The global software-defined perimeter (SDP) market is expected to post a CAGR over 34% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global software-defined perimeter (SDP) market 2019-2023. (Graphic: Business Wire)
There is an increase in the number of network attacks such as APTs, man-in-the-middle, and DDoS by hackers and cybercriminals. This is encouraging many enterprises to adopt software-defined perimeter (SDP) because SDP analyzes the incoming traffic and immediately blocks them in case they are malicious in nature. It also automates the process and creates a perimeter for the data center and cloud infrastructure. Thus, the increase in network attacks across the globe will boost the growth of the software-defined perimeter (SDP) market during the forecast period.
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As per Technavio, the increase in the use of SDP with blockchain for improving automotive cybersecurity will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Software-Defined Perimeter (SDP) Market: Increasing Use of SDP with Blockchain for Improving Automotive Cybersecurity
The connected software used in autonomous vehicles is more vulnerable to cyberattacks. This is encouraging many vendors to make strategic alliances to integrate blockchain technology with SDP and use them in autonomous vehicles. The use of SDP in these vehicles provides a secure Internet and in-vehicle links. In addition, the use of blockchain technology along with SDP helps in securing the information that carries the private encryption keys and the status of sensors. Thus, with the growing trend of using SDP with blockchain for improving automotive cybersecurity, the market for software-defined perimeter (SDP) is expected to showcase a positive outlook during the forecast period.
“Apart from the growing trend of using SDP with blockchain for improving automotive cybersecurity, the emergence of BYOD and rise in the number of strategic alliances are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Software-Defined Perimeter (SDP) Market: Segmentation Analysis
This market research report segments the global software-defined perimeter (SDP) market by deployment (on-premises and cloud-based) and geography (the Americas, APAC, and EMEA).
The Americas led the market in 2018, followed by APAC and EMEA respectively. During the forecast period, the Americas is expected to maintain its dominance over the global market. This is due to the existence of government regulations and strict IT security compliance.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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