Work-From-Home Implementations to Strengthen Growth of Software Defined Perimeter Market: TMR
- Large-scale adoption of cloud technology and the escalating threat of cyber attacks are prominent growth factors associated with the software defined perimeter market
- Considering the diverse factors associated with influencing the growth rate, the global software defined perimeter market is expected to expand at a CAGR of 31 percent between 2020 and 2030
ALBANY, N.Y., Sept. 22, 2020 /PRNewswire/ -- 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-perimeter-market.html
Software Defined Perimeter Market: Key Revelations
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.
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Software Defined Perimeter Market: The Pandemic Effect
Workplaces were shut due to the novel coronavirus contagion and this led to large-scale implementation of the work-from-home (WFH) mechanism, especially across the IT industry. Seeing the rising threat of COVID-19, most of the workplaces have extended WFH till the end of 2020 or the first quarter of 2021. This aspect may boost the growth of the software defined perimeter market. As VPNs continue to present a range of challenges, the demand for software defined perimeter market is bound to increase.
Global Software Defined Perimeter Market: Segmentation
By End User
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