Software Defined Perimeter Market Research Report- Forecast till 2027

Software Defined Perimeter Market: By Component (Solutions & Service), Enforcement (Controller, Gateway) Deployment (Cloud & On-Premise), Organization Size (Small & Medium Enterprises)), End-user(BFSI, Telecommunications & IT))– Global Forecast till 2027

ID: MRFR/ICT/4007-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data

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Market Overview

According to Software Defined Perimeter Market Analysis, the market will grow at a CAGR of 35%. It is estimated that the market will reach up to USD 7899 Million during the forecast period. The Software definer perimeter is an advanced solution that is used for handling customer data without human interference. It is has a secure programmable architecture that supports systems for the future.

The Software perimeter system ensures that the system is secure and authentic before processing any task. It is used for various purposes among the service providers such as telecom, cloud, and enterprises as well. One of the major driving factors of the Global Software Defined Perimeter Market is the rising need for security architecture and the growing use of cloud-based systems. Also, in the future, this system can be used for military security and other various purposes.

Various key players in the Software Defined Perimeter Business such as Symantec Corporation, Juniper Networks, and many more are projected to fuel the market growth in the upcoming period. However, the negative impact of COVID-19 disease and other restraining factors are projected to hinder the market growth to some extent. These key players are anticipated to enhance the growth of the Software Defined Perimeter Business with several market strategies.

It is estimated that the North American region will hold the largest market share during the forecast period. Also, technological advancements and supportive policies by the government will be favorable for the market. The Software Defined Perimeter helps to lessen the complications that are found in cloud-based services. Hence, the market will be substantial despite several restraining factors that can affect Software Defined Perimeter Market Trends.

COVID-19 Analysis

Due to the COVID-19 Outbreak, the market in various regions faced huge losses. It hindered the upcoming projects and plans that now will take much more time. However, the drastic shift towards digitalization and cloud-based systems has fuelled the need for a sustainable system. This need is projected to be beneficial for the Software Defined Perimeter Market Growth. Also, the growing demand for SDP systems and various government initiatives are expected to propel market growth.

Market Dynamics

Market Drivers

The major divers according to the Software Defined Perimeter Market Research Report are the rising need for enhanced systems. These systems help to safeguard the systems used among various enterprises. It is because the rapid technological advancements and growing use of cloud-based systems make them vulnerable to cyber-attacks. Along with that, other applications such as BYOD and the Internet of Things (IoT) will drive the market.

Restraints

One of the major restraints for the Software Defined Perimeter Industry is the low awareness or the cyber-security. Also, the rising use of other security applications will hinder the market in the future. However, the market will grow at a substantial rate despite these restraints.

Opportunities

The Software Defined Perimeter Industry offers security and other important factors cost-effectively. It helps to lessen the complexities that occur while managing the systems. Also, the cloud-based systems enhance the VPN tunnels to resolve security problems.

Challenge

To work with the software-defined systems, the enterprises need advanced and upgraded systems. For that, it requires an upgraded system which is not possible among underdeveloped countries. Hence, due to a lack of knowledge about the security systems, it will be challenging for the Software Defined Perimeter Industry to grow.

Cumulative Analysis

With the growing technological advancements and use of Software-defined perimeter systems, the market will grow at a substantial rate. The Software Defined Perimeter Industry is projected to grow at a Compound Annual Growth Rate (CAGR) of 35%. It is estimated that the market value will reach up to USD 7899 Million during the forecast period 2017-2023.

Value Chain Analysis

The Software Defined Perimeter Industry is expected to be valuable and will have a huge demand during the forecast period. The cloud-based systems and security benefits will enhance the market in the upcoming period. Key players and another business initiative will improve the market growth.

Market Segmentations

The Software Defined Perimeter Market Segments are- end-users, enforcement point, organization size, deployment, and components. On the basis of components, the market is further divided into services and solutions. The services segment is further divided into Maintenance and Support, Consulting and Testing, Education and Training, and Integration. After that, the solution segment is further divided into Security Services, Risk Analytics, and Visualisation and Access Control. Other sub-segments are-Data Loss Prevention, IDs, Reporting and Performance Management, Security Compliance and Orchestration, Automation Solution, and Policy management.

On the basis of End-Users, the Software Defined Perimeter Industry is further divided into Wholesale and Retail, Logistics and Transportation, IT and telecommunication, Hospitality, Entertainment and Media, BFSI and Life Science, and Healthcare.

Software Defined Perimeter Industry on the basis of enforcement, the market is further divided into gateway and Controller.

On the basis of organization size, the market is segmented into Medium Enterprises and Small Enterprises.

On the basis of deployment, the Software Defined Perimeter Business is further divided into On-Premise and Cloud-based Systems.

Regional Analysis

Geographically, the Software Defined Perimeter Business is divided into North America, Asia-Pacific, Europe, and the Rest of the World. It is anticipated that the North American Region will dominate the market. Various technological advancements and early adoption of new technology are the major drivers for the growth. However, it is projected that the Asia-Pacific region will experience the fastest growth during the forecast period. The growing number of medium and small enterprises and cloud-based systems will increase the growth.

Competitive Landscape

There are various key players in the Global Software Defined Perimeter Market. They use different strategies such as acquisitions, mergers, partnerships, and many more. Some of the major Software Defined Perimeter Market Players are as follows-

VeloCloud Networks, Inc. (U.S.)

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.)

Intel Corporation (U.S.)

EMC RSA (U.S.)

Certes Networks, Inc. (U.S.)

Juniper Networks, Inc. (U.S.)

Trusted Passage (U.S.)

Recent Developments

A renowned company called Check Point announced the launch of its new product called “SandBlast Agent" in the year 2016. This new product protects the data from any cyber threat.

Hyundai Motor and Cisco announced the launch of their new product for the hyper-connected and next-generation Software Defined Perimeter Market.

Report Overview

The overview of the Software Defined Perimeter Market is as following-

Overview of the market

COVID 19 analysis

Dynamics of the market

Value chain analysis

Market segmentation

Regional analysis

Competitive analysis

Recent Developments of the key players

Report Score and Segmentation

Study Period- 2017- 2023

Base Year- 2021

Forecast Period- 2017-2023

Historical Period- 2017-2020

The scope of the report is to give information about the Software Defined Perimeter Market. The report gives ample information about the restraints, opportunities, restraints during the forecast period. It also gives information about key players. The information provided in this report is collected from various primary and secondary sources.

Market Segmentation

By Component

Services

Maintenance and Support

Consulting and Testing

Education and Training

Integration

Solutions

Security Services

Risk Analytics and Visualisation

Access Control

Data Loss Prevention

Reporting and Performance Management

Security Compliance

Orchestration and Automation Solution

Policy management

Others

By End Users

Wholesale and Retail

Logistics and Transportation

IT and telecommunication

Hospitality

Entertainment and Media

BFSI

Life Science and Healthcare

By Organisation Size

Medium and Small Enterprises

Large Enterprises

By Enforcement

Gateway

Controller

By Deployment

On-Premise

On Cloud

By Region

Asia-pacific

North America

Europe

Rest of the World

Frequently Asked Questions (FAQ) :

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Software Defined Perimeter Market

5 Industry Overview Of Global Software Defined Perimeter Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Software Defined Perimeter Market By Component

7.1 Introduction

7.2 Solutions