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Microsegmentation Market by Component, Security Type, Service, Organization Size, Deployment Type, Vertical And Region - Global Forecast to 2022

Microsegmentation Market: Global Forecast until 2022

  • November 2017
  • 144 pages
  • ID: 5220270
In this report:
In the microsegmentation market, the network security type is expected to dominate the overall market, accounting for ##.##% of the market share in 2017.
The consulting and advisory services segment is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at the highest CAGR of ##.##%.

Summary

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The microsegmentation market is anticipated to rise at a CAGR of 24.90 percent, due to the rise in the ransomware attacks on connected devices, and growing network connectivity and data theft.

The overall microsegmentation market is forecasted to grow from $670.30M in 2017 to $2038.70M by 2022, at a compound annual growth rate of 24.90 percent during the forecast period. Technological improvements, rising ransomware attacks on connected devices, and increasing usage of security virtualization and cloud computing are some of the factors providing to the rise of the overall microsegmentation market. Rise in the network connectivity and data theft, and need for maintaining safe third party access are forecasted to further drive the microsegmentation market increase. High cost of advanced security solutions and limited security budgets are the main factors restricting the rise of the microsegmentation market

The Banking, Financial Services, and Insurance segment is anticipated to grow at the highest compound annual growth rate (CAGR) in the microsegmentation market during the estimate period.

In the Latin American and APAC regions, the BFSI vertical is expected to witness the top compound annual growth rate. This industry is continuously upgrading its processing and transaction technologies, and requires end-to-end security solutions to optimize operations against both internal and external threats. With facilities, including smart banking, internet banking, and mobile banking, the BFSI vertical is required to prioritize on cybersecurity.

The technological advancements in the market have attracted the cybercriminals. The sector is facing severe challenges in maintaining application, info, and network security. The attackers are targeting the BFSI IT infrastructure with viruses, spear phishing, malware, and other cyber-attacks. Therefore, the industry continuously upgrades its security infrastructure

Asia Pacific (APAC) is expected to grow at the maximal rate during the outlook period.

The APAC area is forecast to witness significant increase and is forecasted to be the quickest-increasing area in the the microsegmentation market. Asia-Pacific has witnessed the advanced and dynamic adoption of new technologies, and it has always been a lucrative market. The APAC area is forecast to be one of the quickest-increasing sectors, as the governments in the APAC countries are continuously investing in the industry research and Development of microsegmentation services. Growing IT landscape is boosting the sector in this area. Additionally, the increasing demand for security upgradation and the governments' efforts to standardize security policies are some of the increase drivers for the microsegmentation market.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The breakup of the profiles of the primary participants is like:

• By Organization: Tier 1 - 30 %, Tier 2 - 40.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite - 72.0 percent, D-level - 14.0 percent, and Others - 14.0 percent

• By Area: North America continent - 57.0 percent, Europe (EU) - 14.0 percent, Asia-Pac - 29.0 percent

The microsegmentation market includes different vendors, including VMware, Cisco Systems (NASDAQ:CSCO), Unisys, vArmour, Juniper Networks, OPAQ Networks, Nutanix, Cloudvisory, GuardiCore, ExtraHop, ShieldX Networks, and Bracket Computing.

Segment Research

The market research includes a detailed competitive analysis of the top players in the microsegmentation market together with their company profile, recent evolutions, and key industries strategies. The document breaks down the microsegmentation market by component (software and services), service, security type, deployment type, organization size, vertical, and area.

Why Purchasing This Study Can Help You:

The microsegmentation market has been split on the basis of components (software and services), services, security types, deployment types, organization size, verticals, and territories.

The industry report will facilitate industry top players/new sector entrants in the microsegmentation market in these ways:

1. The global microsegmentation market revenue stream has been estimated based on the revenues of the vendors offering microsegmentation services and solutions. It is inclusive of managed and professional services. Futhermore, professional services include consulting and advisory, training and education, support and maintenance, and design and integration services. The study offers the best approximations of the revenue data for the global market and its sub-segments. The industry numbers are further split into localities.

2. The analysis will facilitate the partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research will facilitate the partners comprehend their players and obtain additional insights to enhance their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions associated to the microsegmentation market.

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