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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Zero Trust Security Market Outlook

The global zero trust security market size reached a value of about USD 31.63 billion by 2023. The industry is further expected to grow at a CAGR of 17.30% in the forecast period of 2024-2032 to reach a value of nearly USD 133 billion by 2032.

Global Zero Trust Security Market

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North America Represents a Considerable Share of the Market for Zero Trust Security

North America holds a significant share of the overall zero trust security industry and is expected to do so in the forecast period. The market growth can be attributed to the rising demand for innovative solutions of zero trust security models due to the increasing spending on security by the government and public entities. The increasing adoption of the Internet of things (IoT), artificial intelligence (AI), and digital technology by SMEs and large enterprises and the surging stringency in standards and policies for maintaining data privacy and security are significantly contributing to the regional market growth. Moreover, the increasing investments in research and development (R&D) activities of zero trust security are fuelling the market growth. Various start-ups in the region are delivering expanded zero trust security solutions and services to meet the growing demands of clients, which is expected to propel the market growth in the forecast period.

The Asia Pacific is predicted to grow robustly in the coming years due to the rising necessity to protect secure networks from unintentional data breaches across public, financial, healthcare, and e-commerce organisations. With the growing data breaches and their implications, the demand for threat hunting services is significantly increasing. The increasing demand for solutions that provide zero-trust security implementation owing to the rising threats of breaches across servers and data networks is predicted to augment the market growth in the region, which is estimated to significantly contribute to the growth of the overall market in upcoming years.

Zero Trust Security Industry Segmentation

Zero trust security is a type of security model that is based on the principle of maintaining strict access controls and not trusting anyone by default, even those already inside the perimeter of the network. The model is designed to require strict identity verification for every person and device attempting to access resources on a private network, irrespective of whether they are sitting within or outside of the network perimeter. It is a holistic approach to network security, and it integrates numerous technologies.

Global Zero Trust Security Market By Segment

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By solution type, the market is divided into:

  • Network Security 
  • Data Security 
  • Endpoint Security 
  • API Security 
  • Cloud Security 
  • Others

On the basis of deployment type, the market includes:

  • Cloud
  • On-Premises

The major types of authentication types of zero trust security are:

  • Single-factor Authentication
  • Multi-factor Authentication

Based on organisation size, the market is divided into:

  • SMEs
  • Large Enterprise

The significant verticals of zero trust security are:

  • IT and Telecom
  • BFSI
  • Healthcare and Social Assistance
  • Retail
  • Utilities
  • Others

The EMR report looks into the regional markets of zero trust security like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Zero Trust Security Market By Region

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Growing Frequency of Target-Based Cyberattacks Augmenting the Market Growth

The market expansion of zero trust security can be ascribed to an increase in the frequency of targeted cyberattacks, more digitisation in developing countries, and the rising implementation of government regulations regarding information security. With the intensifying demand for enhanced visibility and transparency in organisations for enabling users to access network from multiple locations, the deployment of zero trust security is surging, thereby propelling the market growth. The surging IoT traffic is leading to an increase in the demand for zero-trust security services, which is positively impacting the growth of the market.

The growing demand for cloud-based security services among small and medium enterprises (SMEs) is assessed to drive growth to this market segment. The constant development of internet connectivity and major technological improvements such as 5G, blockchain, cloud services, Internet of Things (IoT), and artificial intelligence (AI), are estimated to bolster the market for zero trust security. The growth of the information and communication technology (ICT) sector is projected to provide further impetus to the growth of the zero trust security industry.

Key Industry Players in the Global Zero Trust Security Market

The report gives a detailed analysis of the following key players in the global zero trust security market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cisco Systems, Inc.
  • Akamai Technologies
  • IBM Corporation
  • Broadcom Inc.
  • McAfee Enterprise
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global zero trust security market attained a value of nearly USD 31.63 billion.

The market is projected to grow at a CAGR of 17.30% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 133 billion by 2032.

The market is being driven by the increasing research and development (R&D) activities, the rising demand to protect secure networks from unintentional data breaches in various industries, the rising implementation of government regulations, and the growing demand for cloud-based security services.

The increasing frequency of targeted cyberattacks, the rapid digitalisation, the growing penetration of internet connectivity, and technological advancements are predicted to propel the growth of the market in the coming years.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various solution types of zero trust security are network security, data security, endpoint security, API security, and cloud security, among others.

The major deployment types of zero trust security in the market are cloud and on-premises.

The significant authentication types in the market are single-factor authentication and multi-factor authentication.

The different organisation sizes of zero trust security in the market are SMEs and large enterprise.

The significant vertical of zero trust security in the industry includes IT and telecom, BFSI, healthcare and social assistance, retail, and utilities, among others.

The major players in the industry are Cisco Systems, Inc., Akamai Technologies, IBM Corporation, Broadcom Inc., and McAfee Enterprise, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124