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Software Defined Perimeter

RA00080

Software Defined Perimeter (SDP) Market, by Connectivity (Gateway, End point, Controller), Development Mode (On-premises, Cloud), Organization Size (Large Enterprises, Small and Medium sized Enterprises), User Type (IT and Telecom, Manufacturing, Government & Defense, Banking, Financial Services & Insurance, Retail & Ecommerce, Healthcare, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

Global Software Defined Perimeter (SDP) Market Insights 2026:

According to Software Defined Perimeter (SDP) Market analysis by Research Dive, The Software Defined Perimeter (SDP) market forecast will be $23,132.8 million by 2026, growing at a CAGR of 35.8% from $2,000.0 million in 2018. North American market was valued for $760.0 million in 2018 and is predicted to grow by $8,327.8 million by 2026. Asia-Pacific market was $420.0 million in 2018 and is predicted to grow by generating a revenue of $5,181.7 million by 2026.

The concept of a software defined perimeter (SDP) is to create security for IT systems and network attacks. This security system is to maintain and control the network system by programmable strategies driven by SDP architecture. The major benefit of the SDP is facility to access and ability to hide of application layer. 

Growing implementation of cloud technology and necessity of programmable security planning are major Software Defined Perimeter (SDP) Market driver

Technological advancement on cloud and increase in the adoption of cloud systems for multi-cloud applications’, programmable security is a significant trend for the software defined perimeter (SDP) market growth. Furthermore, many organizations are approaching zero trust policy of “confirmation before trust” by incorporating device authentication, and stateful and stronger services technologies. These organizations are adopting cloud based services to their IT and networking systems to reduce the threats from cyber-attacks. The implementation of this technology is anticipated to drive the growth of the market in the coming years. 

Moreover, software defined perimeter also protects the information against unauthorized users who are accessing networks; this is estimated to enhance the growth of the software defined perimeter (SDP) market.     

Lack of awareness about SDP security is a significant restraint for the growth of Software Defined Perimeter (SDP) Market 

Lack of awareness about security is major restraint for the development of the SDP market. In addition, the dearth of SDP industry standards is also expected to hamper the market growth. 

Development of Internet of Things will be a significant investment opportunity for the growth of Software Defined Perimeter (SDP) Market 

Emergence of Internet of Thing (IoT) with SDP based security system is creating abundant growth opportunities for the SDP market. IoT is becoming more important for all size of businesses and it requires security from external attacks. The SDP for IoT, is dynamic and it is the best alternative to the networks controls and traditional firewalls and is projected to increase the growth of the market in the near future time. 

Software Defined Perimeter (SDP) Market, by Connectivity 

End point connectivity type is expected to be most lucrative till the end of 2026

Software Defined Perimeter (SDP) Market, by Connectivity

 Source: Research Dive Analysis

The end point connectivity type will witness significant growth and is estimated to reach $8,489.7 million by 2026, rising from $680.0 million in 2018. This endpoint connectivity type will secure device data through encryption to provide better security that controls the network systems access and blocks the unauthorized users. Due to encrypting data, the growth of the market is expected to rise in the forecast period.

Gateway connectivity type held the majority of the software defined perimeter (SDP) market size in 2018, which accounted for $860.0 million in 2018 and is expected to register revenue of $9,114.3 million by 2026. The gateway connectivity type plays a vital role in the transport layer security connections, which is developed to deliver communication security. This verifies the identity of the requesting device and authorizes the user; this aspect will increase the requirement of the SDP security in the near future. 

Software Defined Perimeter (SDP) Market, by Development Mode

Cloud development mode is predicted to be most lucrative till the end of 2026
 

Software Defined Perimeter (SDP) Market, by Development Mode

Source: Research Dive Analysis

On-premises development mode led the global market size; it is expected to grow at a rate of 34.5% CAGR, estimated to account for $11,473.9 million by 2026, and is increasing from $1,070.0 million in 2018. Cloud development mode generated a revenue of $930.0 million in 2018 and is anticipated to reach $11,658.9 million by 2026. The extensive usage of cloud systems in the all sizes of business is boosting due to the number employees working in the same organization can share the data. In addition, these systems provide higher level of security and hence organizations are shifting from on-premises security to cloud security, which is anticipated to drive the growth of the market in the coming years. 

