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The zero trust security market share is expected to increase by USD 2.87 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 16.15%.
The zero trust security market report also offers information on several market players, including Akamai Technologies Inc., Alphabet Inc., Broadcom Inc., Centrify Corp., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc, Cyxtera Technologies Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Illumioa Inc., International Business Machines Corp., Microsoft Corp, Musarubra US LLC, Okta Inc., Palo Alto Networks Inc., Sophos Ltd., and VMware Inc. among others.
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The growing frequency of target-based cyber-attacks is notably driving the market growth, although factors such as budgetary constraints among small and emerging startups in developing countries may impede market growth. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This market analysis report also provides detailed information on market growth and trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The market research report analyzes the market’s competitive landscape and offers information on several market companies, including:
The market forecast report offers in-depth insights into key company profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The rise in legal administrative services will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The market share growth by the on-premises segment will be significant during the forecast period. On-premises solutions allow ownership and control of security monitoring, which offers a flexible and adaptive security program. This is expected to increase the demand for on-premises deployment over the forecast period. Moreover, the increasing activities of cyber criminals who are successfully penetrating and moving laterally within the security perimeter are expected to drive the on-premise implementation of zero-trust security in organizations.
The market is witnessing rapid growth due to the increasing adoption of remote work and cloud computing. Organizations are embracing a zero trust approach to cybersecurity, focusing on securing apps and data regardless of their location. Data privacy laws such as GDPR and CCPA are driving the need for stronger cybersecurity strategies, including identity and access management (IAM) and zero trust network access (ZTNA) solutions. These solutions aim to mitigate risks from phishing and social engineering attacks, which often target user credentials.
As financial systems become more digital, cybersecurity vulnerabilities pose a significant threat to financial stability. Central bank authorities are implementing cybersecurity regulations to protect against data breaches and ensure the security of contactless payment modes. Advanced technologies like network automation and cloud-based services are crucial for combating ransomware and phishing attacks. Major players are leading the market with their innovative security solutions, including Microsoft Entra and Cisco Secure Access. The market is also witnessing partnerships and acquisitions, such as Broadcom's acquisition of VMware and Symantec's security portfolio, to enhance product differentiation and adoption. These developments are crucial for ensuring the security of remote users and internet services in today's digital landscape.
Zero Trust Security Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.15% |
Market growth 2022-2026 |
USD 2.87 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.8 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Akamai Technologies Inc., Alphabet Inc., Broadcom Inc., Centrify Corp., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc, Cyxtera Technologies Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Illumioa Inc., International Business Machines Corp., Microsoft Corp, Musarubra US LLC, Okta Inc., Palo Alto Networks Inc., Sophos Ltd., and VMware Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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