Market Restraint
Most companies are adopting SaaS (Software as a Service) based applications for security purposes and it has been observed that 35% of the organizations were using this application in 2017. The adoption rate is expected to reach 73% by 2020. For instance, in June 2019, Cipher cloud, a provider of cyber securities solutions, launched a new safety feature in its CipherCloud Zero Trust CASB+ platform, which is used to prevent threats by using data protection techniques. These factors are expected to increase demand for microsegmentation.
The major factor restraining the growth of the global microsegmentation market is the high operational and infrastructure cost of installing these services. All companies are migrating to the SaaS or cloud platform in order to protect their data from cyberattacks and this migration will involve time & money investment. Thus, in turn, is expected to hinder the growth of the microsegmentation market over the forecast period.
Microsegmentation Market Report Snapshots
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