The increasing number of false alerts is expected to be the major driving factor for the market.
The cloud segment is expected to grow at a higher CAGR during the forecast period. Zero trust security solutions can be deployed on-premises, as well as offered as a cloud offering as per the business requirements. The on-premises deployment model enables organizations to have more control over all the zero-trust security solutions such as next-generation firewalls and next-generation intrusion prevention system.
The large enterprise segment is expected to hold the largest market share. Large enterprises account for a higher market share in terms of revenue in the global zero-trust security market. Large enterprises are reshaping their security policies and architecture to incorporate zero-trust to protect critical assets from various cyber-attacks.
North America is expected to account for the largest market share during the forecast period. The North American region has the presence of several prominent market players delivering advanced solutions to all the industry verticals in the regions. Apart from the geographical presence, strategic investments, partnerships, and significant R&D activities are thereby contributing to the hefty deployments of zero-trust security solutions.
Key Market Players include Cisco Systems Inc. (US), Akamai Technologies, Inc. (US), Palo Alto Networks, Inc. (US), Symantec Corporation (US), Okta, Inc. (US), Forcepoint, LLC (US), Centrify Corporation (US), Cyxtera Technologies (US), Illumio (US), Sophos Group Plc (UK), Google LLC (US), Microsoft, Inc. (US), VMware Inc. (US), Trend Micro Incorporated (Japan), Cloudflare (US), IBM Corporation (US), Fortinet (US), Check Point Software Technologies Ltd. (US), Pulse Secure, LLC (US), and ON2IT (Netherlands).
Key questions addressed by the report
· What are the opportunities in the zero-trust security market?
· What is the competitive landscape in the market?
· What are the data regulations that will impact the market?
· How has Zero Trust Security evolved from traditional security solutions?
What are the dynamics of the zero-trust security market?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Growing Frequency of Target-Based Cyberattacks
3.1.2. Increasing Regulations for Data Protection and Information Security
3.2.1. Design and Implementation Challenges to Deploy Zero Trust Security Solutions
3.2.2. Budgetary Constraints Among Small and Emerging Start-Ups in Developing Economies
3.3.1. High Demand for Better Visibility Due to the Rising IoT Traffic Among Enterprises
3.3.2. Increasing Need for Cloud-Based Zero Trust Security Solutions Among SMES
4. Executive Summary
5. Zero-Trust Security Market, By Solution Type
5.1. Network Security
5.2. Data Security
5.3. Endpoint Security
5.4. Security Orchestration Automation and Response
5.5. API Security
5.6. Security Analytics
5.7. Security Policy Management
6. Zero-Trust Security Market, By Deployment Type
7. Zero-Trust Security Market, By Authentication Type
7.1. Single-Factor Authentication
7.2. Multi-Factor Authentication
8. Zero-Trust Security Market, By Organization Size
8.1. Small and Medium-Sized Enterprises
8.2. Large Enterprises
9. Zero-Trust Security Market, By Vertical
9.1. Banking, Financial Services, and Insurance
9.2. IT and Telecommunications
9.3. Government and Defense
9.4. Retail and Ecommerce
9.6. Energy and Power
10. Zero-Trust Security Market, By Region
10.2.4. Rest of Europe
10.3.5. Rest of APAC
10.4.Middle East and Africa
10.4.1. Middle East
10.5.3. Rest of Latin America
11. Company Profiles
11.3.Palo Alto Networks
11.9.Sophos Group PLC
11.12. Trend Micro
*Company introduction, financial information, recent developments, SWOT analysis
12. Conclusion and Recommendations