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Software Defined Perimeter Market Trends

  • Report ID: GMI9979
  • Published Date: Jun 2024
  • Report Format: PDF

Software Defined Perimeter Market Trends

The shift toward zero trust security is a significant trend. SDP solutions are crucial in implementing zero trust principles, which assume that threats can exist both inside and outside the network. SDP vendors are constantly innovating with features such as micro-segmentation. This isolates resources further, reducing the attack surface for malicious actors. The rise of cloud adoption is driving the development of cloud-native SDP solutions. The growing trend of Bring Your Own Device (BYOD) policies has increased the demand for SDP solutions.
 

The proliferation of IoT devices has created new security challenges, driving the adoption of SDP solutions. These solutions help secure IoT environments by ensuring that only authenticated devices can access the network, thereby preventing potential breaches. There is a trend of prioritizing user experience in the SDP solutions. As companies move toward a more distributed cloud architecture, traditional & centralized SDP solutions might not be optimal. There is a shift in the current solutions, with decentralized SDP solutions emerging.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of software defined perimeter reached USD 8.1 billion in 2023 and is set to witness over 10% CAGR between 2024 and 2032, as SDP ensures that remote employees can securely access corporate resources without compromising security.

The SDP solution segment accounted for a market share of over 77% in 2023, as SDP solutions offer comprehensive security capabilities that address multiple aspects of network security.

North America market held a market share of around 32% in 2023, owing to the presence of cutting-edge security technology adoption and infrastructure.

Akamai Technologies, Cisco Systems, Inc, Fortinet, Inc, Google (BeyondCorp Enterprise), Microsoft (Azure Front Door), Symantec Corporation (NortonLifeLock), VMware, Inc. among others.

Software Defined Perimeter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 21
  • Pages: 240
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