Press release
Software Defined Perimeter (SDP) Market: Evolving Technology, Trends and Industry Analysis
Some of the top players in the software defined perimeter market include Checkpoint Software Technologies Inc., Cisco Systems Inc., Symantec Corporation, and Intel Corporation among others.
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Transparency Market Research estimates the global software defined perimeter market to develop at an outstanding 30.9% CAGR between 2017 and 2025 for the market’s valuation to increase from US$1, 129.5 mn in 2016 to US$12,247.9 mn by 2025.
In 2016, BFSI held the leading share of almost 24.8% amongst other end-use segments in the software defined perimeter market. In terms of geography, while North America dominates the global software defined perimeter market; however, Asia Pacific is expected to display a higher growth rate over other regional segments during the forecast period.
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The growth of the global market for software defined perimeter is driven by the increasing need for security system for protecting dispersed enterprise applications, for growing cloud based services, and for growing digitalization. This is mainly due to rising adoption of deployment based applications that demand upgrading to an equally advanced network infrastructure in order to leverage the full potential of these applications.
Some other factors such as economic development, rapid urbanization, and employment rate along with rapid industrialization are also driving the global software defined perimeter market. Vendors in the software defined perimeter space have significant growth opportunities in regions such as Asia Pacific, Latin America, and the Middle East and Africa attributed to their significantly rising industrial economy.
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Nevertheless, growing market for software-defined networking (sdn) and growing number of connected devices due to bring-your-own-device (BYOD) and IoT trends will extend lucrative opportunities to the growth of this market.
The review presented is based on the findings of Transparency Market Research report, titled “Software Defined Perimeter (SDP) Market (Application - Security and Authentication; Component - Software and Services (Consulting, System Integration and Operation & Maintenance); End-use - BFSI, IT & Telecom, Manufacturing, Defense, Healthcare, Government, Education; Deployment Type - Cloud(Public, Private and Hybrid) and On-premise) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.”
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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