All updated as on -
From 2023 to 2030, the global zero trust security market is projected to expand from an initial estimate of USD 24.89 billion in 2022 at a CAGR (compound annual growth rate) of 17.6 percent.
Several developments, including as the proliferation of cyberattacks, tightening of regulations, and the popularity of bring-your-own-device (BYOD) policies, have contributed to the expansion of the zero-trust security sector. It's no secret that BYOD and CYOD policies are becoming increasingly common in businesses nowadays. The proliferation of zero-trust security has been fueled by benefits including reduced spending on endpoint infrastructure procurement. Moreover, the increased productivity of workers that results from letting them use their own devices to do their jobs is a major factor in the rise in popularity of such ideas. Companies' use of a remote work paradigm during the COVID-19 outbreak gave the BYOD concept a public profile.
As time has progressed and more people have gained access to the internet, the potential impact of both internal and foreign threats has increased. An examination of reported assaults and intrusions reveals an upward trend in the exposed records rate and the frequency of data breaches. Attacks like the difficult and time-consuming WannaCry ransomware allow for illegal access, leading to both data loss and financial losses. Companies can no longer afford to ignore the average cost of a data breach, which is $4 Billion, so they must use vulnerability assessment tools to search for and uncover vulnerabilities both internally and outside. As a result of the changing nature of cyber threats, the risk assessment industry is increasing its spending on cutting-edge tools like analytics and AI. Additionally, investments in state-of-the-art vulnerability management technology have been linked to a decrease in malicious attacks. As a result of this, it appears that end users are better equipped to deal with vulnerability threats, and the zero-trust security market is predicted to expand rapidly over the forecast period as a result of rising investments made as part of an effort to improve security strategies.
Modern workplace dynamics like remote work, mobile device usage, and cloud computing are proving to be too much for perimeter-based security systems to handle. As businesses and their employees become more mobile and linked, the idea of a clearly delineated network border is becoming less relevant. In the typical security approach, once users get network access, they often enjoy extensive access to diverse resources within the perimeter, creating vulnerabilities for lateral movement by attackers. To combat this issue, zero-trust security enforces stringent authentication and authorization procedures at all points of entry. There is less chance of security lapses because access is allowed on a need-to-know basis. The transition from perimeter-based security to Zero Trust is becoming essential for enterprises as they respond to the ever-changing nature of cybersecurity threats.
Organizational resistance to zero trust security, from employees to stakeholders, is common. The necessity for widespread adoption of continuous verification and authentication as opposed to the more familiar perimeter-based security techniques is at the root of this pushback. Some people in an organization may be hesitant to change their established trust-based relationships with coworkers. The organization's efforts to completely implement Zero Trust security may be hampered by this reluctance. To successfully embrace this security paradigm, changes must be made to both technology and the mentality and culture of a business. Successful adoption and overall cybersecurity improvement is more likely when firms encourage a collaborative security strategy, ensure user-friendly security controls, and communicate the changes clearly.
The Zero Trust Security industry is divided into two categories, cloud and on-premises, according to the preferred method of deployment. The on-premises segment currently accounts for the vast majority of the market share and is expected to grow at a CAGR of xxxx% over the forecast period. Companies would rather keep their sensitive information in-house than trust it to a cloud service. Security monitoring can be owned and managed directly on-site, giving you more control over your security setup. Demand for on-premises deployment is expected to increase as a result of this over the projection period.
However, cloud-based solutions are replacing on-premises ones as organizations see the benefits, especially in terms of cost. This has led analysts to predict a substantial CAGR for the cloud-based deployment market between 2022 and 2030. In addition, businesses are focusing on cloud transformation to provide employees with data for domestic and international operations. The rising use of public cloud services is fueling the need for zero-trust security framework cloud-based solutions.
Report Coverage
Global Zero Trust Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Zero Trust Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Zero Trust Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Zero Trust Security market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Zero Trust Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Zero Trust Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cyxtera Technologies, SonicWall, Trend Micro, Inc., Palo Alto Networks, IBM, Cisco Systems Inc., Check Point Software Technologies, McAfee Corp., Cloudflare, Google, Zscaler, Microsoft Corporation, Symantec Corp., Akamai Technologies Inc., VMware, Inc., FireEye, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Zero Trust Security market based on the below-mentioned segments:
Global Zero Trust Security Market, By Component
Solution
Services
Global Zero Trust Security market, By Authentication
Single-factor Authentication
Multi-factor Authentication
Global Zero Trust Security Market, By Industry Vertical
Manufacturing
Healthcare
Retail
Energy and Utilities
Others
BFSI
Government
IT and Telecom
Global Zero Trust Security market, Regional Analysis
Several developments, including as the proliferation of cyberattacks, tightening of regulations, and the popularity of bring-your-own-device (BYOD) policies, have contributed to the expansion of the zero-trust security sector. It's no secret that BYOD and CYOD policies are becoming increasingly common in businesses nowadays. The proliferation of zero-trust security has been fueled by benefits including reduced spending on endpoint infrastructure procurement. Moreover, the increased productivity of workers that results from letting them use their own devices to do their jobs is a major factor in the rise in popularity of such ideas. Companies' use of a remote work paradigm during the COVID-19 outbreak gave the BYOD concept a public profile.
