Microsegmentation Market: Current Analysis and Forecast (2022-2028)

The Global Microsegmentation Market is expected to grow at a significant rate of around 20% during the forecast period. Micro-segmentation is a network security technique that enables security architects to logically divide the data center into distinct security segments down to the individual workload level, and then define security controls and deliver services for each unique segment. Micro-segmentation enables IT to deploy flexible security policies deep inside a data center using network virtualization technology instead of installing multiple physical firewalls.

The growing adoption of micro-segmentation is attributed to the growing cyber-attacks around the world, coupled with the cost of each data breach that an organization has to bear. Furthermore, the growing use of web applications, connected devices and mobile devices is expected to drive the market. For instance, there are more than 6.6 billion active smartphones in the world as of 2022.

VMware Inc, Juniper networks, Cisco systems corporation, Unisys corporation, Avaya Inc, Hewlett Packard enterprises inc, Dell technologies inc, Brocaded communication systems inc, Huawei technologies co, Extreme networks Inc, and Microsoft corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst component, the service category to witness higher CAGR during the forecast period"

Based on component, the market is segmented into software and services. During the forecast period, the services segment is expected to grow significantly during the forecast period. The managed service providers play a vital role in the deployment of the micro segmentation. Furthermore, the growing need for expertise of cyber security and increasing malware attacks around the globe are expected to drive the services market.

"Amongst industry vertical, the BFSI segment is expected to hold a significant share in the market in 2020"

Based on industry vertical, the market is segmented into government & defense, BFSI, IT and Telecom, healthcare, retail and manufacturing and others. The BFSI segment is expected to with a significant CAGR during the forecast period. The growing adoption of micro segmentation in the BFSI sector is attributed to its constant need for upgradation of its processing and transaction technologies and the requirement for end-to-end security solutions to optimize the operations.

"North America to hold a significant share in the market"

In 2020, the North America region is expected to grow with a significant CAGR during the forecast period, this is mainly due to the presence of stable and developed economies in the region such as the U.S and Canada. Furthermore, the growing research and development investments in the region by key players are expected to significantly influence the market. Moreover, the rising number of developing Small and Medium-sized Enterprises (SMEs) and the increasing digitization in large organizations have aided the growth of the North American micro segmentation market. SMEs are flexible in incorporating new technologies such as micro segmentation, artificial intelligence-driven micro-segmentation, network micro segmentation into their existing systems, whereas large organizations have heavy budgets for digitization. All these factors are driving the growth of the market in North America.

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The study includes market sizing and forecasting Analytics validated by authenticated key industry experts.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level Analytics of the industry.

Customization Options:

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