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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.
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)
Solution Overview, 2018-2025 (USD Billion)
Industry Vertical Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
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.
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)
Solution Overview, 2018-2025 (USD Billion)
Industry Vertical Overview, 2018-2025 (USD Billion)
Regional Overview, 2018-2025 (USD Billion)
North America
Europe
Asia Pacific
Middle East and Africa
South America
Reasons for the study
What does the report include?
Who should buy this report?
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