Zero Trust Security Market witnessed USD 19452 million in 2020, growing at a robust CAGR of 16.9% during forecast period.

Introduction of the Zero Trust Security Market Report

Zero trust is a tactical approach to security that centers on the model of reducing protection from an organization’s network structure. It can be directly operated to decrease security risk for verifying them one time is enough. The zero-trust model of security urges assumptions of trust at every access attempt.

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Market Dynamic

Key Drivers and Emerging Trends

The zero-trust security structure establishes a digital dynamic identity based on four parameters: adaptive access control, continuous trust evolution, secure resource access, and identity-based. This architecture helps organizations in network security with risk management and automation. The strategic initiatives by the key organizations coupled with high demand from the IT sector have helped in changing the landscape of the overall market. For instance, in October 2018, Cisco acquired Duo Security, a solution supplier of integrated access security and multi-factor verification delivered through the cloud, which has helped in making a healthy competition in the market. In 2019, Perimeter 81 Ltd. officially announced the launch of Zero Trust application access. This solution effortlessly employs multiple security layers of user trust and device trust policy validation, which has helped the market in elevating the benchmarks for the technology in security. Furthermore, the extensive use of WFH trend, BYOD device, and internet saturation across the crooks of the globe, individuals are gradually persuaded towards the usage of digital technologies such as cloud solutions which has accelerated the need for zero-trust security measures for protection against cyber-attacks.

Restraint in the Zero Trust Security Market

However, budgetary restraints among the emerging start-ups in the developing nations is likely to create a hinderance in the market over the forecast period.

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Deployment – Segment Analysis

Based on the deployment, the cloud is witnessed to grow at a higher CAGR in the market over the forecast period. The cloud deployment mode of zero trust security solutions advances organizations with cloud-based solutions extending scalability, speed, and improved IT security. As more submissions get installed over the cloud, there will be a rising demand for cloud-based zero trust security among large enterprises and SMEs.

Organization Size – Segment Analysis

Based on the organization size, large enterprises is anticipated to grow at a higher CAGR in the market over the forecast period. Large enterprises are restructuring their security procedures and structural design to integrate zero trust to safeguard key assets from numerous cyber-attacks. Large organizations majorly adopt zero trust security to preserve endpoints, data centres, network, users, devices, and applications from illegal usage and ransomware attacks.

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Regional – Segment Analysis:

Based on the regional coverage, Europe is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the rise in the percentage of GDPR related data breaches by 66% from 2018 May to 2019 May, according to a report published by Linklaters, a global law firm, which has propelled the use of zero-trust security. In addition, the strong presence of the key players in the region, like IBM, Cisco Systems Inc., Microsoft Corporation, has further led to the regional expansion growth.

Top Market Players

Various notable players operating in the market, include, Akamai Technologies, Palo Alto Networks, Okta Inc., Check Point Software Technologies, Trend Micro Inc., IBM Corporation, Symantec Corporation, FireEye Inc., McAfee Corporation, Forcepoint, among others. 

Key Developments:

• • In 2019, Palo Alto Networks acquired PureSec to improve Prisma offering, which has may helped the company in expanding the product portfolio over the period. This offering has added the zero trust security more value as launched in the market.

Segments covered in the Report:

The global zero trust security market has been segmented on the basis of deployment, organization size, vertical, and regions. Based on deployment, the market is segmented into on-premises, and cloud. Based on organization size, the market is segmented into small and medium-sized enterprises, and large enterprises. Based on vertical, the market is segmented into BFSI, healthcare and social assistance, retail, and others. 

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Key questions answered in this research report:

• • At what pace is global zero trust security market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in zero trust security market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global zero trust security market?
  • Which deployment generated maximum revenues in 2019 and identify the most promising deployment during the forecast period?
  • What are the various organization size areas of global zero trust security market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Zero Trust Security Market by Deployment

• • On-Premises
  • Cloud

Global Zero Trust Security Market by Organization Size

• • Small and Medium-Sized Enterprises
  • Large Enterprises

Global Zero Trust Security Market by Vertical

• • BFSI
  • Healthcare and Social Assistance
  • Retail
  • Others

Global Zero Trust Security Market by Region

• • North America Zero Trust Security Market (Option 1: As a part of the free 25% customization)
    • North America Zero Trust Security Market by Deployment
    • North America Zero Trust Security Market by Organization Size
    • North America Zero Trust Security Market by Vertical
    • US Zero Trust Security Market All-Up
    • Canada Zero Trust Security Market All-Up
  • Europe Zero Trust Security Market (Option 2: As a part of the free 25% customization)
    • Europe Zero Trust Security Market by Deployment
    • Europe Zero Trust Security Market by Organization Size
    • Europe Zero Trust Security Market by Vertical
    • UK Zero Trust Security Market All-Up
    • Germany Zero Trust Security Market All-Up
    • France Zero Trust Security Market All-Up
    • Spain Zero Trust Security Market All-Up
    • Rest of Europe Zero Trust Security Market All-Up
  • Asia-Pacific Zero Trust Security Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Zero Trust Security Market by Deployment
    • Asia-Pacific Zero Trust Security Market by Organization Size
    • Asia-Pacific Zero Trust Security Market by Vertical
    • China Zero Trust Security Market All-Up
    • India Zero Trust Security Market All-Up
    • Japan Zero Trust Security Market All-Up
    • Rest of APAC Zero Trust Security Market All-Up
  • RoW Zero Trust Security Market (Option 4: As a part of the free 25% customization)
    • RoW Zero Trust Security Market by Deployment
    • RoW Zero Trust Security Market by Organization Size
    • RoW Zero Trust Security Market by Vertical
    • Brazil Zero Trust Security Market All-Up
    • South Africa Zero Trust Security Market All-Up
    • Saudi Arabia Zero Trust Security Market All-Up
    • UAE Zero Trust Security Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Zero Trust Security Market All-Up

Major Players Operating in the Zero Trust Security (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Akamai Technologies
  • Palo Alto Networks
  • Okta Inc.
  • Check Point Software Technologies
  • Trend Micro Inc.
  • IBM Corporation
  • Symantec Corporation
  • FireEye Inc.
  • McAfee Corporation
  • Forcepoint