The Zero Trust Security Market is a rapidly evolving sector, driven by advancements in hardware, software, and digital infrastructure. It encompasses a wide range of services, including cloud computing, cybersecurity, data analytics, and artificial intelligence. The increasing demand for digital transformation across industries is fueling growth. Emerging technologies like 5G, blockchain, and IoT are further expanding its potential. With continuous innovation, the IT market is expected to see robust growth in the coming years, particularly in areas of automation and remote work solutions.
Market Size and Growth:
Global Zero Trust Security Market size was valued at USD 25.5 Billion in 2022 and is poised to grow from USD 31.6 Billion in 2023 to USD 99.7 Billion by 2031, growing at a CAGR of 15.5% in the forecast period (2024-2031).
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Key Market Players:
- Cisco Systems, Inc. (US)
- Akamai Technologies, Inc. (US)
- Palo Alto Networks, Inc. (US)
- Microsoft Corporation (US)
- Okta, Inc. (US)
- Fortinet, Inc. (US)
- Google LLC (US)
- Illumio, Inc. (US)
- CyberArk Software Ltd. (Israel)
- Broadcom Inc. (US)
- Check Point Software Technologies Ltd. (Israel)
- F5 Networks, Inc. (US)
- Trend Micro, Inc. (Japan)
- Zscaler, Inc. (US)
- Cloudflare, Inc. (US)
- Tenable, Inc. (US)
- One Identity LLC (US)
- Ping Identity Corporation (US)
- CrowdStrike Holdings, Inc. (US)
- Netskope, Inc. (US)
- Radware Ltd. (Israel)
- Thales Group (France)
Regional Segmentation:
North America: U.S., Canada and Mexico
Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
South America: Brazil, Argentina, and Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
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Segments covered in Network Automation Market are as follows:
- Authentication Type
- Multi-Factor Authentication, and Single-Factor Authentication
- Application
- Access Control (Inclusive of Data Access Control), API Security, User Behaviour Analytics (UBA), Security Analytics, Others
- Vertical
- BFSI, Healthcare, Government and Defence, Retail and ECommerce, Energy and Utilities, IT and ITEs, Other Verticals (Telecom, Manufacturing, Travel and Hospitality, Transportation and Logistics, And Education)
- Security Type
- Network Security, Application Security, Cloud Security, Data Security, Endpoint Security & IoT Security
- Offering
- Solution (Identity and Access management, Micro Segmentation, Zero Trust Network Access, Zero Trust Data Access (ZTDA), Security Information and Event management, User and Entity Behaviour Analytics, Policy management, Others), Services (Professional Services {Design, Deployment, Integration, and Consulting, Training, and Education, Support and Maintenance}, Managed Services)
Zero Trust Security Market Size And Scope
The Zero Trust Security market has experienced notable growth in recent years, propelled by the rising demand for power electronics across various sectors, including automotive, telecommunications, and renewable energy. This market is poised for further expansion as the global adoption of electric vehicles and renewable energy sources accelerates. Zero Trust Security are highly valued for their exceptional thermal conductivity, electrical insulation, and mechanical strength, making them indispensable in power modules and electronic components. With ongoing advancements in technology and manufacturing, the applications of Zero Trust Security are expected to broaden, extending their reach into an even wider array of uses in the near future.
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