Zero Trust Security Market Research
Report- Forecast till 2025
Market Highlights
According
to Market Research Future, the global zero trust security market has been
segmented based on solution, organization size, authentication type,
deployment, vertical, and region/country.
Zero
trust access security gives access only to the network and cloud resources to
authorized users. The access provided is limited to the accomplishment of the
tasks. It strictly enforces data security and threat prevention policies. The
zero-trust security solutions work with the assumption that the cyber attackers
are present both inside and outside of the network, and thus, the users or
machines should not be automatically trusted.
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Segmentation:
By
authentication type, the global zero-trust security market has been divided
into single-factor authentication and multi-factor authentication. The
multi-factor authentication segment is expected to have a larger market share
during the forecast period as multi-factor authentication (MFA) is one of the
core features of zero-trust security. In this process, a user is authenticated
with more than one way; such as only entering a password is not enough to gain
access. In addition to entering a password, the users are required to enter a
code that has been sent to another device, such as an SMS on mobile phone or
email verification. Thus, users are verified in two ways.
By
solution type, the global zero trust security market has been divided into data
security, network security, API security, security analytics, endpoint
security, security orchestration automation and response (SOAR), security
policy management and others. The network security segment is expected to have
the largest market size during the forecast period, as it is the most important
and core feature of the zero-trust security model.
Based
on organization size, the global zero trust security market has been
categorized as large enterprise and small- and medium-sized enterprises (SMEs).
The large enterprise segment is expected to account for the larger market share
during the review period. These enterprises adopt the solutions to protect
their network, end-points, data centers, devices, users, and applications from
unauthorized usage and malicious ransomware attacks.
Based
on deployment, the global zero-trust security market has been divided into
on-premise and cloud. The cloud segment is expected to grow with a faster CAGR
during the review period as these offer the benefits of cloud technology such
as speed, scalability, and enhanced IT security which attract SMEs as well as
large enterprises.
On
the basis of vertical, the global zero trust security market has been divided
banking, financial services, and insurance, IT & telecom, government &
defense, energy & power, healthcare, retail & e-commerce, and others.
The BFSI vertical is expected to register the highest CAGR during the forecast
period due to advanced features such as ‘least-privilege access’ provided by
zero trust security and also these firms are investing in cyber solutions to
keep their network secure.
By
region, the global zero trust security market has been segmented into North
America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis
By
region, the global zero trust security market has been segmented into North
America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the largest market due to the presence of a
large number of zero-trust security vendors in the region and the need of large
enterprises as well as SMEs for a solution that offers an effective
authentication process.
Key Players
The Key
Players in the Global Zero Trust Security Market are Cyxtera Technologies
(US), Illumio (US), Symantec Corporation (US), OKTa (US), Cloudflare (US),
Check Point Software Technologies (Israel), Pulse Secure (US), Palo Alto
Networks, Inc. (US), Cisco Systems, Inc (US), IBM Corporation (US), Akamai
Technologies (US), Google (US), Forcepoint (US), Centrify (US) and Sophos Group
PLC (UK).
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Zero
Trust Security Market Research Report: By Authentication Type (Single-Factor
Authentication and Multi-Factor Authentication), Solution Type (Data Security,
Network Security, API Security, Security Analytics, Endpoint Security, Security
Orchestration Automation and Response (SOAR), Security Policy Management,
Others), Deployment (On-Premises and Cloud), Organization Size (SME and Large
Enterprise), Vertical (Banking, Financial Services and Insurance, IT &
Telecom, Government & Defense, Energy & Utilities, Healthcare, Retail
& E-commerce, and others), Region (North America, Europe, Asia-Pacific,
Middle East, and Africa and South America) - Forecast till 2025
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