The global software-defined perimeter market (SDP) is expected to see striking growth during the forecast period due to the growing implementation of cloud technology and the need for programmable security planning worldwide. Based on organization size, the sub-segment for large companies is expected to be most productive. The North American region is expected to dominate the market during the analysis period.
New York, USA, December 21, 2021 (GLOBE NEWSWIRE) – According to a report published by Research Dive, Global Software Defined Perimeter Market (SDP). expected to win $ 23,132.8 million in revenue and increase to a CAGR of 35.8% throughout the estimated time frame.
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According to our analysts, with the increasing implementation of cloud technology and the increasing need for programmable security planning, the market is expected to experience remarkable growth over the time frame of the analysis. In addition, the increasing use of cloud-based services in IT and network systems to minimize the risks of cyber attacks is expected to boost the growth of the software-defined perimeter market (SDP) during the forecast period. Furthermore, the increasing development of the Internet of Things (IoT) together with SDP-based security systems is expected to create enormous growth opportunities for the market. However, the lack of awareness of SDP security may hamper the growth of the market throughout the analysis period.
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Segments of the Software Defined Perimeter (SDP) market
The report has divided the software-defined perimeter market (SDP) into different segments, namely connection, development status, organization size, user type and region.
Connection: Gateway Connectivity Sub-Segment must be most productive
The Gateway Connection sub-segment is expected to generate revenue of $ 9,114.3 million during the forecast period. This is primarily due to the provision of optimal communication security. Furthermore, the effective approach to verifying the identity of the requesting entity and authorizing users to strengthen the growth of the software defined perimeter (SDP) market sub-segment is expected during the estimated time frame.
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Development Mode: Cloud Sub-Segment to be most beneficial
The cloud sub-segment is expected to generate revenue of $ 11.658.9 million over the estimated time frame. This is largely due to the widespread use of cloud systems in all types of organizations due to the fact that a large number of employees are dependent on sharing data between them. In addition, the increasing use of cloud-based security over on-premises security to utilize high-quality security is expected to increase the growth of the software-defined perimeter (SDP) market sub-segment over the expected time frame.
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Organization size: The large segment of large companies must be the most profitable
The large business sub-segment is expected to generate revenue of $ 12,885.0 million over the time frame of the analysis. In order to maintain huge data along with business information, advanced systems are needed to secure the information in large companies, this factor is expected to amplify the growth of the software defined perimeter (SDP) market sub-segment in the forecast period.
User type: Government and defense sub-segment must be most profitable
The government and the defense sub-segment are expected to experience stable growth throughout the time frame of the analysis. This is mainly due to the massive use of SDP security systems in the government and defense sector to protect weapons with surveillance and intelligence information. In addition, the increasing use of improved security systems in this sector is expected to further drive the growth of the software-defined perimeter (SDP) market sub-segment during the forecast period.
Region: North America Region to keep the maximum market share
The North American region is expected to generate revenue of $ 8,327.8 million during the time frame of the analysis. This is primarily due to the continuous technological advances in this region. In addition, the growing use of the SDP security systems by various companies in this region is expected to increase the regional growth in the market during the forecast period.
Key players in the Software Defined Perimeter (SDP) market
2. Catbird Networks, Inc.
3. RSA Security LLC.
4. Intel Corporation
5. Check Point Software Technologies Ltd.
6. CERTES NETWORK
7. Cisco Systems, Inc.
8. Palo Alto Networks, Inc.
9. Juniper Networks, Inc.
For example, in November 2019, Sonicwall, a leading private company in Silicon Valley, announced its partnership with Perimeter81, a renowned Israeli cloud and network security company. With this partnership, companies aim to develop common solutions to deliver modern cyber security.
In addition, the report also presents other crucial aspects such as SWOT analysis, the key players’ financial results, product portfolio and the latest strategic developments. Click here for an overview report on the absolute best companies’ development strategies.
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