Global Zero Trust
Security Market Scenario
As per the research by Market Research Future
Reports (MRFR), the global Zero Trust Security Market is anticipated to record a
CAGR of 15.4% and value USD 32.15 billion by the end of 2025. The increasing
target-based cyber-attacks is the most significant factor driving the global
zero trust security market 2020. Moreover, there has been an increasing
initiative by governments that are augmenting the global zero-trust security
market. Moreover, it integrates various technologies. It assures reliability,
simple, and cost-effectiveness, which is estimated to be a significant factor
in driving the global market. Besides, there has been development in machine
learning, which further makes the security sector stronger. In addition, the
established and the upcoming entities are inclining towards the cloud-based
technology, which is likely to augment the market. The competitors are adopting
innovative methods to retain their position in the market. However, the
inefficient budgets allotted by the SMEs can act as a restricting factor in the
market expansion.
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The research performed by MRFR tracks the aftermath
of the COVID-19 pandemic. Furthermore, a precise evaluation of factors
augmenting and impeding the market in the post-COVID-19 environment has been
analyzed. We will provide COVID-19 impact analysis with the report.
Market Segmentation
The worldwide zero trust security market can be
segmented on the grounds of solution type, deployment, authentication type,
organization size, and region.
Based on solution type, the global zero trust
security market can be classified into security policy management, network
security, data security, API security, endpoint security, security analytics,
security orchestration automation and response (SOAR), and others.
Based on deployment, the worldwide zero trust
security market can be classified into on-premise and cloud.
Based on the authentication type, the worldwide zero
trust security market can be classified into multi-factor authentication and
single-factor authentication.
Based on organization size, the worldwide zero trust
security market can be classified into small- and medium-sized enterprises
(SME) and large enterprises.
Based on vertical, the worldwide zero trust security
market can be classified into IT & telecom, banking, financial services,
and insurance, government & defense, healthcare, retail & e-commerce,
energy & power, and others.
On the basis of region, the worldwide zero trust
security market can be classified into North America, Europe, Asia-Pacific, the
Middle East & Africa, and South America.
Regional Analysis
The regional study of North America, Europe,
Asia-Pacific, the Middle East & Africa, and South America has been
conducted. The market is estimated to expand significantly during the forecast
period. As per the analysis by MRFR, North America is estimated to seize the
maximum market share since it is the most technically developed region.
Besides, the adoption of digitalization is very fast, which augments the market
region. Among all nations, the US makes the most significant contribution to
market expansion. On the other hand, the Asia-Pacific region is anticipated to
be the fastest-growing market during the assessment period. The most
significant reason for market expansion is the increasing adoption of
cloud-based technologies, which has resulted in frequent cyber-attacks.
However, the outbreak of pandemic coronavirus has
affected several regional markets. The constant lockdown observed in several
regions has changed the structure of the existing market.
Key Players
The established competitors of the worldwide
zero-trust security market are IBM Corporation (US), Cisco Systems, Inc (US),
Akamai Technologies (US), Check Point Software Technologies (Israel), Google
(US), Pulse Secure (US), Symantec
Corporation (US), Palo Alto Networks, Inc. (US), OKTa (US), Forcepoint (US),
Cloudflare (US), Centrify (US), Illumio
(US), Cyxtera Technologies (US), Sophos Group PLC (UK) and a few others.
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