Software Defined Perimeter (SDP) Market, by Organization Size:

Large enterprises accounted for highest market size and will grow at a CAGR of 34.7% during the projected time

Software Defined Perimeter (SDP) Market, by Organization Size

Source: Research Dive Analysis

Small and medium sized enterprises will experience noteworthy growth with a CAGR of 37.3% during the forecast time and is projected to reach $10,247.8 million by 2026. This growth is attributed to increase in the number of startup companies in the IT sector that need to secure their data such as accounts, finance and others. Large enterprises held majority of the market size in 2018 and it was valued at $1,188.0 million, anticipating to account for $12,885.0 million by 2026. Large enterprises maintain huge data including company information, ongoing developments in the organization and others. To secure such information they require advanced system; this factor will increase the demand of software defined perimeter (SDP) security system. 


 Software Defined Perimeter (SDP) Market, by User Type

Government & Defense user accounted for highest market size and will grow at a CAGR of 34.1% during the projected time
 Software Defined Perimeter (SDP) Market, by User Type

Source: Research Dive Analysis

Government & Defense sector held the majority of the market share in 2018 and it was valued at $480.0 million in the 2018. This growth is attributed to extensive usage of SDP security systems in government & defense sector for the protection of weapons with surveillance, reconnaissance systems and intelligence information. These systems require most reliable and enhanced security system, which is expected to increase the demand for SDP security system to secure the government & defense sector data. IT and Telecom sector is projected to experience substantial growth and is anticipated to account for $2,799.1 million by the end of 2026 with a growth rate of 37.0% during the forecast period.  

Software Defined Perimeter (SDP) Market, by Region:

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

The Asia Pacific market is anticipated to grow at faster rate and is expected to capture significant growth opportunities during the forecast period. The software defined perimeter (SDP) market for Asia-Pacific is rising at a CAGR of 36.9% and is projected to reach $5,181.7 million by 2026 from $420.0 million in 2018. This growth in the market is majorly due to extensive preference of cloud based application services by the small and medium organizations. Furthermore, emerging startups across Asia-Pacific in IT and Network systems are adopting cloud based services to protect themselves from cyber-attacks. This is estimated to increase the growth of the market in Asia-Pacific region 

North America Software Defined Perimeter Market Overview 2026:

North America region dominated the overall software defined perimeter (SDP) market share, which was of 38.0% in 2018; it registered for $760.0 million and is projected to reach $8,327.8 million by 2026. This is majorly due to technological advancements along with increase in the adoption of SDP security system by several organizations across the region. These factors are projected to drive the growth of the market in North America region during the forecast period. 

To explore more about Software Defined Perimeter (SDP) Market, get in touch with our analysts here. {https://www.researchdive.com/80/Analyst-Review/software-defined-perimeter-sdp-market}


Key Participants in Global Software Defined Perimeter (SDP) Market:

Product development and joint ventures are the most common strategies followed by the market players

Key Participants in Global Software Defined Perimeter (SDP) Market

Source: Research Dive Analysis

The major key players of software defined perimeter (SDP) market include Fortinet, Inc., Catbird Networks, Inc., RSA Security LLC., Intel Corporation, Check Point Software Technologies Ltd., CERTES NETWORKS, Cisco Systems, Inc., Palo Alto Networks, Inc., Juniper Networks, Inc. and Broadcom. These key players are concentrating on several strategies such as new technology introduction, R&D investments and new product launches to gain the highest market size in the overall software defined perimeter (SDP) industry. 

For example, in October 2019, Check Point Software Technologies Ltd., released “1500 series security gateways for SMBs”, that is standards of protection against the most progressive latest generation cyberattacks.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Connectivity

  • Gateway
  • End point
  • Controller

  Segmentation by Development Mode

  • On-premises
  • Cloud

  Segmentation by Organization Size

  • Large Enterprises
  • Small and Medium sized Enterprises

  Segmentation by User Type

  • IT & Telecom
  • Manufacturing
  • Government and Defense
  • Banking, Financial Services & Insurance
  • Retail and Ecommerce
  • Healthcare
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Fortinet, Inc.
  • Catbird Networks, Inc.
  • RSA Security LLC.
  • Intel Corporation
  • Check Point Software Technologies Ltd.
  • CERTES NETWORKS
  • Cisco Systems, Inc.
  • Palo Alto Networks, Inc.
  • Juniper Networks, Inc.
  • Broadcom

Source: Research Dive Analysis

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global software defined perimeter (SDP) market size was over $2,000.0 million in 2018, and is further anticipated to reach $23,132.8 million by 2026.

