Microsegmentation Market Overview, Insights, Analysis during Forecast period 2020-2027

 

Microsegmentation Market

Data centres can be divided into security segments using the security network approach known as microsegmentation, which also lowers individual workload levels. This segmentation helps security teams establish control and supply services for each distinct area of the infrastructure by supporting them in doing so. Instead of erecting numerous firewalls, security teams are implementing security standards inside data centres utilising network virtualization technology. Additionally, virtual machines can be protected via microsegmentation by installing security software on an enterprise network. Numerous advantages of microsegmentation include lowering the danger of cyberattack, enhancing lateral movement security, implementing safe policies in data centres and the cloud, and enhancing regulatory compliance posture.

Issues with cyber security are now a significant risk for enterprises. Analysts have found that a significant number of data breaches have occurred from businesses and (IoT) devices after reviewing current threats and cyber security trends. For instance, evidence by Coherent Market Insights indicates that in the first half of 2019, there were 4,100 million data breaches. These elements are anticipated to encourage demand for microsegmentation, consequently fueling the expansion of the microsegmentation market. Due to the use of cutting-edge technologies like the internet of things, the worldwide microsegmentation market is anticipated to experience considerable expansion during the forecast period (2020–2027). (IoT). Companies today deal with a lot of data, which makes it challenging for them to manage such complicated data.

The global Microsegmentation Market is expected to reach US$ 3,032.3 million by 2027.

Due to connectivity brought on by the use of big data, the cloud, social media, and other mobile services, cyberattacks are growing. Adoption of social media, cloud computing, and numerous other applications has also raised insider danger to networks, which can cost the IT industry a lot of money. As an illustration, on June 12, 2019, Akamai Technologies unveiled the Cloud Edge platform, which aims to provide data to connected devices in a secure manner. By 2020, there will be almost 22,000 million linked devices that will transmit data over the internet, according to IoT Analytics Research. It can be difficult for enterprises to protect sensitive data and information since trillions of messages will be sent by billions of apps, including virtual machines.

For security reasons, the majority of businesses are implementing SaaS (Software as a Service)-based apps, with 35% of businesses employing them in 2017. By 2020, the adoption rate is anticipated to be 73%. For instance, in June 2019, Cipher Cloud, a provider of cyber security solutions, unveiled a new safety feature in its CipherCloud Zero Trust CASB+ platform, which uses data protection techniques to stop threats. The need for microsegmentation is predicted to rise as a result of these considerations.

 

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