Micro Segmentation Technology Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Micro Segmentation Technology Market is anticipated to grow at a significant CAGR of 24% during the forecast period. The growing demand for integrated data protection, rise in workload isolation, increasing cyber-attack is major factors that are implemented to drive the market growth of the micro segmentation technology market during the estimated period. The rising urbanization and industrialization with a faster pace is an additional factor that propels the growth of micro segmentation technology market with a significant rise in market trends in estimated duration.

The global micro segmentation technology market is segmented on the basis of component type, security, deployment, organizational size, industry vertical, and region segment. Based on the component type, the market is further categorized as solution and service type. The service type component dominates the market and is expected to hold the largest market size and shares during the forecast period. Based on the security type, the market is additionally segmented into network security, application security, and database security. The highest CAGR and market value were expected to exhibit by the network security segment due to its widespread application for security purpose. In various data centers and clouds, the network security provides consistent security over the network system and allows gaining better visibility and application performance. Besides, on the basis of deployment type, the market was further segmented into- on-premise and cloud. The market was dominated by the cloud segment and projected to raise the market value, size and shares during the forecast period. The increasing adoption of cloud services in an organization for various purposes mainly includes- cyber security concerns, reduced effectiveness, and reliance on antivirus and firewalls over traditional perimeter securities. By industry vertical, the market is segmented into it & telecom, BFSI, retail, energy & utilities, manufacturing, mobile & entertainment, government & defense, healthcare & life science, and others.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-

By Component
By Security Type
By Deployment Type
By Organizational Size
By Industry Vertical
Competitive Landscape- VMware Inc., Juniper Networks Inc., Cisco Systems Corp., Dell Technologies, Extreme Networks Inc., and others.
A full Report of Micro Segmentation Technology Market is Available at: https://www.omrglobal.com/industry-reports/micro-segmentation-technology-market

Micro Segmentation Technology Market Report Segment

By Component

Solutions
Services
By Security Type

Application Security
Network Security
Database Security
By Deployment Type

On-Premise
Cloud
By Organizational Size

Small & Medium Enterprise
Large Enterprise
By Industry Vertical

IT & Telecom
BFSI
Retail
Energy & Utilities
Manufacturing
Mobile & Entertainment
Government & Defense
Healthcare & Life Science
Others
Micro Segmentation Technology Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

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