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The software-defined perimeter (SDP) market share is expected to increase by USD 14.65 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 36.37%.
The software-defined perimeter (SDP) market has been broadly categorized into the following demographic segmentations:
The software-defined perimeter (SDP) market vendors covered in this market study include Akamai Technologies Inc., Appgate, Broadcom Inc., CERTES NETWORKS INC., Check Point Software Technologies Ltd., Cyxtera Technologies Inc., Dell Technologies Inc., DH2i Co., Fortinet Inc., Illumio Inc., Intel Corp., Ivanti Inc., Juniper Networks Inc., Okta Inc., Palo Alto Networks Inc., Perimeter 81 Ltd., Safe-T, Verizon Communications Inc., Cato Networks Ltd., and Cisco Systems Inc. among others. One of the key highlights of the software-defined perimeter (SDP) industry research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
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The increase in network attacks across the globe is notably driving the software-defined perimeter (SDP) market growth, although factors such as threat from open source SDP solutions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the software-defined perimeter (SDP) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Software-defined Perimeter (SDP) Market Driver
One of the key factors driving the global software-defined perimeter market growth is the increase in network attacks across the globe owing to the growing use IoTs and cloud computing. The rapid and widespread adoption of digitalization in defense, banking, and finance, as well as improvements in e-commerce, IT, and telecommunications, has helped in the expansion of SDP services by lowering cyber risk exposure. To reduce the implications of security breaches, businesses are implementing this programmable security architecture for limiting internal network access based on user identity and authentication. This is expected to fuel market expansion throughout the forecast period.
Key Software-defined Perimeter (SDP) Market Trend
Emergence of BYOD for professional tasks is one of the key SDP market trends that is expected to impact the industry positively in the forecast period. SMEs are increasingly shifting to BYOD, and this move has helped them in improving their productivity and efficiency significantly. As the iOS, Android, and BlackBerry platforms include different functions and security systems, implementing a system with similar functionalities and security for mobile devices becomes a necessity. SDP provides enterprises with policies that help them in limiting access to specific resources and information. This solution also provides a low cost of ownership and flexibility through its user-friendly and secure environment. This will encourage enterprises to adopt SDP, to make the BYOD networking systems more robust and secure, in the coming years.
Key Software-defined Perimeter (SDP) Market Challenge
One of the key challenges to the global software-defined perimeter (SDP) market growth is the threat from open-source SDP solutions. These solutions are cheap, fast, easy to manage, and give more flexibility compared with on-premises and cloud-based SDP solutions. Thus, enterprises, especially SMEs, that are looking for a better plan to grow their business at a low cost can opt for open-source SDP solutions.
Such factors may hamper the concerned market growth during the forecast period.
This software-defined perimeter (SDP) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global software-defined perimeter (SDP) market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the software-defined perimeter (SDP) market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the software-defined perimeter (SDP) market encompasses successful business strategies deployed by the key vendors. The software-defined perimeter (SDP) market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The software-defined perimeter (SDP) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the software-defined perimeter (SDP) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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57% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for software-defined perimeter (SDP) in North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and MEA.
The significant increase in the demand for 5G-enabled Internet of things (IoT) solutions and demand for high connectivity with low latency from industries, such as content and digital media, banking, financial services, and insurance (BFSI) will facilitate the software-defined perimeter (SDP) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The rapid spread of COVID-19 impacted the economy of the region, especially the US, in 2020. Several commercial enterprises, industries, and institutions partially shut down their operations due to the pandemic. The lockdowns in the region compelled people to work from home and contain the spread of the COVID-19. This further increased data generation, which led to a rise in investments in data centers due to the growing demand for computing and storage resources to support 5G-enabled applications in 2020. Such factors are expected to drive regional market growth in the coming years.
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The software-defined perimeter (SDP) market share growth by the on-premises segment will be significant during the forecast period. Customization and the higher data security offered (as there is no third-party interference) in the on-premises deployment model are some of the factors that will drive the growth of this segment in the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the software-defined perimeter (SDP) market size and actionable market insights on post COVID-19 impact on each segment.
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Software-defined Perimeter (SDP) Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 36.37% |
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Market growth 2022-2026 |
$ 14.65 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
35.55 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 57% |
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Key consumer countries |
US, Canada, China, Japan, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Akamai Technologies Inc., Appgate, Broadcom Inc., CERTES NETWORKS INC., Check Point Software Technologies Ltd., Cyxtera Technologies Inc., Dell Technologies Inc., DH2i Co., Fortinet Inc., Illumio Inc., Intel Corp., Ivanti Inc., Juniper Networks Inc., Okta Inc., Palo Alto Networks Inc., Perimeter 81 Ltd., Safe-T, Verizon Communications Inc., Cato Networks Ltd., and Cisco Systems Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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