Zero Trust Security Market Research Report - Global Forecast till 2027

Zero Trust Security Market Research Report: By Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), Solution Type (Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation and Response (SOAR), Security Policy Management, Others), Deployment (On-Premises and Cloud), Organization Size (SME and Large Enterprise), Vertical (Banking, Financial Services and Insurance, IT & Telecom, Government & Defense, Energy & Utilities, Healthcare, Retail & E-commerce, and others), Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America) - Forecast till 2027

ID: MRFR/ICT/7170-HCR | February 2021 | Region: Global | 111 pages

Zero Trust Security Market Overview


The Zero Trust Security market growth is highly influenced by the strict models and principles adopted by the Zero trust security solution. The increasing investments by the key market players are bringing in novel solutions in the Zero Trust Security market. The features such as a strict access control system, increasing protection even within the perimeter of the network, and stringent identity verification are considered as the key factors that are expected to propel the overall growth of the Zero trust security market. The increasing number of cyber vulnerabilities and data breaches among enterprises are fuelling the overall growth of the Zero Trust security market. The Zero Trust Security Market is expected to register a CAGR of 15.4% during the forecast period to reach USD 32.15 Billion by 2025.


The increasing penetration of internet connectivity which impacts business operations also stimulates the rate of data breaches and cyber-attacks. The increasing penetration of the IoT technologies and the companies choosing third-party vendors are creating opportunities for the overall growth of the Zero Trust Security market.


COVID 19 Analysis:


The pandemic has restricted the key operations among several enterprises and industries. However, the governments of several countries have imposed regulations that mandated private and public organizations to adopt practices for remote employees. Moreover, the restrictions in movement in several countries have increased the work from home trends and increased the adoption of digital ways of business processes. Such factors have increased the overall growth of the Zero Trust Security market amid the pandemic. 


Market Dynamics:


Market Drivers:


The increasing frequency of the target-based cyber-attacks upon the enterprises and the requirement of maintenance are considered as the major drivers of Zero Trust Security market growth. The vulnerable endpoints, networks, on-premise devices, cloud-based applications are prone to these potential attacks which are considered as the major market drivers of Zero Trust security market growth.


The increasing number of cyber threats and the increasing awareness among the organizations and the features like strict access control that doesn’t trust the devices even they are already within the network perimeter are driving the overall growth of the zero trust security industry.


Market Opportunities:


The increasing demand for improved visibility in the data breaches, security issues, and other concerns and the rising IoT traffic among the organizations and enterprises are expected to boost the Zero Trust security market growth during the forecast period. The Zero Trust security solutions are considered efficient solutions to offer improved visibility to the users that are accessing the network.


The increasing rate of data breaches and the potential loss are creating an impact on the overall growth of the Zero Trust security market. Especially, the energy and power sectors were demanding enhanced data security solutions in recent times. Recent news has stated that A novel malware, named Shapeshift wiper malware has potentially looted over half a dozen organizations located in Saudi Arabia. Such reports are expected to propel the Zero Trust security market growth during the forecast period.


Market Restraints:


The cost incurred and the time required to integrate the new solutions with the existing ones are considered tedious tasks, especially in the case of a small and medium-sized organization. Such factors are expected to hinder the overall growth of the Zero Trust security market. The capital requirement in the case of small-sized organizations is considered as the primary hindrance to the overall growth of the Zero Trust security industry.


The users are expected to redesign and redeploy the mobile-based applications based on the infrastructure of the organization which is highly exhaustive and time-consuming. Such factors are considered as the major restraint of the zero trust security industry. Additionally, the deployment requires an in-depth analysis of the network hardware services and traffic. 


Market Challenges:


The challenges in the design and implementation of the Zero Trust security solutions based on the infrastructure of the organizations are increasing in recent years. The IT teams are encouraged to analyze the network and utilize the user-based and application-based security models rather than the network security based on the perimeter. Such factors are considered as the primary challenge of the Zero trust security market growth.


The continuity of the data breaches and security issues even after deployment of the zero-trust security solutions, as the organization can never achieve complete data security protection. Moreover, the time required to set up, reorganize the policies, checking the compatibility of the legacy systems is considered as the major challenges of the Zero Trust Security industry.


Cumulative Growth Analysis:


The major principles of the Zero Trust Security solutions are providing re-authentication based on the context, disguising the applications and network, micro-segmentation of the network, and deployment of micro tunnels that are encrypted efficiently. As the data generation is constantly increasing in large enterprises and are the demand for constant maintenance and security is increasing, the demand for Zero Trust security solutions is also increasing. Therefore the market value of the Zero Trust Security Industry is expected to surpass the market value of over USD 32.15 Billion by the year 2025 while registering a CAGR of 15.4% during the forecast period. 


