The Zero-Trust Security Market size is estimated to grow from USD 17.0 Billion in 2020 to USD 65.8 Billion by 2027, growing at a CAGR of 21.2 % during the forecast year from 2021 to 2027.
The “Zero-Trust Security – Market Analysis, Trends, and Forecasts 2021-2027 ” Study has been added to MarketDigits Market Research offering. The study focus on both qualitative as well as quantitative side and follows Industry benchmark and NAICS standards to built coverage of players for final compilation of study. Some of the major and emerging players profiled are Google LLC, Microsoft Inc., VMware Inc., Trend Micro Incorporated, Cloudflare, IBM Corporation, Fortinet, Check Point Software Technologies Ltd., Pulse Secure, and ON2IT.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Zero-Trust Security Market, By Solution (Network Security, Data Security, Endpoint Security, Zero Trust Security, API Security), Deployment mode (On-premise, Cloud), Organization Size, End User & Geography – Global Forecast to 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Zero-Trust Security Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2019-2021), Segment Revenue Market Share (%) by Players (2019-2021) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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The zero-trust security market size is estimated to grow from USD 17.0 Billion in 2020 to USD 65.8 Billion by 2027, growing at a CAGR of 21.2 % during the forecast year from 2021 to 2027. The research covers the current and historic zero-trust security market size and its growth trend with company outline of Key players/manufacturers: Google LLC, Microsoft Inc., VMware Inc., Trend Micro Incorporated, Cloudflare, IBM Corporation, Fortinet, Check Point Software Technologies Ltd., Pulse Secure, and ON2IT among others.
By deployment, the cloud segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period.
Zero trust security solutions can be deployed on-premises, as well as offered as a cloud offering as per the business requirements. The on-premises deployment model enables organizations to have more control over all the zero-trust security solutions such as next-generation firewalls and next-generation intrusion prevention system.
The cloud deployment model of zero-trust security solutions benefits enterprises with cloud-based solutions offering speed, scalability, and enhanced IT security. As more applications get deployed over the cloud, there is a growing demand for cloud-based zero trust security solutions among SMEs and large enterprises.
By organization size, the large enterprise segment is expected to hold a larger market
Large enterprises account for a higher market share in terms of revenue in the global zero trust security market. Large enterprises are reshaping their security policies and architecture to incorporate zero-trust to protect critical assets from various cyber-attacks.
Large organizations majorly adopt zero trust security to safeguard the network, end-points, data centers, devices, users, and applications from unauthorized usage and malicious ransomware attacks. Increasing penetration of MFA among large organizations to facilitate privileged access to servers and web applications is also promoting zero trust security market growth.
Furthermore, IT administrators in large organizations dealing with highly sensitive information demand for zero-trust security solutions to perform real-time security analytics of various security incidents. Zero trust security solutions help the IT security professionals in large enterprises to gain enhanced visibility of the network and effective policy enforcement across different departments in remote locations, thus, driving the zero trust security market growth.
By region, North America is expected to account for the largest market share during the forecast period.
The North American region has the presence of several prominent market players delivering advanced solutions to all the industry verticals in the regions. Apart from the geographical presence, strategic investments, partnerships, and significant R&D activities are thereby contributing to the hefty deployments of zero-trust security solutions.
Key players such as Palo Alto Networks, Inc., Symantec Corporation, Okta, Inc., Cisco Systems Inc., Akamai Technologies, Inc., Centrify Corporation, and Cyxtera Technologies, along with several start-ups in the region are offering enhanced zero trust security solutions & services to cater the needs of customers. Such factors are expected to fuel the growth of the zero trust security market in North America.
- In June 2019, Palo Alto Networks acquired PureSec to improve Prisma offering. PureSec is one of the players in serverless architecture security and supports all the serverless vendors, including AWS Lambda, Google Cloud Functions, Azure Functions, and IBM BlueMix.
- In May 2019, Okta opened its first office in Germany. This would enable the company to expand its footprint in the Europe region to generate more revenues by increasing its customer base in Europe.
- In April 2019, Cyxtera Technologies announced the launch of Risk Orchestrator to enhance the power, scale and reach of its Total Fraud Protection platform.
- In March 2019, Centrify announced the launch of a new cloud-based solution, Centrify Zero Trust Privilege. The platform will enable organizations to grant the least privilege access based on verifying who is requesting access, the context of the request, and the risk of the access environment.
- In February 2019, Symantec acquired Luminate Security, Software Defined Perimeter and Zero Trust innovator. The acquisition enabled Symantec to extend its portfolio in Integrated Cyberdefense.
Major Classifications are as follows:
- Network Security
- Data Security
- Endpoint Security
- Zero Trust Security
- API Security
- Security Analytics
- Security Policy Management
By Organization Size
- Small and medium Enterprises
- Large Enterprises
By End User
- IT and Telecom
- Energy and Power
All viewpoints in the report are based on iterative validation by engaging influencer, experts of the market, whose opinions supersede all other research methodologies. Both primary and secondary approach are used and detailed product portfolio / service offering were analysed and have been presented in a separate chapter of competitive landscape along with company profile.
Detailed Insights on Market Concentration Rate:
CR4, CR8 and HHI Index Analysis of Overall Market
Comparative Market Share Analysis (Y-o-Y)
Emerging Players – Heat Map Analysis
MarketDigits MR also offers Custom Research services providing focused, comprehensive and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter wise section or region wise report like North America, Europe or Asia.
Table of Contents
1 Market Overview
1.1 Global Zero-Trust Security Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Zero-Trust Security Type and Applications
2.1.3 Zero-Trust Security Sales, Price, Revenue, Gross Margin and Market Share (2021-2027)
3 Global Zero-Trust Security Market Competition, by Manufacturer
4 Global Zero-Trust Security Market Analysis by Regions
5 Region 1, Type, Application and Manufacturers
10 Global Zero-Trust Security Market Segment by Type
11 Zero-Trust Security Market Segment by Application
12 Zero-Trust Security Market Forecast (2021-2027)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
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