Zero-Trust Security Market by Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), Solution (Endpoint Security, Data Security, API Security, Network Security, Security Analytics, and Others), Industry Vertical (BFSI, Government & Defense, Healthcare, Retail, Energy & Utilities, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America), Global Forecast, 2018 to 2025
May 2020
Total Pages: 127
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Zero trusts are based on the strict principle of “not to trust” and always authenticate and verify. It is a tactical initiative that helps in preventing data breaches by eliminating the trust concept from any network architecture. It leverages network segmentation, granular user-access control, prevents lateral movement, and provides layer 7 threat prevention to protect modern digital environments from sophisticated threats.
The global zero-trust security market size is anticipated to reach nearly USD 38 billion by 2025. This can be attributed to the globally increasing number of cyber-attacks. Also, the increasing strict government regulations and compliance related to security are boosting the global zero-trust security market growth.
.png "Global Zero-Trust Security Market 2018-2025 (USD Billion)")
However, the less adoption among small & medium enterprises due to budgetary constraints is expected to hamper the market growth. Furthermore, the growing IoT traffic and increasing need for better visibility of network and systems are anticipated to provide growth opportunities for the zero-trust security market in the upcoming years.
Key Segments of the Global Zero-Trust Security Market
Authentication Type Overview, 2018-2025 (USD Billion)
- Single-Factor Authentication
- Multi-Factor Authentication
Solution Overview, 2018-2025 (USD Billion)
- Endpoint Security
- Data Security
- API Security
- Network Security
- Security Analytics
- Others
Industry Vertical Overview, 2018-2025 (USD Billion)
- BFSI
- Government & Defense
- Healthcare
- Retail
- Energy & Utilities
- Others
Regional Overview, 2018-2025 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global zero-trust security market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global zero-trust security market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the zero-trust security industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on authentication type, solution, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global zero-trust security market. The report will benefit: Every stakeholder involved in the zero-trust security market.
- Managers within the zero-trust security industry looking to publish recent and forecasted statistics about the global zero-trust security market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global zero-trust security market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Zero-trust security is a robust identity verification process security model that allows access only to the users or devices that are authenticated or verified by its security measures. The increasing adoption of cloud computing and virtualization among various organizations & industries is driving the demand for zero-trust security solutions and services globally. Moreover, with the cloud-based zero-trust security solutions, enterprises can avail their robust security with reduced costs and eliminate the need for costly hardware equipment such as cooling, power, and storage. Therefore, such factors combined boosting the adoption of zero-trust security solutions in enterprises.
Authentication Type Segment
In terms of the authentication type segment, the market is divided into multi-factor authentication and single-factor authentication type. In the year 2019, the single-factor authentication segment accounted for the highest market revenue and it is anticipated to hold the major market share throughout the forecast period. On the contrary, the multi-factor authentication segment accumulated the highest growth and it is expected to keep its position during the forecast period. The growth of this segment is mainly attributed to the increasing sophistication levels of threats.
Solution Segment
Based on the solution, the market is segmented into endpoint security, data security, API security, network security, security analytics, and others. The data security segment leads the market growth in 2019 and it is projected to hold its position during the forecast years. The growth of this segment is mainly attributed to the increase in the need to secure the business information and database such as employee database, customer details, financial information, and others.
Industry Vertical Segment
In terms of industry vertical, the market is segmented into government & defense, healthcare, BFSI, retail, energy & utilities, and others. The BFSI industry captured the major market share in 2019 and it is expected to do so throughout the forecast period. The growth of this segment is mainly attributed to the increasing cyber-attacks on banks and the individuals’ accounts. However, the government & defense industry is projected to gather the highest growth during the forecast period. The increasing need to secure government data security, network security, endpoint security, and other infrastructure is driving the adoption of zero-trust security solutions in this industry.
The North American region dominated the overall market in 2019 and it is expected to keep its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the existence of the majority of the zero-trust security solution and service providers in this region. However, the Asia-Pacific region is projected to experience the highest growth throughout the forecast period. The increasing adoption of digital payments and internet banking is anticipated to drive the market growth in this region.
