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Zero Trust Architecture Market worth $60.49 billion by 2030, growing at a CAGR of 17.34% - Exclusive Report by 360iResearch
Zero Trust Architecture Market | 360iResearch
The Global Zero Trust Architecture Market to grow from USD 19.74 billion in 2023 to USD 60.49 billion by 2030, at a CAGR of 17.34%.
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Zero trust architecture represents a model for a more secure, modern approach to information systems and data security. This cyber-security strategy operates under the core principle of "never trust, always verify." Zero trust architecture is designed to combat the constant security threats in today's digital age by eradicating the concept of trust from an organization's network infrastructure. Zero trust architecture offers a diverse range of benefits for an organization. It provides enhanced security against data breaches by incorporating multi-factor authentication, micro-segmentation, and least-privilege controls. It improves compliance with regulations and standards by lowering the attack surface and limiting lateral movement within the network. The escalating cyber-attacks, increasing cloud-based solutions adoption, stringent data protection regulations, and the rapid digitization of industries increase the need for zero-trust architecture. However, the high cost of implementation and interoperability issues may hinder the market growth. Moreover, integrating advanced technologies such as machine learning and blockchain can create a surge of new opportunities in this market.
The Zero Trust Architecture (ZTA) market is evolving in the Americas owing to the increasing number of cyber attacks and the growing need for data security solutions. Rapid digital transformation and advancements in technology coupled with stringent data protection regulations are accelerating the use of Zero Trust Architecture (ZTA) solutions in the APAC region. The EU is one of the most proactive regions in implementing ZTA in response to growing threats such as phishing and ransomware attacks. The surge in investment in cybersecurity due to the increasing rate of cyber-attacks and ambitious digital transformation strategies is increasing demand for robust ZTA in the EMEA region. Besides, increasing emphasis on advancing zero trust architecture to ensure data security and compliance is anticipated to encourage the growth of the Zero Trust Architecture (ZTA) market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Zero Trust Architecture Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Services and Solution. The Services is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small and Medium-Sized Enterprises (SMEs). The Small and Medium-Sized Enterprises (SMEs) is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Banking, Financial Services, and Insurance (BFS|), Energy and Utilities, Government and Defense, Healthcare, IT & ITeS, and Retail and e-commerce. The Government and Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.61% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Zero Trust Architecture Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Zero Trust Architecture Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Zero Trust Architecture Market, highlighting leading vendors and their innovative profiles. These include Akamai Technologies, Inc., Appgate, Inc., Axis Cyber Security Ltd., Broadcom, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Cloud Software Group, Inc., Cloudflare Inc., CrowdStrike Holdings, Inc., Cyxtera Technologies, Inc., Czech company, FireEye, Inc., Forcepoint LLC, Fortinet, Inc., International Business Machines Corporation, Microsoft Corporation, Musarubra US LLC, Netskope, Inc., Okta, Inc., Palo Alto Networks, Inc., Perimeter 81 Ltd., Proofpoint, Inc., Twingate Inc., Versa Networks, Inc., VMware, Inc., and Zscaler, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Zero Trust Architecture Market, by Offering
7. Zero Trust Architecture Market, by Deployment Mode
8. Zero Trust Architecture Market, by Organization Size
9. Zero Trust Architecture Market, by Vertical
10. Americas Zero Trust Architecture Market
11. Asia-Pacific Zero Trust Architecture Market
12. Europe, Middle East & Africa Zero Trust Architecture Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Zero Trust Architecture Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Zero Trust Architecture Market?
3. What is the competitive strategic window for opportunities in the Zero Trust Architecture Market?
4. What are the technology trends and regulatory frameworks in the Zero Trust Architecture Market?
5. What is the market share of the leading vendors in the Zero Trust Architecture Market?
6. What modes and strategic moves are considered suitable for entering the Zero Trust Architecture Market?
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