VMware (US) and Cisco (US) are leading players in Zero Trust Architecture Market
The global zero trust architecture market size is projected to grow from USD 17.3 billion in 2023 to USD 38.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period. The zero trust architecture market’s growth is fueled by the concurrence of digital transformation and the widespread adoption of cloud environments. This transition results in a highly interconnected IT landscape, expanding the attack surface and necessitating a security framework capable of safeguarding data and applications across multiple cloud platforms.
Furthermore, the rising emphasis on regulatory compliance intensifies the adoption of zero trust architecture, as it aligns with industry-specific regulations and enhances visibility during audits. The shift from traditional perimeter security models to zero trust architecture offers enhanced security against evolving cyber threats, which demand robust network segmentation to mitigate potential damage in a breach. These factors underscore the growing importance and adoption of zero trust architecture solutions.
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Competitive overview:
The zero trust architecture market is led by some of the globally established players, such as Palo Alto Networks (US), VMware (US), Zscaler (US), Akamai (US), Microsoft (US), Cisco (US), IBM (US), Citrix (US), Check Point (US), Trellix (US), Forcepoint (US), CrowdStrike (US), Cloudflare (US), Fortinet (US), and Google (US). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.
VMware (US) is a prominent technology company known for its cutting-edge multi-cloud services and virtualization technologies that drive digital innovation while ensuring enterprise control. It offers diverse services, including software maintenance and professional services, with trademarked solutions like vRealize, Tanzu, and vCloud. Operating globally, VMware serves various sectors such as government, telecom, healthcare, retail, and financial services. Furthermore, the company’s offerings cover modern applications, cloud management, infrastructure, networking, security, and workspace solutions, making it an adaptable partner for businesses worldwide. VMware is also dedicated to enhancing security through a suite of zero trust architecture solutions. Moreover, the company’s collaboration with Amazon Web Services for integrated hybrid solutions highlights its commitment to innovation.
Cisco (US) is a prominent player in designing, manufacturing, and distributing integrated networking products and solutions, primarily focusing on Internet Protocol (IP)-based networking, security, and cybersecurity offerings. The company’s commitment to comprehensive protection revolves around a zero trust architecture approach, ensuring network, application, and overall environment security, covering diverse sources like users, IoT devices, and microservices. Serving a wide range of clients, from large enterprises to small and mid-sized businesses, Cisco offers security solutions like Cisco XDR, Secure Endpoint, Secure Data Center, and Application-First Security. Furthermore, the company facilitates collaboration through the Cisco Security Technology Alliance and offers advisory, implementation, and managed services, solidifying its global presence and strategic alliances with industry leaders.
Apart from prominent vendors, some other key players, such as Netskope (US), Perimeter 81 (US), Twingate (US), Appgate (US), Zero Networks (Israel), Versa Networks (US), Axis Security (US), Ivanti (US), NordLayer (US), and GoodAccess (Czech Republic) are also evolving in the zero trust architecture market.
According to MnM’s approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with simulation software and professional services, which would assist businesses in boosting market revenue.
Related Reports:
Zero Trust Architecture Market by Offering (Solutions and Services), Organization Size (SMEs and Large Enterprises), Deployment Mode (Cloud and On-Premises), Vertical (BFSI, IT & ITeS, Healthcare) and Region - Global Forecast to 2028
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