Zero Trust Security Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Cisco Systems Inc., Palo Alto Networks, Check Point Software Technologies, Trend Micro Inc., International Business Machines Corporation

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The Business Research Company offers in-depth market insights through Zero Trust Security Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The zero trust security market size has grown rapidly in recent years. It will grow from $33.18 billion in 2023 to $39.26 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to cyber threat landscape, legacy security challenges, digital transformation, remote workforce trend, data privacy concerns..

The zero trust security market size is expected to see rapid growth in the next few years. It will grow to $80.58 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to threat intelligence integration, user-centric security approach, data volume growth, business continuity focus, evolving threat landscape.. Major trends in the forecast period include adaptive security posture, remote workforce security, shift to cloud and edge computing, industry collaboration and education, endpoint security enhancement..

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Market Segmentation:
The zero trust security market covered in this report is segmented -

1) By Solution Type: Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation And Response, Security Policy Management , Other Solutions
2) By Authentication: Single Factor Authentication, Multi Factor Authentication
3) By Deployement: On Premises, Cloud
4) By Organization Size: SMEs, Large Enterprise
5) By Application Area: IT and Telecom, BFSI, Healthcare, Retail, Other Application Area

Major Driver - Escalating Data Breaches Fueling Zero Trust Adoption
The increasing rate of data breaches and cyber threat are expected to propel the growth of the zero-trust security market. Cyber data breaches are identified as gaining unauthorized access to a computer system or network to obtain private, sensitive, or confidential personal and financial information from customers or users. Due to numerous planned breaches, there is a need to enforce zero trust security solutions to get flexible and adaptive network security infrastructure that removes trust from network access and necessitates additional user verification. For instance, in July 2021, according to the Cost of a Data Breach Report 2021 published by IBM, a US-based technology corporation, the data breach costs increased significantly year over year, rising from $3.86 million in 2020 to $4.24 million in 2021. Furthermore, according to the UK government's 2022 cyber security breaches survey, in 2021, 39% of UK businesses reported a cyber-attack in which phishing attempts were the most common threat vector, accounting for 83%. Therefore, the rise in data breaches and cyber threats will drive the growth of the "zero trust" security market.

Competitive Landscape:
Major companies operating in the zero trust security market report are Cisco Systems Inc., Palo Alto Networks, Check Point Software Technologies, Trend Micro Inc., International Business Machines Corporation, Symantec Corporation, FireEye Inc., McAfee Corporation, Forcepoint, Microsoft Corporation, Vmware Inc., Fortinet, Okta Inc., Centrify Corporation, Cyxtera Technologies Inc., Google Inc., Sophos Group PLC., Cloudflare Inc., SonicWall, Pulse Secure LLC, Perimeter 81, CrowdStrike, Akamai, Rubrik, Cohesity, GoodAccess, Zscaler Internet Access, Forescout Continuum, Delinea Secret Server, HPE Security

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Top Trend - Innovative Technology Integration In Zero Trust Security
Advancing technologies is a key trend gaining popularity in the zero trust security market. Major companies operating in zero trust security are focused on developing technologically advanced security services and solutions to strengthen their market position. For instance, in June 2022, Zscaler, a US-based computer and network security company specializing 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. This Zscaler's AI-powered Zero Trust platform system is based on an SSE framework, where the company could augment and expand IT and security's reach to combat the increasing frequency of sophisticated cyber-attacks.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Zero Trust Security Market Characteristics
3. Zero Trust Security Market Trends And Strategies
4. Zero Trust Security Market - Macro Economic Scenario
5. Zero Trust Security Market Size And Growth
…..
27. Zero Trust Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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