A. Catbird Networks, Inc., Intel Corporation, Check Point Software Technologies Ltd., and CERTES NETWORKS are some of the key players in the global software defined perimeter (SDP) market.

A. Asia-Pacific possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia Pacific software defined perimeter (SDP) market is projected to grow at 36.9% CAGR during the forecast period.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. Intel Corporation and Check Point Software Technologies Ltd. are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Connectivity trends
2.3. Development mode trends
2.4. Organization size trends
2.5. User type trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Strategic overview

4. Software Defined Perimeter (SDP) Market, by Connectivity

4.1. Gateway

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. End point  

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Controller

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

5. Software Defined Perimeter (SDP) Market, by Development Mode

5.1. On-premises

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Cloud

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

6. Software Defined Perimeter (SDP) Market, by Organization Size

6.1. Large Enterprises

6.1.1. Market size and forecast, by region, 2018-2026
6.1.2. Comparative market share analysis, 2018 & 2026

6.2. Small and Medium sized Enterprises

6.2.1. Market size and forecast, by region, 2018-2026
6.2.2. Comparative market share analysis, 2018 & 2026

7. Software Defined Perimeter (SDP) Market, by User Type

7.1. IT & Telecom

7.1.1. Market size and forecast, by region, 2018-2026
7.1.2. Comparative market share analysis, 2018 & 2026

7.2. Manufacturing

7.2.1. Market size and forecast, by region, 2018-2026
7.2.2. Comparative market share analysis, 2018 & 2026

7.3. Government & Defense

7.3.1. Market size and forecast, by region, 2018-2026
7.3.2. Comparative market share analysis, 2018 & 2026

7.4. Banking, Financial Services & Insurance

7.4.1. Market size and forecast, by region, 2018-2026
7.4.2. Comparative market share analysis, 2018 & 2026

7.5. Retail and Ecommerce

7.5.1. Market size and forecast, by region, 2018-2026
7.5.2. Comparative market share analysis, 2018 & 2026

7.6. Healthcare 

7.6.1. Market size and forecast, by region, 2018-2026
7.6.2. Comparative market share analysis, 2018 & 2026

7.7. Others 

7.7.1. Market size and forecast, by region, 2018-2026
7.7.2. Comparative market share analysis, 2018 & 2026

8. Software Defined Perimeter (SDP) Market, by Region

8.1. North America

8.1.1. Market size and forecast, by connectivity, 2018-2026
8.1.2. Market size and forecast, by development mode, 2018-2026
8.1.3. Market size and forecast, by organization size, 2018-2026
8.1.4. Market size and forecast, by user type, 2018-2026
8.1.5. Market size and forecast, by country, 2018-2026
8.1.6. Comparative market share analysis, 2018 & 2026
8.1.7. U.S.

8.1.7.1. Market size and forecast, by connectivity, 2018-2026
8.1.7.2. Market size and forecast, by development mode, 2018-2026
8.1.7.3. Market size and forecast, by organization size, 2018-2026
8.1.7.4. Market size and forecast, by user type, 2018-2026
8.1.7.5. Comparative market share analysis, 2018 & 2026

8.1.8. Canada

8.1.8.1. Market size and forecast, by connectivity, 2018-2026
8.1.8.2. Market size and forecast, by development mode, 2018-2026
8.1.8.3. Market size and forecast, by organization size, 2018-2026
8.1.8.4. Market size and forecast, by user type, 2018-2026
8.1.8.5. Comparative market share analysis, 2018 & 2026

8.1.9. Mexico

8.1.9.1. Market size and forecast, by connectivity, 2018-2026
8.1.9.2. Market size and forecast, by development mode, 2018-2026
8.1.9.3. Market size and forecast, by organization size, 2018-2026
8.1.9.4. Market size and forecast, by user type, 2018-2026
8.1.9.5. Comparative market share analysis, 2018 & 2026

