Zero Trust Security Market: By Component, By Deployment Model, By Enterprise Size, By Authentication, By Industry Vertical, and Geography

Zero Trust Security Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Solution, Services), By Deployment Model (On-premises, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Authentication (Single-factor Authentication, Multi-factor Authentication), By Industry Vertical (Manufacturing, Healthcare, Retail, Energy and Utilities, BFSI, Government, IT and Telecom), and Region

Zero Trust Security Market size was valued at US$ 21,673.9 million in 2023 and is poised to grow at a significant CAGR of 19.5% from 2024-2030. Zero-trust security is a new sort of cyber-security that operates on the zero-trust concept. Before joining the secure network, each insider and outsider is required to give valid authentication. The rising frequency of targeted cyber-attacks, as well as increased laws for data protection and information security, are some of the primary factors driving the zero-trust security industry. During the forecast period, the growing demand for cloud-based zero-trust security solutions among SMEs would present possibilities for the zero-trust security market. Based on the deployment model the zero-trust security market is segmented into on-premises and cloud.

The cloud segment is anticipated to grow at a significant CAGR over the forecast years owing to the growing usage of cloud technology across businesses drives the demand for zero-trust cloud security. The retail, information technology, telecommunications, healthcare, and industrial industries are increasingly transitioning to cloud infrastructure because it enables more agility and scalability while being less expensive to operate. However, the threat to data presented by unauthorized access to the public cloud has influenced the rate of cloud infrastructure adoption. To achieve a smooth transition and multi-layered protection, organizations going to the cloud with security use zero-trust security. This is likely to fuel segment expansion throughout the projection period. The rise in cybercrime, internal data breaches, the proliferation of endpoint devices, and the increased usage of cloud technologies are key drivers driving the growth of the zero-trust security market.

Zero Trust Security Market Key Developments:

  • In October 2021, the Akamai acquired Guardicore. Guardicore's leading micro-segmentation products will be added to Akamai's comprehensive portfolio of Zero Trust solutions for safeguarding the critical assets at the core of the network.

Zero Trust Security Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

19.5%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Zero Trust Security Market Dynamics

The increasing use of cloud technologies and endpoint devices in companies has increased the demand for a zero-trust security architecture. As company IT infrastructures become more complex, the potential of internal breaches and external assaults due to illegal access has grown over time. To address this risk, market security suppliers focus on providing zero trust security principles through the combination of security solutions and services in a model, hence adding several tiers of authentication to access a device or network. With the emergence of Artificial Intelligence (AI), Machine Learning (ML), IoT, blockchain, and BYOD, the number of devices that use the cloud for data transit and storage has skyrocketed.

Furthermore, IoT and AI-enabled linked devices continually capture and store data on the cloud, making them vulnerable to hackers. As a result, security companies have begun to emphasise the use of zero trust models for a robust and holistically safe IT system. Many suppliers are also concentrating on increasing endpoint security in preparation for the digital revenue model. Over 160 organisations claim to offer specific solutions or the entire framework for implementing the zero-trust security paradigm as cyber security players transform into zero trust security vendors.

Zero Trust Security Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 21,673.9 million

Market CAGR

19.5%

By Component

  • Solution
  • Services

By Deployment Model

  • On-premises
  • Cloud

By Enterprise Size

  • Large Enterprises
  • SMEs

By Authentication

  • Single-factor Authentication,
  • Multi-factor Authentication

By Industry Vertical

  • Manufacturing,
  • Healthcare,
  • Retail,
  • Energy and Utilities,
  • BFSI,
  • Government,
  • IT and Telecom

Key Features of the Report

  • The zero trust security market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The zero trust security market size was valued at US$ 21,673.9 million in 2023 and is expected to grow at a significant CAGR of 19.5% from 2024 to 2030.

Cisco Systems Inc. (US), Akamai Technologies (US), Palo Alto Networks (US), Okta Inc. (US), Check Point Software Technologies (US), Trend Micro Inc. (Japan), IBM Corporation (US), Symantec Corporation (US)

