Zero-Trust Security Market

Zero-Trust Security Market by Solution Type (Data Security, Endpoint Security, API Security, Security Analytics, Security Policy Management), Deployment Type, Authentication Type, Organization Size, Vertical, and Region - Global Forecast to 2024

Report Code: TC 7384 Oct, 2019, by marketsandmarkets.com

The zero-trust security market size is projected to grow from USD 15.6 billion in 2019 to USD 38.6 billion by 2024, at a CAGR of 19.9% from 2019 to 2024. The major factors driving the market include the increasing number of false alerts.

Zero-Trust Security Market

By deployment, the cloud segment is expected to grow at a higher CAGR than the on-premises segment 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 cloud deployment model of zero-trust security solutions benefits enterprises with cloud-based solutions offering speed, scalability, and enhanced IT security. As more applications get deployed over the cloud, there is a growing demand for cloud-based zero trust security solutions among SMEs and large enterprises.

By organization size, the large enterprise segment is expected to hold a larger market

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.

Large organizations majorly adopt zero trust security to safeguard the network, end-points, data centers, devices, users, and applications from unauthorized usage and malicious ransomware attacks. Increasing penetration of MFA among large organizations to facilitate privileged access to servers and web applications is also promoting zero-trust security market growth.

Furthermore, IT administrators in large organizations dealing with highly sensitive information demand for zero-trust security solutions to perform real-time security analytics of various security incidents. Zero trust security solutions help the IT security professionals in large enterprises to gain enhanced visibility of the network and effective policy enforcement across different departments in remote locations, thus, driving the zero-trust security market growth.

Zero-Trust Security Market

By region, 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 players such as Palo Alto Networks, Inc., Symantec Corporation, Okta, Inc., Cisco Systems Inc., Akamai Technologies, Inc., Centrify Corporation, and Cyxtera Technologies, along with several start-ups in the region are offering enhanced zero trust security solutions & services to cater the needs of customers. Such factors are expected to fuel the growth of the zero-trust security market in North America.

Market Players:

Key market players profiled in this report 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). These players offer Zero Trust Security solutions to cater to the demands and needs of the market. The major growth strategies adopted by these players include partnerships, collaborations & agreements, and new product launches/product enhancements.

Scope of the Report

Report Metrics

Details

Market size available for years

2017-2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Solution Type, Deployment Type, Authentication Type, Organization Size, Vertical, And Region

Geographies covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

Companies covered

20 major vendors, namely, 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).

This research report categorizes the Zero-Trust Security Market to forecast revenues and analyze trends in each of the following submarkets:

Based on Solution Type:

  • Network Security
  • Data Security
  • Endpoint Security
  • Zero Trust Security
  • API Security
  • Security Analytics
  • Security Policy Management
  • Others

Based on the Deployment Type:

  • On-Premise
  • Cloud

Based on the Authentication Type:

  • Single-factor Authentication
  • Multi-factor Authentication

Based on Organization Size:

  • SMEs
  • Large Enterprise

Based on Verticals:

  • Banking, Financial Services, and Insurance
  • Telecom, IT, and IteS
  • Government and Defense
  • Retail & E-commerce
  • Healthcare
  • Energy and Power
  • Others

Based on the region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Singapore
    • Australia
    • Japan
    • Rest of APAC
  • Middle East & Africa
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

 

Recent Developments

  1. In June 2019, Palo Alto Networks acquired PureSec to improve Prisma offering. PureSec is one of the players in serverless architecture security and supports all the serverless vendors, including AWS Lambda, Google Cloud Functions, Azure Functions, and IBM BlueMix.
  2. In May 2019, Okta opened its first office in Germany. This would enable the company to expand its footprint in the Europe region to generate more revenues by increasing its customer base in Europe.
  3. In April 2019, Cyxtera Technologies announced the launch of Risk Orchestrator to enhance the power, scale and reach of its Total Fraud Protection platform.
  4. In March 2019, Centrify announced the launch of a new cloud-based solution, Centrify Zero Trust Privilege. The platform will enable organizations to grant the least privilege access based on verifying who is requesting access, the context of the request, and the risk of the access environment.
  5. In February 2019, Symantec acquired Luminate Security, Software Defined Perimeter and Zero Trust innovator. The acquisition enabled Symantec to extend its portfolio in Integrated Cyberdefense.

