A statistical report on the global microsegmentation market has recently been released by Alchemy Market Research to its humongous database. The global microsegmentation market size valued at US$ 1 billion in 2020 and projected to reach US$ 6.63 billion at a CAGR of 23.4 % over the forecast period. This informative market research report offers a clear understanding of the global microsegmentation market by providing information on different aspects such as recent market trends, global market size, technological advancements, global market shares, application, driving factors, challenges, global growth opportunities, analysis of major geographies and key players. Moreover, it presents data on all-inclusive study material including informative data to make further decisions as well as to plan the strategy of the global businesses. Collectively, this informative report helps in making well informed strategic business decisions in the businesses.
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Following factors are supporting or encouraging the global microsegmentation market growth:
The increasing presence of sustainable and well-established economies in developed regions such as the U.S. and Canada, who invest heavily in Research and Development (R&D) activities and contribute to the development of innovative technologies. Furthermore, growing digitization in large organizations has aided the growth of the global microsegmentation market. Furthermore, increasing demand for micro-segmentation solutions is growing rapidly across the global enterprises Thus growth in SME’s will create plenty of opportunities for the microsegmentation market over the forecast period.
The comprehensive analysis of the global microsegmentation market includes an in-depth assessment of the competitive landscape of the market. Furthermore, the global informative report incorporates an analysis of the recent key developments in the market and plans of the different enterprises to understand the course of the players over the forecast period. The global informative report provides vital information about the leading companies, such as financial overview and business overview. North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe have been analyzed based on several static and dynamic aspects.
Driving Factors:
- Micro-segmentation is especially important for security-conscious companies. It creates secure zones across the data center and cloud deployments offer that isolated data-centric granularity needed for zero-trust security. An important use of Micro-segmentation has decreased network attack surface area, also it reducing the risk of an attacker moving inside the network. This factor is increasing the demand for the micro-segmentation market.
- Everyone using applications hence rising demand for applications usage, mobile devices, and connected devices are driving the global micro-segmentation market.
- In networking posing a threat to data storage within the network because the rate of cyber attacks is increased in-network. The adoption rate of multi-cloud and virtual data centers is increasing within organizations; this is another factor that is driving the market of micro-segmentation solutions.
- In government, sectors have huge growth opportunities for the micro-segmentation market for increasing their security protocols. Also instead of the government sector, the market has tremendous growth opportunities in the retail, healthcare, media, and entertainment sector to drive the market.
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Regional Insights:
- The global microsegmentation market has been studied into different global market regions such as North America, Asia-Pacific, Africa, and Europe, Latin America, and the Middle East by analyzing various perspectives and lists of global market segments.
- In North America increasing the number of data centers and developing IT infrastructure hence there is the high growth of micro-segmentation solutions in this region.
- North America has well-established economies that invest heavily in Research and Development (R&D) activities and develop new technologies. Also increasing digitization in large organizations has boosted the microsegmentation market in North America .as well as increased requirements of storage in the U.S. for this purpose they need new data centers and their security. The advanced security solutions and improved data functionality are expected to boosting the microsegmentation market in this region.
- Asia Pacific adopting new technologies and governments in the APAC continuously investing in the R&D of microsegmentation services. Increasing demand for security up-gradation and the governments’ efforts for security policies are some of the growth drivers for the market in the APAC region.
Alchemy Market Research Profiling the Leading Key Players Functioning In the Microsegmentation Market:
- Bracket Computing
- Cisco Systems
- Opaq Networks
- Shields Networks
- Guardicore
- Juniper Networks
- Nutanix
- Unisys Pvt Ltd
- Cloudvisory LLC
- Extrahop Networks
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