8.2. Europe

8.2.1. Market size and forecast, by connectivity, 2018-2026
8.2.2. Market size and forecast, by development mode, 2018-2026
8.2.3. Market size and forecast, by organization size, 2018-2026
8.2.4. Market size and forecast, by user type, 2018-2026
8.2.5. Market size and forecast, by country, 2018-2026
8.2.6. Comparative market share analysis, 2018 & 2026
8.2.7. UK

8.2.7.1. Market size and forecast, by connectivity, 2018-2026
8.2.7.2. Market size and forecast, by development mode, 2018-2026
8.2.7.3. Market size and forecast, by organization size, 2018-2026
8.2.7.4. Market size and forecast, by user type, 2018-2026
8.2.7.5. Comparative market share analysis, 2018 & 2026

8.2.8. Germany

8.2.8.1. Market size and forecast, by connectivity, 2018-2026
8.2.8.2. Market size and forecast, by development mode, 2018-2026
8.2.8.3. Market size and forecast, by organization size, 2018-2026
8.2.8.4. Market size and forecast, by user type, 2018-2026
8.2.8.5. Comparative market share analysis, 2018 & 2026

8.2.9. France

8.2.9.1. Market size and forecast, by connectivity, 2018-2026
8.2.9.2. Market size and forecast, by development mode, 2018-2026
8.2.9.3. Market size and forecast, by organization size, 2018-2026
8.2.9.4. Market size and forecast, by user type, 2018-2026
8.2.9.5. Comparative market share analysis, 2018 & 2026

8.2.10. Spain

8.2.10.1. Market size and forecast, by connectivity, 2018-2026
8.2.10.2. Market size and forecast, by development mode, 2018-2026
8.2.10.3. Market size and forecast, by organization size, 2018-2026
8.2.10.4. Market size and forecast, by user type, 2018-2026
8.2.10.5. Comparative market share analysis, 2018 & 2026

8.2.11. Italy

8.2.11.1. Market size and forecast, by connectivity, 2018-2026
8.2.11.2. Market size and forecast, by development mode, 2018-2026
8.2.11.3. Market size and forecast, by organization size, 2018-2026
8.2.11.4. Market size and forecast, by user type, 2018-2026
8.2.11.5. Comparative market share analysis, 2018 & 2026

8.2.12. Rest of Europe

8.2.12.1. Market size and forecast, by connectivity, 2018-2026
8.2.12.2. Market size and forecast, by development mode, 2018-2026
8.2.12.3. Market size and forecast, by organization size, 2018-2026
8.2.12.4. Market size and forecast, by user type, 2018-2026
8.2.12.5. Comparative market share analysis, 2018 & 2026 

8.3. Asia Pacific

8.3.1. Market size and forecast, by connectivity, 2018-2026
8.3.2. Market size and forecast, by development mode, 2018-2026
8.3.3. Market size and forecast, by organization size, 2018-2026
8.3.4. Market size and forecast, by user type, 2018-2026
8.3.5. Market size and forecast, by country, 2018-2026
8.3.6. Comparative market share analysis, 2018 & 2026
8.3.7. China

8.3.7.1. Market size and forecast, by connectivity, 2018-2026
8.3.7.2. Market size and forecast, by development mode, 2018-2026
8.3.7.3. Market size and forecast, by organization size, 2018-2026
8.3.7.4. Market size and forecast, by user type, 2018-2026
8.3.7.5. Comparative market share analysis, 2018 & 2026

8.3.8. Japan

8.3.8.1. Market size and forecast, by connectivity, 2018-2026
8.3.8.2. Market size and forecast, by development mode, 2018-2026
8.3.8.3. Market size and forecast, by organization size, 2018-2026
8.3.8.4. Market size and forecast, by user type, 2018-2026
8.3.8.5. Comparative market share analysis, 2018 & 2026

8.3.9. India

8.3.9.1. Market size and forecast, by connectivity, 2018-2026
8.3.9.2. Market size and forecast, by development mode, 2018-2026
8.3.9.3. Market size and forecast, by organization size, 2018-2026
8.3.9.4. Market size and forecast, by user type, 2018-2026
8.3.9.5. Comparative market share analysis, 2018 & 2026

