The global Zero Trust Security market size was valued at USD 14.6 Billion in 2021 growing at a CAGR of 15.4% from 2022 to 2032. Zero trust security is a term for security models that don’t rely on predefined trust levels. In a zero-trust security model, all users and devices are treated in the same manner, regardless of whether they’re inside or outside the network perimeter. The goal of zero trust security is to prevent data breaches by eliminating reliance on predefined trust levels. By treating all users and devices in the same manner, zero-trust security models make it more difficult for attackers to exploit trust relationships. There are many different approaches to zero trust security, but they all share the common goal of making it harder for attackers to gain access to sensitive data. Zero-trust security models can be implemented in many different ways, depending on the needs of the organization.
The driving factor of zero trust security market are:
- Growth in regulations for information security and data protection
To secure a person’s data, governments throughout the world are concentrating on implementing data protection directives. Governments worldwide have been urged to develop a more robust and effective security strategy to preserve the information security of business-critical assets due to the surge in sophisticated cyberattacks and the rising frequency of ransomware attacks on banks and other financial service providers. The demand for data protection and information security rules and regulations is being driven by the increase in cross-border transactions and data transfers, which is prompting businesses with worldwide footprints to embrace zero-trust security solutions.
- Increase in the frequency of target-based cyberattacks
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Key Highlights:
- The global Zero Trust Security market size was valued at USD 14.6 Billion in 2021 growing at a CAGR of 15.4% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The Zero Trust Security market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Cisco Systems Inc
- IBM
- Akamai Technologies
- Check Point Software Technologies Ltd
- McAfee
- Broadcom inc
The Global Zero Trust Security Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Zero Trust Security market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID-19 impact, the Zero Trust Security market report also includes the following data points:
- COVID-19 Impact on Zero Trust Security market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Zero Trust Security market
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Scope of the Report:
Market Segment By Capability:
- Identities
- Workloads
- Data
- Networks
- Devices
- Telemetry and Analytics
- Automation
- Orchestration
Market Segment By Offering:
- On-Premises
- Cloud
Market Segment By Vertical:
- BFSI, Government
- IT and Telecommunication
- Government and Defence
- Healthcare
- Energy and Power
- Retail and E-Commerce
- Others
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
North America is a region in the global zero-trust security market that is expanding quickly. It has a sophisticated infrastructure and the resources to pay for Zero Trust Network security measures. Additionally, due to increased competition among cloud-based service providers in North America, key players are ensuring faster access to and greater client outreach of their services, which is what is fueling the expansion of the zero-trust security market in this region.
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- Demand-supply gap analysis
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