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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