Zero Trust Security Market Size, Demand, Share, Key Players, Growth, and Forecast 2031

The global zero trust security market revenue was around US$ 233.69 billion in 2021 and is estimated to reach US$ 126.09 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.5% during the forecast period from 2022 to 2031.

The zero-trust security solutions cover advanced persistent threat defense, compliance management, cybersecurity risk management, identity & access management, security operations, and other zero-trust security solutions.

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Factors Influencing Market Growth

The rise in the necessity to support safe business mobility practices within organizations fuels market growth.

An increase in malware and phishing attacks against businesses, as well as an increase in the need for cloud-based zero-trust security solutions drives the growth of the market.

The need to protect against internal and external threats from unauthorized access, increase network management visibility, and secure complex networks propels the zero-trust security market.

Study of the COVID-19 Pandemic

The COVID-19 outbreak had a positive impact on the market when conducting remote operations, enterprises able to managed security risks and provide secured information access to the deployment of zero trust security during COVID-19. The risk of cyberattacks has also considerably increased in a lot of businesses due to an increase in internet traffic, fuels demand for zero trust architecture solutions.AI- integrated solutions, Cloud security and rise in cyberattacks advent of the pandemic contributed to Innovations and advances in cybersecurity solutions helped market growth. These innovations and breakthroughs include cloud security, AI-integrated solutions, and a spike in cyberattacks after the start of this pandemic.

Regional Insights

Asia-Pacific is anticipated to experience the greatest growth rate due to the rising investments in zero trust security solutions from nations including Australia, China, India, Japan South Korea, and the rest of Asia-Pacific. Additionally, the increased use of mobile data for several applications, such as mobile banking and social media, is a major driver driving the use of zero-trust security solutions in the Asia-Pacific region. These solutions have also become more popular in this region due to the rapid growth in smartphone and internet usage in nations like China and India.

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Leading Competitors
The leading competitors in the global zero trust security market are:
Cisco Systems Inc
IBM
Akamai Technologies Inc
Zscaler
VMware
Microsoft Corporation
Cloudflare
Google
Cyxtera Technologies
SonicWall
Palo Alto Networks
Check Point Software Technologies
Trend Micro
Symantec Corp
FireEye
McAfee Corp.
Others
Segmentation Analysis
The global zero trust security market segmentation focuses on Component, Deployment Model, Enterprise Size, Authentication, Industry Vertical, and Region.
Segmentation based on Component
Solution
Services
Segmentation based on Deployment Model
On-premise
Cloud
Segmentation based on Enterprise Size
Large Enterprises
SMEs
Segmentation based on Authentication
Single-factor Authentication
Multi-factor Authentication
Segmentation based on Industry Vertical
Manufacturing
Healthcare
Retail
Energy and Utilities
Others
BFSI
Government
IT and Telecom

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.