Selbyville, Delaware, Global Zero Trust Security Market size to reach USD 60.25 billion by 2027 and is valued approximately USD 19.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 17.4% over the forecast period 2021-2027.
Zero Trust is a security framework that requires all users, both inside and outside the integration node, to be authenticated, authorized, and continuously verified for security configuration and posture before ever being granted or maintaining access to applications and types.
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During the forecast period, zero-trust security has grown tremendously, utilizing an identity provider to gain permissions and identifying validation rights based on the user and the gadgets. Basic authentication rights may include device and user identity validation to determine whether or not the enterprise operates these devices. Furthermore, the market’s expansion is expected to be aided by an increase in cyber security breaches as a result of the adoption of cloud-based services and rising digital transformation. Risk Orchestrator was launched by Cyxtera Technologies in April 2019 to expand the strength, size, and reach of their Total Fraud Protection platform. Along with this, government legislation such as the European Union’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) in the United States are likely to open up innovative products and solutions for the zero-trust security market.
However, Cyber security requirements are growing faster than budgets allocated to address them. Most small businesses do not have the budget or IT security expertise to implement enhanced internet security solutions to protect their network and IT infrastructure from various cyber attacks. Limited capital funding can be a major impediment for some small and medium-sized businesses adopting a zero trust security. As enterprises across industries adopt IoT tools to monitor operational efficiency and speed, IoT traffic is expected to witness the fastest growth. The increasing adoption of these IoT devices has broadened the scope of malicious hackers’ attacks.
Major market player included in this report are:
- Cisco Systems Inc.
- Akamai Technologies
- Palo Alto Networks
- Okta Inc.
- Check Point Software Technologies
- Trend Micro Inc.
- IBM Corporation
- Symantec Corporation
- FireEye Inc.
- McAfee Corporation
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa account for the majority of the global zero trust security market. North America is expected to boost the global zero trust security demand over the forecast period due to early adoption of zero trust security technologies as the continent is home to the many major tech companies that are early adopters of new and advanced security technologies such as biometric security, AI, and cloud-based service solutions.By 2022, approximately 80% of new digital business applications will be accessed via zero trust network access. It is estimated that by 2023, 60% of enterprises will have phased out their remote access virtual private network.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to inOn-Premises both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also inOn-Premises available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Network Security
- Data Security
- Endpoint Security
- Security Orchestration Automation and Response
- API Security Types
- Security Analytics
- Security Policy Management
By Deployment type:
- By Authentication type:
- Single-factor Authentication
- Multi-factor Authentication
By Organization Size:
- Large Enterprise
- IT and ITES
- Financial and Insurance
- Healthcare and Social Assistance
- Retail Trade
Global Zero Trust Security Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Zero Trust Security market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Zero Trust Security in 2020?
- What shall be the Zero Trust Security Market size by 2027?
- Which region shall account for the largest market share of the Zero Trust Security Industry?
- What are the market threats and opportunities considered by the vendors in the Zero Trust Security Market?
For More Details on Zero Trust Security Market Report at: https://www.marketstudyreport.com/reports/global-zero-trust-security-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP
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