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, Micro-segmentation Market is segmented into-
By Security Type, Micro-segmentation Market is segmented into-
By Industry, Micro-segmentation Market is segmented into-
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global micro-segmentation market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with micro-segmentation market attractiveness as per segments. The report on micro-segmentation market also maps the qualitative impact of various factors on micro-segmentation market segments and geographies.
Micro-segmentation Market- Report Highlights: