Zero Trust Security Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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

 

 

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Report

Description

Zero Trust Security market is estimated to be valued at USD 21,673.9 million in 2021 and is poised to grow at a significant CAGR of 19.5% over 2022-2028. 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.

Recent Market 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

MARKET SUMMARY
-
19.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 19.5%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Zero Trust Security Market

  • The report on global zero trust security market gives historical, current, and future market sizes (US$ Bn) on the basis of by component, deployment model, by enterprise size, authentication, industry vertical and geography.
  • The global zero trust security market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Trend Micro Inc. (Japan)
  • IBM Corporation (US)
  • Symantec Corporation (US)
  • FireEye Inc. (US)
  • McAfee Corporation (US)
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.


North-America Got Significant Share

Zero Trust Security Market

The Zero Trust Security market in North America is likely to hold the highest revenue share in 2021 and the same trend is expected over the forecast period due to the rising need for zero-trust security solutions due to increased security spending by the government and public entities is predicted to boost the regional market. Furthermore, rising use of the Internet of Things (IoT), artificial intelligence (AI), and digital technologies by SMEs and major companies, as well as greater stringency in standards and rules for protecting data privacy and security, are driving regional market expansion.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The zero trust security market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • 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
Zero Trust Security Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The zero trust security market is projected to expand at a CAGR of 19.5% during the forecast period

 

 

 

 

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


Report

Company Profile

  • 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)

Description

Zero Trust Security market is estimated to be valued at USD 21,673.9 million in 2021 and is poised to grow at a significant CAGR of 19.5% over 2022-2028. 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.

Recent Market 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.

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