Zero-Trust Security Market worth $81.04 billion by 2030, growing at a CAGR of 17.18% - Exclusive Report by 360iResearch

The "Zero-Trust Security Market by Solution Type (API Security, Data Security, Endpoint Security), Authentication Type (Multi-Factor Authentication, Single-Factor Authentication), Deployment, Vertical - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Zero-Trust Security Market to grow from USD 26.70 billion in 2023 to USD 81.04 billion by 2030, at a CAGR of 17.18%.

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The zero-trust security comprises a diverse range of solutions, technologies, and services designed to safeguard organizations from cyber threats by adhering to the "never trust, always verify" principle. This approach discards the conventional notion of a secure network perimeter, assuming all users, devices, and data sources are potentially compromised. Key industries utilizing zero-trust security solutions include financial services, healthcare, manufacturing, government agencies, and IT service providers. The zero-trust security market has been witnessing significant growth driven by the adoption of cloud-based services and increasing cyber threats targeting organizations across sectors. Additionally, stringent regulatory compliance requirements are forcing organizations to adopt comprehensive security measures like zero-trust security solutions. However, challenges such as high implementation costs may deter SMEs from adopting these advanced security measures. Lack of awareness about zero-trust security concepts and a shortage of skilled professionals can hinder widespread adoption. Furthermore, developing simplified implementation frameworks that integrate seamlessly with existing IT infrastructure can encourage wider adoption among smaller organizations with limited resources.

Zero-trust security has gained significant traction in the Americas due to increasing cyber threats and a growing remote workforce. The US government's recent executive order on improving the nation's cybersecurity emphasizes implementing zero-trust architecture, highlighting its importance in securing critical infrastructure. The European Union (EU)countries are focusing on enhancing their cybersecurity posture through strong regulatory frameworks like GDPR and NIS Directive. These regulations encourage organizations to adopt a robust security strategy such as zero-trust architecture, leading to increased demand for related products and services. Moreover, initiatives such as the EU Cybersecurity Act aim to establish certification schemes for ICT products, services, and processes to promote higher standards across member states. The Asia Pacific region presents a diverse landscape for zero-trust security adoption, driven by the need to protect sensitive data across various industries such as finance, healthcare, and manufacturing. APAC countries, including China, Japan, and India, are rapidly expanding their digital ecosystem and are focusing on enhancing their national cyber defense capabilities.

Market Segmentation & Coverage:

This research report categorizes the Zero-Trust Security Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Solution Type, market is studied across API Security, Data Security, Endpoint Security, Network Security, Security Analytics, Security Orchestration Automation & Response, and Security Policy Management. The Security Analytics is projected to witness significant market share during forecast period.

Based on Authentication Type, market is studied across Multi-Factor Authentication and Single-Factor Authentication. The Single-Factor Authentication is projected to witness significant market share during forecast period.

Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Premise is projected to witness significant market share during forecast period.

Based on Vertical, market is studied across Banking, Financial Services, & Insurance, Energy & Power, Government & Defense, Healthcare, IT & Telecommunications, and Retail & Ecommerce. The Healthcare 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 38.41% 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 Security 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 Security 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 Security Market, highlighting leading vendors and their innovative profiles. These include Airgap Networks Inc., Akamai Technologies, Inc., Anitian, Inc., Authomize Ltd., BlackBerry Limited, Block Armour Pvt. Ltd., Broadcom Inc., Cisco Systems, Inc., Cyxtera Technologies, Inc., Delinea Inc., Elisity Inc., Forcepoint, Google LLC, Infinipoint Ltd., International Business Machines Corporation, Mesh Security Ltd., Microsoft Corporation, Myota, Inc., Okta, Inc., ON2IT BV, Ory Corp., Palo Alto Networks, Inc., Pulse Secure, LLC by Ivanti, Sonet.io Inc., and Trend Micro Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Zero-Trust Security Market, by Solution Type
7. Zero-Trust Security Market, by Authentication Type
8. Zero-Trust Security Market, by Deployment
9. Zero-Trust Security Market, by Vertical
10. Americas Zero-Trust Security Market
11. Asia-Pacific Zero-Trust Security Market
12. Europe, Middle East & Africa Zero-Trust Security 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 Security Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Zero-Trust Security Market?
3. What is the competitive strategic window for opportunities in the Zero-Trust Security Market?
4. What are the technology trends and regulatory frameworks in the Zero-Trust Security Market?
5. What is the market share of the leading vendors in the Zero-Trust Security Market?
6. What modes and strategic moves are considered suitable for entering the Zero-Trust Security Market?

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