Global Zero Trust Security Market is expected to register a CAGR of around 16% over the period of 2021-2027. This is mainly due to the continuously increasing target-based cyber-attacks, the need to reduce business and organizational risks, and the digitalization of prominent industry verticals. Moreover, the advancing digital infrastructure in developing countries will also affect its market positively. “Zero Trust” is a security framework, it requires security configurations and status to be authenticated, approved, and continuously validated before all users, inside or outside the corporate network, are granted or retained access to applications and data.
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Based on the security type, the market is divided into network security, data security, endpoint security, cloud security, and others. The endpoint security segment accounted for a commendable share of the global zero trust security market in 2020 and is anticipated to witness a robust CAGR during the forecast period owing to the digital transformation of businesses, which has increased the usage of endpoint devices, such as mobiles, laptops, personal computers, and others.
On the basis of authentication type, the market is categorized into single-factor authentication and multi-factor authentication. Among these two, the multi-factor authentication type held a noteworthy share of the global zero trust security market in 2020 and is expected to grow at a substantial CAGR during the forecast period mainly owing to the rapid adoption of multi-factor authentication due to the high level of security provided by multi-factor authentication.
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For a better understanding of the market adoption of zero trust security, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. North America is expected to grow at a steady growth rate owing to the presence of key market players in the region and the quick adoption of new technologies. In addition, the increasing focus on cyber security in the major economies in the region is further contributing to the growth of this market. For instance, in March 2021, the President of the U.S. made cybersecurity, a critical element of the Department of Homeland Security’s (DHS) mission, a top priority for the Biden-Harris Administration at all levels of government.
Some of the major players operating in the zero trust security market are Palo Alto Networks Inc., Cisco Systems Inc., International Business Machines Corporation, Fortinet Inc., Citrix Systems Inc., Sophos Group plc, Check Point Software Technologies Ltd., VMware Inc., Microsoft Corporation, and Akamai Technologies Inc.
Global Zero Trust Security Market Segmentation
Market Insight, by Security Type
- Network Security
- Data Security
- Endpoint Security
- Cloud Security
- Others
Market Insight, by Authentication Type
- Single-factor Authentication
- Multi-factor Authentication
Market Insight, by Deployment
- On-premises
- Cloud
Market Insight, by Organization Size
- Large Enterprises
- SMEs
Market Insight, by Industry
- Information and Communication Technology
- Banking and Financial Services
- Retail
- Healthcare
- Others
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- France
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Palo Alto Networks Inc.
- Cisco Systems Inc.
- International Business Machines Corporation
- Fortinet Inc.
- Citrix Systems Inc.
- Sophos Group plc
- Check Point Software Technologies Ltd.
- VMware Inc.
- Microsoft Corporation
- Akamai Technologies Inc.