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The growing number of data breaches and cyber threats are likely to promote innovation in zero trust security manufacturing, boosting the market during the forecast period.

The global zero trust security market is expected to grow from $28.03 billion in 2022 to $33.27 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The zero trust security market is expected to grow to $66.08 billion in 2027 at a CAGR of 18.7%.

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Global Zero Trust Security Market Segments Include:

• By Solution Type: Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation And Response, Security Policy Management, Other Solutions
• By Authentication: Single Factor Authentication, Multi-Factor Authentication
• By Deployment: On Premises, Cloud
• By Organization Size: SMEs, Large Enterprise
• By Application Area: IT and Telecom, BFSI, Healthcare, Retail, Other Application Area
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global zero trust security market in 2021.

Major Market Players in the zero trust security market include Cisco Systems Inc., Palo Alto Networks, Check Point Software Technologies, Trend Micro Inc., International Business Machines Corporation, Symantec Corporation, FireEye Inc., McAfee Corporation.

Developing technologies is a crucial topic that is gaining traction in the zero trust security sector. To increase their market position, major organisations in zero trust security are focusing on producing technologically advanced security services and solutions. For example, Zscaler, a computer and network security firm based in the United States that specialises in zero trust, SASE, cloud security, CASB, secure web gateways, and other related services, announced new AI/ML capabilities for the Zscaler Zero Trust Exchange platform in June 2022. Zscaler’s AI-powered Zero Trust platform system is built on an SSE architecture, which allows the company to enhance and increase IT and security’s reach in order to battle the increasing frequency of sophisticated cyber-attacks.

The Zero Trust Security Global Market Report 2023  provides a zero trust security market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The zero trust security market forecast analyzes zero trust security market size, zero trust security market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Zero-trust security is a style of security that focuses on a process in which no one is trusted by default, whether inside or outside the network, and secures an organisation by eliminating implicit trust and verifying every stage of digital contact. Its major purpose is to provide a more secure environment that is protected from unauthorised access.

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