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Software-Defined Perimeter (SDP) Market Size By Organization Size (Large Companies, Small and Medium Businesses), By Deployment Model (On-premise, Cloud-based), By Component (Solution, Service), By Application (Government, IT-enabled services, Banking, Financial Services, and Insurance (BFSI)), By G


Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Software-Defined Perimeter (SDP) Market Size By Organization Size (Large Companies, Small and Medium Businesses), By Deployment Model (On-premise, Cloud-based), By Component (Solution, Service), By Application (Government, IT-enabled services, Banking, Financial Services, and Insurance (BFSI)), By G

Software-Defined Perimeter (SDP) Market Size And Forecast

Software-Defined Perimeter (SDP) Market size was valued at USD 9.81 Billion in the year 2024 and it is expected to reach USD 109.89 Billion in 2031, at a CAGR of 35.25% over the forecast period of 2024 to 2031.

  • Software-defined perimeter (SDP) is a cybersecurity framework that utilizes identity-based access controls to create secure, logical perimeters around applications and resources. It enables secure access to applications and resources based on user identity, device posture, and other contextual factors, rather than relying on traditional network-based perimeters.
  • The SDP approach isolates application infrastructure and hides network attack surfaces, making it more difficult for unauthorized users to access resources. This helps in enhancing the security of critical applications and data, especially in the era of remote work, cloud computing, and distributed access.
  • The application of SDP includes securing remote and mobile access, protecting cloud-based resources, enabling secure access for third-party contractors and partners, and establishing a zero-trust security model within an organization.

Software-Defined Perimeter (SDP) Market Dynamics

The key market dynamics that are shaping the Software-Defined Perimeter (SDP) market include

Key Market Drivers

  • Increasing adoption of cloud computing and distributed IT infrastructureThe rapid migration to cloud-based applications and the proliferation of remote/mobile access are driving the need for secure access controls beyond traditional network perimeters, fueling the demand for SDP solutions.
  • Growing focus on zero-trust security modelsOrganizations are increasingly adopting zero-trust security frameworks that verify every user, device, and application access request, regardless of network location. SDP aligns well with the zero-trust approach, making it a preferred choice for securing modern IT environments.
  • Rising cyber threats and data breachesThe surge in sophisticated cyber threats, including ransomware, phishing, and data breaches, is compelling organizations to implement robust, identity-centric security measures like SDP to protect critical applications and data.
  • Need for secure remote access and BYOD supportThe COVID-19 pandemic has accelerated the shift to remote work, leading to a growing demand for secure remote access solutions. SDP enables secure access for remote workers and supports Bring Your Own Device (BYOD) policies.
  • Stringent regulatory compliance requirementsCompliance mandates, such as GDPR, HIPAA, and PCI DSS, are driving the adoption of SDP to establish secure access controls and protect sensitive data, especially in regulated industries like healthcare and finance.
  • Increasing focus on reducing the attack surface and improving visibilitySDP helps organizations reduce their attack surface by hiding network resources and improving visibility into user and device access, making it easier to detect and mitigate potential threats.

Key Challenges

  • Complexity of implementation and integrationDeploying and integrating SDP solutions with existing IT infrastructure and applications can be complex, especially for organizations with legacy systems and diverse technology environments.
  • Lack of standardization and interoperabilityThe SDP market lacks industry-wide standards, which can lead to compatibility issues and vendor lock-in, making it challenging for organizations to seamlessly integrate SDP solutions with their existing security frameworks.
  • High initial investment and ongoing maintenance costsImplementing and maintaining SDP solutions can be capital-intensive, requiring significant upfront investments in technology, infrastructure, and skilled personnel, which may deter some organizations, especially small and medium-sized businesses.
  • Resistance to change and organizational inertiaSome organizations may be reluctant to adopt SDP due to cultural resistance to change, concerns about disrupting existing workflows, and the perceived complexity of transitioning from traditional network security approaches.
  • Regulatory and compliance complexitiesNavigating the various regulatory requirements, such as data privacy laws and industry-specific compliance mandates, can be a significant challenge for organizations when deploying SDP solutions.
  • Lack of skilled workforce and talent shortageThe demand for SDP expertise often outpaces the availability of skilled professionals, making it difficult for organizations to find and retain the necessary talent to effectively implement and manage SDP solutions.

