Global Software Defined Perimeter Market: Escalating Demand for Robust Security Solutions for Enterprise Applications Boosts Growth

The software defined perimeter (SDP) market is competitive due to the high concentration of service providers, says Transparency Market Research (TMR) in a new report. In order to stay competitive, vendors have adopted various types of organic and inorganic growth plans such as partnerships and collaborations, new product launches, and mergers and acquisitions to amplify their offerings in the software defined perimeter market.

Some of the top players in the software defined perimeter market include Checkpoint Software Technologies Inc., Cisco Systems Inc., Symantec Corporation, and Intel Corporation among others.

Transparency Market Research estimates the global software defined perimeter market to develop at an outstanding 30.9% CAGR between 2017 and 2025 for the market’s valuation to increase from US$1, 129.5 mn in 2016 to US$12,247.9 mn by 2025.

In 2016, BFSI held the leading share of almost 24.8% amongst other end-use segments in the software defined perimeter market. In terms of geography, while North America dominates the global software defined perimeter market; however, Asia Pacific is expected to display a higher growth rate over other regional segments during the forecast period.

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North America and Western Europe are also expected to extend significant growth opportunities to vendors in the global market owing to increasing adoption of cloud-based application model in the services industry in these regions.

Nevertheless, growing market for software-defined networking (sdn) and growing number of connected devices due to bring-your-own-device (BYOD) and IoT trends will extend lucrative opportunities to the growth of this market.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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