Software Defined Perimeter Market Set to Reach USD 56.9 Billion by 2032| Rising Demand for Secure Remote Access Solutions Drives Market Growth | Research by SNS Insider

With an increasing emphasis on cybersecurity and the need for secure remote access to cloud-based resources

Pune, Oct. 24, 2024 (GLOBE NEWSWIRE) — Software Defined Perimeter Market Size Analysis:

“The SNS Insider report indicates that the Software Defined Perimeter Market size was valued at USD 7.0 billion in 2023 and is expected to grow to USD 56.9 billion by 2032, achieving a CAGR of 26.19% over the forecast period of 2024-2032.”

Strong demand for Software Defined Perimeter is attributed to growing need for cybersecurity solutions worldwide. With organizations moving to the cloud, the need for assured access to these services has never been greater. This trend has accelerated in the age of remote work as employees need to connect into corporate networks securely from an array of different locations.

The growing reliability and sophistication of cyber threats is one of the major factors propelling the growth of the SDP market. Due to that, organizations are always under pressure to secure sensitive data which increased focus on perimeter security. Additionally, the global proliferation of regulatory frameworks and data protection laws has forced companies to implement high-end measures such as Software Defined Perimeter solutions in order to secure sensitive information.

Technological advances are also important to the expansion of the market. For example, SDP solutions are now incorporating innovative security technologies such as AI driven analytics and machine learning to give organizations a more accurate response on detecting threats. This technology can monitor user behavior and dynamically alter security in real time, and that is a true game changer for all organizations wanting to protect their digital assets. For Instance, According to study, by 2025, organizations utilizing AI and machine learning for security monitoring will reduce the time taken to detect and respond to threats by 80% compared to traditional methods.

Besides, rising digital transformation in various sectors increases the need for more flexible and scalable security solutions. Similarly, security frameworks that change at the same rate as the new threats are emerging, but allow authorized users unobstructed access have become the mainstay for organizations. This is especially true for industries like finance, healthcare and government where data protection needs are highest.

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Major Players Analysis Listed in this Report are:

Cisco Systems, Inc. – Cisco
Check Point Software Technologies Ltd. – Check Point
Palo Alto Networks, Inc. – Palo Alto Networks
Akamai Technologies, Inc. – Akamai
Zscaler, Inc. – Zscaler
Broadcom Inc. (Symantec Corporation) – Broadcom
Fortinet, Inc. – Fortinet
Juniper Networks, Inc. – Juniper Networks
IBM Corporation – IBM
Cloudflare, Inc. – Cloudflare
Google LLC (BeyondCorp) – Google
Microsoft Corporation (Azure AD Conditional Access) – Microsoft
Intel Corporation – Intel
Okta, Inc. – Okta
Forcepoint LLC – Forcepoint
Unisys Corporation – Unisys
AppGate, Inc. – AppGate
F5 Networks, Inc. – F5
Perimeter 81 – Perimeter 81
Centrify Corporation (now Delinea) – Delinea

Software Defined Perimeter Market Report Scope:

Report Attributes	Details
Market Size in 2023	USD 7.0 billion
Market Size by 2032	USD 56.9 Billion
CAGR	CAGR of 26.19% From 2024 to 2032
Base Year	2023
Forecast Period	2024-2032
Historical Data	2020-2022
Key Regional Coverage	North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Key Growth Drivers	•Increasing sophistication of cyberattacks demands advanced security measures. •The shift to remote work has heightened the need for secure access solutions. •SDP solutions offer a more economical way to manage security compared to traditional methods.

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Segmentation Analysis

By Deployment

The cloud deployment segment led the market in 2023, capturing a substantial share of revenue due to the rising demand for flexible and scalable security solutions. As companies shift to cloud-based services, the need to secure remote access to sensitive data in a perimeter-less environment has become more critical. Key growth factors include the increasing prevalence of remote work, greater cloud adoption across various sectors, and rising cyber threats aimed at cloud infrastructures. Additionally, the flexibility and cost-effectiveness of cloud-based SDP solutions make them attractive to organizations of all sizes, positioning this segment as the fastest-growing in the market, particularly driven by the demand for identity-based dynamic security controls tailored for cloud applications.

Conversely, the on-premise segment of the Software Defined Perimeter (SDP) market is projected to experience steady growth, especially in industries such as government, finance, and healthcare, where data security and compliance regulations are stringent. This growth is fueled by a heightened focus on network security and sensitive data management, as many businesses prefer to maintain their security infrastructure on-site. Organizations with legacy systems are also leaning towards on-premise SDP solutions to ensure compatibility and control over their existing IT environments. However, this segment faces challenges from the rising popularity of cloud-based solutions that offer scalability and cost advantages. Although its growth may be slower compared to the cloud segment, on-premise SDP solutions will continue to play a vital role for businesses that prioritize control and flexibility.

Software Defined Perimeter Market Segmentation:

By Deployment

Cloud
On-premise

By Organization Size

Large Enterprises
Small & Medium Enterprises

By End-Use

BFSI
IT & Telecom
Manufacturing
Government
Healthcare
Education
Others (Defense, etc.)

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Regional Landscape

North America currently dominates the Software Defined Perimeter (SDP) market and is projected to maintain this leadership in the coming years, supported by technological advancements, greater cloud adoption, and emerging trends. The growing need for secure access to cloud resources, particularly as businesses increasingly shift to cloud-based services, is driving the adoption of SDP solutions. Additionally, the expansion of the remote workforce contributes to market growth, with Forbes forecasting that over 32.6 million Americans—approximately 22% of the workforce—will be working remotely by 2025.

The Asia-Pacific region is poised for significant growth in the Software Defined Perimeter (SDP) market, driven by rapid industrialization, increasing cybersecurity awareness, and the adoption of cloud services. As businesses in countries like China, India, and Japan expand their digital infrastructure, the demand for secure, flexible access to resources becomes crucial. Additionally, government initiatives promoting digitization and smart city projects further stimulate the market. According to forecasts, the Asia-Pacific SDP market is expected to grow at the highest CAGR during the forecast period, reflecting the region’s commitment to enhancing cybersecurity measures. By 2032, the market is anticipated to see substantial investments in advanced security technologies, bolstering overall growth and improving organizational resilience against cyber threats.

Recent Developments

September 2024: Cisco announced new features for its Webex platform, enhancing collaboration capabilities with AI-driven tools to improve user experience.

August 2024: Check Point introduced new features in its Harmony Endpoint security solution, including improved threat detection capabilities powered by AI.

April 2024: Akamai reported strong financial results for Q1 2024, driven by increased demand for its cloud security services.

Table of Contents – Major Key Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6. Competitive Landscape

7. Software Defined Perimeter Market Segmentation, By Deployment

8. Software Defined Perimeter Market Segmentation, by Organization Size

9. Software Defined Perimeter Market Segmentation, by End-User

10. Regional Analysis

11. Company Profiles

12. Use Cases and Best Practices

13. Conclusion

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