Global Micro-Segmentation Market Size, Share, and Trends Analysis Report, By Type (Network Security, Database Security, and Application Security), and By Application (Government, Financial Services, Communication, Health Care, Retail, Manufacturing, Energy, and Others), Forecast (2022-2028)

The micro-segmentation market is anticipated to grow at a significant CAGR of 16.2% during the forecast period (2022-2028). Micro-segmentation is a means of isolating and securing workloads in data centers and cloud environments by dividing them into zones. Micro-segmentation has the advantage of integrating security directly into a virtualized workload without the need for a hardware-based firewall. A virtual machine (VM), operating system (OS), or other virtual security targets can be synchronized with policies. As a result, security models may be deployed utilizing a virtualized, software-only method deep inside a data center. The growth of the market is being driven by rising demand for integrated data protection and workload isolation, rising cyber-attacks around the globe, and growing awareness of the benefits of micro-segmentation, such as reduced attack surface, improved lateral movement security, secured critical applications, and improved regulatory compliance posture.

 

The global micro-segmentation market is segmented based on type and application. Based on the type, the market is sub-segmented into network security, database security, and application security. Based on the application, the market is sub-segmented into government, financial services, communication, health care, retail, manufacturing, energy, and others. Among these applications, the government segment is expected to propel the growth of the market. Government institutions can use micro-segmentation to protect their data from outside attacks. They can manage who can access what type of information and prevent unauthorized users from obtaining sensitive data by segmenting their networks. For government entities that handle classified information or work with sensitive data sets, this level of protection is very crucial. Micro-segmentation may also be used to keep distinct areas of a network separate from one another.

 

The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021, ColorTokens Inc. launched Xshield 2.0, the most recent version of their award-winning Xshield solution, which is part of the Xtended ZeroTrustTM Platform. Large companies can speed their micro-segmentation journey, expand with ease, and secure their workloads across a dispersed hybrid infrastructure with the latest developments in Xshield 2.0.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- VMware Inc., Juniper Networks Inc., Cisco Systems Corp., Unisys Corp., Hewlett Packard Enterprise Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., and Microsoft Corp., among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Micro-Segmentation Market Report by Segment

By Type

• Network Security
• Database Security
• Application Security

By Application

• Government
• Financial Services
• Communication
• Health Care
• Retail
• Manufacturing
• Energy
• Others

 

Global Micro-Segmentation Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa