According to the report by Expert Market Research (EMR), the global zero trust security market size is projected to grow at a CAGR of 17.30% between 2024 and 2032. Aided by the escalating cyber threats and the increasing need for stringent data security measures, the market is expected to grow significantly by 2032.
Zero trust security, a strategic approach to cybersecurity that eliminates implicit trust and continuously validates every stage of digital interaction, has gained immense popularity. This model is grounded in the principle of “never trust, always verify,” which is increasingly relevant in today’s digital landscape where cyber threats are becoming more sophisticated.
The zero trust security market growth is primarily driven by the rising incidence of cyber-attacks and data breaches, which have heightened concerns over network and data security across various sectors. As traditional security perimeters become obsolete in the face of cloud computing and mobile workforces, zero-trust security presents a more dynamic and effective approach to safeguarding sensitive data and systems.
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Another significant driver for zero trust security market demand is the increasing adoption of cloud-based services and the Internet of Things (IoT), which have expanded the attack surface for potential cyber threats. Zero trust security provides a comprehensive framework to secure these diverse and distributed environments by continuously monitoring and authenticating user access.
The market is also fuelled by regulatory compliance requirements, as businesses around the world face stringent data protection laws. Zero trust security models help organisations meet these regulatory demands by providing robust mechanisms for data protection and access control.
As per the zero trust security market analysis, technological advancements, such as machine learning and artificial intelligence, are further contributing to the market growth by enhancing the capabilities of zero trust security solutions. These technologies enable more accurate threat detection and response, making zero-trust models more effective and intelligent.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America holds a dominant position in the zero trust security market due to its advanced IT infrastructure, high awareness about cybersecurity, and the presence of leading zero-trust security providers. However, Asia-Pacific is witnessing rapid growth, driven by increasing digital transformation and growing cybersecurity awareness in the region.
Zero Trust Security Market Segmentation
The market can be divided based on solution type, deployment type, authentication type, organisation size, verticals, and region.
Market Breakup by Solution Type
- Network Security
- Data Security
- Endpoint Security
- API Security
- Cloud Security
- Others
Market Breakup by Deployment Type
- Cloud
- On-Premises
Market Breakup by Authentication Type
- Single-factor Authentication
- Multi-factor Authentication
Market Breakup by Organisation Size
- SMEs
- Large Enterprise
Market Breakup by Verticals
- IT and Telecom
- BFSI
- Healthcare and Social Assistance
- Retail
- Utilities
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Zero Trust Security Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global zero trust security market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cisco Systems, Inc.
- Akamai Technologies
- IBM Corporation
- Broadcom Inc.
- McAfee Enterprise
- Others
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