The need for developing a modern and successful security framework for cloud technology is essential. Traditional defense methods like firewalls have their limitations and do not prove efficient for protecting application infrastructure. Hence, this factor will make way to invite profound growth for the software defined perimeter market.

The TMR analysts, after research on various aspects related to software defined perimeter market foresee the global software defined perimeter market to expand at a healthy CAGR of 31 percent across the assessment period of 2020-2030. The global software defined perimeter market was valued at ~US$ 2.7 bn and is estimated to reach US$ 40.1 bn by 2030.

The increase in the rate of work-from-home (WFH) mechanism due to the COVID-19 outbreak may lead to a tremendous demand for software defined perimeter. This aspect may bring a positive change in the growth rate of the software defined perimeter market.

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Software Defined Perimeter Market: Transparency Expert Diagnosis

The analysts credit the strengthening web of remote working mechanisms as a prominent growth factor for the software defined perimeter market. Other factors highlighted by the analysts are heightening need for enhancing security and authentication services for on-premise and cloud applications. The analysts further opine that the work-from-home (WFH) mechanism will invite expansive growth for the software defined perimeter market.

Explore 243 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Software Defined Perimeter Market (Component: Software and Services [Consulting, System Integration, and Operation & Maintenance]; Deployment: Cloud and On-premise; Application: Security and Authentication; and End User: BFSI, IT & Telecom, Manufacturing, Defense, Healthcare, Government, Education, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/software-defined-perimet...

Software Defined Perimeter Market: Key Revelations

The authentication segment acquired a prominent share in 2019 in terms of application
Based on end-user, the healthcare sector accrued the largest share of the global software defined perimeter market
North America dominated the global software defined perimeter market in terms of geography
North America is also prognosticated to hold the same position in this forecast period
The U.S. harnesses extensive growth for North America
The U.S is expected to expand at a CAGR of 28.8 percent during the assessment period
Asia Pacific clenched a prominent regional share in 2019 and is also expected to continue the same run through the forecast period
South America, the Middle East and Africa, and Europe may expect moderate growth
Analyze global software defined perimeter market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Software Defined Perimeter Market: Growth Boosters

Seamless connectivity to any network and support for devices such as PCs, laptops, mobile devices, and the Internet of Things (IoT) devices invite magnifying demand for the software defined perimeter market.

Software defined perimeter offer high encryption, adding an extra layer of security, thus increasing the demand
Multiple authentications enable organizations to identify illegal users and this feature invites great growth opportunities for the software defined perimeter market
Strategic alliances between the players in the software defined perimeter market further invite expansive growth prospects
Software defined perimeter also extend security measures for hybrid and multi-cloud access and offer complete flexibility, thus sowing the seeds of growth across the software defined perimeter market