Dublin, April 30, 2021 (GLOBE NEWSWIRE) -- The "Global Zero Trust Security Market By Solution Type, By Authentication Type, By Organization Size, By Deployment Type, By Vertical, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Zero Trust Security Market size is expected to reach $54.6 billion by 2026, rising at a market growth of 18.8% CAGR during the forecast period. The principle of zero-trust is basically does not trust any entity outside or inside the company with an aim to maintain the security. When a person wants to access a company's network, that person needs to get verified from the systems. Zero-trust solutions help the security teams to place policies correctly in order to authenticate each connection attempt and all the gadgets to intelligently limit the access. Under the zero-trust models, each access request is seriously validated, authorized under the policy constraints, and examined the oddity before allowing access. Everything attached to the user's identity to the application's hosting environment is utilized to safeguard the network from breaches.
The outbreak of the COVID-19 pandemic has shown a rapid shift in remotely working employees. With the given access through remote connectivity, the newly trained mobile workforce, and the prospects for restricted security reviews, cybercriminals are anticipated to get the benefits of the weak networks to get access to the internal networks. In recent years, zero-trust security has developed enormously, which uses an identity provider to get access to the applications and identifies the validation rights on the basis of the user & the gadgets. Basic authorization rights may include gadget & user identity validation to examine if the enterprise operates these gadgets.
Moreover, the growth of the market is expected to be augmented by the increasing number of cyber vulnerabilities owing to the adoption of cloud-based services & rising digitalization. Along with this, government regulations like the General Data Protection Regulation (GDPR) of the European Union and the California Consumer Privacy Act (CCPA) of California, the US are some of the reasons that is expected to open the new growth avenues for the zero-trust security market. Additionally, the growth of the market is expected to be hindered due to budget constraints of small and medium enterprises.
In recent times, the BFSI industry has faced many advanced & persistent attacks that include ransom ware, malware, social engineering & phishing attacks, rootkits, file-less malware, and injection attacks. The majority of the BFSI end users are opting for cloud in comparison to the on-premise infrastructure, which is resulting in the high adoption of zero-trust security solutions. Companies operating in the business domain are aiming for cutting-edge technology for making solutions that created new growth prospects for the market.
The major strategies followed by the market participants are Acquisitions and Partnerships. Based on the Analysis presented in the Cardinal matrix; Google, Inc. and Microsoft Corporation are the forerunners in the Zero Trust Security Market. Companies such as Cisco Systems, Inc., Palo Alto Networks, Inc., and Check Point Software Technologies Ltd., Akamai Technologies, Inc., IBM Corporation are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Akamai Technologies, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., IBM Corporation, Microsoft Corporation, NortonLifeLock, Inc., Google, Inc., FireEye, Inc., and McAfee, LLC.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Oct - 2020, Dec) Leading Players
Chapter 4. Global Zero Trust Security Market by Authentication Type
4.1 Global Zero Trust Security Single-factor Authentication Market by Region
4.2 Global Zero Trust Security Multi-factor Authentication Market by Region
Chapter 5. Global Zero Trust Security Market by Vertical
5.1 Global Zero Trust Security IT and ITES Market by Region
5.2 Global Zero Trust Security BFSI Market by Region
5.3 Global Zero Trust Security Healthcare & Social Assistance Market by Region
5.4 Global Zero Trust Security Retail Trade Market by Region
5.5 Global Zero Trust Security Utilities Market by Region
5.6 Global Other Vertical Zero Trust Security Market by Region
Chapter 6. Global Zero Trust Security Market by Organization Size
6.1 Global Large Enterprises Zero Trust Security Market by Region
6.2 Global Small & Medium Enterprises Zero Trust Security Market by Region
Chapter 7. Global Zero Trust Security Market by Deployment Type
7.1 Global Cloud Zero Trust Security Market by Region
7.2 Global On-premise Zero Trust Security Market by Region
Chapter 8. Global Zero Trust Security Market by Solution Type
8.1 Global Data Security Zero Trust Security Market by Region
8.2 Global Security Orchestration Automation & Response Zero Trust Security Market by Region
8.3 Global Network Security Zero Trust Security Market by Region
8.4 Global Security Analytics & Security Policy Management Zero Trust Security Market by Region
8.5 Global Endpoint Security Zero Trust Security Market by Region
8.6 Global API Security Zero Trust Security Market by Region
8.7 Global Others Zero Trust Security Market by Region
Chapter 9. Global Zero Trust Security Market by Region
9.1 North America Zero Trust Security Market
9.2 Europe Zero Trust Security Market
9.3 Asia Pacific Zero Trust Security Market
9.4 LAMEA Zero Trust Security Market
Chapter 10. Company Profiles
10.1 Cisco Systems, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments
10.1.5.1 Acquisition and Mergers
10.1.5.2 Product Launches and Product Expansions
10.1.6 SWOT Analysis
10.2 Akamai Technologies, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 Research & Development Expense
10.2.1 Recent strategies and developments
10.2.1.1 Acquisition and Mergers
10.2.1.2 Partnerships, Collaborations, and Agreements
10.2.2 SWOT Analysis
10.3 Palo Alto Networks, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments
10.3.5.1 Acquisition and Mergers
10.3.5.2 Product Launches and Product Expansions
10.3.5.3 Partnerships, Collaborations, and Agreements
10.3.6 SWOT Analysis
10.4 Check Point Software Technologies Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Research & Development Expense
10.4.4 Recent strategies and developments
10.4.4.1 Acquisition and Mergers
10.4.4.2 Product Launches and Product Expansions
10.4.4.3 Partnerships, Collaborations, and Agreements
10.4.5 SWOT Analysis
10.5 IBM Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional & Segmental Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments
10.5.5.1 Partnerships, Collaborations, and Agreements
10.5.5.2 Product Launches and Product Expansions
10.5.6 SWOT Analysis
10.6 Microsoft Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments
10.6.5.1 Product Launches and Product Expansions
10.6.5.2 Partnerships, Collaborations, and Agreements
10.6.6 SWOT Analysis
10.7 NortonLifeLock, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments
10.7.5.1 Acquisition and Mergers
10.7.5.2 Product Launches and Product Expansions
10.7.6 SWOT Analysis
10.8 Google, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments
10.8.5.1 Product Launches and Product Expansions
10.8.5.2 Partnerships, Collaborations, and Agreements
10.8.6 SWOT Analysis
10.9 FireEye, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments
10.9.5.1 Acquisition and Mergers
10.9.5.2 Product Launches and Product Expansions
10.9.5.3 Partnerships, Collaborations, and Agreements
10.9.5.4 Geographical Expansions
10.10. McAfee, LLC
10.10.1 Company Overview
10.10.2 Recent strategies and developments
10.10.2.1 Acquisition and Mergers
10.10.2.2 Product Launches and Product Expansions
For more information about this report visit https://www.researchandmarkets.com/r/4o6y3