Newark, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The global zero trust security market is expected to reach USD 181.02 billion by 2033, at a CAGR of 18.50% during the forecast period 2024-2033. Zero trust is pushed by the principles of never relying on anything internal or external to the organization’s security perimeter. With zero trust, the security team establishes procedures to confirm every connection attempt and device and intelligently restrict access. Every access request is significantly authenticated in a zero trust framework, approved within policy conditions, and checked for abnormalities before permitting access. Everything from the user’s identity to the application’s hosting environment is utilized to stop a breach.
Get a Free Sample Research Report: https://www.thebrainyinsights.com/enquiry/sample-request/12860
The growing adoption of cloud technologies and endpoint devices by companies has significantly increased the demand for a zero-trust security model. As IT infrastructures become more complex and powerful, the risk of internal breaches and external cyberattacks due to unauthorized access has escalated. To address these challenges, security vendors are now focused on implementing zero-trust security frameworks that integrate various security solutions and services, creating multiple layers of authentication for accessing devices and networks.
The rise of technologies such as Artificial Intelligence (AI), Machine Learning (ML), IoT (Internet of Things), BYOD (Bring Your Own Device), and blockchain has led to an influx of machines managing data transfer and storage in the cloud. Connected devices equipped with IoT and AI capabilities are continuously collecting and storing data in the cloud, making them vulnerable to cyber threats. In response, security vendors are increasingly promoting the adoption of zero-trust models to ensure a secure and fully integrated IT environment.
Key Insights on Zero Trust Security Market
The on-premises segment dominated the market, with a market share of around 53.33% in 2023.
The deployment segment is divided into cloud and on-premises. The on-premises segment dominated the market, with a market share of around 53.33% in 2023 due to an increased preference for on-premises deployment. Organizations prefer to keep private data in-house rather than be sent to a cloud provider.
The endpoint security segment dominated the market, with a market share of around 25.81% in 2023.
The solution type segment is divided into API security, endpoint security, security policy management, security analytics, and data security. The endpoint security segment dominated the market, with a market share of around 25.81% in 2023.
The large enterprise segment dominated the market, with a share of around 61.77% in 2023.
The organization size segment is divided into large enterprises and SMEs. The large enterprise segment dominated the market, with a share of around 61.77% in 2023. Companies that rely on only adherence and assigning authorized users are at a more increased threat of an internal breach. The law-abiding network does not deliver a secure environment, and the risk of a violation is external and internal trusted sources. Therefore, the zero-trust security model considers large enterprise-authorized users with zero trust and provides remote permits.
Report Scope and Segmentation –
| Report Coverage | Details |
| Forecast Period | 2024-2033 |
| Forecast CAGR | 18.50% |
| 2033 Value Projection | USD 181.02 Billion |
| Historical Data | 2020-2022 |
| No. of Pages | 238 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered | Deployment, Solution Type, Organization Size |
| Regions Covered | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Zero Trust Security Market Growth Drivers | The rise in the rate of occurrence of target-based cyber-attacks |
Browse Detailed Summary of Research Report with TOC: https://www.thebrainyinsights.com/report/zero-trust-security-market-12860
Regional Segmentation Analysis:
The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America is expected to be the largest market during the forecast period. Due to the increasing government and public spending on safety, market development is raising the demand for innovative solutions of zero trust security models. The growing adoption of artificial intelligence (AI), the Internet of things (IoT), and digital technology by small-medium enterprises and large enterprises and the surging severity in standards and guidelines for maintaining data privacy and safety mainly contribute to regional market development.
Competitive Analysis:
The major players in the market include Akamai Technologies Inc., Blackberry Limited, Broadcom Inc. (Symantec Corporation), Centrify Corporation, Check Point Software Technologies Ltd, Cisco Systems Inc., Cyxtera Technologies Inc., Fortinet Inc., Google Inc., IBM Corporation, Microsoft Corporation, Okta Inc., Palo Alto Networks Inc., Sophos Group PLC, Vmware Inc, among others.
Ask for Customization: https://www.thebrainyinsights.com/enquiry/request-customization/12860
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.
Contact Us
Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: www.thebrainyinsights.com
