Zero Trust Security Market Analysis Report By Deployment, By Security Type, By Application Area, By Organization Size, By Authentication, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global zero trust security market was prized by USD 19.8 billion in 2020. It is estimated to witness 15.2% CAGR from 2021 to 2028.

Drivers

The propagation of endpoint apparatuses, together with the increasing acceptance of cloud technology, has generated the necessity for the execution of a zero trust security structure. The businesses are recently flourishing on computerized arrangement and networking machinery, which are likely to assault and susceptible to illegal admittance.

The distant working strategy, by reason of the Covid-19 pandemic, has additionally increased the necessity for a protected structural construction, which would implement multi feature verification for the admittance to critical information.

In this manner, the requirement to make safe composite networks, augment network management visibility, in addition to battle with the external and internal risks from illegal admittance is steering the demand for the safety resolutions and is projected to increase the expansion of the zero trust security market, during the forecast period.

Effect of Covid-19

To make safe their important information, the Covid-19 pandemic has assisted enterprises to understand the significance of a zero trust setting. The surroundings of the IT safety have significantly altered by means of a human resources working remotely via susceptible networking infrastructure.

The execution of a zero trust security method guarantees that merely official persons contain a discrete stage of admittance. This is constantly appraised with no addition of resistance for the user.

On the other hand, after the pandemic, companies are looking onwards to ongoing working distantly and perhaps seriously investing in the application of the zero trust design.

Authentication Insight

In 2020, the multi-factor authentication division held above 75.0% revenue share of the zero trust security market. It will develop by the highest CAGR, during the forecast period. The multi-factor authentication was extensively taken on through the industry because of the elevated stages of safety from multi stage approval.

The single-factor authentication division is projected to record a reasonable enlargement speed during the forecast period. The technique of the single-factor authentication merely confirms users by means of single record, like OTP against the username or password.

In such a form of verification, it is important to make use of a mixture of symbols, letters, numeric values and cases to make sure that a solid password is created because it strengthen the complication and period required for the hackers to make use of permutation and combination, used for admittance to the record.

Organization Size Insight

The large enterprise sector held highest, more than 76.0% revenue share of the zero trust security market, in 2020. The sector will maintain the leading place, all through the forecast period because of the programs, composite networking, and endpoints of large size companies which necessitate strong resolutions to protect information, by means of incessantly authorizing and recording verification concurrently.

The Small & Medium Enterprise (SME) sector is likely to record the highest CAGR, during the forecast period. Zero trust security makes sure that the users having right identification are in-house as well as faithful users and not hackers, which trust in phishing plus additional techniques to get unlawful admission to login identification. In this manner, the acceptance of a zero trust security form is rising between Small & Medium Enterprises (SME) used for apply multi stage approval confirmation.

Deployment Insight

The on-premises deployment section detained the major, above 77.0% revenue share of the market, in 2020. It is moreover likely to record the highest CAGR, during the forecast period because of the greater inclination for this sort of operation.

Organizations desire to maintain secret information in-house instead of turning it above a cloud supplier. This is anticipated to boost the demand for on-premises deployment, during the forecast period.

Enterprises, on the other hand, are transferring from on-premises to cloud sourced solution on account of the benefits, like cost-effectiveness. Therefore, the cloud-based deployment section is, furthermore, anticipated to record a major CAGR, during forecast period. The growing implementation of the public cloud is powering the demand for cloud sourced safety resolutions, designed for a zero trust security structure.

Security Type Insight

In 2020, the endpoint security section held above 27.0% revenue share and led the zero trust security market. Insist for the application of a zero trust form, intended for the endpoints, can be credited to the digital alteration of businesses. This has improved the use of the apparatuses like routers, personal computers, mobiles, servers, and laptops.

The cloud security section is expected to record a major CAGR, during forecast period. The demand for zero trust cloud security is impelled by the rising implementation of the cloud technology, through various businesses. The manufacturing, retail, healthcare, along with IT & telecom industries are slowly changing to cloud infrastructure because it offers extra suppleness along with the scalability and is lucrative to maintain.

Application Area Insight

The IT & Telecom sector held the largest, above 48.0% revenue share of the market, in 2020. It will maintain the foremost place, all through the forecast period. Augmented inclination for the cloud sourced infrastructure, in addition to digital use to obtain information and help business are the factors pushing the necessity for integrated, safe access and system resolutions.

The healthcare division is anticipated to record the highest CAGR, during the forecast period. Continuous improvement and execution of the technologies, like telehealth services along with the analytics, to make possible useful contact amid end-users as well as units, are pushing the requirement for safe network infrastructure services.

Regional Insight

In 2020, North America held more than 37.0% revenue share and led the global zero trust security market. It is projected to record a major CAGR, during the forecast period. The increasing demand for the resolutions regarding the zero trust security forms because of the growing expenditures on safety measures by the public and government establishments will impel the local market.

Besides, the augmented implementation of the digital technology, Internet of Things (IoT), and AI by large enterprises and SMEs, in addition to rising strictness in principles and procedures intended for retaining the safety of the information as well as confidentiality are adding to the expansion of the local market.

In contrast, Asia Pacific is likely to display the highest CAGR, during forecast period. The necessity to check the admittance to safe networks from unnecessary information violation through e-commerce, public, healthcare and financial enterprises is moving the enlargement of the local market. Numerous examples of information violation along with connected consequences have augmented the requirement for risk searching services.

Even now, the risk searching is in progression to recognize the basis of the information infringement directed by the illegal admittance. Moreover, as indicated by the Network Readiness Index (NRI), in 2020, the grade for the safe internet servers in Asia Pacific nations, like Thailand, Malaysia, and Singapore, are not at same level as contrast to additional Asian nations like South Korea, China, and Japan.

Therefore, by the consequences of serious threats through database networks and servers, the demand for the resolution making sure zero trust security execution, is likely to increase during the forecast period.

Companies

The tough contest amid the companies has caused them choosing for the business policies, like joint ventures, product upgrading along with new product presentation. The key market players are capitalizing on the altering external as well as internal IT safety settings.

The safety vendors are contending to attain greater shares of the market whereas the theory of zero trusts is fascinating numerous enterprises to take on safety resolution.

Some of the companies for zero trust security market are:

    • Cloudflare, Inc.
    • VMWare, Inc.
    • Forcepoint
    • FireEye, Inc.
    • IBM Corp.
    • Check Point Software Technologies
    • Akamai Technologies
    • SonicWall
    • Fortinet
    • Microsoft Corp.
    • McAfee Corp.
    • Symantec Corp.
    • Trend Micro, Inc.
    • Palo Alto Networks
    • Cisco Systems, Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global zero trust security market report on the basis of security type, deployment, organization size, authentication, application area, and region:

• Security Type Outlook (Revenue, USD Million, 2017 - 2028)
    • Network Security
    • Data Security
    • Endpoint Security
    • Cloud Security
    • Others

• Deployment Outlook (Revenue, USD Million, 2017 - 2028)
    • On-premises
    • Cloud

• Organization Size Outlook (Revenue, USD Million, 2017 - 2028)
    • SMEs
    • Large Enterprise
    • Authentication Outlook (Revenue, USD Million, 2017 - 2028)
    • Single-factor Authentication
    • Multi-factor Authentication

• Application Area Outlook (Revenue, USD Million, 2017 - 2028)
    • IT & Telecom
    • BFSI
    • Healthcare
    • Retail
    • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA