Zero-Trust Security Market by Solution Type, Authentication Type, Deployment, Vertical

List of Tables

[189 Pages Report] The Zero-Trust Security Market size was estimated at USD 26.70 billion in 2023 and expected to reach USD 31.27 billion in 2024, at a CAGR 17.18% to reach USD 81.04 billion by 2030.

The zero-trust security comprises a diverse range of solutions, technologies, and services designed to safeguard organizations from cyber threats by adhering to the "never trust, always verify" principle. This approach discards the conventional notion of a secure network perimeter, assuming all users, devices, and data sources are potentially compromised. Key industries utilizing zero-trust security solutions include financial services, healthcare, manufacturing, government agencies, and IT service providers. The zero-trust security market has been witnessing significant growth driven by the adoption of cloud-based services and increasing cyber threats targeting organizations across sectors. Additionally, stringent regulatory compliance requirements are forcing organizations to adopt comprehensive security measures like zero-trust security solutions. However, challenges such as high implementation costs may deter SMEs from adopting these advanced security measures. Lack of awareness about zero-trust security concepts and a shortage of skilled professionals can hinder widespread adoption. Furthermore, developing simplified implementation frameworks that integrate seamlessly with existing IT infrastructure can encourage wider adoption among smaller organizations with limited resources.

KEY MARKET STATISTICS
Base Year [2023]	USD 26.70 billion
Estimated Year [2024]	USD 31.27 billion
Forecast Year [2030]	USD 81.04 billion
CAGR (%)	17.18%

Solution type: Consumer's specific need and preference for solution

API security focuses on securing the communication between different applications, ensuring that data remains protected during data transfer. It is essential for companies with multiple integrations and those utilizing microservices architecture. Data security protects susceptible information from unauthorized access, corruption, and theft. Companies with strict compliance requirements and those handling confidential customer data prioritize data security solutions. Endpoint security aims to secure all endpoint devices, such as desktops, laptops, mobile phones, and IoT devices, from potential cyberattacks. Endpoint security is crucial for organizations focusing on remote and hybrid work setups to safeguard corporate networks from external threats. Network security protects an organization's infrastructure from unauthorized access, attacks, or misuse. This solution is essential for businesses with large-scale networks due to the increasing cyber threats. Security analytics tools help organizations detect potential threats by examining data from various sources to identify patterns and anomalies. Companies with a robust cybersecurity strategy are going to prioritize these solutions to strengthen their overall security posture. SOAR solutions enable organizations to automate their incident response processes effectively by integrating various security tools into a single platform. Businesses looking for efficient threat management prefer implementing SOAR technologies. Security policy management solutions help organizations create, monitor, and enforce security policies across their networks. Companies looking to maintain compliance with industry regulations benefit from implementing these systems.

Authentication Type: Consumers' security needs and implementation of MFA to reinforce their zero-trust security posture

Multi-factor authentication is a protection mechanism that requires users to provide two or more different forms of identification before granting access to a system or resource. MFA offers enhanced security as it reduces the risk of compromised passwords or stolen credentials. Single-factor authentication relies on one form of identification to grant access, typically a username and password combination. While simpler than MFA, SFA is more vulnerable to attacks as it is easier for threat actors to compromise a single factor.

Deployment: Growing preference towards on cloud deployment due to ease and cost-effectiveness

On-cloud zero-trust security solutions are hosted entirely on cloud-based infrastructure provided by third-party vendors. This deployment type offers several advantages, including ease of implementation, scalability, cost-effectiveness, and remote access capabilities. Organizations that prefer on-cloud deployment typically have a decentralized workforce spread across different locations or require rapid provisioning of new resources. On-premise zero-trust security deployments involve installing and managing hardware appliances within an organization's local network infrastructure. This approach allows for more excellent data storage and processing control while adhering to stringent security requirements. Organizations that prefer on-premise deployment often have strict regulatory and compliance needs or require higher levels of customization. On-premises data resides within the organization's servers, offering increased security. In contrast, using a public cloud environment guarantees data security is a concern due to cloud breaches and hacking.

Vertical: Increasing adoption of zero-trust security across various digital ecosystem

The need for zero-trust security in the banking, financial services, and insurance (BFSI) sector is paramount due to the susceptible nature of customer data and transactions. The increasing cyber threats targeting this sector require a robust security framework beyond traditional perimeter defenses. Energy and power generation sectors are critical infrastructures; hence, they need advanced cybersecurity solutions such as zero-trust security models to protect their assets from external and internal threats. Government agencies and defense organizations demand high-level security measures due to their classified information and national interest concerns. Zero-trust security helps ensure data integrity by providing access based on strict user validation protocols. The healthcare industry is a primary target for cybercriminals due to the sensitive nature of patient data and intellectual property. Zero-trust security aids in mitigating potential breaches by controlling access based on the principle of least privilege. IT and telecommunications sectors face unique challenges due to their rapidly evolving technology landscape and widespread adoption of cloud services, making them vulnerable to sophisticated cyberattacks. Retail and e-commerce businesses rely heavily on consumer trust; hence, they must invest in robust cybersecurity measures including zero-trust security models for protecting customer data and ensuring compliance with regulations such as the General Data Protection Regulation (GDPR) and Payment Card Industry Data Security Standard (PCI DSS).

