Zero Trust Security Market By Component (Solution, Services), By Deployment Model (On-premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Authentication (Single-factor Authentication, Multi-factor Authentication), By Industry Vertical (BFSI, Government, IT and Telecom, Manufacturing, Healthcare, Retail, Energy and Utilities, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The continuing advancement of technology and internet connectivity over time has increased the potential impact of both internal and external threats. According to a review of reported attacks and incursions, the rate of records exposed and data breaches appear to have risen over time. Additionally, attacks like the difficult and disruptive WannaCry ransomware provide illegal access, result in data loss, and cost businesses money. Due to the average cost of a data breach in an organization being $4 billion, vulnerability assessment tools are now required to scan for and identify internal and external vulnerabilities. Due to the changing cyber threat landscape and its repercussions, the risk assessment business is investing more in cutting-edge technology like analytics and Artificial Intelligence (AI). Furthermore, continued investments in cutting-edge vulnerability management solutions have been proven to reduce hostile attacks. The growing investments in security strategy suggest that end users are better prepared to deal with vulnerability threats, and throughout the forecast period, the zero-trust security industry is anticipated to have considerable growth.
Proliferation of endpoint devices and increase in use of cloud computing have made it necessary to put in place a zero-trust security framework. Businesses these days rely heavily on computerized systems and networking technology, which makes them vulnerable to cyberattack and open to unwanted access to their network. The COVID-19 pandemic's remote working restrictions have also increased the demand for a secure architectural framework that would impose multi-factor authentication for access to critical data. Consequently, the need for security solutions is being driven by the need to secure complex networks, improve network management visibility, and counter the internal and external danger from unauthorized access, which is anticipated to spur market expansion throughout the forecast period.
The zero trust security market is segmented on the basis of security type, deployment model, organization size, authentication outlook, application and region. Based on security type, it is segmented into network security, data security, endpoint security, cloud security, and others. Based on deployment model, the market is categorized into on-premise and cloud. Based on organization size, the market is categorized into SMEs and large enterprises. Based on authentication, it is further categorized into single-factor authentication and multi-factor authentication. Based on application, the market is categorized into BFSI, IT and telecom, retail, healthcare, and other. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key players operating in the market include Cisco, Akamai, IBM, ZScaler, VMware, Microsoft, Cloudflare, Google, Cyxtera Technologies, SonicWall, Palo Alto Networks, Check Point Software Technologies, Trend Micro, Inc., Symantec Corp., FireEye, Inc., McAfee Corp.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the zero trust security market analysis from 2021 to 2031 to identify the prevailing zero trust security market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the zero trust security market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global zero trust security market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Deployment Model
By Enterprise Size
By Industry Vertical
Energy and Utilities
IT and Telecom
Rest of Europe
Rest of Asia-Pacific
Key Market Players
Cisco Systems Inc.
Akamai Technologies Inc.
Palo Alto Networks
Check Point Software Technologies
Trend Micro, Inc.
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