Global Microsegmentation Market By Component, By Security Type, By Deployment Mode, By Organization Size, By End User Industry, By Company, By Region, Forecast & Opportunities, 2025
Global Microsegmentation Market By Component (Solution v/s Service), By Security Type (Network Security, Database Security, End User Industry Security), By Deployment Mode (On-Premise v/s Cloud), By Organization Size (Large Enterprises v/s SMEs), By End User Industry (BFSI, IT & Telecommunication, Government & Defense, Healthcare, Manufacturing, Retail, Energy & Utilities, Others), By Company, By Region, Forecast & Opportunities, 2025
NEW YORK, June 25, 2020 /PRNewswire/ --
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Global microsegmentation market is expected to grow at a robust rate of around 20% during the forecast period.The global microsegmentation market is driven by the growing cyber security and data protection concerns.
Additionally, increased adoption of advanced technologies such as cloud computing, security virtualization coupled with the launch of software & services by the major vendors operating in the market is expected to create lucrative opportunities for the market growth through 2025.Furthermore, the sudden outbreak of pandemic COVID-19 disease has shut down the working of major organizations across the world.
This has made the organizations work remotely and has increased the threat of cyber attacks and data thefts.This in turn requires efficient cyber security and data protection solutions thereby propelling the market.
However, high cost of advanced security solutions can hamper the market growth over the next few years. Besides, adhering to data security standards and norms can further restrict the market growth during the forecast period.
The global microsegmentation market is segmented based on component, security type, deployment mode, organization size, end user industry, company and region.Based on deployment mode, the market can be bifurcated into on-premise and cloud.
The cloud segment is expected to dominate the market during the forecast period on account of the benefits associated with cloud such as affordability, scalability, flexibility, 24/7 availability, large storage space, auto-update feature, among others.Based on organization size, the market can be split into large enterprises and SMEs.
The large enterprises segment is expected to dominate the market owing to the increasing digitization in large enterprises.
Regionally, the microsegmentation market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa.Among these regions, North America is expected to dominate the overall microsegmentation market owing to the early adoption of technologies and presence of major players operating in the market in the region.
While, Asia Pacific is expected to register significant growth in the market owing to the increasing investment on R&D by the governments operating in the region especially in India and China.
The major players operating in the microsegmentation market VMware, Inc., Cisco Systems, Inc., Unisys Corporation, vArmour Networks, Inc., Juniper Networks, OPAQ Networks, Inc., Nutanix, Cloudvisory, ExtraHop Networks, Inc., ShieldX Networks and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To analyze and estimate the market size of global microsegmentation market from 2015 to 2018.
• To estimate and forecast the market size of global microsegmentation market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast global Microsegmentation market based on component, security type, deployment mode, organization size, end user industry, company and regional distribution.
• To identify dominant region or segment in the global microsegmentation market.
• To identify drivers and challenges for global microsegmentation market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global microsegmentation market.
• To identify and analyze the profile of leading players operating in global microsegmentation market.
• To identify key sustainable strategies adopted by market players in global microsegmentation market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global microsegmentation market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Microsegmentation service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to microsegmentation
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global microsegmentation market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Microsegmentation Market, By Component:
o Solution
o Service
- Professional
- Managed
• Global Microsegmentation Market, By Security Type:
o Network Security
o Database Security
o Application Security
• Global Microsegmentation Market, By Deployment Mode:
o On-Premise
o Cloud
• Global Microsegmentation Market, By Organization Size:
o Large Enterprises
o SMEs
• Global Microsegmentation Market, By End User Industry:
o BFSI
o IT & Telecommunication
o Government & Defense
o Healthcare
o Manufacturing
o Retail
o Energy & Utilities
o Others
• Global Microsegmentation Market, By Region:
o North America
- United States
- Canada
- Mexico
o Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
o Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
o Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
o South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global microsegmentation market.
Available Customizations:
With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
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