The global software defined perimeter market is envisioned to garner $143.1 billion by 2031, growing from $5.3 billion in 2021 at a CAGR of 39.3% from 2022 to 2031.
A software-defined perimeter is a technique for hiding internet-connected equipment, such as routers and servers, so that external users cannot see it. An SDP can be implemented to safeguard infrastructure, regardless of whether it is hosted in the cloud or on-premises. SDP relies on using software, rather than hardware, to safeguard an environment. Its applications are more varied, and its deployment method is more nimble than hardware alternatives because it is software. Furthermore, SDP is more versatile than VPN in addition to being more manageable. Since it might be challenging to integrate several employees of the same firm under a single VPN system, many businesses have begun using SDP architecture as a centralized authorization mechanism to grant access to sensitive company information. This factor is anticipated to boost the software defined perimeter market growth during the forecast period.
The number of network risks has decreased as a result of the use of cloud-based services. Typical perimeter defensive methods such as firewalls cannot defend traditional data centers and servers, increasing the risk of network attacks on application infrastructure. Thus, a lack of industry standards and a lack of security awareness restrained the software defined perimeter market growth.
The advent of the Internet of Things (IoT) with SDP-based security solutions has created a wide range of potential opportunities for the SDP market. For companies of all sizes, IoT is becoming increasingly important, and it needs to be protected from outside threats. In the near future, it is projected that the dynamic SDP for IoT will accelerate market growth because it is the best replacement for traditional firewalls and network controls. In addition, the market for software defined perimeters offers security and other essential components at competitive prices. It helps to lessen the challenges faced when regulating the systems. The cloud-based technologies also make VPN tunnels better at solving security concerns. In the following years, it is projected that these reasons will accelerate the expansion of the software defined perimeter industry.
The COVID-19 outbreak caused significant losses for the market in numerous regions. Future projects and plans were hampered, and they will now require considerably more time. However, the sudden transition toward cloud-based systems and digitalization has increased the demand for a sustainable system. The growth of the software defined perimeter market is anticipated to benefit from this demand. Additionally, several government initiatives and the rising need for SDP systems are anticipated to fuel market growth.
The key players profiled in this report include VeloCloud Networks, Inc., Intel Corporation, Check Point Software Technologies Ltd., Symantec Corporation, Vidder, Inc., Fortinet, Inc. , Cisco Systems, Inc., Palo Alto Networks, Catbird, Inc., and Cryptzone North America Inc.
A software-defined perimeter is a technique for hiding internet-connected equipment, such as routers and servers, so that external users cannot see it. An SDP can be implemented to safeguard infrastructure, regardless of whether it is hosted in the cloud or on-premises. SDP relies on using software, rather than hardware, to safeguard an environment. Its applications are more varied, and its deployment method is more nimble than hardware alternatives because it is software. Furthermore, SDP is more versatile than VPN in addition to being more manageable. Since it might be challenging to integrate several employees of the same firm under a single VPN system, many businesses have begun using SDP architecture as a centralized authorization mechanism to grant access to sensitive company information. This factor is anticipated to boost the software defined perimeter market growth during the forecast period.
The number of network risks has decreased as a result of the use of cloud-based services. Typical perimeter defensive methods such as firewalls cannot defend traditional data centers and servers, increasing the risk of network attacks on application infrastructure. Thus, a lack of industry standards and a lack of security awareness restrained the software defined perimeter market growth.
The advent of the Internet of Things (IoT) with SDP-based security solutions has created a wide range of potential opportunities for the SDP market. For companies of all sizes, IoT is becoming increasingly important, and it needs to be protected from outside threats. In the near future, it is projected that the dynamic SDP for IoT will accelerate market growth because it is the best replacement for traditional firewalls and network controls. In addition, the market for software defined perimeters offers security and other essential components at competitive prices. It helps to lessen the challenges faced when regulating the systems. The cloud-based technologies also make VPN tunnels better at solving security concerns. In the following years, it is projected that these reasons will accelerate the expansion of the software defined perimeter industry.
The COVID-19 outbreak caused significant losses for the market in numerous regions. Future projects and plans were hampered, and they will now require considerably more time. However, the sudden transition toward cloud-based systems and digitalization has increased the demand for a sustainable system. The growth of the software defined perimeter market is anticipated to benefit from this demand. Additionally, several government initiatives and the rising need for SDP systems are anticipated to fuel market growth.
The key players profiled in this report include VeloCloud Networks, Inc., Intel Corporation, Check Point Software Technologies Ltd., Symantec Corporation, Vidder, Inc., Fortinet, Inc. , Cisco Systems, Inc., Palo Alto Networks, Catbird, Inc., and Cryptzone North America Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the software defined perimeter market analysis from 2021 to 2031 to identify the prevailing software defined perimeter market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the software defined perimeter market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global software defined perimeter market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Connectivity
- Controller
- Gateway
- End point
By Deployment Mode
- On-Premises
- Cloud
By Organization Size
- Large Enterprise
- Small and Medium Enterprise
By User Type
- Government and Defense
- IT and Telecom
- Banking, Financial Services and Insurance
- Manufacturing
- Healthcare
- Retail and Ecommerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Fortinet, Inc.
