Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Microsegmentation is a security network technique that enables security architect to divide data centers into security segments and reduce individual workload level. This segmentation is used to provide support to security teams to establish control and deliver services for each unique segment of the infrastructure. Security teams are deploying security policies inside data centers using network virtualization technique instead of installing multiple firewalls. Moreover, microsegmentation can also be used to protect virtual machine by installing security application in an enterprise network. Microsegmentation provides many benefits such as reducing risk of cyberattack, improve lateral movement security, implementation of secure policies in data centers & cloud, and improves regulatory compliance posture. Nowadays, cyber security issues have become a major threat for businesses. After analyzing recent threats and cyber security trends, analysts have concluded that huge amount of data breaches have happened from organizations and (IoT) devices. For instance, according to Coherent Market Insights’ analysis, the number of data breaches increased to 4,100 million in the first half of 2019. These factors are expected to facilitate demand for microsegmentation, thereby driving the microsegmentation market growth.

The global microsegmentation market is expected to witness significant growth during the forecast period (2020–2027) due to the adoption of advanced technologies such as internet of things (IoT). Nowadays, companies have large amount of data, which makes it difficult for companies to handle such complex data. Cyber-attacks are increasing due to connectivity through the usage of big data, cloud, social media, and other mobile services. Adoption of social media, cloud, and many other applications have also increased insider threat into networks, which can cause significant loss to the IT industry. For instance, on June 12, 2019, Akamai Technologies launched a Cloud Edge platform that is designed to securely deliver data to connected devices. According to IoT Analytics Research, around 22,000 million connected devices will deliver data across the internet by 2020. Billions of applications such as virtual machines will send trillions of messages, which can pose a challenge for businesses to protect sensitive data and information.

Most of the companies are adopting SaaS (Software as a Service) based applications for security purposes and it has been observed that 35% of the organizations were using this application in 2017. The adoption rate is expected to reach 73% by 2020. For instance, in June 2019, Cipher cloud, a provider of cyber securities solutions, launched a new safety feature in its CipherCloud Zero Trust CASB+ platform, which is used to prevent threats by using data protection techniques. These factors are expected to increase demand for microsegmentation.

The major factor restraining growth of the global microsegmentation market is the high operational and infrastructure cost of installing these services. All companies are migrating to the SaaS or cloud platform in order to protect their data from cyberattacks and this migration will involve time & money investment. Thus, in turn, is expected to hinder growth of the microsegmentation market over the forecast period.

Global Microsegmentation Market - Impact of Coronavirus (Covid-19) Pandemic:

COVID-19 pandemic is expected to drive growth of the market during the forecast period. Due to the Covid-19 pandemic, several industries have witnessed a significant shift in terms of security in their business. There has been a significant impact on the growth of the microsegmentation market. Moreover, several cases of cybercrimes have been observed. Cyber threat has been increasing, as every part of the demographic has searched information related to COVID-19 by using a malicious domain name registered with names such as COVID-19 or coronavirus. For instance, according to Palo Alto Networks Inc., more than 40,000 suspicious registered domain names were identified at the end of March 2020. Moreover, in recent times, the use of identical business email addresses are also used to carry out cyber-attacks. Due to the rise in cyber threats, several organizations are adopting microsegmentation solutions and configuring malware detection, protection, and mitigation strategies.

North America held dominant position in the global microsegmentation market in 2019

Statistics:

North America held dominant position in the global microsegmentation market in 2019, accounting for 45.2% share in terms of value, followed by Europe and Asia Pacific.

Figure 1: Global Microsegmentation Market Share (%), By Region, 2019

Microsegmentation  | Coherent Market Insights

North America is expected to account for the largest market share during the forecast period, owing to the presence of key players in the region such as Palo Alto Networks, Inc., Symantec Corporation, Okta, Inc., Cisco Systems Inc., and Akamai Technologies. Moreover, increased spending on security solutions by large enterprises and SMEs is a major factor driving the market growth. For instance, in May 2020, Cisco Inc. acquired ThousandEyes, Inc., a U.S.-based network intelligence company, for around US$ 1,000 million to provide security to the network. Moreover, the increasing number of stringent policies for maintaining data privacy and security are also contributing to the market growth. For instance, in February, the U.S. government invested US$ 1,740 million in cyber defense in the budget for 2020.