As time has progressed and more people have gained access to the internet, the potential impact of both internal and foreign threats has increased. An examination of reported assaults and intrusions reveals an upward trend in the exposed records rate and the frequency of data breaches. Attacks like the difficult and time-consuming WannaCry ransomware allow for illegal access, leading to both data loss and financial losses. Companies can no longer afford to ignore the average cost of a data breach, which is $4 Billion, so they must use vulnerability assessment tools to search for and uncover vulnerabilities both internally and outside. As a result of the changing nature of cyber threats, the risk assessment industry is increasing its spending on cutting-edge tools like analytics and AI. Additionally, investments in state-of-the-art vulnerability management technology have been linked to a decrease in malicious attacks. As a result of this, it appears that end users are better equipped to deal with vulnerability threats, and the zero-trust security market is predicted to expand rapidly over the forecast period as a result of rising investments made as part of an effort to improve security strategies.
Modern workplace dynamics like remote work, mobile device usage, and cloud computing are proving to be too much for perimeter-based security systems to handle. As businesses and their employees become more mobile and linked, the idea of a clearly delineated network border is becoming less relevant. In the typical security approach, once users get network access, they often enjoy extensive access to diverse resources within the perimeter, creating vulnerabilities for lateral movement by attackers. To combat this issue, zero-trust security enforces stringent authentication and authorization procedures at all points of entry. There is less chance of security lapses because access is allowed on a need-to-know basis. The transition from perimeter-based security to Zero Trust is becoming essential for enterprises as they respond to the ever-changing nature of cybersecurity threats.
Organizational resistance to zero trust security, from employees to stakeholders, is common. The necessity for widespread adoption of continuous verification and authentication as opposed to the more familiar perimeter-based security techniques is at the root of this pushback. Some people in an organization may be hesitant to change their established trust-based relationships with coworkers. The organization's efforts to completely implement Zero Trust security may be hampered by this reluctance. To successfully embrace this security paradigm, changes must be made to both technology and the mentality and culture of a business. Successful adoption and overall cybersecurity improvement is more likely when firms encourage a collaborative security strategy, ensure user-friendly security controls, and communicate the changes clearly.
The Zero Trust Security industry is divided into two categories, cloud and on-premises, according to the preferred method of deployment. The on-premises segment currently accounts for the vast majority of the market share and is expected to grow at a CAGR of xxxx% over the forecast period. Companies would rather keep their sensitive information in-house than trust it to a cloud service. Security monitoring can be owned and managed directly on-site, giving you more control over your security setup. Demand for on-premises deployment is expected to increase as a result of this over the projection period.
However, cloud-based solutions are replacing on-premises ones as organizations see the benefits, especially in terms of cost. This has led analysts to predict a substantial CAGR for the cloud-based deployment market between 2022 and 2030. In addition, businesses are focusing on cloud transformation to provide employees with data for domestic and international operations. The rising use of public cloud services is fueling the need for zero-trust security framework cloud-based solutions.
Report Coverage
Global Zero Trust Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Zero Trust Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Zero Trust Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Zero Trust Security market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Cyxtera Technologies, SonicWall, Trend Micro, Inc., Palo Alto Networks, IBM, Cisco Systems Inc., Check Point Software Technologies, McAfee Corp., Cloudflare, Google, Zscaler, Microsoft Corporation, Symantec Corp., Akamai Technologies Inc., VMware, Inc., FireEye, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Zero Trust Security Market from 2021 to 2030.
- Market Forecast for Zero Trust Security Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Zero Trust Security competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Zero Trust Security
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Zero Trust Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Zero Trust Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Cyxtera Technologies, SonicWall, Trend Micro, Inc., Palo Alto Networks, IBM, Cisco Systems Inc., Check Point Software Technologies, McAfee Corp., Cloudflare, Google, Zscaler, Microsoft Corporation, Symantec Corp., Akamai Technologies Inc., VMware, Inc., FireEye, Inc.
Primary Target Market
- Market Players of Zero Trust Security
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Zero Trust Security market based on the below-mentioned segments:
Global Zero Trust Security Market, By Component
Solution
Services
Global Zero Trust Security market, By Authentication
Single-factor Authentication
Multi-factor Authentication
Global Zero Trust Security Market, By Industry Vertical
Manufacturing
Healthcare
Retail
Energy and Utilities
Others
BFSI
Government
IT and Telecom
Global Zero Trust Security market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive zero trust security market market research and competitor analysis for your business to help you develop more profound insights into the zero trust security market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the zero trust security market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.