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The micro-segmentation solutions market share is expected to increase to USD 3.61 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 28.04%.
This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (services and software) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The market report also offers information on several market vendors, including AlgoSec Inc., Arista Networks Inc., August Schell, Cisco Systems Inc., Cloudvisory LLC, ColorTokens Inc., Dell International Services India Pvt. Ltd., ExtraHop Networks Inc., Extreme Networks Inc., FireEye Inc., Fortinet Inc., Guardicore Ltd., Hewlett Packard Enterprise Co., Huawei technologies Co. Ltd., Illumioa Inc., Juniper Networks Inc., Nutanix Inc., Unisys Corp., Varmour Networks Inc., and VMware Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising number of cyberattacks on connected devices or systems is notably driving the market growth, although factors such as interoperability issues associated with micro-segmentation solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the micro-segmentation solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Micro-segmentation Solutions Market Driver
Key Micro-segmentation Solutions Market Trend
Key Micro-segmentation Solutions Market Challenge
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market's growth will originate from North America during the forecast period. The US is the key market for micro-segmentation solutions in North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and the MEA.
The significant increase in the investment in IT security owing to rising security concerns of enterprises across industries in the US and Canada will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the market in North America faced minimal setbacks due to the COVID-19 pandemic. In the first half of 2020, most end-users halted their operations, and businesses opted for remote working models. Shifting to remote working models requires extensive cybersecurity, as endpoint network security is at risk or vulnerable. With remote working conditions expected to continue for several businesses in 2021, the demand for micro-segmentation solutions is expected to increase during the forecast period.
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The market share growth by the services segment will be significant during the forecast period. The growth is attributed to the growing investments of enterprises in managed and professional services to enhance their security controls.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
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Micro-segmentation Solutions Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28.04% |
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Market growth 2022-2026 |
$ 3.61 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
27.22 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 43% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AlgoSec Inc., Arista Networks Inc., August Schell, Cisco Systems Inc., Cloudvisory LLC, ColorTokens Inc., Dell International Services India Pvt. Ltd., ExtraHop Networks Inc., Extreme Networks Inc., FireEye Inc., Fortinet Inc., Guardicore Ltd., Hewlett Packard Enterprise Co., Huawei technologies Co. Ltd., Illumioa Inc., Juniper Networks Inc., Nutanix Inc., Unisys Corp., Varmour Networks Inc., and VMware Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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