Latest added Zero-Trust Security Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Google LLC, Microsoft, VMware, Cloudflare, IBM, Fortinet, Check Point Software Technologies, Pulse Secure. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
This report studies the Zero-Trust Security Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Zero-Trust Security Market by companies, region, type and end-use industry.
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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.
Unlock new opportunities in Zero-Trust Security Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
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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
Table of Content:
Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source
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