Software Defined Perimeter (SDP) Market Size, Share and Global Trend By Application (Security & Authentication), By Components (Software & Services), By End Use (BFSI, IT & Telecom, Manufacturing, and others), By Deployment Type (Cloud & On-Premise) and Geography Forecast till 2023-2030

Software Defined Perimeter (SDP) can be termed as Black Cloud. A Software Defined Perimeter minimizes communal network-based attacks. It includes many features such as scanning of the server, service rejection, SQL inoculation, operational structure and application susceptibility feats, man-in-the-middle, cross-site scripting (XSS), cross-site request forgery (CSRF), pass-the-hash, pass-the-ticket, and additional attacks by illegal operators. Its primary aim is to stop web attacks against application structure.

During 2018, the average cost of a cyber-data breach rose to US$ 7.5 Mn from US$ 4.9 Mn in 2017. The year 2018 witnessed a 350% increase in ransomware attacks, a 250% increase in Spoofing or Business E-mail compromise attacks and a 70% increase in Phishing attacks in companies boosting the demand for software-defined Perimeter market for providing more safety and minimizing attacks.

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SDP solutions make security infrastructure easy to configure, manage, and control without requiring a  high level of expertise followed by the need for data loss prevention (DLP). Additionally, increased adoption of cloud-based applications, strong regulation, and compliance requirements and a shortage of skilled cybersecurity workforce are expected to boost the market of Software Defined Perimeter.

KEY PLAYERS COVERED

The key players in the Software Defined Perimeter market include VeloCloud Networks, Cisco Systems Inc., Fortinet Inc., Symantec Corporation, Palo Alto Networks Inc., Catbird Networks Inc., Intel Corporation, EMC RSA, Juniper Networks Inc., Check Point Software Technologies Ltd., Certes Networks, Inc., Inc., Vidder Inc., Cryptzone North America Inc. and TrustedPassage.

SEGMENTATION

There various opportunities for the global SDP market include the growing market for Software Defined Networking and an increased number of connected devices due to IoT and Bring Your Own Device (BYOD) trends.

REGIONAL ANALYSIS

North America is expected to hold the largest share of the global Software Defined Perimeter market during the forecast period owing to the technological advancements and early adoption of SDP in the region.  Highly focused research and development activities to develop new technology in U.S and Canada are also some factors driving the demand for the market in the region.

The market in the Asia Pacific is expected to be a potential market with high growth opportunities during the forecast period 2018-2025. The major driving forces for this growth is the adoption of cloud-based applications by a large number of small and medium enterprises in the region. The developing economies such as Middle East Africa and Latin America is anticipated to have significant growth in the software-defined perimeter market during the forecast period.

Key Industry Developments

• January 2018: Cisco and Hyundai Motor Company announced the production of a next-generation, hyper-connected Software-defined Perimeter vehicle (SPDV).


• August 2016: Check Point launched SandBlast Agent with Zero Phishing technology providing real-time protection to web browsers. This solution protected users from evolving threats by flawless incorporation of security model into the browser.