PUBLISHER: Value Market Research | PRODUCT CODE: 1542545
PUBLISHER: Value Market Research | PRODUCT CODE: 1542545
The global demand for Zero Trust Security Market is presumed to reach the market size of nearly USD 141.64 Billion by 2032 from USD 33.82 Billion in 2023 with a CAGR of 17.25% under the study period 2024 - 2032.
Zero trust security is a new type of cybersecurity that works on the zero-accepted trust method. The framework requires that only authenticated and authorized users and devices are allowed to access applications and data. Zero trust security mixture needs every outsider and insider to give original confirmation before entering the secured network. Zero trust security guarantees a simple-to-use, profitable, and dependable security process.
The increasing use of cloud technologies and endpoint devices in enterprises has increased the demand for a zero-trust security framework. Moreover, the unexpected rise in cyber-attacks such as online scams, data harvesting malware, phishing emails, and disruptive malware may increase demand for zero trust security. These factors are anticipated to offer lucrative investment opportunities during the forecast period. The advancing digital infrastructure in emerging economies and increasing regulations for data protection and information security are fueling the market. Growing digitalization initiatives in developing countries have led public and private enterprises to choose cloud and mobility-based applications, which are expected to fuel market growth. The growing adoption of 5G technology, rising internet penetration globally, and rising consumer demand for smart devices are expected to drive market growth. However, the cost and time required to integrate the new solutions with the existing ones are considered tedious tasks. These are the factors expected to hinder the overall growth of the zero trust security market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Zero Trust Security. The growth and trends of Zero Trust Security industry provide a holistic approach to this study.
This section of the Zero Trust Security market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Zero Trust Security market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Zero Trust Security market include Akamai Technologies, Appgate, Broadcom, Check Point Software Technologies Ltd., Cisco Systems Inc., Cloudflare Inc., CrowdStrike, Forcepoint, Fortinet Inc., IBM, Musarubra US LLC, Microsoft, Okta, Palo Alto Networks, Zscaler Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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