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Technology, Media, and IT

Zero Trust Security Market Report a...

Historical and Forecast Market Trends

2018-34

www.expertmarketresearch.com

The growing frequency of target-based cyber-attacks and increasing regulations for data protection and information security are some of the key aspects that will drive the zero-trust security market. The proliferation of endpoint devices, coupled with the rising adoption of cloud technology, has triggered the need for implementing a zero-trust security framework. Businesses are increasingly thriving on networking technology and computerised systems, which are prone to attack and vulnerable to unauthorised access. The remote working policies, due to the COVID-19 pandemic, have further raised the need for a secured architecture framework that would enforce multi-factor authentication for accessing crucial data. Thereby, the need to secure complex networks, increase network administration visibility, and combat the internal and external threats from unauthorised access is driving the demand for security solutions and is expected to boost the market growth over the forecast period. Moreover, as the usage of technologies such as cloud computing, Wi-Fi, and the Internet of Things (IoT), combined with outsourced services, grows, preventing unauthorised access to sensitive data is fuelling the market's growth.

The strategic initiatives by the key organisations, coupled with high demand from the IT sector, have helped in changing the landscape of the overall market. For instance, in October 2018, Cisco (NASDAQ: CSCO) acquired Duo Security, a solution supplier of integrated access security and multi-factor verification delivered through the cloud, which has helped in making healthy competition in the market.

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Market Analysis by Solution Type, Deployment Type, Authentication Type, Organisation Size, Verticals, and Regions:

  • Based on solution type, the market is categorised into network security, data security, endpoint security, API security, and cloud security, among others. 
  • On the basis of deployment type, the market is divided into cloud and on-premises.
  • The types of authentications in the market are single-factor authentication and multi-factor authentication.
  • The types of organisations in the market are SMEs and large enterprise.
  • The vertical in the industry includes IT and Telecom, BFSI, healthcare and social assistance, retail, and utilities, among others.
  • The regional markets for zero trust security include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Rising digitalisation and increasing awareness among people and organisations is expected to boost the growth of the market.
  • Investment in zero-trust security solutions and increasing government regulations will further boost the market growth.
  • The demand for zero-trust security services is expected to rise in the future, as IoT traffic has increased in recent years.
  • The increasing need for cloud-based zero trust security solutions among SMEs will provide opportunities for a zero-trust security market during the forecast period.
  • The comprehensive solutions for establishing a zero-trust security environment ensure that computers, programmes, and networks are protected from illegal access.

Key Offerings of the Report:

  • The EMR report gives an overview of the global zero trust security market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for solution type, deployment type, authentication type, organisation size, verticals, and major regions of zero trust security.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global zero trust security industry are Cisco Systems, Inc., Akamai Technologies, IBM Corporation, Broadcom Inc., and McAfee Enterprise, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Solution Type
  • Deployment Type
  • Authentication Type
  • Organisation Size
  • Verticals
  • Region
Breakup by Solution Type
  • Network Security
  • Data Security
  • Endpoint Security
  • API Security
  • Cloud Security
  • Others
Breakup by Deployment Type
  • Cloud
  • On-Premises
Breakup by Authentication Type
  • Single-factor Authentication
  • Multi-factor Authentication
Breakup by Organisation Size
  • SMEs
  • Large Enterprise
Breakup by Verticals
  • IT and Telecom
  • BFSI
  • Healthcare and Social Assistance
  • Retail
  • Utilities
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cisco Systems, Inc.
  • Akamai Technologies
  • IBM Corporation
  • Broadcom Inc.
  • McAfee Enterprise
  • Others
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