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Forecast Year
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.
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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 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.
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By solution type, the market is divided into:
On the basis of deployment type, the market includes:
The major types of authentication types of zero trust security are:
Based on organisation size, the market is divided into:
The significant verticals of zero trust security are:
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.
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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.
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:
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.
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:
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Breakup by Solution Type |
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Breakup by Deployment Type |
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Breakup by Authentication Type |
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Breakup by Organisation Size |
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Breakup by Verticals |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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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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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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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