Asia Pacific region is expected to exhibit highest growth during the forecast period, owing to the growing digital connectivity. According to a report by the Data Security Council of India (DSCI), India was the second most cyber-attacks affected country between 2016 and 2018. Furthermore, the average cost for a data breach in India has increased by 7.9% and the average cost per breach rose to US$ 64. The rising adoption of internet of things (IoT) has increased cyber-attacks in the IT industries. For instance, unauthorized access and malicious software updates have increased the risk related to cyber-attacks. These factors are expected to drive demand for microsegmentation solutions to reduce or mitigate these losses.

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Microsegmentation Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 983.6 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 24.9% 2027 Value Projection: US$ 3,032.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • 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
Companies covered:

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

Growth Drivers:
  • Increasing adoption of advanced technologies owing to rising security concerns
  • Increasing cyberattcks
Restraints & Challenges:
  • High operational and maintenance cost
  • Complexity of software and lack of resources

Managed services segment is expected to drive the market growth during the forecast period

Among services, the managed services segment is expected to hold dominant position in the global microsegmentation market during the forecast period. Managed services are adopted by developed countries such as the U.S. and Canada. Managed services play a crucial role in deploying microsegmentation solutions as per client requirement. Managed services include all the queries related to deployment of this solution. Companies are also focusing on strategies such as partnership in order to gain presence in the global market. For instance, in 2019, Commvault announced partnership with IBM Corporation. Through this partnership, IBM customer leveraged Commvault data platform to manage, recover, migrate, and index their data located at on-premises or in cloud.

Figure 2: Global Microsegmentation Market Value (US$ Mn) Analysis and Forecast, 2017 - 2027

Microsegmentation  | Coherent Market Insights

The global microsegmentation market was valued at US$ 983.6 Mn in 2019 and is expected to reach US$ 3,032.3 Mn by 2027 at a CAGR of 24.9% between 2020 and 2027.

Major players operating in the global microsegmentation market 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.

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 2019, 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 (2020– 2027), considering 2019 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Services
      • Market Snippet, By Security
      • Market Snippet, By Deployment Type
      • Market Snippet, By Organization Size
      • Market Snippet, By Vertical
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19 Pandemic
  4. Global Microsegmentation Market, By Component, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Software
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Services
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Microsegmentation Market, By Services, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Managed Services
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Professional Services
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Microsegmentation Market, By Security, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Network Security
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Database Security
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Application Security
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  7. Global Microsegmentation Market, By Deployment Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • On-premises
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Cloud
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  8. Global Microsegmentation Market, By Organization Size, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • SMEs
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Large Enterprises
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  9. Global Microsegmentation Market, By Vertical, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Government & Defense
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • BFSI
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • IT & Telecom
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Retail
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Energy & Utility
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  10. Global Microsegmentation Market, By Region, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Services, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Security, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Deployment Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Services, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Security, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Deployment Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Services, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Security, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Deployment Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Services, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Security, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Deployment Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Component Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Services, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Security, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Deployment Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Vertical, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country/Region, 2019 and 2027 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  11. Competitive Landscape
    • Company Profiles
      • Cisco Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Akamai Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Palo Alto Networks, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Symantec Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Okta, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Forcepoint, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cyxtera Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sophos Group Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Google LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Microsoft, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • VMware Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Trend Micro Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cloudflare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IBM Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fortinet
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Check Point Software Technologies Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Unisys
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • vArmour, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OPAQ Networks, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ExtraHop Networks
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ShieldX
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bracket Computing Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Nutanix
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cloudvisory
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  12. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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Frequently Asked Questions

The global microsegmentation market is expected to reach US$ 3,032.3 million by 2027.
The market is expected to witness a CAGR of 24.9% during the forecast period (2020-2027).
The growing security concerns and awareness about security devices is expected to drive growth of the microsegmentation market during the forecast period.
The BFSI segment held the largest market share among verticals, contributing 37.2% in terms of value in 2019.
North America region held the largest share in the global microsegmentation market in 2019, accounting for 45.2% share in terms of value.
Key players operating in the global microsegmentation market 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.
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