Regional Insights

Zero-trust security has gained significant traction in the Americas due to increasing cyber threats and a growing remote workforce. The US government's recent executive order on improving the nation's cybersecurity emphasizes implementing zero-trust architecture, highlighting its importance in securing critical infrastructure. The European Union (EU)countries are focusing on enhancing their cybersecurity posture through strong regulatory frameworks like GDPR and NIS Directive. These regulations encourage organizations to adopt a robust security strategy such as zero-trust architecture, leading to increased demand for related products and services. Moreover, initiatives such as the EU Cybersecurity Act aim to establish certification schemes for ICT products, services, and processes to promote higher standards across member states. The Asia Pacific region presents a diverse landscape for zero-trust security adoption, driven by the need to protect sensitive data across various industries such as finance, healthcare, and manufacturing. APAC countries, including China, Japan, and India, are rapidly expanding their digital ecosystem and are focusing on enhancing their national cyber defense capabilities.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Zero-Trust Security Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Zero-Trust Security Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Zero-Trust Security Market, highlighting leading vendors and their innovative profiles. These include Airgap Networks Inc., Akamai Technologies, Inc., Anitian, Inc., Authomize Ltd., BlackBerry Limited, Block Armour Pvt. Ltd., Broadcom Inc., Cisco Systems, Inc., Cyxtera Technologies, Inc., Delinea Inc., Elisity Inc., Forcepoint, Google LLC, Infinipoint Ltd., International Business Machines Corporation, Mesh Security Ltd., Microsoft Corporation, Myota, Inc., Okta, Inc., ON2IT BV, Ory Corp., Palo Alto Networks, Inc., Pulse Secure, LLC by Ivanti, Sonet.io Inc., and Trend Micro Inc..

Market Segmentation & Coverage

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

Solution Type
- API Security
- Data Security
- Endpoint Security
- Network Security
- Security Analytics
- Security Orchestration Automation & Response
- Security Policy Management

Authentication Type
- Multi-Factor Authentication
- Single-Factor Authentication

Deployment
- On-Cloud
- On-Premise

Vertical
- Banking, Financial Services, & Insurance
- Energy & Power
- Government & Defense
- Healthcare
- IT & Telecommunications
- Retail & Ecommerce

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Zero-Trust Security Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Zero-Trust Security Market?

3. What are the technology trends and regulatory frameworks in the Zero-Trust Security Market?

4. What is the market share of the leading vendors in the Zero-Trust Security Market?

5. Which modes and strategic moves are suitable for entering the Zero-Trust Security Market?

Product Code: MRR-432CBFF6F18D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing frequency of target-based cyberattacks
  - 5.1.1.2. Rising regulations for data protection and information security
- 5.1.2. Restraints
  - 5.1.2.1. Budgetary constraint among small and emerging start-ups in developing economies
- 5.1.3. Opportunities
  - 5.1.3.1. Raised demand for better visibility due to the rising IoT traffic among enterprises
  - 5.1.3.2. Increasing need for cloud-based zero trust security solutions among SMEs
- 5.1.4. Challenges
  - 5.1.4.1. Design and implementation challenges to deploy zero trust security solutions
5.2. Market Segmentation Analysis
- 5.2.1. Solution type: Consumer's specific need and preference for solution
- 5.2.2. Authentication Type: Consumers' security needs and implementation of MFA to reinforce their zero-trust security posture
- 5.2.3. Deployment: Growing preference towards on cloud deployment due to ease and cost-effectiveness
- 5.2.4. Vertical: Increasing adoption of zero-trust security across various digital ecosystem
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Zero-Trust Security Market, by Solution Type

6.1. Introduction
6.2. API Security
6.3. Data Security
6.4. Endpoint Security
6.5. Network Security
6.6. Security Analytics
6.7. Security Orchestration Automation & Response
6.8. Security Policy Management

7. Zero-Trust Security Market, by Authentication Type

7.1. Introduction
7.2. Multi-Factor Authentication
7.3. Single-Factor Authentication

8. Zero-Trust Security Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Zero-Trust Security Market, by Vertical

9.1. Introduction
9.2. Banking, Financial Services, & Insurance
9.3. Energy & Power
9.4. Government & Defense
9.5. Healthcare
9.6. IT & Telecommunications
9.7. Retail & Ecommerce

10. Americas Zero-Trust Security Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Zero-Trust Security Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Zero-Trust Security Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. BeyondID Introduces Identity-First Model for Zero Trust Maturity
- 13.3.2. Lumeus.ai raises USD 6 million to enable universal zero-trust security across clouds and on-premises data centers
- 13.3.3. Xage Raises USD 30 million Series B to Expedite Zero Trust Security Adoption Among Real-World Operations
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio