Zero Trust Security Market is expected to show steady growth till 2027| UnivDato’s Market Insights

NOIDA, India, September 23, 2022 /PRNewswire/ — According to a new report by UnivDatos Markets Insights, the Zero Trust Security Market has been rated around $28 billion in 2020 and is expected to grow at a CAGR of over 16% between 2021 and 2027. The analysis was divided into security type (network security, data security, endpoint security, cloud security and others); authentication type (single-factor authentication and multi-factor authentication); Deployment (on-premises and in the cloud); organization size (large companies and SMEs); Industry (information and communication technology, banking and financial services, retail, healthcare and others); Area.

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https://univdatos.com/report/zero-trust-security-market/

The Zero Trust Security Market report is compiled by collecting informative data about various dynamics such as market drivers, restraints, and opportunities. This innovative report uses multiple analyzes to provide a more in-depth look at the Zero Trust Security market. The Zero Trust Security Market report provides a detailed analysis of the latest industry developments and market trend factors affecting market growth. Additionally, this market statistical research repository studies and estimates Zero Trust Security Market on a global and regional level.

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Market Overview

The global zero trust security market is growing due to the continued increase in targeted cyber attacks, the need to reduce business and organizational risk, and the digitization of prominent industry verticals. In addition, advancing digital infrastructure in developing countries will also have a positive impact on the market. Zero Trust is a security framework that requires security configurations and states to be authenticated, approved, and continuously validated before granting or maintaining access to applications and data to all users, inside or outside the corporate network. Additionally, the increasing losses from cyber attacks are one of the major factors driving the adoption of Zero Trust security. For example, According to the Internet Crime Complaint Center (IC3), the total financial damage caused by cybercrime in 2018 was around $2.7 billion/year, which increased to more than $4 billion/year in 2020.

Click here for the report description and table of contents

https://univdatos.com/report/zero-trust-security-market/

The global Zero Trust Security Market report is thoroughly studied with several aspects that would help the stakeholders to make their decisions in a more curated way.

  • Based on security type, the market is segmented into network security, data security, endpoint security, cloud security, and others. Among these, the endpoint security segment is expected to witness significant growth during the forecast period due to the digital transformation of enterprises, which has increased usage of endpoint devices such as mobile phones, laptops, PCs and others. The endpoint acts as an entry point into the corporate network, creating an entry point that can be exploited by a malicious attacker. Therefore, it is important to secure these endpoints to protect organizations from risky activities and malicious attacks.
  • Based on deployment, the market is segmented into on-premises and cloud. Among these, the on-premises segment grabbed a notable share of the global zero trust security market in 2020 as this type of deployment is highly preferred to keep sensitive data internally rather than handing it off to a cloud provider. Additionally, on-premises solutions enable hands-on ownership and control of security monitoring, providing a flexible and adaptable security program.

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The Zero Trust Security Market is segmented as follows:

  • North America (United States, Canadaand rest of North America)
  • Europe (Germany, United Kingdom, Spain, Italy, Franceand the rest of Europe)
  • Asia Pacific (China, Japan, India, South Koreaand the rest of Asia Pacific)
  • rest of the world

For better understanding of the market acceptance of the Zero Trust Security industry, the market is analyzed based on its worldwide presence in countries like North America (US, Canadathe rest of North America); Europe (GermanyGreat Britain, France, Spainand the rest of Europe); Asia Pacific (China, Japan, India, Australiathe rest of Asia Pacific); and the rest of the world. North America is expected to grow at a steady growth rate due to the presence of key market players in the region and the rapid adoption of new technologies. Additionally, the increasing focus on cybersecurity in the major economies of the region further contributes to the growth of this market. For example, in March 2021The President of the United States made cybersecurity, a critical element of the Department of Homeland Security’s (DHS) mission, a top priority for the Biden-Harris administration at all levels of government.

Major players targeting the market include

  • Palo Alto Networks Inc.
  • Cisco Systems Inc.
  • International Business Machines Corporation
  • Fortinet Inc.
  • Citrix Systems Inc.
  • Sophos Group plc
  • Check Point Software Technologies Ltd.
  • VMware Inc.
  • Microsoft Corporation
  • Akamai Technologies Inc.

competitive landscape

The level of competition among prominent global companies has been elaborated through the analysis of several leading key players operating worldwide. The specialist team of research analysts sheds light on various characteristics such as global market competition, market share, latest industry advances, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Zero Trust Security Market. Key players have been analyzed using research methodologies to provide insights into global competition.

Key Questions Answered by This Analytical Market Research Report Include:

  • What are the latest trends, new patterns, and technological advancements in the Zero Trust Security market?
  • What factors are affecting the Zero Trust Security market during the forecast period?
  • What are the global challenges, threats, and risks in Zero Trust Security market?
  • What factors are driving and restraining the Zero Trust Security market?
  • What are the challenging global regions of Zero Trust Security Market?
  • How big will the global market be in the coming years?
  • What are the crucial market acquisition strategies and policies employed by global companies?

We understand the needs of different companies, regions and countries and offer customized reports according to your business and geographic needs. Please let us know if you have custom requirements.

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Zero Trust Security Market report coverage

report attributee

details

base year

2020

forecast period

2021-2027

growth dynamics

Accelerate with a CAGR of over 16%

market size 2020

$28 billion

Regional Analysis

North America, Europe, APAC, Rest of World

Main Contributing Region

North America dominates Zero Trust Security Market

Key countries covered

United States, Canada, Germany, United Kingdom, Spain, France, China, Japan, India and South Korea

company profiled

Palo Alto Networks Inc., Cisco Systems Inc., International Business Machines Corporation, Fortinet Inc., Citrix Systems Inc., Sophos Group plc, Check Point Software Technologies Ltd., VMware Inc., Microsoft Corporation and Akamai Technologies Inc

report scope

Market Trends, Drivers and Constraints; sales estimation and forecasting; segmentation analysis; impact of COVID-19; demand and supply analysis; Ccompetitive landscape; company profiling

Covered Segments

By security type; By authentication type; After deployment; By organization size; By Industry: By region/country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing insights through market research reports, custom business research and primary research. Our research studies are spread over subjects all over the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We provide in-depth studies, in-depth analysis, and customized reports that help create winning business strategies for our clients.

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UnivDato’s Market Insights
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Email: Ankita.gupta@univdatos.com
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