The worldwide Software Defined Perimeter (SDP) market was recently evaluated by Transparency Market Research (TMR). The report titled, Worldwide Software Defined Perimeter Market: Escalating Demand for Robust Security Solutions for Enterprise Applications Boosts Growth, estimates the global software defined perimeter market to grow at 30.9% CAGR between 2017 and 2025 and for the market’s valuation to increase from $1.13 billion in 2016 to $12.25 billion by 2025.
Rising demand for SDP and a growing emphasis on providing better security solutions is forcing companies to advance development of SDPs to continue the profitability of the market. It listed some of the top players in the software defined perimeter market including Checkpoint Software Technologies Inc., Cisco Systems Inc., Symantec Corporation, and Intel Corporation among others.
It noted the SDP market becoming increasingly competitive due to the high concentration of service providers, and that growth is being driven by the increasing need for security systems that can protect critical applications and growing cloud based services. This is mainly due to increasing adoption of complex applications that require equally advanced network infrastructure in order to leverage the full potential of these applications. In this scenario, SDP solutions allow security infrastructure to be easily configured, managed, and controlled using policy-driven, programmable, and scalable security framework, without any external high level expertise.
In terms of growth inhibitors, it noted SDPs being negatively impacted by the lack of awareness with most enterprises are still unaware of the significance of security controls being used for accessing their applications, and it noted the lack of industry standards and increased adoption of freeway security applications hindering market growth.
It concluded noting that the growing number of connected devices, BYOD and IoT trends will continue to drive and extend lucrative opportunities to the growth of the market.
As an SDP industry pioneer, and developer of the industry’s first open source SDP, Waverley Labs is pleased and proud to see market growth being clearly documented.