Software Defined Perimeter Market by Connectivity (Controller, Gateway, and End point), Development Mode (On-premises and Cloud), Deployment Mode (On-Premises and Cloud), Organization Size (Large Enterprises and Small and Medium Enterprises), User Type (Government and Defense, Banking, IT and Telecom, Banking, Financial Services, and Insurance, Manufacturing, Healthcare, Retail and Ecommerce, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast,2022-2031

Global Software Defined Perimeter Market Analysis

The Global Software Defined Perimeter Market Size was $5,308.1 million in 2021 and is predicted to grow with a CAGR of 39.3% by generating a revenue of $1,43,049.2 million by 2031.

Global Software Defined Perimeter Market Synopsis

The Software-Defined Perimeter (SDP) solutions offer the capability to deploy network security perimeter functionality where it is required to isolate services and applications deployed and accessed on unauthorized networks. These solutions are built to offer an on-demand and trusted overlay network isolated to mitigate network-based threats. When using SDP, assets are hidden from unauthorized parties, trust is built before connections are allowed, and the system is controlled by distinct control and data planes. It allows IT administrators to create boundaries around the network. They can be used in a variety of contexts, including the internet, hosting centers, the cloud, and private company networks. A Software defined perimeter is a means of protecting internet-connected equipment, such as routers and servers, from external users. It can be used to safeguard infrastructure, whether it is hosted in the cloud or on-premises. It is based on the use of software, rather than hardware, to secure an environment.  Software defined perimeter functions are wider, and its installation method is simpler. One of the guiding concepts of software defined perimeters is that users cannot acquire access unless they are verified. This distinguishes it from access-based control configurations, which may enable a user to enter the network but restrict their rights until they validate their identity. The growing demand for security architecture and the increasing use of cloud-based systems are key factors propelling the software defined perimeter market growth. Future applications of this system could include military security and other diverse uses.          

However, the major disadvantage of software defined perimeter is the fact that software defined perimeters are not the same as standard network security protocols. Adopting a software defined perimeter solution may cause network and infrastructure disruptions in large organizations due to the necessity of upgrading all devices and apps.  

The software defined perimeter provides safety and other crucial benefits such as cost-effectiveness. It helps to lessen the complexities that occur while managing the systems. Owing to all these factors, the demand for software defined perimeter solutions is expected to augment in small and medium scale enterprises. This, in turn, is expected to offer excellent opportunities to market players during the forecast period.

According to regional analysis, the North America software defined perimeter market accounted for the largest market share in 2021. This is because the use of software defined perimeter security systems is rapidly increasing as a result of technological advancement and large-scale implementation of software defined perimeter security systems by several organizations in this region.

Software Defined Perimeter Overview

Software defined perimeter is the network security framework that safeguards cloud-based data and applications, permitting enterprises to limit network access and provide customized, managed, and protected access to networked systems. An SDP implementation hides assets and employs a single packet to set trust via a separate control and data plane before permitting connections to hidden assets.

COVID-19 Impact on Global Software Defined Perimeter Market

The COVID-19 pandemic created several uncertainties, resulting in significant economic losses as various businesses around the world came to a halt. Due to social distancing norms and statewide lockdowns, the COVID-19 pandemic has inevitably increased the usage of digital technologies. Globally, individuals and organizations have had to adapt to new ways of living and working. Lockdowns have increased the use of networks and information systems, as well as significant changes in usage habits and behaviors. Workers are adjusting to the new normal when meetings move entirely online, office work is done from home, and new work patterns emerge. Most organizations, whether in industry, society, or government, have experienced these shifts. As a result of the ongoing COVID-19 pandemic, several large to small-scale establishments around the world, particularly in the IT and digital marketing sectors, have shifted their operations to digital platforms and the cloud, which is expected to increase demand for software defined perimeter solutions in the coming years. While some IT businesses have stated that remote working will continue to be the standard during 2020 and the first quarter of 2021, the adoption of software defined perimeter solutions is expected to gain significant pace. With the pandemic, there has been a significant shift toward remote work, which has fueled interest in the software defined perimeter.

Growing Applications of Software Defined Perimeter in Cybersecurity to Drive the Market Growth

Technological developments are projected to have a significant influence on the overall development and uptake of software defined perimeter solutions. Over the past ten years, the software defined perimeter has become more popular as a means of defending against a variety of server vulnerabilities and network-based cyber threats. Players in the market for software defined perimeters are increasingly working to make their software defined perimeter solutions more effective at preventing security breaches. In addition, a software defined perimeter is becoming more popular since it works with a variety of gadgets, including laptops, desktop computers, cell phones, and other gadgets linked to the Internet of Things (IoT). Additionally, a software defined boundary greatly decreases the network attack surface.  

To know more about global software defined perimeter market drivers, get in touch with our analysts here.

Lack of Awareness about Software Defined Perimeter Security is a Significant Restraint for the Growth of Software Defined Perimeter Market

The perimeter security market's growth is being hindered by a lack of understanding of security threats and the possible losses that could result. With little awareness of perimeter security, system integrators, and security experts attempt to integrate existing IT systems with sophisticated perimeter security, which could harm existing IT systems running on vital infrastructure. The key concern enterprises have right now is a lack of technical knowledge and security configuration, which makes it difficult for them to satisfy their changing perimeter security requirements. Many businesses employ security experts who are unable to understand the complex nature of perimeter security systems, which is anticipated to hamper the software defined perimeter market growth.

