Software-Defined Perimeter Market Will Reach $4.4M by 2021- Report

A market research report published by MarketsandMarkets, shows 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%.

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.

Some of the Prominent Key Players in the Software-Defined Perimeter (SDP) Market are:

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.); Catbird, Inc. (California, U.S.); Vidder, Inc. (California, U.S.); Cryptzone North America Inc. (Massachusetts, U.S.); TrustedPassage (California, U.S.); VeloCloud Networks, Inc. (California, U.S.)

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.