Key Highlights
• In recent years, Zero Trust Security has grown more noticeable, using an authentication mechanism to allow authorization to the program and identifying the authentication rights depending on both its usage and the device. Basic authorization permissions include user and device identity management to determine whether the company administers the device. The notion of element of trust is eradicated in an enhanced security version called zero trust, which substitutes it. Traditional and redundant approaches to security emphasis on strapping on special security tools to protect the boundaries thereby entrusting every resource within it.
• With a CAGR of 16.2%, the Worldwide Zero Trust Security Market is projected to generate amount of revenue of USD 24.12 billion in 2021 and USD 132.53 billion in 2032.
• Feb'21 - In order to enhance its zero-trust security framework, Cloudflare, Inc. opted to invest in Area 1 security. The cloud-native platform from Area 1 Security easily integrates with any email account, preventing malicious activity by anticipatorily identifying them and eliminating individuals before they can cause damage in a business context.
• Over the coming decades, it is expected that the worldwide market for zero-trust security will keep on expanding. The increase in IoT connectivity among companies and organizations, as well as the growing preference for increased transparency into data theft, security concerns, as well as other issues, are both fully accountable for the market's development. Organizations involved in zero trust security are therefore capable of making substantial investments in establishing solutions that boost the end-user experience.
Scope of the Industry Profile
Key Players
• Cisco Systems Inc.
• IBM
• Akamai Technologies Inc.
• Zscaler
• VMware, Inc.
• Microsoft Corporation
• Cloudflare
• Cyxtera Technologies
• Palo Alto Networks
• Symantec Corp.
• McAfee Corp.
Segmentation
By Industry
• Manufacturing
• Healthcare
• Retail
• Energy and Utilities
• BFSI
• Government
• IT and Telecom
• Other Industries
By Security Type
• Network Security
• Data Security
• Endpoint Security
• Cloud Security
• Others
By Authentication
• Single Factor Authentication
• Multi-Factor Authentication
By Deployment
• Cloud Based
• On-Premises
By Component
• Software
• Solution
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Zero Trust Security market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the global Zero Trust Security market.
3. Leading company profiles reveal details of key Zero Trust Security market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Zero Trust Security market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In June’22, The expansion of Tenable's agreement with MISA was revealed by Microsoft Corporation. By creating zero trust frameworks and other cybersecurity instruments, Microsoft and Tenable will improve the US Government's ability to swiftly identify, examine, prioritise, and respond to threats and aid in enhancing the security posture.
• In May’22, By declaring the expanding of strategic alliance, Palo Alto Networks & Deloitte made their well-known cybersecurity technology suite accessible in outcome-based, guided solutions from Deloitte to their own shared US Clients which also allow the Zero Trust Business for US Organizations and provide threat detection and 5G security.
• In March’22, A budget of USD 10.9 billion was suggested by the US president for cybersecurity, with roughly 2.2 billion of that amount going to the Bureau of Homeland Security's (CISA) Cybersecurity & Infrastructure Security Agency, an increase of USD 500 million compared to the previous year. The implementation of the zero trust security framework is rendered possible by such government investments in cybersecurity at various stages.
Segment Insights
The competition for cloud-based network monitoring protection interventions is anticipated to grow during the anticipated time period as businesses increasingly use cloud-based implementation strategies as a result of an increase in work from home options. A data breach is currently the top issue in firms due to the vast amounts of crucial and private data generated each day. As a result, data security is anticipated to aid in the market's expansion. In terms of authentication, the zero-`trust security was dominated by the secure single factor authentication segment in 2022 and is expected to grow during forecasted period.
Regional Insights
The highest CAGR is anticipated in Asia Pacific between 2023 to 2032. The need to track secure network access across community, banking, pharmaceutical, and e-commerce entities is the primary factor driving the regional market's growth. North America accounted for approx. 35% of worldwide market revenue in 2022 and is predicted to grow significantly between 2023 to 2032. Due to the stringent regulatory structure present throughout European region, many companies are anticipated to employ zero-trust security mechanisms to safeguard customer information.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 ZERO TRUST SECURITY MARKET
OVERVIEW, BY INDUSTRY
6.1 Global Market Revenue & Share Analysis, By Industry
6.1.1 Manufacturing
6.1.2 Healthcare
6.1.3 Retail
6.1.4 Energy and Utilities
6.1.5 BFSI
6.1.6 Government
6.1.7 IT and Telecom
6.1.8 Other Industries
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 ZERO TRUST SECURITY MARKET
OVERVIEW, BY SECURITY TYPE
7.1 Global Market Revenue & Share Analysis, By Security Type
7.1.1 Network Security
7.1.2 Data Security
7.1.3 Endpoint Security
7.1.4 Cloud Security
7.1.5 Others Types
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 ZERO TRUST SECURITY MARKET
OVERVIEW, BY AUTHENTICATION
8.1 Global Market Revenue & Share Analysis, By
Authentication
8.1.1 Single Factor Authentication
8.1.2 Multi-Factor Authentication
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 ZERO TRUST SECURITY
MARKET OVERVIEW, BY DEPLOYMENT
9.1 Global Market Revenue & Share Analysis, By Deployment
9.1.1 Cloud Based
9.1.2 On Premises
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 ZERO TRUST SECURITY MARKET OVERVIEW,
BY COMPONENT
10.1 Global Market Revenue & Share Analysis, By Component
10.1.1 Software
10.1.2 Solution
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 ZERO TRUST SECURITY MARKET OVERVIEW,
BY REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By Industry
12.2 North America Market Revenue & Share Analysis, By Security
Type
12.3 North America Market Revenue & Share Analysis, By
Authentication
12.4 North America Market Revenue & Share Analysis, By
Deployment
12.5 North America Market Revenue & Share Analysis, By
Component
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Industry
13.2 Europe Market Revenue & Share Analysis, By Security Type
13.3 Europe Market Revenue & Share Analysis, By Authentication
13.4 Europe Market Revenue & Share Analysis, By Deployment
13.5 Europe Market Revenue & Share Analysis, By Component
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Industry
14.2 APAC Market Revenue & Share Analysis, By Security Type
14.3 APAC Market Revenue & Share Analysis, By Authentication
14.4 APAC Market Revenue & Share Analysis, By Deployment
14.5 APAC Market Revenue & Share Analysis, By Component
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Industry
15.2 MEA Market Revenue & Share Analysis, By Security Type
15.3 MEA Market Revenue & Share Analysis, By Authentication
15.4 MEA Market Revenue & Share Analysis, By Deployment
15.5 MEA Market Revenue & Share Analysis, By Component
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Industry
16.2 SA Market Revenue & Share Analysis, By Security Type
16.3 SA Market Revenue & Share Analysis, By Authentication
16.4 SA Market Revenue & Share Analysis, By Deployment
16.5 SA Market Revenue & Share Analysis, By Component
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Product Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 Cisco Systems Inc.
18.2.1.1 Business Overview
18.2.1.2 Products Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 IBM
18.2.3 Akamai Technologies Inc.
18.2.4 Zscaler
18.2.5 VMware Inc.
18.2.6 Microsoft Corp.
18.2.7 Cloudflare
18.2.8 Google
18.2.9 Cyxtera Technologies
18.2.10 Palo Alto Networks
18.2.11 Other Players
19 DISCLAIMER
20 APPENDIX
