Growing Number of Target-Based Cyberattacks and Increased Mobility And Third Party Access To Drive The Global Zero Trust Market :

Market Research Future (MRFR) will be publishing a cooked research report on the “Global Zero Trust Market” that contains information from 2018 to 2030. 


MRFR recognizes the following companies as the key players in the global Zero Trust market: Cisco Systems, Inc. (US), IBM (US), Akamai Technologies (US), Google LLC (US), Check Point Software Technologies Ltd. (Israel), and Pulse Secure, LLC. (US), Palo Alto Networks.(US), Zscaler, Inc. (US),  Deloitte Touche Tohmatsu Limited (UK), Accenture (UK), PWC (UK), Tata Consultancy Service Limited (India), Microsoft Corporation (US), Amazon.Com (US), EY (US), KPMG (Netherlands), Boston Consultancy Group (US), and McKinsey & Company (US).


Market Highlights


The global Zero Trust market is estimated to register a CAGR of over 15.4% to reach USD 87,775.45  Million by the end of 2030.


The major factor for this boom can be attributed to an increased organization’s losses associated with cyber-attacks. Threat actors have rapidly increased in sophistication over the last couple of years, using methods that make them harder to spot and that threaten even the savviest targets. Shifting business models, and remote working practices due to the pandemic increased BOYD programs, surged in cloud adoption, and increased device and connectivity complexity have led many organizations to adopt the zero trust security model. Zero trust security is designed to address deficiencies of legacy networks by transitioning to a model based on the principle of “trust none, verify all.” Instead of granting unlimited access to corporate resources, a Zero Trust security strategy offers access on a case-by-case basis.


Access full report @ https://www.marketresearchfuture.com/reports/zero-trust-security-market-8642


COVID-19 Impact Analysis


Many organizations made substantial cuts in spending in almost every category, and observed flat or increasing technology budgets in most organizations. Many leading technology providers reported that the pandemic brought an opportunity to quickly recalibrate technology investments, and in many cases, hastening the existing investment plans. One of the most interesting aspects of the pandemic crisis is that, for several companies, the pandemic was more of an accelerator than an obstacle. Remote work, digital economy, supply chain enhancements, automation, and enhanced customer experience have changed technology spending among organizations. Some of the key areas were the key priority of the organizations. Furthermore, spending on cloud, automation, AI, and IoT technologies has witnessed a significant surge. The application development industry significantly accelerated during the pandemic due to increased online interaction to avoid physical interaction. Therefore, zero trust security spending also increased during the pandemic, along with key IT areas spending. For instance, In April 2020, Google launched the zero-trust approach-based product BeyondCorp Remote Access. This product allows employees to access internal web applications from any device, and from any location, without a virtual private network or VPN.


Segment Analysis


 The global Zero Trust market has been segmented on the basis of capability, offering, deployment, vertical, and region.


The global Zero Trust market, based on Capabilities has been segmented into identity, workloads, data, network, devices, telemetry and analytics, automation, and orchestration.


The global Zero Trust market, based on offer, has been segmented into software, consulting services, managed services, and other professional services.


The global Zero Trust market, based on deployment, has been segmented into on-premises(licensed), and Cloud(SaaS). 


The global Zero Trust market, based on vertical, has been segmented into BFSI, IT and telecommunication, government and defense, healthcare, energy and power, retail and E-commerce, and others.


The global Zero Trust market, based on type, has been segmented into banking, financial services, and insurance.


Key Findings of the Study:



  • The global Zero Trust market is projected to reach a value of USD 87,775.5 million by 2030, with a CAGR of around 15.4 % during the forecast period from 2022 to 2030.

  • North America accounted for the largest market share in 2021. The region is witnessing higher Zero Trust security market growth as the region has pioneered the utilization of advancing technologies.

  • Europe is expected to be the second-largest market in 2021. The increasing use of mobile devices and cloud-based networking has contributed to this surge. With more people using the Internet, more IoT devices being adopted, and stricter government and industry security rules for corporate processes, the zero-trust security market will expand more quickly.

  • The  US is among the top contributors to the zero trust security market. to the adoption of fuel cards in the region.

  • High demand among enterprises across verticals is the key opportunity in this market.