Microsegmentation is the practice of implementing controls to explicitly allow or deny communication and connections between microperimeters such as applications, servers, privileged accounts, and infrastructure components of an IT environment. Microsegmentation facilitates enhanced visibility and granular control over lateral movement by segmenting infrastructure and systems into secure zones that enforce granular network and application connectivity based on business needs. Microsegmentation enables organizations to create highly distributed and segmented zones that allow movement only between designated components while completely blocking lateral movement.

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 Dynamics:
Rising cyberattacks is one of the key drivers estimated to boost the growth of the microsegmentation market during the forecast period. According to the Center for Strategic and International Studies, cybercrime now costs the global economy over $600 billion annually. Microsegmentation significantly reduces the attack surface of an organization's infrastructure by dividing it into secure zones. Even if cyber attackers gain entry through a compromised account or device, microsegmentation will prevent lateral movement within the segmented zones. This significantly minimizes the impact of cyberattacks and data breaches. The increasing adoption of cloud computing platforms has also fuelled the need for microsegmentation as it enhances security capabilities of hybrid and multi-cloud environments. Organizations across industries are increasingly implementing microsegmentation strategies to gain robust security posture against rising sophisticated cyber threats.

SWOT Analysis

Strength: Microsegmentation provides greater network security by isolating workloads and restricting lateral movement of threats within an organization's infrastructure. It allows granular access controls and protects critical systems from unauthorized access. By virtue of its ability to enforce security policies at the workload-level, microsegmentation can effectively prevent the spread of malware and data exfiltration.

Weakness: Implementing a comprehensive microsegmentation strategy requires significant upfront planning and design. The complex network architecture and policies need to be carefully defined. Any misconfiguration can potentially lead to unintended access restrictions or vulnerabilities. Additionally, it may not be feasible to retrofit legacy applications for microsegmentation overnight.

Opportunity: As hybrid work models become pervasive, the attack surface of organizations is expanding exponentially. Microsegmentation offers a way to secure applications irrespective of user locations. It helps enforce the principle of least privilege and zero trust at the network level. There is growing demand from industries like government, healthcare and financial services to adopt microsegmentation for achieving compliance with regulations.

Threats: Macro-trends like cloud adoption, mobility, and IoT proliferation are challenging traditional network security models. While microsegmentation provides benefits, it may not alone counter advanced threats leveraging zero-day vulnerabilities and human element risks. Adversaries are developing new techniques like tunneling and encrypted communications to bypass existing segmentation policies. Maintaining visibility and control as the architecture scales will be an ongoing challenge.

Key Takeaways

The Global Microsegmentation Market Growth is expected to witness high growth over the forecast period driven by the increasing cyber attack sophistication and rising compliance requirements. 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 owing to stringent regulations and early adoption amongst organizations to secure hybrid infrastructure and applications.

Regional analysis: The North American region holds the highest market share currently primarily due to early adoption by organizations to secure their expanding attack surface and meet regulatory mandates like GDPR, HIPAA, PCI DSS etc. The Asia Pacific region is expected to grow at the fastest rate during the forecast period led by growing digitization across industries in major countries like India, China and investments in cybersecurity by governments to strengthen national security postures.

Key players: Key players operating in the microsegmentation market include 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., Nutanix, and Cloudvisory.

 

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