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    Software Defined Perimeter Market Report

    Software Defined Perimeter Market Report
    Report code - SR1846 Delivery - 2 Weeks
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    Software Defined Perimeter Market Size, Share, Trend, Forecast, & Industry Analys See more...

    Market Insights

    The Software Defined Perimeter market is projected to grow from USD 3.2 billion in 2020 to USD 21.1 billion by 2026 at a CAGR of over 37.2% during the forecast period.

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the software defined perimeter market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.

    Software Defined Perimeter Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2022-2026

    Estimated year

    2021

    Market Size in 2020

    USD 3.2 billion

    Market Size in 2026

    USD 21.1 billion

    Market Growth (2021-2026)

    37.2% CAGR

     

    Figure: Software Defined Perimeter Market Size, 2020-2026 (USD Billion)

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    Software-Defined Perimeter (SDP), also regarded as a “Black Cloud,” is a computer security technique which originated from work done at the Defense Information Systems Agency (DISA) under the Information Grid (GIG) Black Core Network effort. The Cloud Security Alliance (CSA) created the software-defined perimeter (SDP) architecture to manage access to resources based on identification. In a SDP, connectivity is on the basis of a need-to-know model, in which device posture and identity are checked before access to application infrastructure is permitted.

    Key Players

    The key players operating in the software defined perimeter market are-

    • Perimeter 81 (Israel)
    • ZScaler (US)
    • Cisco Systems, Inc. (US)
    • Okta, Inc. (US)
    • APPGate (US)
    • Check Point (Israel)
    • Broadcom (Symantec) (US)
    • Cato Networks Limited (US)
    • Unisys Corporation (US)
    • Fortinet Corporation (US)

    Market Dynamics

    Growing cloud technology use, surging need for scalable & programmable security architecture, and severe regulations & data compliance requirements on data are some of the factors boosting the market growth. SDP is a security-based solution which reduces network-based assaults, where a network perimeter is dynamically constructed to secure data in the cloud, data centers, and the demilitarized zone, further bolstering the industry growth in the coming years.

    Segments Analysis

    Deployment Trends

    Based on deployment, the software defined perimeter market has been classified into on-premise and cloud. Under these, the cloud segment held a significant market share in 2020. Cloud systems make better use of technology and allow easy sharing of infrastructure among various users & offices, providing a higher level of scalability as well as reducing the ongoing cost of implementation & continual development, thereby boosts the segment growth.

    Regional Trends

    By region, the North America market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is majorly ascribed to large presence of market players and cutting edge security technology adoption & infrastructure. The US government is taking initiatives to build a secure IT environment as well as protect sensitive data, further bolsters the regional market growth during the review period.

    COVID-19 Impact on Software Defined Perimeter Market

    The COVID-19 pandemic has moderately affected the software defined perimeter sector. The outbreak of COVID-19 worldwide is likely to have a short-term increase in demand of security software due to the high usage of API & other services from distributed infrastructure. This is expected to influence a substantial growth in demand in the coming years as the number of enterprises adopting digital infrastructure is expected to rise.

    Critical Questions Answered in the Report

    • What are the key trends in the software defined perimeter market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on software defined perimeter market?
    • What are the key strategies adopted by the major vendors to lead in the software defined perimeter market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Software Defined Perimeter Market includes-

    • Software Defined Perimeter companies
    • Software Defined Perimeter distributors
    • IT companies
    • Government organizations
    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The Software Defined Perimeter market is projected to grow from USD 3.2 billion in 2020 to USD 21.1 billion by 2026 at a CAGR of over 37.2% during the forecast period.

    The key players operating in the software defined perimeter market are Perimeter 81 (Israel), ZScaler (US), Cisco Systems, Inc. (US), Okta, Inc. (US), APPGate (US), Check Point (Israel), Broadcom (Symantec) (US), Cato Networks Limited (US), Unisys Corporation (US), and Fortinet Corporation (US).

    The target audience of Software Defined Perimeter Market includes Software Defined Perimeter companies, Software Defined Perimeter distributors, IT companies, Government organizations.

    North America market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years.

    Growing cloud technology use, surging need for scalable & programmable security architecture, and severe regulations & data compliance requirements on data are some of the factors boosting the market growth.