The microsegmentation market is gaining traction, due to the increasing ransomware attacks on connected devices/systems, increasing usage of security virtualization and cloud computing, increase in network connectivity and data theft, and maintaining safe third party access. MarketsandMarkets forecasts the global microsegmentation market size 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.
There are several established players in the microsegmentation market. Some of these players are 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). These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to achieve growth in the global microsegmentation market.
The inorganic strategies adopted by VMware enable it to enhance its product portfolio as well as its customer base and the geographic reach. For instance, in May 2017, VMware and Pivotal Software extended their partnership to integrate VMware SDDC and Pivotal Cloud Foundry to deliver a developer-ready infrastructure. This partnership is helping IT operators get software-defined compute, storage, networking, security, and operational tooling, automated for microservices-based application workloads running in the containers. Moreover, in June 2017, VMware launched significant updates across its VMware vRealize cloud management platform. These updates are focused on improving the Software-Defined Data Center (SDDC) and cloud operations, and accelerating the application and infrastructure service delivery across hybrid clouds. Additionally, the company has enhanced its support for containers and configuration management solutions to ease the moving of applications from dev-test to production.
Juniper’s security services provide end-to-end solutions for the security of data centers. Its services and solutions vary from security appliances, gateways, and software platforms to secure Operating System (OS). In line with its product strategy, Juniper Networks is developing and launching reliable products and services to expand its offerings and accelerate the adoption of its services in the global market. For instance, in August 2017, Juniper Networks launched Contrail Security, a new security and microsegmentation solution, specifically designed to allow enterprises and Software-as-a-Service (SaaS) cloud providers to protect applications from running in multiple cloud environments. Contrail Security uses a microsegmentation model to distribute the enforcement points throughout the cloud. This process offers more visibility into how applications and their components communicate, compared to a perimeter view. It also lets administrators develop and deploy more fine-grained policies based on the application types, potential risks, and other such factors. The company's Contrail Security intends to address the vulnerability of applications distributed across multiple clouds and the shortcomings of perimeter-based security policies.
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
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