Microsegmentation Market: Know About Technology Advancements by 2017-2022 with VMware, Cisco, Unisys, vArmour, Juniper Networks, OPAQ Networks

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The Global Microsegmentation Market is expected to grow from US$ 670.3 Million in 2017 to US$ 2,038.7 Million by 2022, at a CAGR of 24.9% during the forecast period. Technological advancements, increasing ransom ware attacks on connected devices, and growing usage of security virtualization and cloud computing are some of the factors contributing to the growth of the global microsegmentation market.

In the Latin American and APAC regions, the BFSI vertical is expected to witness the highest CAGR. This sector is continuously upgrading its processing and transaction technologies, and requires end-to-end security solutions to optimize operations against both internal and external threats. With facilities, such as smart banking, internet banking, and mobile banking, the BFSI vertical is required to prioritize on cyber security.

“Asia Pacific (APAC)is projected to grow at the highest rate during the forecast period.”
The APAC region is expected to witness significant growth and is projected to be the fastest-growing region in the the microsegmentation market. APAC has witnessed the advanced and dynamic adoption of new technologies, and it has always been a lucrative market. The APAC region is expected to be one of the fastest-growing markets, as the governments in the APAC countries are continuously investing in the Research and Development (R&D) of microsegmentation services.

The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
• By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
• By Region: North America – 57%, Europe – 14%, APAC – 29%

Study Objectives:
The main objective of the report is to define, describe, and forecast the microsegmentation market size on the basis of components (software and services), services, security types, deployment types, organization size, verticals, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the microsegmentation market. The report attempts to forecast the market size of the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

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Top Key Players in the “Microsegmentation Market” include are VMware (US), Cisco (US), Unisys (US), vArmour (US), Juniper Networks (US), OPAQ Networks (US), Nutanix (US), Cloudvisory (US), GuardiCore (Israel), ExtraHop (US), ShieldX Networks (US), and Bracket Computing (US).

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