HOME Press Releases Microsegmentation Market worth 2,038.7 Million USD by 2022



Microsegmentation Market worth 2,038.7 Million USD by 2022


The report "Microsegmentation Market by Component (Software and Services), Security Type (Network Security, Database Security, and Application Security), Service, Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2022", The global microsegmentation market size is expected to grow from USD 670.3 Million in 2017 to USD 2,038.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period. The major factors driving the growth of the microsegmentation market include increase in network connectivity and data theft, and maintaining safe third-party access.

Browse 85 Market Data Tables and 43 Figures spread through 142 Pages and in-depth TOC on "Microsegmentation Market by Component (Software and Services), Security Type (Network Security, Database Security, and Application Security), Service, Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/microsegmentation-market-213178740.html
Early buyers will receive 10% customization on reports.

The consulting and advisory services segment is expected to have the largest market size in the microsegmentationmarket during the forecast period.

Consulting and advisory services play a significant role in achieving the zero trust security model through microsegmentation. They provide strategic insights for the operational, organizational, and technological transformation to various verticals depending upon their requirements. Moreover, these services offer an innovative service-layer framework to help establish a next generation security architecture.

The managed services segment is expected to grow at the highest CAGR during the forecast period.

Managed services are being rapidly adopted by developed countries, such as the US and Canada. Managed services play a huge role in the deployment of microsegmentation software according to requirement of client. Managed services include all the pre- and post-deployment queries and needs of the customers. These services may include planning, designing, testing, integration, maintenance, and support. These services are mainly outsourced for on-time delivery, reduction of capital expenditure, operating expenses.

The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the second largest market size in 2017.

The security solutions help financial service providers protect their customers, meet government and industry compliance standards, facilitate security auditing, and avoid the damage to reputation caused by data breaches. This sector is continuously upgrading its processing and transaction technologies and requires end-to-end security solutions to optimize operations against both internal and external threats.

North America is expected to have the largest market share in the microsegmentation market during the forecast period.

North America is expected to have the largest market share and dominate the microsegmentation market during the forecast period. The region has the presence of major sustainable and well-established economies who invest substantially in Research and Development (R&D) activities, thereby contributing to the development of new security solutions.

The region comprises countries such as the US and Canada, which are witnessing the significant adoption of microsegmentation solutions. Increase in ransomware attacks on the connected devices, growing usage of security virtualization and cloud computing, and increasing need for security upgradation are some of the major factors driving the growth of the North America market. The ease in regulations and significant government spending has spurred innovations in the region.

The major vendors in the microsegmentation market include VMware (US), Cisco (US), Unisys (US), vArmour (US), Juniper Networks (US), OPAQ Networks (US), ShieldX Networks (US), Cloudvisory (US), Extra Hop (US), GuardiCore (MEA), Bracket Computing (US), illumio (US), Nutanix (US), and August Schell (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports