The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Rapid Growth in Zero Trust Security Market

• Market size surged from $33.18 billion in 2023 to $39.26 billion in 2024.
• Compound Annual Growth Rate (CAGR) of 18.4% attributed to:
  • Cyber threat landscape.
  • Legacy security challenges.
  • Digital transformation.
  • Remote workforce trend.
  • Data privacy concerns.

Future Projections: A Landscape of Growth

• Expected to reach $80.58 billion in 2028.
• CAGR of 19.7% fueled by:
  • Threat intelligence integration.
  • User-centric security approach.
  • Data volume growth.
  • Business continuity focus.
  • Evolving threat landscape.
• Major trends in the forecast period:
  • Adaptive security posture.
  • Remote workforce security.
  • Shift to cloud and edge computing.
  • Industry collaboration and education.
  • Endpoint security enhancement.

Escalating Data Breaches Fueling Zero Trust Adoption

• Data breaches and cyber threats drive market growth.
• Need for flexible and adaptive security infrastructure.
• Recent statistics:
  • Cost of a Data Breach Report 2021: Breach costs increased from $3.86M (2020) to $4.24M (2021).
  • UK government’s cyber security breaches survey: 39% of UK businesses reported cyber-attacks in 2021, with phishing attempts as the most common threat vector (83%).
• Major companies driving the market include Cisco, Palo Alto Networks, Check Point, and others.

Innovative Technology Integration In Zero Trust Security

• Advancing technologies shape the market.
• Example: Zscaler’s AI/ML capabilities for the Zscaler Zero Trust Exchange platform.
• AI-powered Zero Trust platform combats sophisticated cyber-attacks.

Strategic Mergers Shaping Comprehensive Cybersecurity Solutions

• Example: Wipro’s acquisition of Edgile to create Wipro CyberTransform.
• Aim: Improve boardroom governance of cybersecurity risk and invest in robust cyber strategies.
• Edgile focuses on risk and compliance, information and cloud security, and digital identity.

Market Segmentation

• Solution Types:
  • Data Security.
  • Network Security.
  • API Security.
  • Security Analytics.
  • Endpoint Security.
  • Security Orchestration Automation And Response.
  • Security Policy Management.
  • Other Solutions.
• Authentication:
  • Single Factor Authentication.
  • Multi Factor Authentication.
• Deployment:
  • On Premises.
  • Cloud.
• Organization Size:
  • SMEs.
  • Large Enterprise.
• Application Area:
  • IT and Telecom.
  • BFSI.
  • Healthcare.
  • Retail.
  • Other Application Areas.

Regional Insights

• Asia-Pacific: Largest region in the zero trust security market share in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

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https://www.thebusinessresearchcompany.com/report/zero-trust-security-global-market-report

The Zero Trust Security Global Market Report 2024  provides an overview of the zero trust security market 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 and their market positions.

The Table Of Content For The Zero Trust Security Market Include:
1. Zero Trust Security Market Executive Summary
2. Zero Trust Security Market Segments
3. Zero Trust Security Market Size And Zero Trust Security Market Growth Rate
4. Key Zero Trust Security Market Trends
5. Major Zero Trust Security Market Drivers
……
25. Key Mergers And Acquisitions In The Zero Trust Security Market
26. Top Zero Trust Security Companies
27. Zero Trust Security Market Opportunities And Strategies
28. Zero Trust Security Market, Conclusions And Recommendations
29. Appendix

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