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Global Software Defined Perimeter Market is Expected to Grow at a CAGR of 34% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Software Defined Perimeter Market Report and Forecast 2022-2027’, the global software defined perimeter market size reached a value of about USD 2.4 billion in 2020. It is expected to grow at a CAGR of 34% in the forecast period of 2022-2027 to reach USD 13.8 billion by 2026.

The global software defined perimeter market is being driven by the growing use of cloud technologies, the need for scalable and programmable security infrastructure, and stringent regulations and standards for data compliance. The growth of the Asia Pacific software defined perimeter market is projected to be the fastest in the forecast period. The region is a base for major telecommunications, e-commerce, retail, as well as other providers. The region also has a large number of start-ups. Over the coming years, these start-ups are expected to implement cloud-based solutions. In addition, there is an increasing need to secure data, strict regulations, and changing BYOD patterns over the forecast period. Due to the adoption of broad software defined perimeters, enterprises deliver high performance, productivity, and prevent data insecurity over the heavy-traffic grid. North America had the largest market share in the industry in 2020.

In January 2021, Check Point Software Technologies Ltd. (NASDAQ: CHKP), a global leader in cybersecurity solutions, unveiled the Fast Track Network Security, a new product series that offers unparalleled safety, scalability, and ease of delivery as well as control for businesses from branches to corporate data centres. Such innovations within the industry are expected to propel the growth of the market in the coming years.

Market Analysis by Enforcement Point, Component, Deployment Mode, Organization, End Use, and Region:

  • The enforcement point of software defined perimeter could be controller, gateway, and endpoint.
  • The components in the industry can be divided into solutions and services.
  • The deployment mode of software defined perimeter could be cloud or on-premises.
  • The organisation included in the market are small and medium enterprises and large enterprises.
  • It finds its end-uses in telecom service providers, cloud service providers, information technology enabled services, defence, banking, financial services, and insurance, media and entertainment, government, education, healthcare, and others.
  • The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for a policy-driven and programmable security framework is driving the global software defined perimeter market growth.
  • The market is being driven by the rising consumer preference for cloud-based applications.
  • The rising popularity of cost-effective solutions is propelling the rise of cloud-based services, which meet the security requirements of the ever-growing IT industry, thus, aiding the growth of the software defined perimeter market.
  • The rising number of initiatives taken by the government is also supporting the growth of the industry.
  • The growing advancement in technology is further boosting the market growth.
  • The changing regulation and compliance requirements by various organisations against online threats is also supporting industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global software defined perimeter market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the enforcement point, component, deployment mode, organization, end use, and major regions of software defined perimeter market.
  • It assesses the market based on the SWOT and Porter’s Five Forces models.

The major key players in the global software defined perimeter market include companies like Check Point Software Technologies Ltd., Intel Corporation, Fortinet, Inc., Juniper Networks, Inc., and Palo Alto Networks, Inc., among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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