"Smart Strategies, Giving Speed to your Growth Trajectory"

Software Defined Perimeter (SDP) Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud and On-premise), By Enterprise Type (Small & Medium Enterprise and Large Enterprises), By End User (BFSI, IT & Telecom, Manufacturing, Government, Healthcare, Education, and Others) and Regional Forecast, 2023-2030

Region : Global | Format: PDF | Report ID: FBI100378

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The software defined perimeter (SDP) market size was USD 5.60 billion in 2022 and is projected to grow from USD 6.92 billion in 2023 to USD 35.55 billion in 2030 at a CAGR of 26.3% during the 2023-2030 period. North America dominated the global market with a share of 40.36% in 2022.


A software defined perimeter (SDP) is a security framework that provides secured access to internet connected equipment, including routers and servers from external users. SDP works regardless of whether assets reside in the cloud or on-premise, or whether the users are working remotely or working from on-site.


SDP protects SME’s and large enterprises network infrastructure from cyber-attacks, as it primarily authenticates the identity of user and device before giving them access to the organization’s data servers.


Furthermore, organizations are adopting cloud-based services to enhance protection by deploying security gateways over the on-premise or cloud infrastructure. The software defined perimeters secure hybrid and private clouds, thus minimizing the potential network attack surface and inhibiting port and vulnerability scanning by malicious players. Additionally, enterprises focus on adopting cloud-based technology to eliminate VPN pain points, avoiding added costs and complexities. For instance,



  • January 2023, InstaSafe, a provider of cloud-based security solution, partnered with iValue InfoSolutions, a technology services and solutions provider in South-East Asia and India. Through this partnership InstaSafe aims to expand its product offerings by utilizing iValue's network throughout India. This partnership will enable iValue's existing customers to securely access business applications and servers across on-premise and multi-cloud environments, excluding VPNs.


In our market study, we have studied voyage management software offered by market players such as Verizon, Fortinet, Inc., Appgate, Zscalar, Inc., Perimeter 81, Palo Alto Networks, NTT DATA Corporation, and others. Our report has studied and analyzed companies offering software defined perimeter.


COVID-19 IMPACT


Rapid Growth of Security Solutions across Various Industries to Boost Market Growth


The global cyber security landscape had observed rise in number of cyber-attack incidents during the pandemic. According to AAG, an IT solution provider, in 2020, malware attacks increased 358% compared to 2019, as many businesses shifted to remote working environment during pandemic and cyber criminals took advantage of misaligned networks.


The demand for SDP solutions has increased with the shift to remote work and the increased use of cloud-based applications. During the pandemic SDP has emerged as a viable solution for the organizations by creating secure connections between remote employees and their applications, regardless of where they are located. Owing to this, more organizations moved their applications and data to the cloud, due to which the SDP technology has become an essential tool for securing these cloud-based environments.


Thus, the COVID-19 pandemic positively impacted SDP solutions due to increased demand by organizations to secure these cloud-based environments.


LATEST TRENDS


Request a Free sample to learn more about this report.


Increasing Demand for SDP Solutions across the Industries to Aid Market Growth


Various cybersecurity solution providers have been increasing the deployment of technologies and tools to safeguard their environment and detect threats. Several industries are unlocking digital transformation across businesses, exposing the risk of developing and complex cyber threat landscape.


Moreover, financial services are adopting a zero-trust/SDP approach to safeguard their business against cyber threats and integrate platform-based models into digital channels by leveraging data analytics on the cloud and safety by blockchain technology.


In addition, IT and security practitioners are integrating the SDP solutions by combining secure and endpoint access platforms to gain visibility and control and address risk across endpoints, applications, and networks. For instance,



  • Thales conducted a global survey of 2,600 IT decision-makers directed by 451 research group in 2022 about working environments globally and concerns about the security risks of remote work. In this survey, 84% of IT experts globally have some assurance in their user access security systems by enabling remote work securely and efficiently, up from 56% in 2021. Software-Defined Perimeter/Zero Trust Network Access, was the highest preference, selected by 44% of respondents globally.


