August 5th, 2021
Global Zero Trust Security Market
The GMI Research forecasts that the Zero Trust Security Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increasing frequency of target-based cyberattacks and rising norms for data protection and information security.
Introduction of the Zero Trust Security Market
Zero trust is a network security philosophy stating that the network should be trusted unless their identification has been thoroughly checked. The system operates on the assumption that threats both outside and inside of the network are an omnipresent factor.
Key Players of the Global Zero Trust Security Market:
· Akamai Technologies
· Okta Inc.
· Trend Micro Inc.
· Symantec Corporation
· McAfee Corporation
· Palo Alto Networks
· Check Point Software Technologies
· IBM Corporation
· FireEye Inc.
Zero Trust Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The favorable strategic initiatives by major organizations and the extensive trend of work from home, BYOD devices, and internet saturation is promoting individuals towards the implementation of digital technologies like cloud solutions are the crucial drivers contributing to the growth of the zero-trust security market. The robust demand from the IT sector is strengthening the market size. This architecture assists the enterprise to sustain network security with risk management and automation. Cisco, in October 2018, acquired Duo Security, a solution supplier of tight access security and multi-factor verification delivered through the cloud, which has brought healthy competition in the market. Perimeter 81 Ltd., In 2019, officially declared the initiation of Zero Trust application access. This solution effortlessly employs different security layers of user and device trust policy validation which has impelled the market growth. However, budgetary restraints across the transpiring start-ups in emerging nations will hamper the zero-trust security market share.
Deployment Segment Drivers
Based on the deployment, the cloud is expected to witness faster growth in the near future. The mode advances organizations with cloud-based solutions extending measurability, speed, and better IT security. The installation of more submissions over the cloud will intensify the market demand across large enterprises and SMEs.
Organization Size Segment Drivers
Based on the organization size, large enterprises are predicted to increase at a higher rate. This is because these enterprises are remodeling their safety procedures and structural design to secure important assets from numerous cyber-attacks. These organizations are adopting these solutions to preserve endpoints, data centers, networks, users, devices, and applications from illegal usage and ransomware attacks.
Based on the regional coverage, Europe is contemplated to hold a major share in the market during the forecast period. This is primarily attributed to the increasing number of GDPR related data violations by 66% from 2018 May to 2019 May stated by the report published by Linklaters; a global law firm has proliferated the market share. In addition, the robust prevalence of leading players, like IBM, Cisco Systems Inc., Microsoft Corporation, has enlarged the market growth.
Zero Trust Security Market Segmentation:
Segmentation by Deployment
Segmentation by Organization Size
· Small and Medium-Sized Enterprises
· Large Enterprises
Segmentation by Vertical
· Healthcare and Social Assistance
Segmentation by Region:
· North America
o United States of America
· Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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