According to a research report "Software Defined Perimeter Market by Component (Solutions and Services), Connectivity, Deployment Mode, Organization Size, User Type (Government & Defense, IT & Telecom, and Retail & eCommerce), and Region - Global Forecast to 2024", published by MarketsandMarkets. The major growth drivers of the software defined perimeter industry include the rising need for policy-based security architecture to reduce network complexities and the increasing demand for cloud-based applications.
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Among solutions, the security compliance and
policy management segment to grow at the highest CAGR during the forecast
period
The software defined
perimeter market is segmented on the basis of solutions such as access control,
risk analytics and visualization, security compliance and policy management,
performance management and reporting and others (control automation and
orchestration, data loss prevention (DLP), intrusion detection system (IDS),
and intrusion prevention system (IDS)). The security compliance and policy
management segment is the fastest-growing segment in the SDP market. SDP
solutions deliver a centralized security compliance and policy management
solution by automating the entire security compliance and policy management
process deployed via software, appliances, and hosted Software as a Service
(SaaS) or virtual machines. It saves time and money, and enhances productivity
by ensuring that businesses focus on their major tasks.
By deployment mode, the cloud segment to grow
at a rapid pace during the forecast period
On the basis of deployment mode, the
SDP market is segmented into cloud and on-premises. Cloud systems make better
use of technology and enable easy sharing of infrastructure among multiple
users and offices, offering a greater level of scalability and reducing the
ongoing cost of implementation and continual development. These benefits are
expected to drive the adoption of cloud SDP solutions across all user types.
Owing to more and more applications being deployed over the cloud, there is a
shift from traditional on-premises security solutions to cloud-based security
solutions across large enterprises and SMEs.
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North
America to hold the largest market size during the forecast period
North
America is dominating the software defined perimeter market, as North America
is considered to be the most advanced region with regards to cutting edge
security technology adoption and infrastructure. Governments in this region are
taking initiatives to build a secure IT environment and protect sensitive data.
In addition, the region is highly regulated in terms of compliance management.
As data centers become increasingly software-driven, businesses need flexible
and agile security solutions.
Key market
players
Major
vendors in the global SDP market include Check Point (Israel), Cisco (US),
Akamai (US), Palo Alto Networks (US), Symantec (US), Okta (US), Proofpoint
(US), Verizon (US), Fortinet (US), Intel (US), Perimeter 81 (Israel), Safe-T
(Israel), Pulse Secure (US), CloudPassage (US), Illumio (US), DH2i (US), Certes
Networks (US), TrustedPassage (US), Cato Networks (US), and AppGate (US). These
vendors have adopted various organic and inorganic growth strategies, such as
new product launches, partnerships and collaborations, and mergers and
acquisitions, to expand their presence in the global software defined perimeter
market.
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