The global zero trust security solutions market size is expected to reach USD 69.85 Billion in 2028 and register a steady revenue CAGR of 17.2% over the forecast period, according to latest analysis by Emergen Research. Major factors driving market revenue growth are increasing numbers of cyberattacks, presence of stringent regulations for information security and data protection, and increasing digitalization in developing countries. Zero trust security is an IT security framework that requires authentic verification from every single device, user, or machine that attempts to connect or access a private network.
Zero trust security solution uses advanced authentication technologies such as Multi-Factor Authentication (MFA), next-generation endpoint security technology, identity and access management (IAM), and identity protection. MFA is a type of verification method that requires a user or any device to provide two or more authentication values to provide access to a network or resource such as an online account, application, or VPN. North America accounted for largest revenue share in the global market in 2020. Increasing investment by private investors in network security infrastructure and robust presence of major companies are some key factors driving revenue growth of the market in this region.
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Key Highlights in the Report
BeyondCorp Remote Access, a product based on a zero-trust methodology, was introduced by Google in April 2020. With the help of this software, employees can access corporate web applications from any place and on any device, without the need for a VPN.
In 2020, the global market’s greatest revenue share belonged to the data security sector. This can be due to growing digital data volumes and evolving data security issues.
Over the course of the projected period, Asia Pacific is anticipated to post the quickest revenue CAGR. The market in this region is experiencing revenue growth due to an increase in SMEs and advances in the IT industry..
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The research is an in-depth examination of product and technology breakthroughs that includes a geographical analysis of every product and market application. The report’s main goal is to provide information about the industry for Zero Trust Security Solutions. It offers a precise and strategic outlook of the industry together with an in-depth analysis of the market’s segments and sub-segments. In order to create a greater understanding of the international industry, it offers a comprehensive view of the sector.
Emergen Research has segmented the global zero trust security solutions market based on type, deployment mode, end-use and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Data Security
API Security
Endpoint Security
Security Policy Management
Security Analytics
Deployment Mode Outlook (Revenue: USD Billion; 2018–2028)
On-Premises
Cloud
End-Use Outlook (Revenue: USD Billion; 2018–2028)
BFSI
IT & Telecommunication
Retail & E-commerce
Healthcare
Energy and Utility
Others
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Competitive Terrain:
The Global Zero Trust Security Solutions Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The key players studied in the report are
Cisco Systems Inc.,
Akamai Technologies, Inc.,
Palo Alto Networks, Inc.,
Symantec Corporation,
Okta, Inc.,
Forcepoint, LLC.,
Centrify Corporation,
Cyxtera Technologies,
Illumio, and
Sophos Group Plc.
Regional Bifurcation of the Zero Trust Security Solutions Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of Table of Contents (TOC):
Overview of Global Zero Trust Security Solutions Market
Competitive analysis of the Zero Trust Security Solutions market
Regional analysis of Global Zero Trust Security Solutions market production and revenue
Regional analysis of Global Zero Trust Security Solutions market supply, consumption, and export & import
Type-based market analysis of global Zero Trust Security Solutions production, revenue, and price trends
Application-based analysis of the global Zero Trust Security Solutions market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Zero Trust Security Solutions market
Global Zero Trust Security Solutions market forecast (2021-2028)
Conclusion of the research report
Appendix
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