Market Overview

The software defined perimeter market growth will grow at a rate of CAGR 14.03%, and it is expected that the market will reach USD 28.2 billion in the forecast period. Several organizations use the software definer perimeter for handling customer data, and it is a secure medium that provides security to the data without the interference of the human. This system is used by many service providers like telecom, cloud, etc., as it ensures security and authenticity before performing any task. The rising need for security systems and the increased use of the cloud-based system will rise the growth of the software defined perimeter market. It is expected that this system will be used by military security and for many other purposes in the future. Due to the pandemic, various sectors faced losses. Still, the sudden innovation of various technology and increased use of the cloud-based system increased the growth in the pandemic period, and the market got less affected by the COVID-19.

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The growing technological advancement increased the cyber attacks in different enterprises to safeguard the system drives the market's growth in the forecast period. Less awareness among people about cyber security and increasing use of another security system could be restrained for the software defined perimeter market. The cost-effectiveness of the market and the cloud-based tunnel system improving the VPN tunnel to security problems offer many opportunities for the market's growth. The need to upgrade the system to use the software-defined perimeter, which is impossible for underdeveloped countries to create, is a challenge for the market. The lack of knowledge about the security system can hinder the market's growth in the forecast period.

Market segmentation

The software defined perimeter market is segmented by component, enforcement, deployment, organization size, and end-user. The market is segmented into services and solutions; the service segment is further divided into maintenance and support, consulting and testing, education and training, and integration. The solution segment is further divided into security services, risk analytics, and visualization and access control; each segment of the component will enhance the market's growth in the forecast period. Based on the segment end-user, the market is divided into wholesale and retail, logistics and transportation, IT and telecommunication, hospitality, entertainment and media, BFSI, and life science and healthcare. The software defined perimeter market is based on the segment enforcement divided into controller and gateway. Organization size is further divided into medium enterprises and small enterprises. On-premise and the cloud-based system is part of the segment deployment.

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Regional analysis

Software defined perimeter market is spread in North America, Asia Pacific, Europe, and other parts of the world. The adaptation of advanced technology and new technology improvement in the region of North America enhances the growth of the market. Improvement of a cloud-based system and increase of small and medium enterprises is expected to improve the growth of the Asia Pacific region. Other regions are showcasing steady growth and will increase in the forecast period driving the market.

Industry news

Blast wave launches password less software-defined perimeter solutions to address the three most common attack vectors.

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