.png "North America Zero-Trust Security Market, 2018-2025 (USD Billion)")
The major players of the global zero-trust security market are Forcepoint, Akamai Technologies, Centrify, Symantec, Palo Alto Networks, Cisco Systems, Sophos Group, Microsoft, Fortinet, and IBM. Moreover, the other prospective players in the zero-trust security market are Check Point Software Technologies, Cyxtera Technologies, Okta, Trend Micro Incorporated, and Cloudflare. The zero-trust security market comprises well established local as well as global players. Also, the already recognized market players are coming up with new innovative products and solutions to stay competitive in the global market.
Zero trusts are based on the strict principle of “not to trust” and always authenticate and verify. It is a tactical initiative that helps in preventing data breaches by eliminating the trust concept from any network architecture. It leverages network segmentation, granular user-access control, prevents lateral movement, and provides layer 7 threat prevention to protect modern digital environments from sophisticated threats.
The global zero-trust security market size is anticipated to reach nearly USD 38 billion by 2025. This can be attributed to the globally increasing number of cyber-attacks. Also, the increasing strict government regulations and compliance related to security are boosting the global zero-trust security market growth.
However, the less adoption among small & medium enterprises due to budgetary constraints is expected to hamper the market growth. Furthermore, the growing IoT traffic and increasing need for better visibility of network and systems are anticipated to provide growth opportunities for the zero-trust security market in the upcoming years.
Key Segments of the Global Zero-Trust Security Market
Authentication Type Overview, 2018-2025 (USD Billion)
- Single-Factor Authentication
- Multi-Factor Authentication
Solution Overview, 2018-2025 (USD Billion)
- Endpoint Security
- Data Security
- API Security
- Network Security
- Security Analytics
- Others
Industry Vertical Overview, 2018-2025 (USD Billion)
- BFSI
- Government & Defense
- Healthcare
- Retail
- Energy & Utilities
- Others
Regional Overview, 2018-2025 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global zero-trust security market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global zero-trust security market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the zero-trust security industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on authentication type, solution, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global zero-trust security market. The report will benefit: Every stakeholder involved in the zero-trust security market.
- Managers within the zero-trust security industry looking to publish recent and forecasted statistics about the global zero-trust security market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global zero-trust security market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increasing strict government regulations and compliance related to security
4.3.1.2 Increasing number of cyber-attacks
4.3.2 Restraints
4.3.2.1 Less adoption among small & medium enterprises due to budgetary constraints
4.3.2.2 Opportunities
4.3.3.1 Growing IoT traffic and increasing need for better visibility
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
Chapter 5 Zero-Trust Security Market by Authentication Type
5.1 Introduction
5.1.1 Single-Factor Authentication
5.1.2 Multi-Factor Authentication
Chapter 6 Zero-Trust Security Market by Solution
6.1 Introduction
6.1.1 Endpoint Security
6.1.2 Data Security
6.1.3 API Security
6.1.4 Network Security
6.1.5 Security Analytics
6.1.6 Others
Chapter 7 Zero-Trust Security Market by Industry Vertical
7.1 Introduction
7.1.1 BFSI
7.1.2 Government & Defense
7.1.3 Healthcare
7.1.4 Retail
7.1.5 Energy & Utilities
7.1.6 Others
Chapter 8 Zero-Trust Security Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Customer Targeting
Chapter 10 Company Profiles
10.1 Forcepoint
10.1.1 Overview
10.1.2 Products and Multi-Factor Authentication Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Akamai Technologies
10.2.1 Overview
10.2.2 Products and Multi-Factor Authentication Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Centrify
10.3.1 Overview
10.3.2 Products and Multi-Factor Authentication Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Symantec
10.4.1 Overview
10.4.2 Products and Multi-Factor Authentication Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Palo Alto Networks
10.5.1 Overview
10.5.2 Products and Multi-Factor Authentication Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 Cisco Systems
10.6.1 Overview
10.6.2 Products and Multi-Factor Authentication Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 Sophos Group
10.7.1 Overview
10.7.2 Products and Multi-Factor Authentication Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Microsoft
10.8.1 Overview
10.8.2 Products and Multi-Factor Authentication Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Fortinet
10.9.1 Overview
10.9.2 Products and Multi-Factor Authentication Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 IBM
10.10.1 Overview
10.10.2 Products and Multi-Factor Authentication Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies