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(IT-NEWSWIRE.COM, August 05, 2019 ) According to research report "Software-Defined Perimeter Market by Enforcement Point (Controller, Gateway, and End Point), Component (Solution and Service), Deployment Mode (Cloud and on-Premises), Organization Size, End User, and Region - Global Forecast to 2021", The Software-Defined Perimeter (SDP) market is estimated to grow from USD 992.8 Million in 2016 to USD 4,396.1 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 34.7%.
Browse and in-depth TOC on “Software-Defined Perimeter (SDP) Market”
94 - Tables
46 - Figures
159 - Pages
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The major forces driving the SDP market are need for security mechanisms that can protect dispersed enterprise applications. The SDP solutions make security infrastructure easy to configure, manage, and control through policy-driven, scalable, and programmable security architecture without requiring high level of expertise, which increases the demand for SDP solutions.
Cloud service providers to have the largest market size in 2016 and highest growth rate from 2016 to 2021
The cloud-based services are becoming increasingly popular day by day due to their various features such as cost effectiveness and centralized nature. Security of the customers’ cloud-based applications is the prime objective of the cloud service providers, as it is one of the key factors to build trust among the customers. Cloud service providers require complex networks to deliver business applications and other content at high transfer rates and detect & avoid bottlenecks in networks.
Control automation and orchestration solution to grow at the highest CAGR from 2016 to 2021
In the solutions segment, control automation and orchestration solution is expected to witness the highest CAGR in the global SDP market during 2016–2021. The solution enables organizations to minimize human intervention in the security functionalities and enable improved synchronization between security policies and enterprises’ dynamic computing environment.
North America is expected to dominate the security testing market in 2016
North America is expected to hold the largest share of the SDP market in 2016 due to the technological advancements and early adoption of SDP in the region. The market in APAC is expected to be a potential market with high growth opportunities between 2016 and 2021. The major driving forces for this growth is the presence of a large number of small and medium enterprises that mostly prefer cloud-based applications.
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The report also encompasses different strategies, new product launches, partnerships, mergers & acquisitions, and business expansions, adopted by major players to increase their market share. Some of the leading technology vendors include Check Point Software Technologies Ltd. (Tel Aviv, Israel), Cisco Systems, Inc. (California, U.S.), Intel Corporation (California, U.S.), Symantec Corporation (California, U.S.), EMC RSA (Massachusetts, U.S.), Fortinet, Inc. (California, U.S.), Juniper Networks, Inc. (California, U.S.), Palo Alto Networks (California, U.S.), Certes Networks, Inc. (Pennsylvania, U.S.), and Catbird, Inc. (California, U.S.). Vidder, Inc. (California, U.S.), Cryptzone North America Inc. (Massachusetts, U.S.), TrustedPassage (California, U.S.), and VeloCloud Networks, Inc. (California, U.S.) are identified as key innovators in the SDP market.
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