Cloud-based deployment is currently witnessing higher market growth owing to the changing trends in the operations of the organizations. The lack of perfect security solutions and increasing incidences of data breaches are further stimulating the market growth.


Value Chain Analysis:


The Zero Trust security industry growth is highly influenced by the adoption of cloud-based services as per the demand of the business operations. The potential benefits offered by the cloud-based technologies deployment method such as higher-level scalability, enhanced IT security, speed and much more are propelling the organizations to adopt the cloud-based deployment model for their organization. Cloud-based deployment has been gaining momentum among SMEs and large enterprises in recent times. 


On the other hand, large enterprises are increasingly deploying the Zero Trust security solutions as the architecture and presence of crucial assets are comparatively higher in large enterprises. The requirement to safeguard the end-points, data centers, devices, users, and applications in large enterprises is increasing the demand to deploy the Zero Trust security solutions. The increasing incidences such as unauthorized intrusions, malicious ransom ware attacks are promoting the overall growth of the market in recent years.


Segment Overview:


Based on Authentication Type:


  • Single-Factor Authentication

  • Multi-Factor Authentication


Based on Solution-Type:


  • Data security

  • Network security

  • API security

  • Security analytics

  • Endpoint security

  • Security orchestration automation and response

  • Security policy management 

  • Others


Based on Organization Size:


  • Small-Sized Enterprise

  • Medium-Sized Enterprise

  • Large-Sized Enterprise


Based on Deployment:


  • On-Premise

  • Cloud


Based on End-User Industries:


  • Banking 

  • Financial services and Insurance

  • IT and Telecom

  • Government and Defense

  • Energy and Power

  • Healthcare 

  • Retail and E-Commerce

  • Others


Regional Analysis:


Currently, North America is witnessing higher Zero Trust security market growth as the region has pioneered the utilization of advancing technologies. The growing digitalization and the favorable government regulations such as CCPA regulations are considered crucial for the Zero trust security market and thereby driving the overall growth of the Zero trust security market. The CCPA regulations imposed in North America is serious regulation that prevents data breaches and ensures information security in the organizations. The key players across the region such as Palo Alto Networks Inc., Symantec Corporation, Okta Inc., and significant others are also fuelling the overall growth of the Zero Trust Security market. As the country is highly adopting digital transformation in recent years, the demand for the market is higher year over year.


On the other hand, the Asia-pacific region is also witnessing higher market growth in recent years, owing to the number of cyber risks and incidences across the region. The increasing adoption of cloud-based technologies is also further propelling the Zero trust security market growth across the region.


Competitive Landscape:


  • Cisco Systems Inc. (US)

  • Akamai Technologies (US)

  • Palo Alto Networks (US)

  • Okta Inc. (US)

  • Check Point Software Technologies (US)

  • Trend Micro Inc. (Japan)

  • IBM Corporation (US)

  • Symantec Corporation (US)

  • FireEye Inc. (US)

  • McAfee Corporation (US)

  • Forcepoint (US)

  • RSA Security (US)

  • Centrify (US)

  • Cyxtera Technologies (US)

  • Illumio (US)

  • Sophos Group PLC (US)

  • next Corporation (US)

  • Google LLC (US)

  • Microsoft Corporation (US)

  • VMWare Inc. (US)

  • Fortinet (US)

  • Cloudflare Inc. (US)

  • SonicWall (US)

  • Varonis Systems (US)

  • Pulse Secure (US)

  • ON2IT (Netherland).


Recent Developments:


In the year 2018, one of the leading market players, Cisco acquired Duo Security has utilized cloud-based technology for their security solution which offered the unified access security solution and multi-factor authentication. The Duo security ensures the health of the users while authentication and then access to the applications are granted to those users. Therefore the acquisition was agreed upon USD 2.35 billion in cash in the year 2018.


In the year 2020, one of the leading market players, Google has introduced a zero trust model which is named as BeyondCorp that combines the ideas and best practices from the community. The security solution enables secure work without the traditional VPN and data can be accessed securely.


Report Overview:


This Report Has Covered:

  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


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Frequently Asked Questions (FAQ) :

The zero-trust security market is estimated to value at USD 32.15 Bn by 2025.

North America, Europe, Asia-Pacific, the Middle East & Africa, and South America are covered in the regional assessment in this report.

Data security, API security, network security, security analytics, endpoint security, security policy management, Security Orchestration Automation, and Response (SOAR), and others are the solution type-based segments of the market.

The segmental analysis of the market is covered on the basis of authentication type, solution type, deployment, organization size, vertical, and region.

The market is expected to register 15.4% CAGR over the evaluation period.