Microsegmentation Statistics

Microsegmentation Statistics 2023: Facts about Microsegmentation outlines the context of what’s happening in the tech world.

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Top Microsegmentation Statistics 2023

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Microsegmentation “Latest” Statistics

• ICT expenditure in major nations like the U.S. has decreased in the first half of 2020 as a result of the U.S. and worldwide tech market growth slowing down to about 2% , but it is anticipated to increase in the second half.^[1]
• IoT Analytics Research estimates that by 2020, there will be 22,000 million linked devices transmitting data online.^[2]
• The data security council of India said that between 2016 and 2018, India was the second most often hit nation by cyberattacks.^[2]
• For instance, a research by Coherent Market Insights’ found that in the first half of 2019, there were 4,100 million data breaches.^[2]
• For instance, according to Palo Alto Networks Inc, by the end of March 20, more than 40,000 suspiciously registered domain names were found.^[2]
• In terms of value, the North America region owned the biggest portion of the worldwide microsegmentation market in 2019 with a 45.2% share.^[2]
• The market for microsegmentation was assessed at $983.6 Mn in 2019 and is anticipated to grow at a CAGR of 24.9% from 2020 to 2027 to reach $3,032.3 Mn.^[2]
• The microsegmentation market had revenues of USD 576.1 million in 2016 and is anticipated to grow at a compound annual growth rate of 24.9% to reach revenues of USD 2,038.7 million by 2022.^[3]

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How Useful is Microsegmentation

One of the primary benefits of microsegmentation is its ability to provide granular visibility and control over network traffic. By implementing policies at a more detailed level, organizations can ensure that each segment only communicates with approved resources and prevents unauthorized access to sensitive data or critical systems. This level of control is essential in today’s threat landscape, where cyberattacks are becoming increasingly sophisticated and targeted. With microsegmentation, businesses can protect their most valuable assets by restricting access to only those who need it, effectively reducing the risk of insider threats or unauthorized access.

Moreover, microsegmentation is an essential component of a Zero Trust security model, where trust is never assumed, and verification is required for every access request. By segmenting the network and implementing strict access control policies, organizations can enforce the principle of least privilege, granting users and devices only the minimum level of access required to perform their jobs. This approach helps to minimize the potential impact of a breach by containing it within a single segment, preventing lateral movement and limiting the scope of the attack.

Another key advantage of microsegmentation is its ability to improve network performance and scalability. By isolating different types of traffic and prioritizing critical applications, organizations can optimize the use of network resources and reduce congestion. This level of segmentation allows businesses to better manage their network bandwidth and ensure that mission-critical applications receive the necessary resources to function efficiently. Additionally, as organizations grow and expand, microsegmentation can easily scale to accommodate new endpoints, applications, and locations, providing a flexible and adaptable security solution that can evolve with the changing needs of the business.

While the benefits of microsegmentation are numerous, it is essential to recognize that implementing and maintaining a microsegmented network requires careful planning and ongoing management. Organizations must accurately define their segmentation criteria, identify critical assets and access requirements, and create and enforce appropriate security policies. Moreover, regular monitoring and adjustment of these policies are necessary to ensure that they remain effective and aligned with the organization’s security goals.

In conclusion, microsegmentation is a crucial tool for organizations looking to enhance their network security and protect their sensitive data from unauthorized access. By creating virtual boundaries and implementing granular access control policies, businesses can reduce their attack surface, contain potential breaches, and enforce the principle of least privilege. While the implementation and management of microsegmentation may require time and resources, the benefits it offers in terms of visibility, control, performance, and scalability make it a valuable investment for any organization serious about cybersecurity.

Reference

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1. alliedmarketresearch – https://www.alliedmarketresearch.com/micro-segmentation-technology-market-A08595
2. coherentmarketinsights – https://www.coherentmarketinsights.com/market-insight/microsegmentation-market-4235
3. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/microsegmentation-market-213178740.html
4. networkworld – https://www.networkworld.com/article/3247672/what-is-microsegmentation-how-getting-granular-improves-network-security.html