Thus, continuous advancement and development across the industries creates ample growth for the market.


DRIVING FACTORS


Deployment of SDP Solutions in BYOD and IoT Aids the Market Growth across the Globe


The COVID-19 pandemic dispersed workforces by mobilizing their new remote workforce and securing the network in the new environment. The remote workforce creates a rise in cyber threats. To reduce the cyber threats, enterprises are adopting SDP/Zero Trust architecture into services, data and their associated identities.


Due to adoption of remote working environment, various organizations brought the role of BYOD, allowing users to access services or data on their personal, smartphones, and other devices, which increases the risk of data breaches. BYOD devices require stringent access procedures due to security concerns. The adoption of SDP offers access to BYOD devices and secures sessions on those devices. Additionally, various organizations focus on adopting software defined perimeter solutions to ensure data theft protection for remote employees.


Moreover, many organizations IT and operation technology (OT) teams are rapidly deploying software-defined perimeter technology and other zero-trust strategies by separating IoT data from the hidden and corporate networks. For instance,



  • NetCloud Perimeter, a cloud-based substitute to Virtual Private Network (VPN), allows businesses to deploy virtual overlay networks that connect all IoT devices. It offers cloud-based security to small businesses to eliminate the hardware, difficulty, and operational expenses of traditional WANs.


Thus, deployment of the solutions in BYOD and IoT environment favors the global Software Defined Perimeter market growth during the forecast period. 


RESTRAINING FACTORS


Lack of Qualified Vendors with a Complete Solution Restrains the Market Growth


Many organizations struggle to implement complete zero-trust security solution, even though organizations have prominent focus on adoption of zero-trust strategy.


These organizations implement partial zero trust security solutions and allow them complete access to their network infrastructure and digital assets. Moreover, half of the respondents can't authenticate users and devices continuously and struggle to monitor users’ post-authentication. For instance,



  • In September 2021 Fortinet surveyed 472 cybersecurity professionals and business leaders worldwide to understand organizations' usage in their zero-trust journey. In this survey, organizations' main challenge in developing a zero-trust strategy was the lack of qualified vendors with a complete solution.


As a result of aforementioned factors, limited availability of qualified venders could hamper the market growth.


SEGMENTATION


By Deployment Analysis


Increasing Deployment of Cloud-based Solutions by Enterprises to Boost the Growth


Based on the deployment, the market is divided into cloud and on-premise.


SDP deployment over cloud is becoming more popular across the globe, as more organizations move their IT infrastructure to the cloud. It allows businesses to reduce costs, quicken deployments, share files easily and collaborate efficiently without requiring an integrated location.


Deploying over cloud involves creating a virtualized network environment that can be accessed remotely over the internet securely. Further, it helps organizations to reduce their IT infrastructure cost. Thus, cloud-based solution is anticipated to grow at a highest CAGR during the forecast period.


By Enterprise Type Analysis


Increasing Adoption of SDP Solutions by Large Enterprise to Lead to Market Dominance


Based on enterprise size, the marketplace is divided into small and medium enterprises (SMEs) and large enterprises.


Large enterprises capture larger market share, as they are early adopter of these solution, due to the complex and distributed nature of their IT infrastructure. It provides a secure and isolated network environment to protect digital assets from cyber threats.


The adoption of these solution by small and medium size enterprises (SMEs) is gradually increasing, as these organizations are now starting to recognize the benefits of SDP, such as improved security, reduced complexity, and increased agility.


Thus, SMEs are anticipated to grow at a significant CAGR during the forecast period.


By End User Analysis


To know how our report can help streamline your business, Speak to Analyst


Rising Deployment of SDP Solutions across IT and Telecom Industry to Boost the Market Growth


Based on end user, the market is segmented into BFSI, IT and telecommunications, retail, government, manufacturing, travel and transportation, healthcare, energy and utilities, and others.


