Microsegmentation Market, By Component (Software and Services), By Service (Managed Services and Professional Services), by Security (Network Security, Database Security, and Application Security), By Deployment Type (On-premises and Cloud), By Organizati

Microsegmentation Market, By Component (Software and Services), By Service (Managed Services and Professional Services), by Security (Network Security, Database Security, and Application Security), By Deployment Type (On-premises and Cloud), By Organization Size (SMEs and Large Enterprises), By Vertical (Government & Defense, BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Energy & Utility, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Microsegmentation is a security practice that divides network into segments so that businesses can analyze, monitor, visualize, and control the traffic. In other words, microsegmentation is a security segmentation and this process is used by professionals to break a network into smaller networks in order to keep the overall system secure. The security engineers create zones to isolate data centers, applications, and workload across cloud, on-premise, and hybrid networks. Microsegmentation is gaining popularity due to its operational efficiency. Furthermore, major global players across different regions are focusing on developing new products and services with new features and technologies to gain a competitive edge in the market. Industries are developing securities with new features in order to protect and secure organizational data. For instance, in March 2021, Palo Alto Networks Inc., an American multinational cybersecurity company, and Hong Kong Telecommunications Limited, a Hong Kong-based largest telecommunication company, launched the Endpoint Threat Protection Service. The new online service uses Palo Alto Networks’ Traps technology for endpoint protection of organizations in Hong Kong from sophisticated cyber threats.
Market Dynamics
The global microsegmentation market is expected to grow significantly during the forecast period, owing to the rising popularity of digitization in organizations. Organization databases mainly include sensitive data related to payment cards and financial information. Databases are the primary targets of cybercriminals, which increases the loss of personal and business information. Due to the increasing incidence of data breach and high profile data theft, organizations are planning to detect future threats. For instance, according to Coherent Market Insights’ analysis, the global cybersecurity market reached US$ 121,000 million in 2017 from US$ 3,500 million in 2004. These factors are expected to drive the market growth during the forecast period.
Among vertical, the banking, financial services, and insurance (BFSI) segment is expected to exhibit the highest growth during the forecast period. The security solutions provide support to the financial service provider to protect their data, customers, meet industry & government compliance standards, and avoid damage caused by data breaches. The BFSI vertical is continuously focusing on upgrading its processing and transactional technologies and also require an end-to-end security to minimize operations against both internal and external threats. For instance, in September 2016, healthcare and banking, financial services, and insurance (BFSI) used Microsoft cloud platforms to protect employee data and optimize business processes and models. The demand for cybersecurity solutions is increasing in BFSI vertical due to the rising adoption of smart banking, internet banking, and mobile banking. The industry is facing challenges in maintaining the application, network, and data security. The attackers are targeting these sectors with viruses, malware, and other cyberattacks.

Key features of the study:
This report provides in-depth analysis of global microsegmentation market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global microsegmentation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include 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., Nutanix, and Cloudvisory
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global microsegmentation market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global microsegmentation market
Detailed Segmentation
Global Microsegmentation Market, By Component:
Software
Services
Global Microsegmentation Market, Services:
Managed Services
Professional Services
Global Microsegmentation Market, Security:
Network Security
Database Security
Application Security
Global Microsegmentation Market, Deployment Type:
On-premises
Cloud
Global Microsegmentation Market, Organization Size:
SMEs
Large Enterprises
Global Microsegmentation Market, Vertical:
Government & Defense
BFSI
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utility
Others
Global Microsegmentation Market, By Region:
North America
By Component:
Software
Services
By Services:
Managed
Professional
By Security:
Network Security
Database Security
Application Security
By Deployment:
On-premises
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Government & Defense,
BFSI,
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utility
Others
By Country:
U.S.
Canada
Europe
By Component:
Software
Services
By Services:
Managed
Professional
By Security:
Network Security
Database Security
Application Security
By Deployment:
On-premises
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Government & Defense,
BFSI,
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utility
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Component:
Software
Services
By Services:
Managed
Professional
By Security:
Network Security
Database Security
Application Security
By Deployment:
On-premises
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Government & Defense,
BFSI,
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utility
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Component:
Software
Services
By Services:
Managed
Professional
By Security:
Network Security
Database Security
Application Security
By Deployment:
On-premises
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Government & Defense,
BFSI,
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utility
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
By Component:
Software
Services
By Services:
Managed
Professional
By Security:
Network Security
Database Security
Application Security
By Deployment:
On-premises
Cloud
By Organization Size:
SMEs
Large Enterprises
By Vertical:
Government & Defense,
BFSI,
IT & Telecom
Healthcare
Retail
Manufacturing
Energy & Utility
Others
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
Cisco Systems, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
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.
Nutanix
Cloudvisory
“*” marked represents similar segmentation in other categories in the respective section.