Uploaded on Dec 8, 2020
The Global Zero Trust Security Market is expected to register a CAGR of 15.4% during the forecast period to reach USD 32.15 Billion by 2025
Zero Trust Security Industry
Market Highlights
Most businesses use conventional security infrastructure, which works using the now outdated idea
that something that is stored within their own network can be considered to be trusted. Security
threats will emerge internally in modern times, and with far more intellect than it has ever been.
New methods of protection need to be checked to avoid the proliferation of vulnerabilities within
organisations. Standard security techniques, as described above, only prevent risks from being
targeted from outside the organisation.
Zero Trust technology is a choice for companies that need a more secure way to avoid sensitive data
leakage and reduce the risk of emerging cyber-attacks targeting their organization. The analytics
company, Forrester Research, originally developed Zero Trust, and it is advertised as an answer to
conventional security architectures. Throughout the forecast period, the global zero trust security
market is projected to record a CAGR of 15.4 per cent to hit the US$32.15 billion mark by 2025.
A number of large companies are recognizing the opportunity and advantage of using a Zero Trust
model for business security systems. The key reason why zero-trust protection approaches are
implemented highly is the high incidence of goal-based cyberattacks. Other factors influencing the
demand are the increasing number of cyber threats due to the proliferation of cloud-based
solutions and increased digitalization. In addition, SMEs' budget limitations are anticipated to be a
restraint to business growth in the global zero trust security market.
Segmentation:
The Global Zero-Trust Security Industry was fragmented based on Type of Authentication,
Deployment, Type of Solution, Size of the Organization, Vertical and Region / Country. The Global
Zero-Trust Security Market has been categorized into single-factor authentication and multi factor
authentication by authentication method.The global zero trust security industry has been
categorized by solution type into network security, data security, API security, endpoint security,
security policy management, security analytics, SOAR, amongst others. The global zero trust
security market has been categorized into medium and small-sized and large companies based on
organizational size. The worldwide zero-trust security market has been segmented into financial
services and insurance, banking, information technology and telecom, government & defence,
healthcare, energy and power, retail, and e-commerce, among others.
Regional Overview
It is projected that the worldwide zero-trust Security Market will record a 15.4 per cent CAGR
throughout the forecast period. The worldwide zero trust security market geographic study is
conducted for Europe, North America, Asia-Pacific, Middle East & Africa, and markets of South
America. As the most technologically developed country, North America holds the largest share in
the market, and the digitalization rate in the regional market is very high. The US dominates the
North American market, because it has a strong digital transition penetration with large amounts of
sensitive data being produced, and the country's top need for zero-trust security solutions. Due to
the large number of cyber attacks attributable to the adoption of cloud-based services, Asia-Pacific
is projected to become the rapidly growing region in the worldwide zero trust security market
throughout the forecast period.
Industry News
Google has made BeyondCorp Remote Access accessible, introducing the first consumer product
focused on Google's revolutionary zero-trust solution to cyber security, which has already used for
a decade. The cloud-based software allows workers to access web apps from most devices
anywhere, without a conventional private virtual remote access network.
Comments