February 19, 2025
Microsegmentation Market
Ict

Microsegmentation Market is Expected to be Flourished by Growth of Cloud Technologies

Microsegmentation is a security solution that divides computing resources such as networks, servers, applications and workloads into logically isolated groups to control communication between them. It allows organizations to create access rules to define communication paths between segments and reduce the risk of lateral movement threats spreading across networks and servers. Microsegmentation involves dividing each component into segregated trust zones based on resource type, function or ownership. During the COVID-19 pandemic, more enterprises have adopted flexible and remote work policies and migrated a large portion of their workloads and applications to cloud environments. This has increased the need for microsegmentation solutions to effectively monitor internal and external access to cloud-based resources from unauthorized devices and users.

The global microsegmentation market is estimated to be valued at US$ 2328.75 in 2023 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

One of the key driver for growth of the microsegmentation market is the increasing adoption of cloud computing technologies across industries. As more organizations utilize hybrid cloud environments, they face challenges related to securing large attack surfaces and isolating workloads from one another. Traditional network security tools are ineffective for dynamic cloud ecosystems that spawn new workloads rapidly. Microsegmentation emerges as an ideal solution to meet the stringent security requirements of hybrid cloud platforms. It allows enterprises to finely control the access paths within cloud infrastructure and prevent compromised workloads and applications from spreading viruses or malware laterally. The market is also driven by the fact that microsegmentation can reduce security risks without hindering operational efficiency. It helps maintain optimum performance of critical services and applications while blocking unauthorized communication between other resources.

Segment Analysis

The global microsegmentation market can be segmented based on component, security type, deployment type, organization size, vertical and geography. Based on component, the market can be bifurcated into services, and software. The software segment is expected to dominate the market and grow at a CAGR of around 27% during the forecast period. This is mainly because software enables organizations to effectively deploy microsegmentation policies across endpoints and applications.

PEST Analysis

Political: Data privacy laws are getting stricter across regions to protect sensitive customer data. This is encouraging organizations to implement microsegmentation to better govern access within their networks.
Economic: Organizations are facing huge financial losses due to security breaches and this is increasing their security budgets. Microsegmentation helps minimize the impact of breaches and is hence seeing higher investment priorities.
Social: With the widespread adoption of digital technologies, the attack surface has expanded drastically. Organizations need advanced network segmentation strategies to protect their infrastructure from sophisticated threats.
Technological: The rapid growth in cloud adoption and mobility has transformed traditional network perimeters. Microsegmentation leverages automation, analytics and metrics to deliver highly agile security that scales with modern infrastructure.

Key Takeaways

The Global Microsegmentation Market Growth is expected to witness high growth at a CAGR of around 25% during the forecast period. The global Microsegmentation Market is estimated to be valued at US$ 2328.75 Mn in 2023 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030.

North America is expected to dominate the market owing to stringent data privacy regulations and increasing investments in network-level security strategies by organizations in the region.

The key players operating in the microsegmentation market are 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.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →