Micro-segmentation Market

Micro-segmentation Market: - An Overview

Micro-segmentation is a security technique that enables fine-grained security policies to be assigned to data center applications, down to the workload level. This approach enables security models to be deployed deep inside a data center, using a virtualized, software-only approach.

Many data center virtualization technology vendors, including Cisco, Nuage, and VMware have been touting the benefits of micro-segmentation as an advantage of network virtualization (NV). Also, VMware has been especially active in making micro-segmentation part of its NV marketing strategy.

The demand for the micro-segmentation is likely to increase to provide boosts in network security because of the notion of persistence. In a physical network environment, networks are tied to specific hardware boxes, and security is often implemented by a hardware-based firewall, which gets access by IP addresses or other security policies.

COVID-19 Impact Analysis

As the global economies are currently facing a critical crisis situation due to the COVID-19 pandemic outbreak. This is also impacting the marketing strategies to consolidate data from silos across the organization into a single comprehensive database with real-time updates across channels, journey contexts and touchpoints.

Historically, the market for micro-segmentation has grown by almost 20% globally in the past 2-3 years. Due to the COVID-19 outbreak, adoption of advanced security technique to incline by nearly 8%-10% in Q2-Q3 2020, which will impact the micro-segmentation market growth positively.

Micro-segmentation Market: - Market Dynamics

Miniaturization of Micro-segmentation is Rising the Demand of Micro-segmentation Market

Micro-segmentation works across containers, virtual machines, micro services, and server less architecture, making it more appealing for cloud-migration focused organizations. This is especially important for security-conscious companies. Creating secure zones across the data center and cloud deployments offers that isolated data-centric granularity needed for zero-trust security.

Moreover, Micro-segmentation decreases the network attack surface area, reducing the risk of an attacker moving inside the network. This factor is increasing the demand for the micro-segmentation market.

Complexity of Software and Lack of Skilled Resources

A major challenge hampering the growth of the global micro-segmentation market is the ever-growing complexity of IT infrastructure, which leads to the need for high-cost skilled resources. The deployment of software, hardware and system integration requires specialized experts who can handle data refining & preparation and build & integrate these models into the application environment.

There is lack of skilled resources with specialized expertise and are relatively expensive to hire. This factor is expected to hamper the adoption of micro-segmentation approach, thus restraining the growth of the market to a certain extent.

Micro-segmentation Market: - Key Players

Key players in the micro-segmentation market are focusing on new product launches, mergers and acquisitions with the technology vendors to offer solutions for sustained business growth. The major players offering micro-segmentation solutions include VMware, Cisco, Unisys, vArmour, Juniper Networks, OPAQ Networks, Nutanix, Cloudvisory, GuardiCore, among others.

Micro-segmentation Market: - Segmentation

By Component	Software Services Professional Services Consulting and Advisory Support and Maintenance Design and Integration Managed Services
By Security Type	Network Security Application Security Database Security Others
By Industry	BFSI IT and Telecom Healthcare Retail Manufacturing Government and Defense Others

Micro-segmentation Market- Report Highlights:

• A detailed overview of parent market of micro-segmentation market
• Changing micro-segmentation market dynamics in the industry
• In-depth segmentation of the micro-segmentation market
• Historical, current, and projected micro-segmentation market size by value
• Recent industry trends and developments in micro-segmentation market
• Competitive landscape of the micro-segmentation market
• Strategies for key players in micro-segmentation and solutions and services offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on micro-segmentation market performance
• Must-have information for micro-segmentation market players to sustain and enhance their market footprint

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