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| Global Microsegmentation Market Growth |
Microsegmentation is the process of dividing networks into small logical
segments to prevent malware and unauthorized users from spreading to other
parts of the network, thus restricting the lateral movement of threats.
Microsegmentation products provide enterprise-grade security through granular
user and application segmentation by monitoring and controlling communication
between workloads within individual infrastructure segments.
The global
Microsegmentation Market is estimated to be valued at US$ 2328.75 Mn in 2023 and is expected to exhibit a CAGR of 25% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Granular user and application segmentation has accelerated the growth of the microsegmentation
market over the past few years. By creating tightly regulated security zones
within individual workloads, microsegmentation restricts threats from
traversing freely across network segments. This fine-grained approach helps
organizations achieve superior security and compliance without significantly
impacting the performance of applications and infrastructure. The ability of
microsegmentation solutions to monitor traffic patterns at an individual user
and application level and build custom security policies has increased their
adoption across industries. The growing need for threat prevention within
dynamic modern networks without relying on traditional network perimeter
security models will continue to drive the demand for microsegmentation in the
coming years.
Segment
Analysis
The global Microsegmentation market is dominated by the network security sub
segment. This is because microsegmentation helps in restricting east-west
traffic within network segments to limit threats further into the network. It
divides the network into several small logical segments and controls
communication between them based on explicit security policies.
Key Takeaways
The Global
Microsegmentation Market Growth is expected to witness high growth over the
forecast period of 2023 to 2030. The global Microsegmentation Market is
estimated to be valued at US$ 2328.75
Mn in 2023 and is expected to exhibit a CAGR
of 25% over the forecast period 2023 to 2030.
Regional analysis: North America region currently dominates the microsegmentation
market owing to strict data security compliances and rising cyber threats. The
United States holds the largest market share in the region. However, Asia
Pacific is expected to grow at the highest CAGR during the forecast period due
to rise in digital transformation initiatives across industries in countries
like China and India.
Key players: Key players operating in the Microsegmentation market are Cisco
Systems Inc. (US), Akamai Technologies, Inc., Palo Alto Networks, Inc.,
Symantec Corporation, Okta, Inc., Forcepoint, LLC, Cyxtera Technologies, Sophos
Group Plc, Google LLC, Microsoft, Inc., VMware Inc., Trend Micro Incorporated,
Cloudflare, IBM Corporation, Fortinet, Check Point Software Technologies Ltd.,
Unisys, vArmour, Inc., OPAQ Networks, Inc., ExtraHop Networks, ShieldX, Bracket
Computing Inc., and Nutanix. Cisco Systems dominates the market owing to its
robust product portfolio and strong global presence.
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