Key questions addressed by the report

  1. What are the opportunities in the zero-trust security market?
  2. What is the competitive landscape in the market?
  3. What are the data regulations that will impact the market?
  4. How has Zero Trust Security evolved from traditional security solutions?
  5. What are the dynamics of the zero-trust security market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Competitive Leadership Mapping Research Methodology
           2.5.1 Vendor Inclusion Criteria
    2.6 Assumptions for the Study
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in the Zero-Trust Security Market
    4.2 Market Share of Top 3 Verticals and Regions, 2019
    4.3 Market Top 3 Solutions, 2019-2024
    4.4 Market By Deployment Type, 2019-2024
    4.5 Market By Organization Size, 2019

5 Market Overview and Industry Trends (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Frequency of Target-Based Cyberattacks
                    5.2.1.2 Increasing Regulations for Data Protection and Information Security
           5.2.2 Restraints
                    5.2.2.1 Budgetary Constraints Among Small and Emerging Start-Ups in Developing Economies
           5.2.3 Opportunities
                    5.2.3.1 High Demand for Better Visibility Due to the Rising IoT Traffic Among Enterprises
                    5.2.3.2 Increasing Need for Cloud-Based Zero Trust Security Solutions Among SMES
           5.2.4 Challenge
                    5.2.4.1 Design and Implementation Challenges to Deploy Zero Trust Security Solutions
    5.3 use Cases
    5.4 Industry Trends

6 Zero-Trust Security Market By Solution Type (Page No. - 45)
    6.1 Introduction
    6.2 Network Security
           6.2.1 Network Security Enables Detection, Monitoring, and Prevention of Network Malfunction
    6.3 Data Security
           6.3.1 Data Security Prevents Data Leakages Through Database Auditing and Reporting, Encryption and Tokenization, Data Masking and Redaction, and Access Control Management
    6.4 Endpoint Security
           6.4.1 Increasing Number of Connected Devices to Drive Adoption of Endpoint Security
    6.5 Security Orchestration Automation and Response
           6.5.1 Soar Enables Organizations to Automatically Detect and Respond to Security Operations From a Single Console
    6.6 API Security
           6.6.1 API Security Offers Optimal Defense Solution for Mitigating Cyber Threats
    6.7 Security Analytics
           6.7.1 Security Analytics Complements Traditional Security Measures Offering Real-Time Analytics to Organizations
    6.8 Security Policy Management
           6.8.1 Security Policy Management Facilitates Easy Compliance Management and Reduces Reliance on Manual Process
    6.9 Others

7 Zero-Trust Security Market By Deployment Type (Page No. - 63)
    7.1 Introduction
    7.2 On-Premises
           7.2.1 On-Premises Zero Trust Security Solutions Offer Complete Control Over Security Policies
    7.3 Cloud
           7.3.1 Cloud Zero Trust Security Solutions Offer Cost-Effectiveness and Ease of Customization

8 Zero-Trust Security Market By Authentication Type (Page No. - 69)
    8.1 Introduction
    8.2 Single-Factor Authentication
           8.2.1 Single-Factor Authentication Simplifies Access to the Network System
    8.3 Multi-Factor Authentication
           8.3.1 Multi-Factor Authentication Provides Additional Security Through Multiple Protection Layers

9 Zero-Trust Security Market By Organization Size (Page No. - 75)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
           9.2.1 Small and Medium-Sized Enterprises to Manage Unawared Various Cyber Risks Through Zero Trust Security Solutions
    9.3 Large Enterprises
           9.3.1 Large Enterprises Leverage Zero Trust Security Capabilities to Tackle Cyber Risks Occurred From Malware and Human Errors

10 Zero-Trust Security Market By Vertical (Page No. - 81)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
             10.2.1 Banking, Financial Services, and Insurance to Reduce Risk of Using Digital Banking Applications
     10.3 IT and Telecommunications
             10.3.1 IT and Telecommunications Prefer Business Models Enabled With Zero Trust Security Solutions to Prevent Large Amounts of Sensitive Data
     10.4 Government and Defense
             10.4.1 Government and Defense to Continuously Invest in Cyber Security-Related Solutions
     10.5 Retail and Ecommerce
             10.5.1 Retail and Ecommerce Companies to Prevent Endpoint Access
     10.6 Healthcare
             10.6.1 Healthcare Companies Focus on Securing Large Repository of Patient Information
     10.7 Energy and Power
             10.7.1 Energy and Power Companies Adopting Zero Trust Security Solutions to Safeguard Operational Technologies
     10.8 Others

