Zero Trust Security Market Size, Growth Analysis Report, Forecast to 2030 | MRFR
Zero-Trust Security Market Overview
The zero-trust security market is expected to grow at a CAGR of 17.60% from 2022 to 2030. The increasing adoption of cloud-based applications and the growing number of cyberattacks are the major factors driving the growth of the market.
Zero-Trust Security Market Drivers
- Adoption of cloud-based applications: The increasing adoption of cloud-based applications is one of the major factors driving the growth of the zero-trust security market. Cloud-based applications are more vulnerable to cyberattacks than on-premises applications. Therefore, organizations are adopting zero-trust security solutions to protect their cloud-based applications.
- Growing number of cyberattacks: The growing number of cyberattacks is another major factor driving the growth of the zero-trust security market. Cybercriminals are constantly finding new ways to attack organizations. Therefore, organizations are adopting zero-trust security solutions to protect themselves from these attacks.
Zero-Trust Security Market Challenges
- High cost of implementation: The high cost of implementation is one of the major challenges hindering the growth of the zero-trust security market. Zero-trust security solutions are complex and require a significant investment in hardware, software, and training.
- Lack of skilled professionals: The lack of skilled professionals is another major challenge hindering the growth of the zero-trust security market. There is a shortage of skilled professionals who can implement and manage zero-trust security solutions.
Zero-Trust Security Market Segmentation
The zero-trust security market can be segmented based on deployment, solution, organization size, and region.
- By deployment: The market can be segmented into on-premises and cloud-based. The cloud-based segment is expected to grow at a higher rate during the forecast period.
- By solution: The market can be segmented into identity and access management (IAM), network security, endpoint security, and data security. The IAM segment is expected to grow at a higher rate during the forecast period.
- By organization size: The market can be segmented into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprise segment is expected to grow at a higher rate during the forecast period.
- By region: The market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to be the leading market during the forecast period.
Browse In-depth Market Research Report (111 Pages) on Zero-Trust Security Market
Zero-Trust Security Market Players
Some of the key players operating in the zero-trust security market are:
- Akamai Technologies
- Cisco Systems
- IBM
- Check Point Software Technologies
- Palo Alto Networks
- Symantec
- Pulse Secure
- Okta
- Cloudflare
Zero-Trust Security Market Trends
- The rise of artificial intelligence (AI) and machine learning (ML): AI and ML are being increasingly adopted in the zero-trust security market to automate tasks, improve efficiency, and reduce costs.
- The growing importance of security analytics: Security analytics is becoming increasingly important in the zero-trust security market to identify and respond to threats in real time.
- The increasing adoption of micro-segmentation: Micro-segmentation is a security technique that divides a network into smaller segments, making it more difficult for attackers to move laterally.
Conclusion
The zero-trust security market is expected to grow at a significant pace during the forecast period. The growth of the market is attributed to the increasing adoption of cloud-based applications, the growing number of cyberattacks, and the rising awareness about the importance of security.
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