According to a research report “Software Defined Perimeter Market by Component (Solutions and Services), Connectivity, Deployment Mode, Organization Size, User Type (Government & Defense, IT & Telecom, and Retail & eCommerce), and Region – Global Forecast to 2024″, published by MarketsandMarkets, the global SDP market size is expected to grow from USD 2.9 billion in 2019 to USD 13.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 36.5% during the forecast period.
Major factors fueling the market growth include the rising need for policy-based security architecture to reduce network complexities, increasing adoption of cloud-based applications, and growing need for regulations and compliance to enhance network security.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141863014
Browse 105 market data Tables and 39 Figures spread through 174 Pages and in-depth TOC on “Software Defined Perimeter Market – Global Forecast to 2024”
The end point connectivity segment to hold the largest market size during the forecast period
The SDP market by connectivity is segmented into controller, gateways, and end point. The end point segment is expected to have largest market size during the forecast period, as it provides proof of device authenticity by integrating the device and user authentication and mitigatescredential theft, brute force password guessing, and other threats. The growth in the connectivity market is associated with the rise in the number of security breaches targeting business networks and applications, where hackers try to gain access to sensitive data. As vulnerabilities have become more complex and sophisticated, the demand for SDP products is expected to increase, to cater to the growing challenges posed by these threats.
By service, the consulting and implementation segment to grow at a higher CAGR during the forecast period
The SDP market by service is segmented into consulting and implementation services; and training, support, and maintenance services. The growing need to upgrade and enhance existing SDP solutions and make the deployed solution more robust with the emerging nature of cyberattacks to pave the way for consulting and implementation services in the market. Consulting and implementation services help companies choose the most suitable SDP solution, depending on their business-specific requirements and user type.
North America to hold the largest market size during the forecast period
North America is dominating the SDP market, as the region is considered to be the most advanced region with regards to cutting edge security technology adoption and infrastructure. Governments in this region are taking initiatives to build a secure Information Technology (IT) environment and protect the sensitive data. In addition, the region is highly regulated in terms of compliance management. As data centers become increasingly software-driven, businesses need flexible and agile security solutions.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=141863014
Major vendors in the global SDP market includes Check Point (Israel), Cisco (US), Akamai (US), Palo Alto Networks (US), Symantec (US), Okta (US), Proofpoint (US), Verizon (US), Fortinet (US), Intel (US), Perimeter 81 (Israel), Safe-T (Israel), Pulse Secure (US), CloudPassage (US), Illumio (US), DH2i (US), Certes Networks (US), TrustedPassage (US), Cato Networks (US), and AppGate (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