Among end user, IT and telecom is expected to hold prominent share of this market by 2030. In the IT industry, many organizations are adopting SDP as a replacement for traditional VPNs (Virtual Private Networks) and other remote access control. For instance,



  • In December 2022, InstaSafe, collaborated with ZNet Technologies, a provider of cloud services, IT infrastructure, and cybersecurity solutions, expanding their product base by leveraging ZNet's partner network across the Indian market. This collaboration will address InstaSafe's software defined perimeter based zero trust security solutions, cloud security, identity management, and remote access globally.


Adoption of SDP technology in government agencies is growing, as protection of sensitive data is a top priority for governments around the world. It provides a more secure way to authenticate users and devices and to protect sensitive data. Thus, it is expected to grow at a highest CAGR during the forecast period.


Further, adoption of these solution in healthcare sector is expected to grow at a noteworthy rate during the forecast period.


REGIONAL INSIGHTS


North America Software Defined Perimeter (SDP) Market Size, 2022 (USD billion)

To get more information on the regional analysis of this market, Request a Free sample


Geographically, the market is categorized into five key regions: North America, South America, Europe, the Middle East & Africa, and Asia Pacific.


North America to hold highest software defined perimeter market share and is expected to continue its dominance due to growing adoption of cloud technology and remote work which has increased the demand of software defined perimeter across region. In addition, presence of major solution providers is driving the market growth in North America. Furthermore, major software defined perimeter solution providers and high investments made in cybersecurity research and development also contribute to the growth of the market in the region.


Asia Pacific is expected to grow at a highest CAGR during the forecast period. Various industrial sectors in countries such as China, Japan, India, Oceania, South Korea, South East Asian, and others, are increasing their investment to adopt software defined perimeter in their businesses. The organizations in the region are majorly adopting these solution, owing to its improved security, reduced complexity, and increased agility. For instance,



  • In September 2022, Wipro Limited expanded its collaboration with Palo Alto Networks to provide network transformation and managed security solutions including Security Operations Center (SOC) and Secure Access Service Edge (SASE) solutions based on zero trust principles for enterprises across the globe.


Europe is expected to cover significant share for the market due to increase in the adoption of cloud services, surge in data generation in banking and financial services, government, manufacturing, and other sectors create massive demand for these solution to provide security for their digital assets. For instance,



  • According to European administrations, around 70% of the organizations across Europe are transferring their workloads to the cloud. This is mainly credited to optimizing cost due to cloud usage, and around 50% of organizations have installed cloud-first approach to increase business productivity.


Additionally, South America market to show the moderate growth for software defined perimeter due increasing adoption of advanced digital technologies by organizations. Also, there is increasing interest and awareness of SDP as a potential solution to address the growing cyber threats in the region.


Middle East Africa is in emerging phase due to growing adoption of SDP solution by end users including banking and financial institutions, manufacturing, IT & telecom, and other industries. Various key players in the market are focusing on adoption of advanced technology in software defined perimeter to cater End Users such as corporate, government and others.


KEY INDUSTRY PLAYERS:


Market leaders Focus on expanding their Product Offerings to Gain Competitive Edge


Key players in the global market such as Verizon, Fortinet, Inc., Appgate, Zscalar, Inc., Perimeter 81, Palo Alto Networks, NTT DATA Corporation, and others are focused on expanding their geographic boundaries by launching industry-specific solutions to get innovations, and new product launches to attract a large customer base, thereby increasing sales. Innovations and new product launches attract a vast customer base, thus improving revenue for SDP.


List of the Key Companies Profiled:



KEY INDUSTRY DEVELOPMENTS:



  • March 2023: Tech Mahindra, a provider of digital transformation, consulting and business re-engineering services and solutions, partnered with Cisco Business Unit (BU) to develop and implement a range of services to maintain secure, agile, collaborative, and hybrid networks. The Cisco solutions new BU will provide secure access service edge (SASE), software-defined wide area network (SD-WAN) and managed Wi-Fi networks for organizations and hyper network automation.

