Global Zero Trust Security Market
The GMI Research forecasts that the Zero Trust Security Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing frequency of target-based cyberattacks and rising norms for data protection and information security.
Introduction of the Zero Trust Security Market
Zero trust is a network security philosophy stating that the network should be trusted unless their identification has been thoroughly checked. The system operates on the assumption that threats both outside and inside of the network are an omnipresent factor.
Key Players of the Global Zero Trust Security Market:
- Akamai Technologies
- Okta Inc.
- Trend Micro Inc.
- Symantec Corporation
- McAfee Corporation
- Forcepoint
- Palo Alto Networks
- Check Point Software Technologies
- IBM Corporation
- FireEye Inc.
Zero Trust Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The favorable strategic initiatives by major organizations and the extensive trend of work from home, BYOD devices, and internet saturation is promoting individuals towards the implementation of digital technologies like cloud solutions are the crucial drivers contributing to the growth of the zero-trust security market. The robust demand from the IT sector is strengthening the market size. This architecture assists the enterprise to sustain network security with risk management and automation. Cisco, in October 2018, acquired Duo Security, a solution supplier of tight access security and multi-factor verification delivered through the cloud, which has brought healthy competition in the market. Perimeter 81 Ltd., In 2019, officially declared the initiation of Zero Trust application access. This solution effortlessly employs different security layers of user and device trust policy validation which has impelled the market growth. However, budgetary restraints across the transpiring start-ups in emerging nations will hamper the zero-trust security market share.
Deployment Segment Drivers
Based on the deployment, the cloud is expected to witness faster growth in the near future. The mode advances organizations with cloud-based solutions extending measurability, speed, and better IT security. The installation of more submissions over the cloud will intensify the market demand across large enterprises and SMEs.
Organization Size Segment Drivers
Based on the organization size, large enterprises are predicted to increase at a higher rate. This is because these enterprises are remodeling their safety procedures and structural design to secure important assets from numerous cyber-attacks. These organizations are adopting these solutions to preserve endpoints, data centers, networks, users, devices, and applications from illegal usage and ransomware attacks.
Regional Drivers
Based on the regional coverage, Europe is contemplated to hold a major share in the market during the forecast period. This is primarily attributed to the increasing number of GDPR related data violations by 66% from 2018 May to 2019 May stated by the report published by Linklaters; a global law firm has proliferated the market share. In addition, the robust prevalence of leading players, like IBM, Cisco Systems Inc., Microsoft Corporation, has enlarged the market growth.
Zero Trust Security Market Segmentation:
Segmentation by Deployment
- On-Premises
- Cloud
Segmentation by Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
Segmentation by Vertical
- BFSI
- Healthcare and Social Assistance
- Retail
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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Zero Trust Security Market HighlightsAccording to Market Research Future, the zero trust security market has been segmented based on solution, organization size, authentication type, deployment, vertical, and region/country.Zero trust access security gives access only to the network and cloud resources to authorized users.
The access provided is limited to the accomplishment of the tasks.
The zero-trust security solutions work with the assumption that the cyber attackers are present both inside and outside of the network, and thus, the users or machines should not be automatically trusted.By authentication type, the global zero-trust security market has been divided into single-factor authentication and multi-factor authentication.
The multi-factor authentication segment is expected to have a larger market share during the forecast period as multi-factor authentication (MFA) is one of the core features of zero-trust security.
In addition to entering a password, the users are required to enter a code that has been sent to another device, such as an SMS on mobile phone or email verification.
The network security segment is expected to have the largest market size during the forecast period, as it is the most important and core feature of the zero-trust security model.Based on organization size, the global zero trust security market has been categorized as large enterprise and small- and medium-sized enterprises (SMEs).
Research Nester published a report titled “Zero Trust Security Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalzero trust security market in terms of market segmentation by solution type, deployment, enterprise size, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The global zero trust security market is estimated to occupy a sizeable revenue and grow at a CAGR of ~18% during the forecast period, i.e., 2022 – 2030, owing to the rising number of target-based cybersecurity attacks, strict government protocols about information security and increasing digitization across developing nations.
Based on solution type, the data security segment is anticipated to grab the largest market share during the forecast period on the back of increasing amount of data among organizations and the growing need to ensure its safety.
Additionally, by deployment, the cloud segment is projected to observe the highest growth in the future ascribing to the high speed, scalability and IT security offered by cloud services.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-3206Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the coming years owing to the high adoption of digital banking services and increasing internet usage in the region.Increasing Number of Target-Based Cyberattacks to Expand MarketThe world has observed a surge in the number of attacks that target networks, endpoints, cloud-based applications, on-premise devices and several other IT infrastructures to steal critical information worth considerable amount of money.
This in turn is anticipated to be a crucial factor driving the market growth in the near future.“The Final Report will cover the impact analysis of COVID-19 on this industry.”Download/Request Sample Copy of Strategic Report: https://www.researchnester.com/sample-request-3206However, absence of appropriate budget in startups to implement zero trust security services is expected to operate as key restraint to the growth of the global zero trust security market over the forecast period.This report also provides the existing competitive scenario of some of the key players of the global zero trust security market which includes company profiling of Cisco Systems Inc., Palo Alto Networks, Trend Micro Inc., Akamai Technologies, IBM Corporation, Symantec Corporation, Microsoft Corporation, McAfee Corporation, RSA Security, Okta Inc., and others.
On the whole, the report depicts detailed overview of the global zero trust security market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