Key Trends

  • Increasing adoption of cloud-native and zero-trust security architectures As organizations continue to migrate to the cloud and embrace zero-trust security models, the demand for SDP solutions that seamlessly integrate with these modern security frameworks is on the rise.
  • Convergence of SDP with other security technologies SDP is increasingly converging with complementary security technologies, such as CASB (Cloud Access Security Broker), ZTNA (Zero-Trust Network Access), and SASE (Secure Access Service Edge), creating more comprehensive and integrated security solutions.
  • Emergence of SDP-as-a-Service offerings The market is witnessing the emergence of SDP-as-a-Service solutions, where organizations can leverage cloud-hosted SDP capabilities without the need for on-premises infrastructure, reducing the complexity and cost of deployment.
  • Increased focus on user experience and productivity SDP vendors are prioritizing user experience and productivity by enhancing features like single sign-on, device posture checks, and contextual access policies to enable frictionless access to applications and resources.
  • Expansion of SDP into IoT and OT environmentsAs the number of connected devices in industrial and IoT environments grows, there is an increasing need to extend SDP capabilities to secure access to operational technology (OT) and IoT assets, driving SDP adoption in these domains.
  • Integration of SDP with existing security tools and frameworks Organizations are looking to seamlessly integrate SDP solutions with their existing security infrastructure, such as Identity and Access Management (IAM) systems, Security Information and Event Management (SIEM) platforms, and SOAR (Security Orchestration, Automation, and Response) tools.
  • Increased focus on compliance and regulatory requirements Compliance with various data protection and cybersecurity regulations, such as GDPR, HIPAA, and PCI DSS, is a key driver for SDP adoption, as it helps organizations meet stringent access control and data security requirements.

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Global Software-Defined Perimeter (SDP) Market Regional Analysis

North America

  • North America is expected to dominate the global Software-Defined Perimeter (SDP) market, driven by the early adoption of cloud computing, the strong presence of leading SDP vendors, and the increasing focus on cybersecurity in the region.
  • The high adoption of cloud-based applications, the proliferation of remote and hybrid work models, and the growing emphasis on zero-trust security frameworks are key factors contributing to the dominance of the North American SDP market.
  • The presence of major SDP vendors, such as Zscaler, Cisco, and Palo Alto Networks, along with a well-developed IT infrastructure and a mature cybersecurity ecosystem, further solidifies North America’s position as the leading region for SDP market growth.

Asia Pacific

  • The Asia Pacific region is expected to experience rapid growth in the Software-Defined Perimeter (SDP) market, driven by the increasing digital transformation initiatives, the rise of cloud computing, and the growing emphasis on data security and compliance in the region.
  • The region’s large and tech-savvy population, the growing adoption of remote and hybrid work models, and the increasing focus on cybersecurity regulations, such as the APEC Cross-Border Privacy Rules (CBPR) system, are fueling the demand for SDP solutions in the Asia Pacific.
  • Countries like China, Japan, and India are expected to be the key contributors to the Asia Pacific SDP market growth, as these nations continue to invest in digital infrastructure and implement stringent data privacy and security measures.
  • The presence of local and regional SDP providers, coupled with the growing emphasis on cloud adoption and zero-trust security architectures, is further driving the expansion of the SDP market in the Asia Pacific region.

Global Software-Defined Perimeter (SDP) Market Segmentation Analysis

The Global Software-Defined Perimeter (SDP) Market is segmented into Organization Size, Deployment Model, Component, Application, and Geography.

Software-Defined Perimeter (SDP) Market, By Organization Size

  • Large Companies
  • Small and Medium Businesses

Based on Organization Size, the market is segmented into Large Companies and Small and Medium Businesses. SDP needs users to give various forms of authentication to determine whether they are safe to enter the network. Because of this double authentication, large enterprises can identify an illegal user even if the individual has legal user credentials. During the anticipated period, major firms held the largest market share. These organizations have massive amounts of data on financial, accounting, and company data, among other things. This must be safely stored as well as securely used by authorized individuals. SDP continually monitors the behavioral changes that occur in the environment as the users complete different confidential tasks.

