Zero Trust Security Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Zero Trust Security Market
The global zero trust security market size was valued at USD 27.42 billion in 2022 and is projected to grow from USD 31.45 billion in 2023 to USD 95.22 billion by 2030, exhibiting a CAGR of 17.1% during the forecast period of 2023-2030.
The COVID-19 pandemic multiplied the adoption of Zero Trust Security because of the surge in far-off work and multiplied reliance on cloud-primarily based offerings, which heightened vulnerability to cyberattacks. Companies sought sturdy safety answers to guard sensitive facts, using massive calls for Zero Trust frameworks, impeding the zero trust security market growth.
The Zero Trust Security Market is driven by the upward push in cyber threats, extended faraway paintings, and the adoption of cloud services. Organizations are trying to enhance facts safety and get the right of entry to controls, as conventional security measures fall quickly.
Cloud-local security is a vital aspect of present-day zero-believe architectures. Zero believes answers are being designed to seamlessly integrate with cloud systems, ensuring complete safety for cloud workloads. As the adoption of serverless functions and bins keeps growing, the defense of these cloud-local components has become critical for zero acceptance, as confirmed by companies, expanding the zero trust security market share globally. This integration enables corporations to put in force a cohesive protection approach that addresses the unique challenges and vulnerabilities associated with cloud environments.
Comprehensive Analysis of Zero Trust Security Market
The Zero Trust Security Market is segmented by software, authentication type, and industry. Network protection leads in applications due to its non-stop consumer verification, while records safety is predicted to develop quickly, emphasizing encryption. In authentication, unmarried-aspect authentication become large in 2022. However, multi-aspect authentication is projected to grow notably. BFSI dominates the marketplace using an industry specializing in secure entry to economic records. At the same time, the healthcare quarter is expected to grow at the very best rate, ensuring legal access to affected person statistics.
The North America region led the zero trust security market by benefitting a size of USD 10.11 billion in 2022 due to its importance; implementing network micro-segmentation is a critical detail of Zero Trust Security (ZTS) in North America.
The leading players in the Zero Trust Security (ZTS) market play a pivotal role in shaping its growth trajectory and establishing industry standards. Key players such as Akamai Technologies (U.S.), Cisco Systems, Inc. (U.S.), Palo Alto Networks (U.S.), IBM Corporation (U.S.), Zscaler, Inc. (U.S.), Broadcom (U.S.), CrowdStrike (U.S.), Forcepoint (U.S.), Skyhigh Security (Musarubra US LLC) (U.S.), and Check Point Software Technologies (Israel) contribute to a competitive landscape that drives innovation and advancement in security protocols.
In November 2023, Palo Alto Networks delivered Strata Cloud Manager, an AI-driven Zero Trust management answer. This solution pursues to shield customer records by integrating the Artificial Intelligence (AI) era with the Zero Trust method.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 17.1% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Application
Network Security
Data Security
Cloud Security
Endpoint Security
Others (Application Security)
By Authentication Type
Single-factor Authentication
Multi-factor Authentication
By Industry
BFSI
Retail
IT & Telecom
Government
Healthcare
Others (Energy & Utilities)
By Region
North America (By Application, Authentication Type, Industry, and Country)
U.S. (By Industry)
Canada (By Industry)
Mexico (By Industry)
South America (By Application, Authentication Type, Industry, and Country)
Brazil (By Industry)
Argentina (By Industry)
Rest of South America
Europe (By Application, Authentication Type, Industry, and Country)
U.K. (By Industry)
Germany (By Industry)
France (By Industry)
Italy (By Industry)
Spain (By Industry)
Russia (By Industry)
Benelux (By Industry)
Nordics (By Industry)
Rest of Europe
Middle East & Africa (By Application, Authentication Type, Industry, and Country)
Turkey (By Industry)
Israel (By Industry)
GCC (By Industry)
North Africa (By Industry)
South Africa (By Industry)
Rest of the Middle East & Africa
Asia Pacific (By Application, Authentication Type, Industry, and Country)
China (By Industry)
Japan (By Industry)
India (By Industry)
South Korea (By Industry)
ASEAN (By Industry)
Oceania (By Industry)
Rest of the Asia Pacific
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