11 Zero-Trust Security Market By Region (Page No. - 93)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                       11.2.1.1 US Market to Grow Due to Presence of Several Security Vendors
             11.2.2 Canada
                       11.2.2.1 Canada Market to Propel Due to Geographic Expansions of Security Vendors
     11.3 Europe
             11.3.1 United Kingdom
                       11.3.1.1 United Kingdom Market to Grow Due to Favorable Government Regulations
             11.3.2 Germany
                       11.3.2.1 Germany Market to Expand Due to Increasing M2M Connected Devices
             11.3.3 France
                       11.3.3.1 France Market to Grow Due to Strict Laws for Data Protection
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                       11.4.1.1 China Market to Grow Due to Rise in Development of Smart Cities
             11.4.2 Japan
                       11.4.2.1 Japan Market to Expand Due to Increased Data Protection Awareness
             11.4.3 Australia
                       11.4.3.1 Australia Market to Rapidly Adopt Surveillance and Alarming Security Systems
             11.4.4 Singapore
                       11.4.4.1 Singapore Market to Expand Due to Growing Network Infrastructure
             11.4.5 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Middle East
                       11.5.1.1 Local Governments in the Middle East Countries to Focus on Security-Related Initiatives
             11.5.2 Africa
                       11.5.2.1 African Organizations to Deploy Security Solutions to Address Dynamic Business Models
     11.6 Latin America
             11.6.1 Brazil
                       11.6.1.1 Brazil Market to Grow Due to Adoption of Zero Trust Security Solutions in Banking, Financial Services, and Insurance Vertical
             11.6.2 Mexico
                       11.6.2.1 Mexico Market to Grow Due to Growing Awareness of Mass Surveillance
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 130)
     12.1 Competitive Leadership Mapping
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic Differentiators
             12.1.4 Emerging Companies
     12.2 Competitive Scenario
             12.2.1 New Product Launches and Product Enhancements
             12.2.2 Partnerships, Agreements, and Collaborations
             12.2.3 Mergers and Acquisitions
             12.2.4 Business Expansions

13 Company Profiles (Page No. - 138)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.2 Cisco
     13.3 Akamai
     13.4 Palo Alto Networks
     13.5 Symantec
     13.6 OKTa
     13.7 Forcepoint
     13.8 Centrify
     13.9 Cyxtera Technologies
     13.10 Illumio
     13.11 Sophos Group PLC
     13.12 Google
     13.13 Microsoft
     13.14 VMware
     13.15 Trend Micro
     13.16 Cloudflare
     13.17 IBM
     13.18 Fortinet
     13.19 Check Point Software Technologies
     13.20 Pulse Secure
     13.21 ON2IT