8.3.10. Australia

8.3.10.1. Market size and forecast, by connectivity, 2018-2026
8.3.10.2. Market size and forecast, by development mode, 2018-2026
8.3.10.3. Market size and forecast, by organization size, 2018-2026
8.3.10.4. Market size and forecast, by user type, 2018-2026
8.3.10.5. Comparative market share analysis, 2018 & 2026

8.3.11. South Korea

8.3.11.1. Market size and forecast, by connectivity, 2018-2026
8.3.11.2. Market size and forecast, by development mode, 2018-2026
8.3.11.3. Market size and forecast, by organization size, 2018-2026
8.3.11.4. Market size and forecast, by user type, 2018-2026
8.3.11.5. Comparative market share analysis, 2018 & 2026

8.3.12. Rest of Asia Pacific

8.3.12.1. Market size and forecast, by connectivity, 2018-2026
8.3.12.2. Market size and forecast, by development mode, 2018-2026
8.3.12.3. Market size and forecast, by organization size, 2018-2026
8.3.12.4. Market size and forecast, by user type, 2018-2026
8.3.12.5. Comparative market share analysis, 2018 & 2026

8.4. LAMEA

8.4.1. Market size and forecast, by connectivity, 2018-2026
8.4.2. Market size and forecast, by development mode, 2018-2026
8.4.3. Market size and forecast, by organization size, 2018-2026
8.4.4. Market size and forecast, by user type, 2018-2026
8.4.5. Market size and forecast, by country, 2018-2026
8.4.6. Comparative market share analysis, 2018 & 2026
8.4.7. Latin America

8.4.7.1. Market size and forecast, by connectivity, 2018-2026
8.4.7.2. Market size and forecast, by development mode, 2018-2026
8.4.7.3. Market size and forecast, by organization size, 2018-2026
8.4.7.4. Market size and forecast, by user type, 2018-2026
8.4.7.5. Comparative market share analysis, 2018 & 2026

8.4.8. Middle East

8.4.8.1. Market size and forecast, by connectivity, 2018-2026
8.4.8.2. Market size and forecast, by development mode, 2018-2026
8.4.8.3. Market size and forecast, by organization size, 2018-2026
8.4.8.4. Market size and forecast, by user type, 2018-2026
8.4.8.5. Comparative market share analysis, 2018 & 2026

8.4.9. Africa

8.4.9.1. Market size and forecast, by connectivity, 2018-2026
8.4.9.2. Market size and forecast, by development mode, 2018-2026
8.4.9.3. Market size and forecast, by organization size, 2018-2026
8.4.9.4. Market size and forecast, by user type, 2018-2026
8.4.9.5. Comparative market share analysis, 2018 & 2026

8.4.10. Rest of LAMEA

8.4.10.1. Market size and forecast, by connectivity, 2018-2026
8.4.10.2. Market size and forecast, by development mode, 2018-2026
8.4.10.3. Market size and forecast, by organization size, 2018-2026
8.4.10.4. Market size and forecast, by user type, 2018-2026
8.4.10.5. Comparative market share analysis, 2018 & 2026

9. Company Profiles

9.1. Fortinet, Inc.

9.1.1. Business overview
9.1.2. Financial performance
9.1.3. Product portfolio
9.1.4. Recent strategic moves & developments
9.1.5. SWOT analysis

9.2. Catbird Networks, Inc.

9.2.1. Business overview
9.2.2. Financial performance
9.2.3. Product portfolio
9.2.4. Recent strategic moves & developments
9.2.5. SWOT analysis

9.3. RSA Security LLC.

9.3.1. Business overview
9.3.2. Financial performance
9.3.3. Product portfolio
9.3.4. Recent strategic moves & developments
9.3.5. SWOT analysis

9.4. Intel Corporation

9.4.1. Business overview
9.4.2. Financial performance
9.4.3. Product portfolio
9.4.4. Recent strategic moves & developments
9.4.5. SWOT analysis

9.5. Check Point Software Technologies Ltd.

9.5.1. Business overview
9.5.2. Financial performance
9.5.3. Product portfolio
9.5.4. Recent strategic moves & developments
9.5.5. SWOT analysis

9.6. CERTES NETWORKS

9.6.1. Business overview
9.6.2. Financial performance
9.6.3. Product portfolio
9.6.4. Recent strategic moves & developments
9.6.5. SWOT analysis