Software-Defined Perimeter (SDP) Market Segmentation, By Deployment Model

  • On-premise
  • Cloud-based

Based on the Deployment Model, the market is segmented into On-premise and Cloud-based. Cloud solutions make better use of technology and allow for easy infrastructure sharing among various users and offices, providing more scalability and lowering the ongoing cost of adoption and continuous improvement. These advantages are projected to promote cloud SDP solution adoption across all user categories.

Software-Defined Perimeter (SDP) Market Segmentation, By Component

  • Solution
  • Service

Based on Component, the market is segmented into Solutions and Services. SDP solutions provide a centralized security compliance and policy management solution by automating the complete security compliance and policy management process, which is deployed through software, appliances, and hosted Software as a Service (SaaS) or virtual machines. It saves time and money while increasing productivity by allowing organizations to focus on their most important responsibilities.

Software-Defined Perimeter (SDP) Market, By Application

  • Government
  • IT-enabled services
  • Banking, Financial Services, and Insurance (BFSI)
  • Retail
  • Healthcare
  • Telecom service providers
  • Cloud service providers
  • Others

Based on Application, the market is segmented into Government, IT-enabled services, Banking, Financial Services, and Insurance (BFSI), Retail, Healthcare, Telecom service providers, Cloud service providers, and Others. The term “software-defined perimeter” was coined by the defense services and is most commonly used in defense applications. The Banking, Financial, and Insurance Services (BFSI) industry is also expected to dominate the market. Because of the large number of data breaches and access to restricted infrastructure, the telecom and IT markets are predicted to grow at the quickest CAGR during the forecast period. The demand for streamlined structural security is expected to drive SDP usage even further.

Software-Defined Perimeter (SDP) Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on geography

the Software-Defined Perimeter (SDP) market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the global SDP market, driven by the early adoption of cloud computing, the strong presence of leading SDP vendors, and the increasing focus on cybersecurity in the region. Europe is also a significant player in the SDP market, propelled by the region’s stringent data protection regulations and the growing awareness of cyber threats. The Asia Pacific region is anticipated to experience the highest growth rate during the forecast period, fueled by the increasing digital transformation initiatives, the rise of cloud computing, and the growing emphasis on data security and compliance. While the Rest of the World, including Latin America, the Middle East, and Africa, is also witnessing steady SDP market growth, the pace may be slower compared to other regions due to factors like limited IT infrastructure and lower awareness of advanced cybersecurity technologies.

Key Players

The “Software-Defined Perimeter (SDP) Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Cisco Systems Inc., Catbird Networks Inc., Intel Corporation, Symantec Corporation, Check Point Software Technologies Ltd. and Certes Networks Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Software-Defined Perimeter (SDP) Market Recent Developments

  • In January 2023, InstaSafe, a Bangalore-based security service provider, announced the expansion of its product base across India and SAARC by partnering with iValue InfoSolutions, a technology services and solutions aggregator across India and Southeast Asia. Both organizations are working towards promoting software-defined perimeter (SDP) based zero trust security solutions to address cloud security, identity management, and remote access across the Indian subcontinent.
  • In February 2022, Appgate, a software-defined perimeter (SDP) provider that controls access to IT platforms, announced that it had extended its SDP solution support for Kubernetes clusters for creating a zero-trust IT environment. The aim is to enable an IT team to employ a single framework to enforce a standard set of security policies across both legacy monolithic environments and the cloud-native applications that are now being deployed at a faster rate in production environments.
  • In December 2022, InstaSafe, collaborated with ZNet Technologies, a provider of cloud services, IT infrastructure, and cybersecurity solutions, expanding their product base by leveraging ZNet’s partner network across the Indian market. This collaboration will address InstaSafe’s software-defined perimeter-based zero-trust security solutions, cloud security, identity management, and remote access globally.
  • In September 2022, Wipro Limited expanded its collaboration with Palo Alto Networks to provide network transformation and managed security solutions including Security Operations Center (SOC) and Secure Access Service Edge (SASE) solutions based on zero trust principles for enterprises across the globe.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Cisco Systems Inc., Catbird Networks Inc., Intel Corporation, Symantec Corporation, Check Point Software Technologies Ltd. and Certes Networks Inc.

SEGMENTS COVERED

By Organization Size, By Deployment Model, By Component, By Application, By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business exp

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