Research Nester published a report titled “Zero Trust Security Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalzero trust security market in terms of market segmentation by solution type, deployment, enterprise size, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global zero trust security market is estimated to occupy a sizeable revenue and grow at a CAGR of ~18% during the forecast period, i.e., 2022 – 2030, owing to the rising number of target-based cybersecurity attacks, strict government protocols about information security and increasing digitization across developing nations. Along from these, escalating demand for zero trust security services as a result of growing IoT traffic is also expected to drive market growth.
The global zero trust security market is segmented by solution type, deployment and enterprise size. Based on solution type, the data security segment is anticipated to grab the largest market share during the forecast period on the back of increasing amount of data among organizations and the growing need to ensure its safety. Additionally, by deployment, the cloud segment is projected to observe the highest growth in the future ascribing to the high speed, scalability and IT security offered by cloud services.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the growing investments and partnerships by the key players in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the coming years owing to the high adoption of digital banking services and increasing internet usage in the region.
Increasing Number of Target-Based Cyberattacks to Expand Market
The world has observed a surge in the number of attacks that target networks, endpoints, cloud-based applications, on-premise devices and several other IT infrastructures to steal critical information worth considerable amount of money. Organizations are willing to implement any security measure that prevent losses of finances, property and information, now more than ever. This in turn is anticipated to be a crucial factor driving the market growth in the near future.
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However, absence of appropriate budget in startups to implement zero trust security services is expected to operate as key restraint to the growth of the global zero trust security market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global zero trust security market which includes company profiling of Cisco Systems Inc., Palo Alto Networks, Trend Micro Inc., Akamai Technologies, IBM Corporation, Symantec Corporation, Microsoft Corporation, McAfee Corporation, RSA Security, Okta Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global zero trust security market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Global Zero Trust Security MarketThe 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 MarketZero 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 TechnologiesOkta Inc.Trend Micro Inc.Symantec CorporationMcAfee CorporationForcepointPalo Alto NetworksCheck Point Software TechnologiesIBM CorporationFireEye 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.
However, budgetary restraints across the transpiring start-ups in emerging nations will hamper the zero-trust security market share.Deployment Segment DriversBased 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.