9.7. Cisco Systems, Inc.

9.7.1. Business overview
9.7.2. Financial performance
9.7.3. Product portfolio
9.7.4. Recent strategic moves & developments
9.7.5. SWOT analysis

9.8. Palo Alto Networks, Inc.

9.8.1. Business overview
9.8.2. Financial performance
9.8.3. Product portfolio
9.8.4. Recent strategic moves & developments
9.8.5. SWOT analysis

9.9. Juniper Networks, Inc.

9.9.1. Business overview
9.9.2. Financial performance
9.9.3. Product portfolio
9.9.4. Recent strategic moves & developments
9.9.5. SWOT analysis

9.10. Broadcom

9.10.1. Business overview
9.10.2. Financial performance
9.10.3. Product portfolio
9.10.4. Recent strategic moves & developments
9.10.5. SWOT analysis

Software-defined perimeter (SDP) framework was developed by the Cloud Security Alliance (CSA) to control access to resources based on identity. This framework was designed by the US department of defense to micro-segment network access. SDP framework provides secure access to network-based services, applications and systems. This security system maintains and controls the network system by programmable strategies driven by SDP architecture. The major advantage of using the SDP framework is its ability to hide any application layer. 

The three essential pillars on which a software-defined perimeter is built on, are:

  1. Zero Trust: It leverages micro-segmentation to apply the principle of the least privilege to the network. It completely reduces the attack surface.
  2. Identity-centric: It’s designed around the user identity, not the IP address.
  3. Built for the cloud – It is engineered to operate natively in cloud networks and delivers scalable security.

How SDP works?

The SDP is an approach to cybersecurity that alleviates network-based attacks, protecting all classification levels of legacy IT assets and cloud services. It hides the critical IT assets within an opaque black cloud that is inaccessible by anyone outside the organization. It doesn't matter whether the assets are in the cloud, on premises, in a DMZ (demilitarized zone, sometimes known as a perimeter network), on a server in a data center or even in an application server. The SDP creates an invisible screen to protect against malware, cyberattacks and other threats.

Growth Drivers of the market

Increasing application of cloud technology and necessity of programmable security planning are the major growth drivers of the software defined perimeter (SDP) market. Growing the technological advancement on cloud technology and increase in the adoption coupled with requirement of secure access to multi cloud applications programmable security and network resources are other significant drivers for the market. Furthermore, many organizations are approaching zero trust policy of “confirmation before trust” through incorporating device authentication, stately and stronger services technologies. These organizations are adopting cloud based services to their IT and networking systems to reduce the threats from cyber-attacks. Due to implementation of this technology is anticipated to drive the growth of the market in the coming years. 

Opportunities for Investors

The emergence of Internet of Things (IoT) with SDP based security system is creating plenty of growth opportunities for the SDP market. IoT is becoming more important for all size of businesses and it require security from external attacks. The SDP for IoT is dynamic and is considered as the best alternative to the network controls and traditional firewalls and is projected to increase the growth of the market in the near future time. 

Asia-Pacific to bring new opportunities

The software defined perimeter (SDP) market for Asia-Pacific is rising at a CAGR of 36.9% and is projected to reach $5,181.7 million by 2026, according to a recent research report . This growth in the market is majorly due to extensive preference of cloud based application services by the small and medium organizations. Furthermore, emerging startups across Asia-Pacific in IT and Network systems are adopting cloud based services to protect from cyber-attacks. This is estimated to increase the growth of the market in Asia-Pacific region.

Recent Trends/ Mergers and Acquisitions

Owing to its multifaceted advantages, the software-defined networking is evolving throughout years.
Recently, fast-growing initiatives such as software-defined wide-area-networking (SD-WAN) and the security-oriented Software Defined Perimeter (SDP) have been included in the framework.

Another development in the industry are: 

  • Israeli security firm Safe-T announced the Safe-T Software Defined Perimeter offering on the AWS Marketplace for users of the Amazon Web Services Inc. (AWS) cloud platform, in 2019.
  • In October 2019, Check Point Software Technologies Ltd., released “1500 series security gateways for SMBs”, that is standards of protection against the most progressive latest generation cyberattacks.

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