PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535910
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535910
Software defined perimeter market size is poised to witness over 10% CAGR between 2024 and 2032 driven by the increasing need for advanced security solutions in response to the evolving cyber threats and the rise of remote work. Software defined perimeter (SDP) provides a more dynamic and scalable approach by creating secure, encrypted connections between users and applications based on context and identity, for effectively minimizing the exposure to potential threats.
The rising adoption of zero-trust security frameworks is steering the focus on verifying every request and continuously assessing the security posture of users and devices. For instance, in November 2023, The Cloud Security Alliance introduced the first Zero Trust training and credential, the Certificate of Competence in Zero Trust. The increasing complexity of IT environments and the need for secure access to applications and data from various devices will further drive the demand for SDP solutions.
The industry is divided into component, deployment model, organization size, connectivity, end-use, and region.
Based on deployment model, the software defined perimeter market from the on-premises segment is anticipated to witness growth through 2032. This is due to the strong demand for robust security solutions that integrate seamlessly with existing enterprise infrastructure. Many organizations prefer on-premises SDP solutions to maintain control over their security environment and ensure compatibility with their internal systems and protocols.
With respect to end use, the SDP market size from the IT & telecommunication segment is predicted to record notable gains up to 2032. This is owing to the critical need for advanced security solutions to protect complex, high-value networks and data from increasingly sophisticated cyber threats. As these sectors undergo rapid digital transformation and expand their cloud and mobile infrastructures, SDP is providing a flexible and scalable security framework that enhances access control and data protection.
Asia Pacific software defined perimeter industry size will grow significantly through 2032 attributed to rapid adoption of cloud computing and digital transformation initiatives, coupled with increasing regulatory requirements for data protection. Stringent data protection regulations across various countries in the region, such as the Personal Data Protection Act (PDPA) in Singapore, are compelling organizations to adopt advanced security measures.