The global zero trust security market revenue was around US$ 233.69 billion in 2021 and is estimated to reach US$ 126.09 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.5% during the forecast period from 2022 to 2031.
The zero-trust security solutions cover advanced persistent threat defense, compliance management, cybersecurity risk management, identity & access management, security operations, and other zero-trust security solutions.
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Factors Influencing Market Growth
The rise in the necessity to support safe business mobility practices within organizations fuels market growth.
An increase in malware and phishing attacks against businesses, as well as an increase in the need for cloud-based zero-trust security solutions drives the growth of the market.
The need to protect against internal and external threats from unauthorized access, increase network management visibility, and secure complex networks propels the zero-trust security market.
Study of the COVID-19 Pandemic
The COVID-19 outbreak had a positive impact on the market when conducting remote operations, enterprises able to managed security risks and provide secured information access to the deployment of zero trust security during COVID-19. The risk of cyberattacks has also considerably increased in a lot of businesses due to an increase in internet traffic, fuels demand for zero trust architecture solutions.AI- integrated solutions, Cloud security and rise in cyberattacks advent of the pandemic contributed to Innovations and advances in cybersecurity solutions helped market growth. These innovations and breakthroughs include cloud security, AI-integrated solutions, and a spike in cyberattacks after the start of this pandemic.
Regional Insights
Asia-Pacific is anticipated to experience the greatest growth rate due to the rising investments in zero trust security solutions from nations including Australia, China, India, Japan South Korea, and the rest of Asia-Pacific. Additionally, the increased use of mobile data for several applications, such as mobile banking and social media, is a major driver driving the use of zero-trust security solutions in the Asia-Pacific region. These solutions have also become more popular in this region due to the rapid growth in smartphone and internet usage in nations like China and India.
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Leading Competitors
The leading competitors in the global zero trust security market are:
Cisco Systems Inc
IBM
Akamai Technologies Inc
Zscaler
VMware
Microsoft Corporation
Cloudflare
Google
Cyxtera Technologies
SonicWall
Palo Alto Networks
Check Point Software Technologies
Trend Micro
Symantec Corp
FireEye
McAfee Corp.
Others
Segmentation Analysis
The global zero trust security market segmentation focuses on Component, Deployment Model, Enterprise Size, Authentication, Industry Vertical, and Region.
Segmentation based on Component
Solution
Services
Segmentation based on Deployment Model
On-premise
Cloud
Segmentation based on Enterprise Size
Large Enterprises
SMEs
Segmentation based on Authentication
Single-factor Authentication
Multi-factor Authentication
Segmentation based on Industry Vertical
Manufacturing
Healthcare
Retail
Energy and Utilities
Others
BFSI
Government
IT and Telecom
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Zero Trust Security market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Zero Trust Security market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Zero Trust Security market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Zero Trust Security business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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