Global Zero Trust Security Market Projected to Grow at 21.4% CAGR, Reaching $97.23 Billion by 2029

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What Will the Zero Trust Security Industry Market Size Be by 2025?
In recent times, there has been a fast-paced expansion in the size of the zero trust security market. The market, which is expected to escalate from a valuation of $38.45 billion in 2024 to $44.71 billion in 2025, is projected to experience a compound annual growth rate (CAGR) of 16.3%. The considerable growth during the historical period can be credited to factors like an evolving cyber threat landscape, issues with legacy security, digital transformation, the rising trend of remote workforces, and concerns over data privacy.

What's the Long-Term Growth Forecast for the Zero Trust Security Market Size Through 2029?
The market size of zero trust security is predicted to experience substantial expansion in the coming years. The sector is forecasted to soar to $97.23 billion by 2029, reflecting a compound annual growth rate (CAGR) of 21.4%. What drives this growth during the predicted period can be tied to the integration of threat intelligence, a user-centric approach to security, the expansion of data volume, a focus on business continuity, and the changing threat environment. Significant trends to watch out for during this period include improvement in adaptive security posture, security for the remote workforce, migration to cloud and edge computing, collaboration and education within the industry, and enhancements in endpoint security.

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What Are the Key Growth Drivers Fueling the Zero Trust Security Market Expansion?
Growth in the zero-trust security market is anticipated to be driven by the escalating incidence of data breaches and cyber threats. Cyber data breaches, defined as unauthorized entry into a computer system or network to gather personal and financial data from consumers or users, have been on the rise. These recurrent, intentional breaches necessitate the deployment of zero trust security solutions. This technology enables a more flexible and adaptive network security infrastructure by eliminating trust from network access and requiring additional user authentication. For example, in September 2023, IT support service provider AAG revealed that 39% of UK companies stated they were the victims of a cyber-attack in 2022. Additionally, during the first six months of 2022, cybercrime affected 53.35 million individuals in the US. Thus, the ascending number of data breaches and cyber threats are predicted to boost the 'zero trust' security market's growth.

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What Are the Key Trends Driving Zero Trust Security Market Growth?
The emergence of advanced technology is becoming a significant market trend in the field of zero trust security. Major businesses in the zero trust security sector are concentrating on creating state-of-the-art security services and solutions in order to cement their market dominance. For example, in June 2022, Zscaler, a US-based firm specializing in zero trust, SASE, cloud security, CASB, secure web gateways, and similar services, unveiled new AI/ML capabilities for its Zscaler Zero Trust Exchange platform. Zscaler's Zero Trust platform, which is powered by AI, operates on an SSE framework, allowing the company to enhance and broaden IT and security's capacity to tackle the rising number of complex cyber-attacks.

How Is the Zero Trust Security Market Segmented?
The zero trust securitymarket covered in this report is segmented -

1) By Solution Type: Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation And Response, Security Policy Management , Other Solutions
2) By Authentication: Single Factor Authentication, Multi Factor Authentication
3) By Deployment: On Premises, Cloud
4) By Organization Size: SMEs, Large Enterprise
5) By Application Area: IT and Telecom, BFSI, Healthcare, Retail, Other Application Area

Subsegments:
1) By Data Security: Data Encryption Solutions, Data Loss Prevention (DLP) Solutions, Data Access Control Solutions, Information Rights Management (IRM)
2) By Network Security: Network Access Control (NAC), Secure Access Service Edge (SASE), Next-Generation Firewalls (NGFW), Virtual Private Networks (VPN)
3) By API Security: API Gateways, API Security Testing Tools, API Threat Protection Solutions, Runtime Application Self-Protection (RASP) for APIs
4) By Security Analytics: Security Information and Event Management (SIEM), User and Entity Behavior Analytics (UEBA), Threat Intelligence Platforms, Log Management Solutions
5) By Endpoint Security: Endpoint Detection and Response (EDR), Antivirus and Anti-Malware Solutions, Mobile Device Management (MDM), Endpoint Protection Platforms (EPP)
6) By Security Orchestration Automation And Response (SOAR): Security Automation Tools, Incident Response Platforms, Threat Hunting Solutions, Playbook Automation Solutions
7) By Security Policy Management: Policy Definition and Enforcement Tools, Compliance Management Solutions, Risk Assessment and Management Tools
8) By Other Solutions: Identity and Access Management (IAM), Multi-Factor Authentication (MFA), Cloud Security Solutions, Zero Trust Network Access (ZTNA)

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Which Companies Are Leading the Charge in Zero Trust Security Market Innovation?
Major companies operating in the zero trust security market are Cisco Systems Inc., Palo Alto Networks, Check Point Software Technologies, Trend Micro Inc., International Business Machines Corporation, FireEye Inc., McAfee Corporation, Forcepoint, Microsoft Corporation, Vmware Inc., Fortinet, Okta Inc., Centrify Corporation, Cyxtera Technologies Inc., Google Inc., Sophos Group PLC., Cloudflare Inc., SonicWall, Pulse Secure LLC, Perimeter 81, CrowdStrike, Akamai, Cohesity, GoodAccess, Zscaler Internet Access, Forescout Continuum, Delinea Secret Server, HPE Security

Which Regions Are Leading the Global Zero Trust Security Market in Revenue?
Asia-Pacific was the largest region in the zero trust security market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the zero trust security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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