The global software defined perimeter market size is expected to reach USD 10.25 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 18.4% during the forecast period. Evolution of IoT and developments in Bring Your Own Device (BYOD), are anticipated to boost the growth. Increasing adoption of cloud technology by small and medium enterprises is expected to boost the overall software defined perimeter (SDP) market. Increasing exposure to cloud migration has made it difficult for the enterprises to efficiently secure the perimeter.
Traditional
VPN access is liberal and grants remote workers with the access to the network
which are further not required to complete the tasks. This results in the
access to the resources and are unreasonably visible, vulnerable, and can be
attacked easily. Organizations require surplus user connection and deployment through
many cloud instances. VPN or the firewall costs increases instantly with the
need for these surplus authorizations. VPN also offers flexibility and hence,
can be used to connect Virtual Private Clouds (VPCs), datacenters, and multiple
networks. However, these connection costs high and are resource-intensive. SDP
reduces the costs incurred and hence drives demand for data security in the
infrastructure.
Many
organizations such as banks and other finance services, healthcare, and telecom
provider face difficulty in meeting the security requirements in virtualized
cloud environments. Financial institutions have a requisite of data center with
several physical controls. This makes it difficult for financial institutions
to utilize public cloud services. SDP simplifies these difficulties and helps
in utilizing the public cloud services when required.
Full Research Report On Software Defined Perimeter Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/software-defined-perimeter-sdp-market
Further key
findings from the report suggest:
- Telecom and
IT is projected to emerge as the fastest growing segment over the forecast
period
- Large
enterprises emerged as the largest segment in 2017 and is estimated to
generate revenue over USD 7.02 billion by 2025
- North America
held the largest share in the SDP market in 2017, owing to adoption of
cloud technology and stringent regulations on data
- Key players
operating in the SDP market include Cisco Systems Inc.; Juniper Networks;
Intel Corporation; Fortinet Inc.; Symantec Corporation; Certes Networks;
EMC RSA; among others
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Grand View Research has
segmented the software defined perimeter market on the basis of enforcement
point, deployment, organization, application, and region:
Software Defined
Perimeter Enforcement Point Outlook (Revenue, USD Million, 2015 - 2025)
- Gateway
- Controller
- End-Point
Software Defined
Perimeter Deployment Outlook (Revenue, USD Million, 2015 - 2025)
- On-Premise
- Cloud
Software Defined
Perimeter Organization Outlook (Revenue, USD Million, 2015 - 2025)
- Small and Medium Enterprises
- Large Enterprises
Software Defined
Perimeter Application Outlook (Revenue, USD Million, 2015 - 2025)
- Defense
- Telecom & IT
- BFSI
- eCommerce & Retail
- Healthcare
- Government
- Others
Software Defined
Perimeter Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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