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 170)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (101 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Evaluation Criteria
Table 4 Zero-Trust Security Market Size and Growth, 2017–2024 (USD Million)
Table 5 Prominent Regulatory Acts and Governing Bodies
Table 6 Global Market use Cases
Table 7 Global Market Trends
Table 8 Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 9 Network Security: Market Size By Region, 2017–2024 (USD Million)
Table 10 Network Security: Market Size By Vertical, 2017–2024 (USD Million)
Table 11 Data Security: Market Size By Region, 2017–2024 (USD Million)
Table 12 Data Security: Market Size By Vertical, 2017–2024 (USD Million)
Table 13 Endpoint Security: Market Size By Region, 2017–2024 (USD Million)
Table 14 Endpoint Security: Market Size By Vertical, 2017–2024 (USD Million)
Table 15 Soar: Zero-Trust Security Market Size, By Region, 2017–2024 (USD Million)
Table 16 Soar: Market Size By Vertical, 2017–2024 (USD Million)
Table 17 API Security: Market Size By Region, 2017–2024 (USD Million)
Table 18 API Security: Market Size By Vertical, 2017–2024 (USD Million)
Table 19 Security Analytics: Zero-Trust Security Market Size, By Region, 2017–2024 (USD Million)
Table 20 Security Analytics: Market Size By Vertical, 2017–2024 (USD Million)
Table 21 Security Policy Management: Market Size By Region, 2017–2024 (USD Million)
Table 22 Security Policy Management: Market Size By Vertical, 2017–2024 (USD Million)
Table 23 Others: Market Size By Region, 2017–2024 (USD Million)
Table 24 Others: Market Size By Vertical, 2017–2024 (USD Million)
Table 25 Zero-Trust Security Market Size, By Deployment Type, 2017–2024 (USD Million)
Table 26 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 27 On-Premises: Market Size By Vertical, 2017–2024 (USD Million)
Table 28 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 29 Cloud: Market Size By Vertical, 2017–2024 (USD Million)
Table 30 Zero-Trust Security Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 31 Single-Factor Authentication: Market Size By Region, 2017–2024 (USD Million)
Table 32 Single-Factor Authentication: Market Size By Vertical, 2017–2024 (USD Million)
Table 33 Multi-Factor Authentication: Market Size By Region, 2017–2024 (USD Million)
Table 34 Multi-Factor Authentication: Market Size,By Vertical, 2017–2024 (USD Million)
Table 35 Zero-Trust Security Market Size, By Organization Size, 2017–2024 (USD Million)
Table 36 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 37 Small and Medium-Sized Enterprises: Market Size By Vertical, 2017–2024 (USD Million)
Table 38 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 39 Large Enterprises: Market Size By Vertical, 2017–2024 (USD Million)
Table 40 Zero-Trust Security Market Size, By Vertical, 2017–2024 (USD Million)
Table 41 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 42 IT and Telecommunications: Market Size By Region, 2017–2024 (USD Million)
Table 43 Government and Defense: Market Size By Region, 2017–2024 (USD Million)
Table 44 Retail and Ecommerce: Market Size By Region, 2017–2024 (USD Million)
Table 45 Healthcare: Zero-Trust Security Market Size, By Region, 2017–2024 (USD Million)
Table 46 Energy and Power: Market Size By Region, 2017–2024 (USD Million)
Table 47 Others: Market Size By Region, 2017–2024 (USD Million)
Table 48 Zero-Trust Security Market Size, By Region, 2017–2024 (USD Million)
Table 49 North America: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 50 North America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 51 North America: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 52 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 53 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 54 North America: Market Size By Country, 2017–2024 (USD Million)
Table 55 US: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 56 US: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 57 US: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 58 US: Market Size By Organization Size, 2017–2024 (USD Million)
Table 59 US: Market Size By Vertical, 2017–2024 (USD Million)
Table 60 Canada: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 61 Canada: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 62 Canada: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 63 Canada: Market Size By Organization Size, 2017–2024 (USD Million)
Table 64 Canada: Market Size By Vertical, 2017–2024 (USD Million)
Table 65 Europe: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 66 Europe: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 67 Europe: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 68 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 69 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 70 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 71 UK: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 72 Germany: Market Size By Solution Type, 2017–2024 (USD Million)
Table 73 France: Market Size By Solution Type, 2017–2024 (USD Million)
Table 74 Asia Pacific: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 75 Asia Pacific: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 76 Asia Pacific: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 77 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 78 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 79 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 80 China: Market Size By Solution Type, 2017–2024 (USD Million)
Table 81 Japan: Market Size By Solution Type, 2017–2024 (USD Million)
Table 82 Australia: Market Size By Solution Type, 2017–2024 (USD Million)
Table 83 Singapore: Market Size By Solution Type, 2017–2024 (USD Million)
Table 84 Middle East and Africa: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 85 Middle East and Africa: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 86 Middle East and Africa: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 87 Middle East and Africa: Market Size  By Organization Size, 2017–2024 (USD Million)
Table 88 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 89 Middle East and Africa: Market Size By Sub-Region, 2017–2024 (USD Million)
Table 90 Latin America: Zero-Trust Security Market Size, By Solution Type, 2017–2024 (USD Million)
Table 91 Latin America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 92 Latin America: Market Size By Authentication Type, 2017–2024 (USD Million)
Table 93 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 94 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 95 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 96 Brazil: Market Size By Solution Type, 2017–2024 (USD Million)
Table 97 Mexico: Market Size By Solution Type, 2017–2024 (USD Million)
Table 98 New Product Launches and Product Enhancements, 2018–2019
Table 99 Partnerships, Agreements, and Collaborations, 2018–2019
Table 100 Mergers and Acquisitions, 2018–2018
Table 101 Business Expansions, 2018–2019
 
