Software-Defined Perimeter (SDP) Market

Cisco, Palo Alto, Fortinet, and Check Point are some of the leading companies that have adopted this strategy in Software-Defined Perimeter (SDP) Market

Software-Defined Perimeter (SDP) is a virtual perimeter of an organization that prevents any unauthentic access to enterprise applications. The SDP solution first performs authentication of the device as well as the user and then allows the user to access the applications and data, which the user is authorized to. High adoption of cloud-based applications and increased mobility & BYOD trend wiped out the physical perimeter of an enterprise and gave rise to the evolution of SDP, which controls access to applications irrespective of the geographic location of the user and the application. In this report, MarketsandMarkets forecasts the SDP market size to grow from USD 992.8 Million in 2016 to USD 4,396.1 Million by 2021, at a CAGR of 34.7%. Need for policy-driven, scalable, programmable, and easy-to-operate security solutions is the main driving factor for the SDP market.

The market is in its introductory phase and the various market players are continuously innovating on their product/service offerings. The top vendors profiled in the report are Check Point Software Technologies Ltd. (Tel Aviv, Israel), Cisco Systems, Inc. (California, U.S.), Intel Corporation (California, U.S.), Symantec Corporation (California, U.S.), EMC RSA (Massachusetts, U.S.), Fortinet, Inc. (California, U.S.), Juniper Networks, Inc. (California, U.S.), Palo Alto Networks (California, U.S.), Certes Networks, Inc. (Pennsylvania, U.S.), and Catbird, Inc. (California, U.S.). Vidder, Inc. (California, U.S.), Cryptzone North America Inc. (Massachusetts, U.S.), TrustedPassage (California, U.S.), and VeloCloud Networks, Inc. (California, U.S.) are identified as key innovators in the SDP market. These market players have adopted different strategies to strengthen their market position and increase their market share. The strategy of new product launches was the key strategy followed by the leading players to achieve growth in the market. Check Point, Juniper, Cisco, EMC RSA, and Symantec are some of the leading companies that have adopted this strategy. Apart from this, the strategy of partnerships is another significant strategy embraced by the market players in the SDP market. Cisco, Palo Alto, Fortinet, and Check Point are some of the leading companies that have adopted this strategy.

Cisco enhanced its comprehensive Software-Defined Networking (SDN) portfolio by releasing its Application Centric Infrastructure (ACI), with improved network security in December 2015. The enhancement adds policy-based automation with enhanced security features in the product. The company also adopted the strategy of acquisition, partnership, and business expansion to innovate on its offerings and increase its customer base. In June 2016, Cisco acquired CloudLock to enhance its cloud security offerings; in March 2016, Cisco acquired Jasper, which added advanced Internet of Things (IoT) security solutions to its portfolio. In December 2015, Cisco partnered with Ericsson to develop next-generation networking solution, focusing on SDN and Network Functions Virtualization (NFV), for improved control and security.

In August 2016, Symantec acquired Blue Coat Systems, an advanced web security solutions provider. With this acquisition, Symantec enhanced its capabilities in advanced network and cloud security solutions. In October 2015, Symantec introduced Symantec Advanced Threat Protection (ATP), a solution that can detect and remediate advanced threats such as ransomware, remote access Trojans, Advanced Persistent Threats (APTs), and zero-day attacks.

Related Reports:

Software-Defined Perimeter (SDP) Market by Enforcement Point (Controller, Gateway, and End Point), Component (Solution and Service), Deployment Mode (Cloud and on-Premises), Organization Size, End User, and Region - Global Forecast to 2021

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Report Code
TC 4700
Published ON
Nov, 2016
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