North America  is the fastest-growing region for zero trust security market

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1.Executive Summary
2.Global Zero Trust Security Market Introduction 
2.1.Global Zero Trust Security Market  - Taxonomy
2.2.Global Zero Trust Security Market  - Definitions
2.2.1.Product Type
2.2.2.Deployment Model
2.2.3.End User
2.2.4.Authentication
2.2.5.Industry Vertical
2.2.6.Region
3.Global Zero Trust Security Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Zero Trust Security Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Zero Trust Security Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Solution
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Services
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Zero Trust Security Market  By Deployment Model, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. On-premises
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cloud
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Zero Trust Security Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Large Enterprises
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. SMEs
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Zero Trust Security Market  By Authentication, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Single-factor Authentication,
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Multi-factor Authentication
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
9.Global Zero Trust Security Market  By Industry Vertical, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Manufacturing,
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Healthcare
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Retail,
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Energy and Utilities
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2022 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. BFSI
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2022 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
9.6. Government
9.6.1. Market Analysis, 2019 - 2023 and Forecast, 2022 - 2030, (Sales Value USD Million)
9.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.6.3. Market Opportunity Analysis 
9.7.  IT and Telecom
9.7.1. Market Analysis, 2019 - 2023 and Forecast, 2022 - 2030, (Sales Value USD Million)
9.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.7.3. Market Opportunity Analysis 
10.Global Zero Trust Security Market  By Region, 20110 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. North America
10.1.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
10.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
10.1.3. Market Opportunity Analysis 
10.2. Europe
10.2.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
10.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
10.2.3. Market Opportunity Analysis 
10.3. Asia Pacific (APAC)
10.3.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
10.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
10.3.3. Market Opportunity Analysis 
10.4. Middle East and Africa (MEA)
10.4.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
10.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
10.4.3. Market Opportunity Analysis 
10.5. Latin America
10.5.1. Market Analysis, 20110 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
10.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
10.5.3. Market Opportunity Analysis 
11.North America Zero Trust Security Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Solution
11.1.2.Services
11.2.  Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.On-premises
11.2.2.Cloud
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Large Enterprises
11.3.2.SMEs
11.4.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Single-factor Authentication,
11.4.2.Multi-factor Authentication
11.5.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Manufacturing,
11.5.2.Healthcare,
11.5.3.Retail,
11.5.4.Energy and Utilities,
11.5.5.BFSI,
11.5.6.Government,
11.5.7.IT and Telecom,
11.6.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.6.1.United States of America (USA)
11.6.2.Canada
12.Europe Zero Trust Security Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Solution
12.1.2.Services
12.2.  Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.On-premises
12.2.2.Cloud
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Large Enterprises
12.3.2.SMEs
12.4.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Single-factor Authentication,
12.4.2.Multi-factor Authentication
12.5.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.Manufacturing,
12.5.2.Healthcare,
12.5.3.Retail,
12.5.4.Energy and Utilities,
12.5.5.BFSI,
12.5.6.Government,
12.5.7.IT and Telecom,
12.6.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.6.1.Germany
12.6.2.France
12.6.3.Italy
12.6.4.United Kingdom (UK)
12.6.5.Spain
13.Asia Pacific (APAC) Zero Trust Security Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Solution
13.1.2.Services
13.2.  Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.On-premises
13.2.2.Cloud
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Large Enterprises
13.3.2.SMEs
13.4.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Single-factor Authentication,
13.4.2.Multi-factor Authentication
13.5.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.Manufacturing,
13.5.2.Healthcare,
13.5.3.Retail,
13.5.4.Energy and Utilities,
13.5.5.BFSI,
13.5.6.Government,
13.5.7.IT and Telecom,
13.6.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.6.1.China
13.6.2.India
13.6.3.Australia and New Zealand (ANZ)
13.6.4.Japan
13.6.5.Rest of APAC
14.Middle East and Africa (MEA) Zero Trust Security Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Solution
14.1.2.Services
14.2.  Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.On-premises
14.2.2.Cloud
14.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Large Enterprises
14.3.2.SMEs
14.4.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Single-factor Authentication,
14.4.2.Multi-factor Authentication
14.5.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Manufacturing,
14.5.2.Healthcare,
14.5.3.Retail,
14.5.4.Energy and Utilities,
14.5.5.BFSI,
14.5.6.Government,
14.5.7.IT and Telecom,
14.6.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.6.1.GCC Countries
14.6.2.South Africa
14.6.3.Rest of MEA
15.Latin America Zero Trust Security Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
15.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
15.1.1.Solution
15.1.2.Services
15.2.  Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
15.2.1.On-premises
15.2.2.Cloud
15.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
15.3.1.Large Enterprises
15.3.2.SMEs
15.4.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
15.4.1.Single-factor Authentication,
15.4.2.Multi-factor Authentication
15.5.  Authentication Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
15.5.1.Manufacturing,
15.5.2.Healthcare,
15.5.3.Retail,
15.5.4.Energy and Utilities,
15.5.5.BFSI,
15.5.6.Government,
15.5.7.IT and Telecom,
15.6.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
15.6.1.Brazil
15.6.2.Mexico
15.6.3.Rest of LA
16. Competition Landscape
16.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
16.2.1.Cisco Systems Inc. (US)
16.2.2.Akamai Technologies (US)
16.2.3.Palo Alto Networks (US)
16.2.4.Okta Inc. (US)
16.2.5.Check Point Software Technologies (US)
16.2.6.Trend Micro Inc. (Japan)
16.2.7.IBM Corporation (US)
16.2.8.Symantec Corporation (US)
16.2.9.FireEye Inc. (US)
16.2.10.McAfee Corporation (US)
17. Research Methodology 
18. Appendix and Abbreviations 

Key Market Players

  • Cisco Systems Inc. (US)
  • Akamai Technologies (US)
  • Palo Alto Networks (US)
  • Okta Inc. (US)
  • Check Point Software Technologies (US)
  • Trend Micro Inc. (Japan)
  • IBM Corporation (US)
  • Symantec Corporation (US)
  • FireEye Inc. (US)
  • McAfee Corporation (US)

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