Software Defined Perimeter (SDP) Market Insight:
Software defined perimeter (SDP) allows organizations to restrict network access and provide customized, simple and secure access to networked systems. Connectivity of SDP is based on the need-to-know-model, meaning each device and identity must be verified before being granted access to the network. SDP solutions allows the organizations to deploy gateways on premise or over the cloud, securing employees’ remote access to cloud and on-premises applications, while keeping data secure within the organizational network. Benefits of SDP solutions include replacing labour intensive and inconvenient virtual private network (VPN), firewalls and network control access (NAC) with secure software defined perimeter, ensuring compliance through secure and policy-based access, and granting on-premise and remote network access.
Top of FormImpact of COVID-19 on Software Defined Perimeter (SDP) Market:
- Due to COVID-19 and expanded telework, the working environment have shifted rapidly to remote users relying more heavily on BYOD smartphones, laptops, and other potentially risky or compromised personal and even corporate-issued devices to access the network.
- According to a research, before the COVID19 crisis, 13% of the employees worked fully remote. Now, 65% of businesses have implemented remote work from home policies with more on the way. Additionally, 38% of businesses think those policies will be long-term or permanent.
- Organizations are facing issues with employees working remotely because they create bandwidth, scale and licensing issues on hardware-based VPN termination appliances and this will have negative impact.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Software defined perimeter requires end users to delivernumerousverificationsstage to confirm whether the users are protected to enter the network or not. These multiple authentications step allow organizations to trail the data and recognize any security breach to avoid it therefore the request for defined perimeter software is growing. Growingprocedureof cloud-based applications in the administrations is boosting the growth of software defined perimeter market. Growing necessity for guidelines and agreements to improve the working of network safety is another factor to boost the software defined perimeter market. However, lack of consciousness concerning security in a digitalization technology is a major restraint to the software defined perimeter market growth. Contrarily, increasing mandate for high speed internet connectivity, broadband, & smartphone penetration and rising customer demand for opening services over cloud technology anyplace and anytime to improve enterprise necessity for agility is an opportunistic factor for the SDP market.Growing number of linked devices due to IoT technology and bring your own device trends in the business is expected to boost the software defined perimeter market in the forecasted year.
Data security concern in organizations
Software defined perimeter needs end users to deliver multiple authentications stage to settle whether the workers are protected to arrive the network or not. These multiple authentications step allowadministrations to track the data and recognize any safety breach to stop it therefore the demand for defined perimeter software is growing. Organizations hold enormous data on the accounts,finance, company data and others. This requirements to be steadily stored as well as securely utilized by the legal users. The users perform numerousprivate tasks and SDP continuously monitors changes on cloud application.
Rise of IoT technology and bring your own device trends
Increasing demand for high speed internet connectivity, broadband, & smartphone dispersion and growing customer demand for accessing services over cloud technology anyplace and anytime to improve enterprise essential for agility is an opportunistic factor for the SDP market. Thus, with the upsurge in the number of peoplesconsuming the internet and ongoing innovation & developments in the IT market is expected to boost the demand for the global software defined perimeter market. Bring your own device trends is permittingemployee to access over cloud data from their own device through step authentication.
Key benefits of the report:
- This study presents the analytical depiction of the global software defined perimeter industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global software defined perimetermarket share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global software defined perimeter market analysis based on competitive intensity and how the competition will take shape in coming years.
Software Defined Perimeter (SDP) Market Report Highlights
| Aspects | Details |
 By Component |
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 By Connectivity |
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 By Deployment Mode |
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 By Enterprise Size |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | Fortinet, Inc., Okta, Intel Corporation, Check Point Software Technologies Ltd, NortonLifeLock Inc., Akamai Technologies, Cato Networks, Verizon, Cisco Systems, Inc, Palo Alto Networks |
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