Zero Trust Security Market Research
Report- Forecast till 2025
Market Highlights
As
per the research by Market Research Future Reports (MRFR), the global zero
trust security market is anticipated to record a CAGR of 15.4% and value USD
32.15 billion by the end of 2025. The increasing target-based cyber-attacks is
the most significant factor driving the global zero trust security market 2020.
Moreover, there has been an increasing initiative by governments that are
augmenting the global zero-trust security market. Moreover, it integrates
various technologies. It assures reliability, simple, and cost-effectiveness,
which is estimated to be a significant factor in driving the global market.
Besides, there has been development in machine learning, which further makes
the security sector stronger. In addition, the established and the upcoming
entities are inclining towards the cloud-based technology, which is likely to
augment the market. The competitors are adopting innovative methods to retain
their position in the market. However, the inefficient budgets allotted by the
SMEs can act as a restricting factor in the market expansion.
The
research performed by MRFR tracks the aftermath of the COVID-19 pandemic.
Furthermore, a precise evaluation of factors augmenting and impeding the market
in the post-COVID-19 environment has been analyzed. We will provide COVID-19
impact analysis with the report.
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Segmentation:
The
worldwide zero trust security market can be segmented on the grounds of
solution type, deployment, authentication type, organization size, and region.
Based
on solution type, the global zero trust security market can be classified into
security policy management, network security, data security, API security,
endpoint security, security analytics, security orchestration automation and
response (SOAR), and others.
Based
on deployment, the worldwide zero trust security market can be classified into
on-premise and cloud.
Based
on the authentication type, the worldwide zero trust security market can be
classified into multi-factor authentication and single-factor authentication.
Based
on organization size, the worldwide zero trust security market can be
classified into small- and medium-sized enterprises (SME) and large
enterprises.
Based
on vertical, the worldwide zero trust security market can be classified into IT
& telecom, banking, financial services, and insurance, government & defense,
healthcare, retail & e-commerce, energy & power, and others.
On
the basis of region, the worldwide zero trust security market can be classified
into North America, Europe, Asia-Pacific, the Middle East & Africa, and
South America.
Regional Analysis
The
regional study of North America, Europe, Asia-Pacific, the Middle East &
Africa, and South America has been conducted. The market is estimated to expand
significantly during the forecast period. As per the analysis by MRFR, North
America is estimated to seize the maximum market share since it is the most
technically developed region. Besides, the adoption of digitalization is very
fast, which augments the market region. Among all nations, the US makes the
most significant contribution to market expansion. On the other hand, the
Asia-Pacific region is anticipated to be the fastest-growing market during the
assessment period. The most significant reason for market expansion is the
increasing adoption of cloud-based technologies, which has resulted in frequent
cyber-attacks.
However,
the outbreak of pandemic coronavirus has affected several regional markets. The
constant lockdown observed in several regions has changed the structure of the
existing market.
Key Players
The
established competitors of the worldwide zero-trust security market are IBM
Corporation (US), Cisco Systems, Inc (US), Akamai Technologies (US), Check
Point Software Technologies (Israel), Google (US), Pulse Secure (US), Symantec Corporation (US), Palo Alto
Networks, Inc. (US), OKTa (US), Forcepoint (US), Cloudflare (US), Centrify (US), Illumio (US), Cyxtera Technologies
(US), Sophos Group PLC (UK) and a few others.
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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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