  • February 2023: NTT and Dimension Data, a parent company, integrated Palo Alto Networks Prisma SASE into its Managed Campus Networks portfolio, offering comprehensive managed secure access service edge solutions containing cloud-delivered security, SD-WAN and enhanced automation and reporting.

  • January 2023: Perimeter 81 introduced malware protection to support its security offering and enhanced customer protection from internet-borne risks. The malware protection employs a combination of continually simplified advanced machine learning-based and signature-based detection capabilities for recognizing and blocking complex and zero-day attacks.

  • December 2022: Cisco expanded its secure access service edge (SASE) environment by integrating with security service edge (SSE) providers Netskope and Cloudflare. The integration of SSE solutions streamlines SASE architecture for organization and improves the IT experience with reduced manual effort and fewer errors.

  • November 2022: Zscaler, Inc. announced the deployment of Zscaler Private Access (ZPA) through the FedRAMP program at high and moderate levels authorized through the U.S. Federal government. The use of Zscaler’s Zero Trust platform allows government agencies and contractors to manage sensitive information and protect against cyber threats.

  • November 2022: Verizon Business announced a partnership with Wipro Limited, a technology services and consulting company, by integrating Wipro’s Network-as-a-Service (NaaS) solution with Verizon Business to accelerate the cloud transformation and network modernization for businesses. The partnership enables Wipro to change customers from legacy deployment cycles of hardware, services and applications to an automated and highly secure network service environment.


REPORT COVERAGE


An Infographic Representation of Software Defined Perimeter Market

To get information on various segments, share your queries with us



The market research report highlights leading regions across the world to offer a better understanding to the user. Furthermore, the report provides insights into the latest industry growth trends and analyzes technologies that are being deployed at a rapid pace at the global level. It further offers some drivers and restraints, helping the reader gain in-depth knowledge about the market.


REPORT SCOPE & SEGMENTATION


























































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 26.3% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



Deployment; Enterprise Type; End User; and Region



By Deployment




  • Cloud

  • On-premise



By Enterprise Type




  • Small and Medium Enterprises (SMEs)

  • Large Enterprises



By End User




  • BFSI

  • IT & Telecom

  • Manufacturing

  • Government

  • Healthcare

  • Education

  • Others (Defense, etc.)



By Region




  • North America (By Deployment; By Enterprise Type; By End User and By Country)

    • U.S.

    • Canada

    • Mexico



  • South America (By Deployment; By Enterprise Type; By End User and By Country)

    • Brazil

    • Argentina

    • Rest of South America



  • Europe (By Deployment; By Enterprise Type; By End User and By Country)  

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Benelux

    • Nordics

    • Rest of Europe



  • The Middle East & Africa (By Deployment; By Enterprise Type; By End User and By Country)

    • Turkey

    • Israel

    • GCC

    • North Africa

    • South Africa

    • Rest of the Middle East & Africa





  • Asia Pacific (By Deployment; By Enterprise Type; By End User and By Country)  


    • China

    • India

    • Japan

    • South Korea

    • ASEAN

    • Oceania China

    • Rest of Asia Pacific




Frequently Asked Questions

According to Fortune Business Insights, the global size market is projected to reach USD 35.55 billion by 2030.

In 2022, the market value stood at USD 5.60 billion.

The market is projected to grow at a CAGR of 26.3% during the forecast period.

Based on enterprise type, the large enterprise is expected to be the leading segment in the market.

The deployment of SDP solutions in BYOD and IoT across the globe is the key factor driving market growth.

Verizon, Fortinet, Inc., Appgate, Zscalar, Inc., Perimeter 81, Palo Alto Networks, NTT DATA Corporation, and others are the top players in the market.

North America is expected to hold the highest market share.

Asia Pacific is expected to grow at the highest CAGR during the forecast period

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • May, 2023
  • 2022
  • 2019-2021
  • 118

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X