Software-Defined Perimeter Market Insights on Automotive Head-up Display Opportunities, Global Industry Share by Regions – Segmentation Analysis, Top Players with Impact of Covid-19 on Industry Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Software-Defined Perimeter Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Software-Defined Perimeter Market products.

The Software-Defined Perimeter Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Synopsis of Software Defined Perimeter Market:

Market Scenario:

Software defined perimeter (SDP) can be defined as solutions used to control and manage customer data without human involvement with the help of policy-driven, programmable, and scalable security architecture. Aspects such as rising economy, high growth rate of urbanization, and employment rate as well as the rapid industrialization is driving the global software defined perimeter (SDP) market.

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Technology giants such as Check Point Software Technologies Ltd. (Israel), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), Symantec Corporation (U.S.), EMC RSA (U.S.), Fortinet, Inc. (U.S.) and others are well established in this market. Cisco Systems, Inc. is one of the prominent players in software defined perimeter market. Cisco and Hyundai Motor Company announced the production of a next-generation, hyperconnected car. Cisco Systems a prominent player in software defined perimeter market joined hands with Hyundai to feature new in-vehicle network in their premium 2019 vehicles. The use of a Software Defined Vehicle (SDV) architecture, in-vehicle network sets the stage for adaptive technologies and offers integrated, multi-layer security, as well as full end-to-end networking – allowing true sensor integration. It will also enable new, high-speed services through an integration layer between software and the dominant hardware.

The factors driving the growth of the software defined perimeter market are, requirement for programmable security architecture, rise in adoption of cloud-based applications, absence of cyber security talent and macroeconomic factors. However, aspects such as lack of awareness of security breach and high condition for deployment of SDP are restraining the market growth.The global software defined perimeter market is expected to grow at a CAGR of approximately 35% during the forecast period 2017-2023.

Key Players:

Some of the prominent players in the global software defined perimeter market: Check Point Software Technologies Ltd. (Israel), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), Symantec Corporation (U.S.), EMC RSA (U.S.), Fortinet, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks (U.S.), Certes Networks, Inc. (U.S.), Catbird, Inc. (U.S.). Vidder, Inc. (U.S.), Cryptzone North America Inc. (U.S.), TrustedPassage (U.S.), and VeloCloud Networks, Inc. (U.S.) and others.

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The global Software Defined Perimeter market is segmented by components, enforcement point, deployment, organization size, and end-users. By component segment the market consists of solutions & service. Solutions consists of security software, which is further sub-segmented into risk analytics and visualization, access control, ids, and IPS, data loss prevention and others.  The others sub-segment consists of control automation & orchestration solution, security compliance and policy management and performance management and reporting. The enforcement point consists of controller, gateway & end-point. The services sub-segment consists of support and maintenance, training and education, integration and testing and consulting. By deployment, the market is segmented into cloud and on-premise. By organization size, the market is segmented into small & medium enterprises and large enterprises. And by end-user segment, the market is segmented into BFSI, telecommunications and IT, retail & wholesales, healthcare and life science, transportation and logistics, media and entertainment, hospitality and others.

Regional Analysis:

The global software defined perimeter market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America accounts for the largest share in the global software defined perimeter market. Owing to technological advancement, well-established IT infrastructure, adoption of advanced technology across numerous industries. Asia Pacific is expected to be the fastest growing owing to the presence of small and medium enterprises that mostly adopt cloud-based applications.

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Intended Audience:

Technology Investors

Research/Consultancy firms

Technology Solution Providers

Software Solution Providers

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