Microsegmentation refers to a network security strategy that logically separates infrastructure components and restricts communication between them. It evaluates security at a more granular level by focusing on individual workloads instead of grouping all resources together under traditional VLANs or subnets. Microsegmentation allows organizations to more effectively limit the spread of malware or risks from compromised credentials.
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, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The opportunity to enhance security and privacy standards is expected to drive the microsegmentation market growth over the forecast period. With the ever-increasing cyber threats, it has become crucial for organizations to adopt strong security strategies that can prevent the lateral movement of threats within the network. Microsegmentation fulfills this need by creating tightly controlled communication channels between workloads so that even if one device is compromised, the threat's access and impact area remains confined. It enforces security at the application level by monitoring traffic patterns continuously and blocking any abnormal communication. This enhances visibility, reduces complexity, and establishes highly targeted access controls. With data protection regulations becoming more stringent globally, microsegmentation ensures compliance by restricting access to sensitive data and meeting privacy standards.
Porter's Analysis
Threat of new entrants: New entrants face high barriers as the market requires large investments in R&D and new technologies. The loyalty of existing customers towards established brands also poses a challenge.
Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of multiple vendors providing differentiated microsegmentation solutions. However, changing technologies pose switching costs.
Bargaining power of suppliers: Software and technology vendors that provide microsegmentation platforms wield significant power over solution providers.
Threat of new substitutes: Substitutes like network access control pose a mild threat as they provide basic security and do not offer granular access control like microsegmentation.
Competitive rivalry: Intense competition exists among key players to gain market share through innovation and partnerships.
SWOT Analysis
Strength: Microsegmentation offers granular visibility and control over network access. It prevents lateral movement of threats and improves compliance.
Weakness: Initial implementation costs are high. Limited IT skills and complexity of rules-based policies pose challenges.
Opportunity: Growing digital transformation and remote working trends drive demand for zero trust network access and microsegmentation solutions.
Threats: Integration issues with legacy systems. Vulnerabilities in existing network infrastructure remain exploitable.
Key Takeaways
The global Microsegmentation market is expected to witness high growth over the forecast period owing to increased spending on network-level security solutions. 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 currently dominates the market due to stringent compliance mandates and early adoption of advanced technologies among enterprises. The risingBYOD and mobile workforce trends have further boosted demand. The Asia Pacific region is projected to grow at the fastest pace during the forecast period attributed to growing digitalization and increased focus of enterprises on cloud security. China, India, and other Asian countries now account for over 30% of the global microsegmentation market and offer lucrative opportunities.
Key players: 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., and Nutanix. These major providers are focusing on partnerships, acquisitions, and product innovations to consolidate their market presence.
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Microsegmentation allows users to automatically assign workloads to various applications within a data center.
This new approach to automation enables the easy creation of workload assignments in an environment with simplified monitoring capabilities.
One main advantage of micro-segmenting is its integration with VDI/DVDS.
It also reduces the need for expensive VDI based or otherwise server-side applications that may be slower than their remote counterparts.
With the use of VDI/DVDS, control of the virtualized workload level is easier.
By combining VDI and microsegmentation, the administrator can effectively isolate tasks for higher performance and throughput.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
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Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
According to new market research report on "Microsegmentation Market by Component (Software and Services),Security Type (Network Security, Database Security, and Application Security), Service, Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2022",The global microsegmentation market size is expected to grow from USD 670.3 Million in 2017 to USD 2,038.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period.
The major factors driving the growth of the microsegmentation market include increase in network connectivity and data theft, and maintaining safe third-party access.Browse and in-depth TOC on “Microsegmentation Market” 85 - Tables 43 - Figures 142 - Pages Ask For PDF @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213178740The counseling and warning administrations section is required to have the biggest market measure in the microsegmentation market amid the gauge time frame.Counseling and warning administrations assume a huge job in accomplishing the zero trust security display through microsegmentation.
They give key bits of knowledge to the operational, authoritative, and innovative change to different verticals relying on their necessities.
In addition, these administrations offer an imaginative administration layer structure to help set up a cutting edge security design.The oversaw administrations section is relied upon to develop at the most elevated CAGR amid the gauge time frame.Overseen administrations are in effect quickly embraced by created nations, for example, the US and Canada.
Overseen administrations incorporate all the pre-and post-organization questions and needs of the clients.
These administrations may incorporate arranging, structuring, testing, coordination, upkeep, and backing.