Development of Internet of Things is Expected to offer Ample Growth Opportunities

Software defined perimeter solutions simplify the configuration, management, and control of security infrastructure without needing a high level of protection. Furthermore, the rising adoption of cloud-based apps, strict legislation, and a highly qualified cybersecurity workforce is projected to drive the software defined perimeter market. This next-generation technology-integrated system has not only increased efficiency but further compelled manufacturers to develop new advanced software perimeter security systems. The software defined perimeter for IoT is dynamic, it is the best alternative to network controls and traditional firewalls, and it is projected to increase the growth of the market in the near future.

To know more about global software defined perimeter  market opportunities, get in touch with our analysts here.

Global Software defined Perimeter Market, by Connectivity

Based on connectivity, the market has been divided into controller, gateway, and end point. Among these, the gateway sub-segment accounted for the highest market share in 2021 whereas the end point sub-segment is estimated to show the fastest growth during the forecast period.

Global Software Defined Perimeter Market Size, by Connectivity, 2021

Source: Research Dive Analysis

The gateway sub-type accounted for the highest market share in 2021. A gateway is a software defined perimeter network node that connects two networks that employ separate transmission protocols. The primary advantage of using a gateway in software-defined perimeter contexts is that it consolidates internet connectivity into a single device via a remote network. The gateway is installed at the network's edge and manages all data directed internally or outside of that network. Furthermore, gateways store information on the internal paths of the host network as well as the paths of any new networks found.

The end point sub-type is anticipated to show the fastest growth during the forecast period. Endpoints network are devices that people access remotely. It exchanges data with a network to which they are linked. It can take the form of desktop computers, laptop computers, tablets, cellphones, servers, and Internet of Things (IoT) devices. These machines serve as unprotected access points for cybercriminals. It is where hackers may execute code, exploit flaws, encrypt, and penetrate digital assets.

Global Software Defined Perimeter Market, by Deployment Mode

Based on deployment mode, the market has been divided into on-premises and cloud. Among these, the cloud sub-segment is expected to show a fastest CAGR during the forecast period.

Global Software Defined Perimeter Market Share, by Deployment Mode, 2021

Source: Research Dive Analysis

The cloud sub-segment is expected to show the fastest CAGR during the forecast period. Cloud computing enhances software defined perimeter outcomes by increasing productivity and cooperation. Employees, students, and contractors can access files at any time, from any location, and on any device. Cloud computing has been a major reason behind software-based workforce's untethered nature. It enables people to work, communicate, and cooperate virtually from anywhere, removing the need for recruiting and/or working locally. These factors are anticipated to boost the growth of the cloud sub-segment during the analysis timeframe.

Global Software Defined Perimeter Market, by Organization Size

Based on organization size, the market has been divided into large enterprise and small and medium enterprise. Among these, the large enterprise sub-segment accounted for the highest revenue share in 2021.

Global Software defined Perimeter Market Growth, by Organization Size, 2021

The Large Enterprise sub-segment accounted for the highest market share in 2021. Software defined perimeter requires multiple forms of authentication from users to establish whether they are safe to access the network. Large organizations can identify an unauthorized person even if the individual has authorized user credentials due to this twofold authentication. These firms have huge amounts of data, including financial, legal, and company data. This must be securely saved and utilized only by authorized personnel. software defined perimeter continuously observes the behavioral changes that occur in the environment when users accomplish various confidential tasks.

Global Software Defined Perimeter Market, by User Type

Based on user type, the market has been divided into government and defense, IT and telecom, banking, financial services and insurance, manufacturing, healthcare, retail and ecommerce, and others. Among these, the government and defense sub-segment accounted for the highest revenue share in 2021.

Global Software defined Perimeter Market Trends, by User Type, 2021

The government and defense sub-segment accounted for largest market share in 2021. This increase can be ascribed to the widespread use of software defined perimeter security systems in the government and defense sectors for weapon protection using surveillance, reconnaissance, and intelligence information. These systems necessitate the most dependable and advanced security system, which is projected to increase demand for software defined perimeter security solutions to secure government and defense sector data. The IT and telecommunications industries are expected to expand significantly.

Global Software Defined Perimeter Market, Regional Insights

The software defined perimeter market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Software Defined Perimeter Market Size & Forecast, by Region, 2021-2031 (USD Million)

Source: Research Dive Analysis

The Market for Software defined perimeter in North America to be the Most Dominant

The North America software defined perimeter accounted for the largest market share in 2021. The use of technological advancements and the region's early adoption of software defined perimeter drive demand for software-defined perimeters in North America. Governments in this region are implementing initiatives to establish a secure IT environment and safeguard critical data. Furthermore, compliance management is properly enforced in the region. Businesses need flexible and agile security solutions as data centers become more software driven. One of the factors driving demand for the market in the region is the fact that North America is highly dedicated to the research and development technology area, particularly in Canada and the U.S.

Competitive Scenario in the Global Software Defined Perimeter Market

Product development and joint ventures are common strategies followed by major market players. For instance, in December 2019, Palo Alto Networks bought Aporeto, a company that uses identity-based micro segmentation to reduce the possibility of lateral attacks.

Source: Research Dive Analysis

Some of the leading software defined perimeter market players are 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.