- Catbird Networks, Inc.
- RSA Security LLC.
- Intel Corporation
- Check Point Software Technologies Ltd.
- Certes Networks
- Palo Alto Networks, Inc.
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Broadcom Corp
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SOFTWARE DEFINED PERIMETER MARKET, BY CONNECTIVITY
CHAPTER 5: SOFTWARE DEFINED PERIMETER MARKET, BY DEPLOYMENT MODE
CHAPTER 6: SOFTWARE DEFINED PERIMETER MARKET, BY ORGANIZATION SIZE
CHAPTER 7: SOFTWARE DEFINED PERIMETER MARKET, BY USER TYPE
CHAPTER 8: SOFTWARE DEFINED PERIMETER MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Software Defined Perimeter Market," the software defined perimeter market was valued at $5.3 billion in 2021, and is estimated to reach $143.1 billion by 2031, growing at a CAGR of 39.3% from 2022 to 2031.Software defined perimeter (SDP) refers to a specific type of security solution that protects networks such as servers, operating systems, wireless protocols, and others from the risks of external and internal threats. SDP is designed to offer a reliable and dynamic overlay network that to lessen network-based threats. When using SDP, resources are hidden from unauthorized users. By abandoning outdated perimeter-centric security methods, organizations can meet the goals of Zero Trust and increase their security effectiveness and resilience with SDP. The design of SDP also includes a need-to-know access model that needs users on validated devices to sign in to the perimeter cryptographically. In addition, it also blackens assets while employing public infrastructures such as the internet.
The software defined perimeter market is driven by mainly due to an increase in cybersecurity threats globally. Moreover, fast-growing initiatives such as software-defined wide-area-networking (SD-WAN) and the security-oriented Software Defined Perimeter (SDP) are also contributing to the market growth. Apart from this, major solution suppliers are focusing on introducing advanced software defined perimeter software to meet the changing work environment amongst small & medium as well as large enterprises. Also, solution vendors are adopting various business expansion strategies mainly amalgamation, mergers & acquisitions, and joint ventures to expand their technological capabilities and stay competitive in the global market. For instance, in June 2022, Johnson Controls, the global leader in smart, healthy, and sustainable buildings acquired Tempered Networks company to bring zero trust cybersecurity to connected buildings globally. This strategic move gives Johnson Controls the capability to provide zero trust security within fully autonomous buildings that are inherently resilient to cyberattack. Owing to the abovementioned factors, the global software defined perimeter is expected to witness exponential growth during the forecast period.
Traditional data centers and servers are prone to vulnerable malware and threats of network attacks owing to a lack of awareness about advanced security solutions along with a lack of industry standards. Also, the high cost of investments involved at the initial stage to configure the solutions and services associated with software defined perimeter is projected to limit the market growth.
The outbreak of the COVID-19 pandemic has revolutionized the working environment wherein the major population is working remotely. In such a scenario, the introduction of advanced intuitive technologies mainly the Internet of Things has played an imperative role in redefining the software defined perimeter (SPD) market. It bypasses the complexity and lengthy processes of traditional VPNs providing an integrated, secure, and cyber-resilient infrastructure platform for critical applications and systems.
The software defined perimeter (SDP) market share is segmented on the basis of connectivity, deployment mode, organization size, user type, and region. By connectivity, it is classified into controller, gateway, and end point. By deployment mode, it is divided into on-premises and cloud. By organization size, it is classified into large enterprises and small and medium enterprise. By user type, it is divided into government and defense, IT and telecom, banking, financial services and insurance, manufacturing, healthcare, retail and e-commerce, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the software defined perimeter market report include Check Point Software Technologies Ltd., Cisco Systems, Inc., Palo Alto Networks, Intel Corporation, Fortinet, Inc., Akamai Technologies, Okta, NortonLifeLock Inc., and Verizon Cato Networks. The major players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, in November 2021, BlastWave, a developer of software-defined perimeter (SDP) solutions, introduced Passwordless SDP solution ‘BlastShield’ to address the three most common attack vectors. This would help organizations that have adopted a zero-trust security model to have multi-factor authentication (MFA) for identity-based secure remote network access.
Key Market Insights
- Based on connectivity, the end point segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period
- Based on deployment mode, the on-premises segment emerged as the global leader in 2021 and the cloud segment is predicted to witness the fastest growth in the upcoming years
- Based on organization size, the large enterprises segment emerged as the global leader in 2021 and the small and medium enterprises segment is predicted to witness the fastest growth during the forecast period
- Based on user type, the government and defense segment emerged as the global leader in 2021 and the IT and telecom segment is predicted to witness the fastest growth in the upcoming years
- Based on region, the North America market registered the highest market share in 2021 and is projected to maintain its position during the forecast period
Companies Mentioned
- Fortinet, Inc.
- Catbird Networks, Inc.
- RSA Security LLC.
- Intel Corporation
- Check Point Software Technologies Ltd.
- Certes Networks
- Palo Alto Networks, Inc.
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Broadcom Corp
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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