NEW YORK, Nov. 10, 2016 /PRNewswire/ --
"Need for policy-driven, scalable, and programmable security architecture is driving the growth of the SDP market"
MarketsandMarkets estimates the global Software-Defined Perimeter (SDP) market 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 SDP market is expected to grow significantly due to the rising need for security mechanisms that can protect dispersed enterprise applications. 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 also drives the demand of the SDP solutions. However, lack of security awareness with respect to virtual environment is acting as a major restraint in the overall growth of the market.
"Security software to have the largest market size during the forecast period"
The security software in SDP includes risk analytics and visualization; access control, IDS, and IPS; Data Loss Prevention (DLP); and others. With the increasing number of cyber threats and vulnerabilities in network infrastructure, there is a high demand for various advanced security solutions.
"Support and maintenance service to have the highest growth rate during the forecast period"
In the services segment, support and maintenance is the fastest growing segment due to its continuous need for smooth functioning of the overall SDP solutions. The maintenance includes providing upgradations to SDP solutions and providing assistance in case of issues in the operation of solutions.
"Asia-Pacific (APAC) is expected to be the most potential market with high growth opportunities during the forecast period"
Asia-Pacific (APAC) includes emerging economies, such as China, Japan, South Korea, Australia, and India, which are increasingly demanding for advanced cybersecurity solutions, particularly for cloud-based applications. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the security testing market place.
- By Company Type: Tier 1: 27%, Tier 2: 48%, and Tier 3: 25%
- By Designation: C-Level: 16%, Director Level: 72%, and Others: 12%
- By Region: North America: 57%, Europe: 16%, APAC: 15%, and Rest of the World (ROW): 12%
The report includes the study of key players offering SDP solutions and services; 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 some of the companies profiled in the report.
The report aims at estimating the market size and future growth potential of this market across different segments such as enforcement points, components (solutions and services), deployment modes, organization sizes, end users, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
KEY BENEFITS OF BUYING THE REPORT
The global SDP market has been segmented on the basis of enforcement points, components (solutions and services), deployment modes, organization sizes, end users, and regions. The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the SDP market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different end users and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.
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