market is witnessing increased uptake in the security community. This is because it steals a march over the flawed traditional tools by generating a dynamic and tailor-made perimeter for every user. A software defined perimeter (SDP) makes sure that endpoints are accessing an infrastructure are authorized and authenticated before getting access to any resources on the network.
An SDP model can build an invisible screen in the system to thwart cyber-attacks and malicious software. Thus the framework allows entities to create a secure access to network based applications, systems, and services globally. The TMR report finds that the pressing need for cutting-edge security solutions is at the forefront of driving the global software defined perimeter (SDP) market.
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Enterprise Applications Create Demand in SDP Market
Currently, demand in the global software defined perimeter (SDP) market is being generated by the various enterprise applications, namely virtual, on-premise, cloud, and hybrid. Explains the lead analyst of our report, “SDP framework allow organizations to streamline operations with respect to security of applications and authentication of users. An SDP framework grants just a few known set of users to access information in the enterprise infrastructure.”
Sales growth in the global software defined perimeter (SDP) solutions is being created by many end use industries, prominent among which is the BFSI sector.
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The review is based on the findings of a TMR report, titled, “Software Defined Perimeter (SDP) Market (Application - Security and Authentication; Component - Software and Services (Consulting, System Integration and Operation & Maintenance); End-use - BFSI, IT & Telecom, Manufacturing, Defense, Healthcare, Government, Education; Deployment Type – Cloud (Public, Private and Hybrid) and On-premise) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”
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The report segments the Global Software Defined Perimeter (SDP) Market into the following:
Global Software Defined Perimeter Market, by Application
- Security
- Authentication
Global Software Defined Perimeter Market, by Component
- Software
- Services
- Consulting
- System Integration
- Operation and maintenance
Global Software Defined Perimeter Market, by End-use
- BFSI
- IT & Telecom
- Manufacturing
- Defense
- Healthcare
- Government
- Education
- Others
Global Software Defined Perimeter Market, by Deployment Type
- Cloud
- Private
- Public
- Hybrid
- On Premise
Global Software Defined Perimeter Market, by Geography
- North America
- The U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Rest of South America
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