27 May 2019, Global micro-segmentation
solutions market is projected to grow significantly in the forecast
period owing to its increasing applications in mobile and connected devices.
Micro-segmentation is a security practice that integrates security into virtual
network without hardware-based firewall. Micro-segmentation reduces increasing
hardware prices, curbs firewall rule sprawl, improves performance efficiency of
network, caters needs of departments & line of business (LOBs) and helps in
forecasting.
The factors that driving market are growing rate of cyber-attacks, which
is a threat for data storage in the network. Adoption of virtual and
multi-cloud data centers is growing with the number of organizations and
impelling micro-segmentation solutions market. Moreover, the benefit of
reducing security budget is accelerating the demand for more efficient
micro-segmentation solutions. However, market is restrained by complicated
mechanism for secured micro-segmentation solutions.
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Governments are sluggishly adopting micro-segmentation
solutions technology for enhancing security protocols. Besides, micro-segmentation
solutions market is witnessing remarkable growth opportunities in retail,
healthcare, and media & entertainment sector since they are being adopted
at a good pace, thereby boosting micro segmentation solutions market. Another
trend affecting micro segmentation solutions market is the increasing
application of cloud-based technology.
The market is categorized on the basis of component,
deployment, industry vertical and geography. On the basis of component, market
is divided into software, hardware, and services. Services segment is expected
to hold larger share of the market owing to its increasing adoption. Based on
deployment, market is divided into on premise and cloud. Cloud segment is
further classified into private, public and hybrid. Cloud based segment is
expected to lead the market owing to its increasing applications.
In terms of industry vertical, market is split into
telecommunications, Banking, Financial Services and Insurance (BFSI),
government, retail, healthcare, education, media & entertainment and
others. Banking, Financial Services and Insurance BFSI segment is expected to
lead the market owing to constant technological innovations required to meet
demands from different sectors.
Geographically, market is segmented as North America,
Europe, Asia Pacific and Middle East & Africa. Owing to the developing IT
infrastructure and growing number of data centers, North America followed by
Asia Pacific is expected to dominate micro-segmentation solutions market in
the years to come. The major players in this market are vArmour, Cisco, Vmware,
Juniper Networks, and Unisys.
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