LONDON (BUSINESS WIRE) lt;a href=”https://twitter.com/hashtag/ITSecurity?src=hash” target=”_blank”gt;#ITSecuritylt;/agt; The global software-defined perimeter market is expected to post a CAGR
of over 34% during the period 2019-2023, according to the latest market
research report by Technavio .
A key factor driving the growth of the market is the increase in network
attacks across the globe. The network attacks by hackers and
cybercriminals are growing at an alarming rate. The number of network
attacks such as DDoS, man-in-the-middle, and APTs by hackers is rising
globally. For instance, almost one-third of the enterprises faced DDoS
in 2017. Another example of network attacks is, in January 2018, ABN
AMRO, a Dutch bank, faced a DDoS attack. As a result of this attack,
services such as internet banking and mobile banking were not available
or extremely slow for more than 4 hours. Therefore, SDP supports
enterprises in permitting good connections or packets and in dropping
bad packets or connections. In the case of a network attack, SDP blocks
malicious traffic as well as automates the process of blocking and
stopping the traffic immediately from reaching the services and
applications. Thus, the increase in network attacks across the globe is
expected to trigger the growth of the global SDP market during the
forecast period.
This market research report on theglobal
also provides ananalysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.
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In this report, Technavio highlights the emergence of BYOD as one of the
key emerging trends in the global software-defined perimeter market:
Global software-defined perimeter market:Emergence of BYOD
Organizations are increasingly adopting smartphones and tablets to
enable employees to work remotely. A large number of employees now stay
connected with the corporate network with constant support from
enterprise IT departments. The adoption of the BYOD concept by firms has
allowed employees to access organizational data and resources without
being tied to a single location. Mobile devices are now becoming primary
devices among employees in an organization. SMEs are increasingly
shifting to BYOD for professional tasks, and this move has helped them
in improving their productivity and efficiency significantly. However,
enterprises face a challenge in controlling the BYOD devices. SDP
provides enterprises with policies that help them in limiting access to
specific resources and information. It also provides a low cost of
ownership and flexibility through its user-friendly and secure
environment. This is encouraging enterprises to adopt SDP to make the
BYOD networking systems more robust and secure.
“Apart from emergence of BYOD, the rise in the number of strategic
alliances, the use of SDP with blockchain for improving automotive
cybersecurity, and the growing use of IoT are some other factors
says asenior analyst at Technavio for research on IT security.
Global software-defined perimeter market:Segmentation analysis
This market research report segments the global software-defined
perimeter market by geographical regions, including APAC, EMEA, and the
Americas.
The Americas led the market in 2018 with a market share close to 43%,
followed by APAC and EMEA respectively. However, during the forecast
period, the APAC region is expected to register the highest incremental
growth, followed by the EMEA region.
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Market definition Market size and forecastFive Forces Analysis
Market Segmentation
Geographical Segmentation
Regional comparison Key leading countriesMarket Drivers
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Market Trends
Vendor Landscape
Vendors covered Vendor classification Market positioning of vendors Competitive scenarioAbout Technavio
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