Zero Trust Security Market: A Deep Dive into Key Industry Players
The global zero trust security market size is anticipated to reach USD 82.45 billion by 2030, growing at a CAGR of 16.6% from 2023 to 2030, according to a recent study by Grand View Research, Inc. The growing sophistication of cyber threats and their negative impact on an organization’s operational activity have compelled several policymakers, governments, and authorities to implement and form regulations. Currently, more than 120 countries have implemented some form of privacy laws for data protection. This is to promote data security and support consumers in ensuring that data is stored in a secured infrastructure. For instance, in August 2021, China legislated its omnibus data protection legislation, the Personal Information Protection Law (PIPL), which protects personal data and regulates processing. It went into effect on November 1, 2021. The PIPL is intended to govern the processing of Personal Information (PI) of Chinese citizens within and outside of China. The PIPL coexists with the Chinese Cybersecurity Law (CSL), which governs internet service providers, internet infrastructure, and national cyber security, and the Data Security Law (DSL), which governs data security in general.
The regulations and laws related to data protection generally follow the principles of notice, choice and consent, access and participation, integrity and security, and enforcement. These principles form a basic structure to advise users of the policies to safeguard their personal information, a consent to store or collect personal information, ensure the information has no unauthorized access, and ensure data collection follows compliance. As the Internet of Things (IoT) expands across organizations and an increasing number of IoT applications collect consumer data from several touchpoints, the risk of data theft and unauthorized access to data increases. Data protection regulations and laws are essential to prevent such attempts. Such regulations compel companies to maintain adequate security compliances and form zero-trust policies, driving market growth.
Gather more insights about the market drivers, restrains and growth of the Zero Trust Security Market
Zero Trust Security Market Report Highlights
• The network security segment of the market is expected to register the highest CAGR from 2023-2030, more than 18%. The growth of the network security segment can be attributed to its benefits which include mitigating risks, protecting propriety information, and enabling a modern workplace, among others
• During the forecast period, the cloud segment is expected to witness the highest CAGR of more than 16% in the market. The growth of the cloud segment can be attributed to benefits such as better scalability, flexibility, and improved security, among others
• The multifactor authentication segment is estimated to occupy the largest share of the market by authentication in 2022. The multifactor authentication offers added layers of security, which have been a major factor in the segment's growth
• The SME segment of the market is projected to register the highest growth rate over the forecast period, owing to the rising need for cyber security among SMEs, and the low price of zero trust security owing to cloud deployment has also been driving the growth of the SME segment
• The healthcare segment of the zero trust security model is projected to register the highest growth rate of 19%. The increasing cyber-attack against the healthcare industry has been a major driving factor for adopting zero-trust security
• The Asia Pacific region of the zero trust security industry is projected to witness the highest growth rate by region over the forecast [period. The region's growth can be attributed to rising digitalization combined with improving cybersecurity regulation.
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• The global dispatch console market size was valued at USD 1.95 billion in 2024 and is projected to grow at a CAGR of 5.0% from 2025 to 2030.
Zero Trust Security Market Segmentation
Grand View Research has segmented the global zero trust security market based on security type, deployment, organization size, authentication, application, and region:
Zero Trust Security Security Type Outlook (Revenue, USD Billion, 2018 - 2030)
• Network Security
• Data Security
• Endpoint Security
• Cloud Security
• Others
Zero Trust Security Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• On-premises
• Cloud
Zero Trust Security Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)
• SMEs
• Large Enterprise
Zero Trust Security Authentication Outlook (Revenue, USD Billion, 2018 - 2030)
• Single-factor Authentication
• Multi-factor Authentications
Zero Trust Security Application Outlook (Revenue, USD Billion, 2018 - 2030)
• IT & Telecom
• BFSI
• Healthcare
• Retail
• Others
Zero Trust Security Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa
o UAE
o Saudi Arabia
o South Africa
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