According to a research report "Software Defined Perimeter Market major growth drivers include the rising need for policy-based security architecture to reduce network complexities and the increasing demand for cloud-based applications. Software Defined Perimeter Market provide detailed information about key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) - Global Forecast to 2024" published by MarketsandMarkets. The global software defined perimeter (SDP) market size to grow from USD 2.9 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 36.5% during the forecast period.
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The end point connectivity segment to hold
the largest market size during the forecast period
The SDP market by
connectivity is segmented into controller, gateways, and end point. The end
point segment is expected to have largest market size during the forecast
period, as it provides proof of device authenticity by integrating the device
and user authentication and mitigatescredential theft, brute force password
guessing, and other threats. The growth in the connectivity market is
associated with the rise in the number of security breaches targeting business
networks and applications, where hackers try to gain access to sensitive data.
As vulnerabilities have become more complex and sophisticated, the demand for
SDP products is expected to increase, to cater to the growing challenges posed
by these threats.
By service, the consulting and implementation
segment to grow at a higher CAGR during the forecast period
The SDP market by service is segmented
into consulting and implementation services; and training, support, and
maintenance services. The growing need to upgrade and enhance existing SDP
solutions and make the deployed solution more robust with the emerging nature
of cyberattacks to pave the way for consulting and implementation services in
the market. Consulting and implementation services help companies choose the
most suitable SDP solution, depending on their business-specific requirements
and user type.
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North
America to hold the largest market size during the forecast period
North
America is dominating the SDP market, as the region 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 Information Technology (IT) environment and protect the 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.
Major
vendors in the global SDP market includes 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).
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