 
List of Figures (48 Figures)
 
Figure 1 Global Zero-Trust Security Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up and Top-Down Approaches
Figure 4 APAC Segment to Grow at the Highest CAGR During the Forecast Period
Figure 5 North America to Hold the Largest Market Share in 2019
Figure 6 Fastest-Growing Segments of the Zero-Trust Security Market
Figure 7 Constantly Evolving and Increasing Cyber-Attacks are Expected to Steadily Push the Demand for Zero Trust Security Solutions Across Various Industry Verticals and Regions
Figure 8 Government and Defense Segment and North American Region are Estimated to Have the Largest Market Shares in 2019
Figure 9 Data Security Market is Estimated to Have the Largest Market Share in 2019
Figure 10 Cloud Segment is Expected to Have the Larger Market Share During the Forecast Period
Figure 11 Large Enterprises Segment is Estimated to Have the Largest Market Share in 2018
Figure 12 Drivers, Restraints, Opportunities, and Challenges: Automation Testing Market
Figure 13 Data Security Segment to Hold the Largest Market Size During the Forecast Period
Figure 14 North America to Hold the Largest Market Size During the Forecast Period
Figure 15 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 16 Europe to Acquire Second Largest Market Share During the Forecast Period
Figure 17 MEA to Grow at the Second Highest CAGR During the Forecast Period
Figure 18 North America to Hold the Largest Market Size During the Forecast Period
Figure 19 Europe to Hold the Second Largest Market Size During the Forecast Period
Figure 20 MEA to Grow at the Highest CAGR During the Forecast Period
Figure 21 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 22 Cloud Segment to Dominate the Market During the Forecast Period
Figure 23 North America to Have the Largest Market Size During the Forecast Period
Figure 24 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 25 Single-Factor Authentication Segment to Dominate the Market During the Forecast Period
Figure 26 Europe to Have the Second Largest Market Size During the Forecast Period
Figure 27 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 28 Large Enterprises Segment to Hold a Larger Market Size During the Forecast Period
Figure 29 North America to Hold the Largest Market Size During the Forecast Period
Figure 30 MEA to Grow at the Second Highest CAGR During the Forecast Period
Figure 31 Government and Defense Vertical to Dominate the Market During the Forecast Period
Figure 32 North America to Hold the Largest Market Size During the Forecast Period
Figure 33 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 34 Europe to Hold the Second Largest Market Size During the Forecast Period
Figure 35 MEA to Grow at the Second Highest CAGR During the Forecast Period
Figure 36 North America to Hold the Largest Market Size During the Forecast Period
Figure 37 Europe to Hold the Second Largest Market Size During the Forecast Period
Figure 38 MEA to Grow at the Second Highest CAGR During the Forecast Period
Figure 39 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 40 North America: Market Snapshot
Figure 41 Asia Pacific: Market Snapshot
Figure 42 Zero-Trust Security Market (Global) Competitive Leadership Mapping, 2019
Figure 43 Key Developments By the Leading Players in the Zero-Trust Security Market, 2018–2019
Figure 44 Cisco: Company Snapshot
Figure 45 Akamai: Company Snapshot
Figure 46 Palo Alto Networks: Company Snapshot
Figure 47 Symantec: Company Snapshot
Figure 48 Okta: Company Snapshot

The study involved four major activities in estimating the current size of the Zero Trust Security Market. Exhaustive secondary research was done to collect information on the Zero Trust Security Market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The Zero Trust Security Market comprises several stakeholders, such as project managers, software developers, business analysts, security consultants and advisors, cybersecurity solution providers, zero-trust security solution providers, information technology (IT) administrators. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes Zero Trust Security solutions providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Zero-Trust Security Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the zero-trust security market. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the global Zero Trust Security market solution type, deployment type, authentication type, organization size, vertical, and region from 2019 to 2024, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), Latin America
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Zero Trust Security market
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Zero Trust Security market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the APAC market includes India, New Zealand, and Malaysia, among others
  • Further breakdown of the Latin American market includes Argentina, and Chile, among others
  • Further breakdown of the MEA market includes UAE, Saudi Arabia, and South Africa, among others
  • Further breakdown of the European market includes Norway, Spain, and Italy, among others.

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 7384
Published ON
Oct, 2019
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