Global Microsegmentation Technology Market Overview:
Microsegmentation is a network security technique that divides a network into smaller, more granular segments. Each segment is then isolated from the others, and only authorized traffic can flow between them. This helps to prevent lateral movement of threats, which is the ability of an attacker to move from one compromised system to another within the network. Microsegmentation can be implemented using a variety of technologies, including firewalls, security gateways, and network virtualization. It can be used to protect a wide variety of workloads, including applications, servers, and data.
As per latest study released by AMA Research, the Global Microsegmentation Technology market is expected to see growth rate of 24.2% and may see market size of USD11020.0 Million by 2028.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing use of AI and Machine Learning to Automate Microsegmentation Technology
Market Growth Drivers:
The Need to Protect Sensitive Data in Hybrid and Multi-Cloud Environments and The Growing Importance of Data Privacy
Challenges:
There is a growing demand for skilled professionals with expertise in microsegmentation technology. The shortage of such skills can make it difficult for organizations to effectively implement and manage microsegmentation solutions.
Restraints:
High Cost of Advanced Security Solutions and Complex Configuration Hinders Growth of the Microsegmentation Technology Market
Opportunities:
The Growing Adoption of IoT Devices and The Increasing use of Containerization and Microservices
Competitive Landscape:
The global microsegmentation technology market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. The key market players are also constantly focus on R&D to supply industries with the most efficient and cost effective.
Some of the key players profiled in the report are Akamai Technologies (United States), AlgoSec (United States), Arista Networks (United States), Barracuda Networks (United States), Cisco Systems (United States), CloudKnox (United States), Deepwatch (United States), Ermetic (Israel) and ForeScout Technologies (United States). Additionally, following companies can also be profiled that are part of our coverage like Guardicore (United States), Illumio (United States), MacAfee (United States) and PerimeterX (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Microsegmentation Technology market by 2028. Considering Market by By Component, the sub-segment i.e. Software will boost the Microsegmentation Technology market. Considering Market by By End User, the sub-segment i.e. Healthcare will boost the Microsegmentation Technology market. Considering Market by By Enterprise Size, the sub-segment i.e. Small will boost the Microsegmentation Technology market. Considering Market by By Service, the sub-segment i.e. Professional will boost the Microsegmentation Technology market. Considering Market by By Security , the sub-segment i.e. Network will boost the Microsegmentation Technology market. Considering Market by By Deployment, the sub-segment i.e. Cloud will boost the Microsegmentation Technology market.
Latest Market Insights:
In October 2023, Illumio and VMware announced a partnership to deliver end-to-end microsegmentation across on-premises, cloud, and multi-cloud environments. The partnership will integrate Illumio's Core and Edge products with VMware's NSX and NSX-T solutions to provide comprehensive microsegmentation for customers.
In November 2023, Palo Alto Networks launched Prisma Cloud Microsegmentation, a new cloud-native microsegmentation solution that provides automated microsegmentation enforcement for cloud workloads. The solution is designed to simplify microsegmentation deployments and reduce the risk of unauthorized lateral movement in the cloud.
What Can be Explored with the Microsegmentation Technology Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Microsegmentation Technology Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Microsegmentation Technology
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Microsegmentation Technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Microsegmentation Technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Microsegmentation Technology Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.