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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,
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.
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.
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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,
Thus, continuous advancement and development across the industries creates ample growth for the market.
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,
Thus, deployment of the solutions in BYOD and IoT environment favors the global Software Defined Perimeter market growth during the forecast period.
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,
As a result of aforementioned factors, limited availability of qualified venders could hamper the market growth.
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.
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.
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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,
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.
North America Software Defined Perimeter (SDP) Market Size, 2022 (USD billion)
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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,
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,
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.
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.
An Infographic Representation of Software Defined Perimeter Market
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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.
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 |
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By Enterprise Type |
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By End User |
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By Region |
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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