increase in network attacks across globe is driving the Software-Defined Perimeter (SDP) Market
Technavio analyzes that the Software-Defined Perimeter (SDP) Market is expected to grow at a CAGR of 54.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 46745.3 million.There are various factors that contribute to the growth of the market. The global landscape has witnessed a significant surge in network attacks, leading to an increased demand for robust and adaptive security solutions. Enter Software-Defined Perimeter (SDP), an innovative approach to network security that confines access to applications to only authenticated and authorized users, devices, and services. SDP creates a dynamic perimeter around applications, ensuring secure access while mitigating the risks of unauthorized access and data breaches. This technology is poised to revolutionize the cybersecurity industry, offering a proactive defense against evolving threats.
In the dynamic landscape of the Software-Defined Perimeter (SDP) market, on-premises SDP solutions continue to hold significance despite the emergence of cloud-based alternatives. These on-premises solutions necessitate a software license for each end-user, resulting in a more expensive deployment model due to the required in-house hardware and substantial capital investment in licensing. However, the absence of third-party interference in on-premises SDP makes it a highly secure choice. Customization and enhanced data security are other compelling factors driving the growth of this segment. Vendors like Vidder, whose SDP solution was acquired by Verizon, continue to offer on-premises SDP solutions. These solutions fortify enterprises' networks by establishing a secure perimeter, thereby mitigating potential network attacks through multi-factor authentication, hardware tokens, security inspections, blocklist, SDP controller, SDP gateway, secure network connection, mutual TLS, and authentication protocols.
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Software-Defined Perimeter (SDP) Market Segmentation
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The Software-Defined Perimeter (SDP) market is a security solution designed to protect company assets in both on-premise and cloud environments from attackers. It creates a dynamic network perimeter using access-based controls, user privileges, and user identity at the application and network layers. SDP employs authentication methods like Single Sign-On (SSO), multi-factor authentication, and hardware tokens. External parties are granted secure network access only after successful authentication, device verification, and security inspections. SDP utilizes a controller and gateway to establish mutual TLS secure connections, while also implementing access controls, user access policies, and malware infections blocklist. The Cloud Security Alliance endorses this approach to replace traditional hardware-based perimeters, providing an effective defense against malware infections and unauthorized access.
The Software-Defined Perimeter (SDP) market is a segment of the larger global IT software industry, focusing specifically on securing internet-connected infrastructure from external threats. SDP solutions utilize software and hardware to create a dynamic, adaptive network perimeter that protects company assets from attackers, whether they reside on-premise or in the cloud. Technavio's market analysis calculates the SDP market size based on the combined revenue generated by companies specializing in this technology, providing businesses with a robust and agile defense against cyber threats.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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