Microsegmentation Statistics


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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

The concept behind microsegmentation is simple yet powerful. By creating micro-perimeters around individual assets or applications, organizations can control the traffic flow between different network segments more effectively. This means that even if a threat actor manages to breach one segment of the network, they will be stuck there and unable to move laterally to other parts of the network. This can effectively limit the damage that a cyber attack can cause and prevent a potential data breach from escalating to a full-blown catastrophe.

In addition to enhancing network segmentation, microsegmentation also allows organizations to enforce more granular access controls. Instead of having to rely on broad, one-size-fits-all network policies, organizations can tailor access controls to specific applications or users. This means that employees only have access to the resources they need to do their job, reducing the risk of unauthorized access and data leakage.

Furthermore, microsegmentation can also help organizations achieve compliance with industry regulations such as GDPR or PCI DSS. By controlling access to sensitive data on a per-segment basis, organizations can limit the reach of potential data breaches and ensure that they are in compliance with regulatory requirements. This can save organizations significant time and resources when it comes to audit and compliance activities.

Despite the promise of microsegmentation, it is not a one-size-fits-all solution. Implementing and maintaining a microsegmentation strategy can be complex and resource-intensive, requiring organizations to have a good understanding of their network architecture and the applications running on it. Additionally, organizations may need to invest in specialized tools and technologies to effectively monitor and manage their microsegments. Without proper planning and execution, microsegmentation can quickly become a liability rather than an asset.

Furthermore, while microsegmentation can enhance network security, it is not a silver bullet that can guarantee protection against all cyber threats. Hackers are constantly evolving their tactics and techniques, and organizations need to be vigilant and adaptive in their cybersecurity strategies. Microsegmentation should be seen as part of a layered approach to cybersecurity, complementing other security measures such as endpoint protection, intrusion detection, and security awareness training.

In conclusion, microsegmentation is a valuable tool in the cybersecurity arsenal, offering organizations a way to enhance their network security and better protect sensitive data. However, it is not a panacea, and organizations need to carefully consider their specific needs and capabilities before implementing a microsegmentation strategy. When implemented correctly, microsegmentation can be a game-changer in enhancing network security and mitigating cyber risks.

Reference


  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

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