Growing Adoption of Cloud Based Technology to boost the Software Defined Perimeter (SDP) Market

The software defined perimeter (SDP) market worldwide is expected to grow with a CAGR of 36.0% during the forecast period from 2023 to 2030, starting from US$ 2.50 Bn in 2021. Rising demand for cloud based services; scalable and programmable security architecture is driving the software defined perimeter (SDP) market. Software Defined Perimeter (SDP) is a security system that enables management, configuration and control of information without human intervention. The emergence of IoT (Intenet of things) and changes in bring your own device (BYOD) trends shall further fuel the growth of the market. Therefore, we expect that the software defined perimeter (SDP) market will show significant growth during the forecast period. 

Large Enterprises will led the Market

In 2021, largest share of global Software Defined Perimeter (SDP) market was held by large enterprises. Software defined perimeter require authentication from users to verify data security. This multi-level authentication enable the large enterprises to identify illegal users. Notably, large enterprises have resources pertaining to finance, accounts and others. This data requires to be stowed securely and for utilization by legal users specifically. The software defined perimeter (SDP) monitors the behavioral changes continuously and help the efficiency and operations of large enterprises. Thus, we expect that the large enterprises segment will be the largest revenue sharing segment during the forecast period 2021-2029.

Asia Pacific to Grow Significantly during the Forecast Period

In 2021, North America has a relatively high share in the global software defined perimeter (SDP) market.  Due to early adoption of software defined perimeter (SDP) and the rapid rate of technological advancement in the region the software defined perimeter market. Further, Asia Pacific is expected to grow significantly during the forecast period. The region has a strong base of telecom service providers and ecommerce companies and startups. These corporate structures shall adopt cloud-based technologies during the forecast period. As a result, Asia Pacific is expected to emerge as the fastest growing regional market throughout the forecast period.

Some of the prominent players operating in the software defined perimeter (SDP) market Intel Corporation, Cisco Systems Inc., Juniper Networks, Fortinet Inc., Symantec Corporation, Check Point Software Technologies Ltd., Catbird Networks Inc., Certes Networks, EMC RSA, and Palo Alto Networks Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Software Defined Perimeter (SDP) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Software Defined Perimeter (SDP) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Software Defined Perimeter (SDP) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Software Defined Perimeter (SDP) market?
• Which is the largest regional market for Software Defined Perimeter (SDP) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Software Defined Perimeter (SDP) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Software Defined Perimeter (SDP) market worldwide?