Global Software-defined Perimeter Market 2019-2023 | 34% CAGR Projection Over th ...

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 .

Global Software-defined Perimeter Market 2019-2023 | 34% CAGR Projection Over th ...

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 the

global

also provides an

analysis 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 a

senior 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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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends