Zero Trust Security Market is set to grow by USD 2.87 billion from … – PR Newswire

NEW YORK, June 28, 2023 /PRNewswire/ — According to Technavio, the zero trust security market size is estimated to grow by USD 2.87 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 16.15% during the forecast. Download a Sample Report now!

Information Services Market Insights –

• Vendors: 15+, Including Akamai Technologies Inc., Alphabet Inc., Broadcom Inc., Centrify Corp., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc, Cyxtera Technologies Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Illumioa Inc., International Business Machines Corp., Microsoft Corp, Musarubra US LLC, Okta Inc., Palo Alto Networks Inc., Sophos Ltd., and VMware Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Deployment (On-premises and Cloud) and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

To understand more about the information services market, request a sample report

Zero trust security market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including Akamai Technologies Inc., Alphabet Inc., Broadcom Inc., Centrify Corp., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Cloudflare Inc, Cyxtera Technologies Inc., Dell Inc., Forcepoint LLC, Fortinet Inc., Illumioa Inc., International Business Machines Corp., Microsoft Corp, Musarubra US LLC, Okta Inc., Palo Alto Networks Inc., Sophos Ltd., and VMware Inc.

Zero Trust Security Market – Market Dynamics

Major Drivers – 

The growing frequency of target-based cyber-attacks is one of the major drivers supporting the zero trust security market growth. Existing and new infrastructure, including on-premise devices, data centres, cloud-based platforms, and other IT infrastructure, are often exposed to target-based cyber-attacks. For many organizations, digital ways of doing business became the new business continuity plan (BCP). However, employees made use of digital technologies such as cloud solutions to work remotely. This augmented traffic attacks and other security menaces, and the need for cloud and enterprise security expanded. In view of this, new vendors are penetrating into the market. Furthermore, vendors in the global zero-trust security market offer cloud and on-premise zero-trust security solutions designed to keep infrastructure, websites, applications, application programming interfaces (APIs), and users safe from a multitude of target-based cyberattacks and online threats while improving performance. 

Significant Trends – 

The increasing need for network security is an emerging trend shaping the zero trust security market growth. Enterprises from various industries, such as BFSI, healthcare, retail, telecommunications, and manufacturing, are deploying technologies, such as IoT and big data analytics, to improve productivity and lower operational complexity.  The deployment of new advanced technologies, such as the cloud and IoT, is increasing the threat of cyberattacks. Many IoT devices are vulnerable to cyber-attacks and, thus, could function as a means for an attacker to hack into an enterprise’s IT infrastructure. Frequently these devices are mass-produced and identical, which enables the attacker to learn how to infiltrate them. However, a hacker could hack into an IoT device with default or ineffective passwords from a list of common default passwords. IoT devices that are not regularly updated could be compromised by a hacker exploiting a known flaw in the software. There is a rising demand for enhanced visibility in terms of users accessing the enterprise network from different locations, accessed applications, and the exact time of access. Therefore, the demand for IoT security solutions will fuel the growth of the market during the forecast period.

KEY challenges – 

Budgetary constraints among small and emerging startups in developing countries are one of the factors hindering the zero trust security market growth. Especially in developing countries, small firms, and emerging startups have budgetary constraints to deploy cybersecurity solutions due to the lack of capital. Enterprises have an advanced cybersecurity requirement to protect their network and IT infrastructure from different cyber-security threats. Moreover, the budget planned by these enterprises to manage these prerequisites is not adequate. In the current scenario, small and medium-sized companies and startups in developing countries such as India, China, and others are using digital technologies such as cloud solutions to work remotely. There is a strong need for emerging startups to adopt zero-trust security and take cybersecurity measures to guarantee the safety of their databases from cyber-attacks. Due to budgetary constraints, many of these small-scale startups are incapable to take these preventive measures, which may become a challenge to the market growth in the forecasted period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The zero trust security market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Zero Trust Security Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of zero trust security market between 2022 and 2026
• Precise estimation of the size of the zero trust security market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Zero Trust Security Market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of zero trust security market vendors

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Related Reports: 

The zero trust network access market share is expected to increase by USD 1.41 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 24.8%. This report extensively covers zero trust network access market segmentations by deployment (on-premises and cloud) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growing frequency of target-based cyber-attacks is one of the major drivers impacting the zero-trust network access market growth.

The cloud access security brokers market share is expected to increase by USD 8.2 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.46%. this report extensively covers the cloud access security brokers market segmentation by type (solution and services) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). Easy access to expertise is one of the key factors driving the global cloud access security brokers market growth.

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Deployment

• 5.1 Market segments 
• Exhibit 24: Chart on Deployment – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Deployment – Market share 2021-2026 (%)

• 5.2 Comparison by Deployment 
• Exhibit 26: Chart on Comparison by Deployment
• Exhibit 27: Data Table on Comparison by Deployment

• 5.3 On-premises – Market size and forecast 2021-2026
• Exhibit 28: Chart on On-premises – Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on On-premises – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on On-premises – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on On-premises – Year-over-year growth 2021-2026 (%)

• 5.4 Cloud – Market size and forecast 2021-2026
• Exhibit 32: Chart on Cloud – Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Cloud – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Cloud – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Cloud – Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Deployment 
• Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America – Market size and forecast 2021-2026
• Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 APAC – Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.6 South America – Market size and forecast 2021-2026
• Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.8 US – Market size and forecast 2021-2026
• Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.9 China – Market size and forecast 2021-2026
• Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.10 UK – Market size and forecast 2021-2026
• Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)

• 7.11 Canada – Market size and forecast 2021-2026
• Exhibit 74: Chart on Canada – Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Canada – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Canada – Year-over-year growth 2021-2026 (%)

• 7.12 Germany – Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Akamai Technologies Inc. 
• Exhibit 89: Akamai Technologies Inc. – Overview
• Exhibit 90: Akamai Technologies Inc. – Business segments
• Exhibit 91: Akamai Technologies Inc. – Key offerings
• Exhibit 92: Akamai Technologies Inc. – Segment focus

• 10.4 Broadcom Inc. 
• Exhibit 93: Broadcom Inc. – Overview
• Exhibit 94: Broadcom Inc. – Business segments
• Exhibit 95: Broadcom Inc. – Key news
• Exhibit 96: Broadcom Inc. – Key offerings
• Exhibit 97: Broadcom Inc. – Segment focus

• 10.5 Check Point Software Technologies Ltd.
• Exhibit 98: Check Point Software Technologies Ltd. – Overview
• Exhibit 99: Check Point Software Technologies Ltd. – Product / Service
• Exhibit 100: Check Point Software Technologies Ltd. – Key offerings

• 10.6 Cloudflare Inc 
• Exhibit 101: Cloudflare Inc – Overview
• Exhibit 102: Cloudflare Inc – Product / Service
• Exhibit 103: Cloudflare Inc – Key offerings

• 10.7 Fortinet Inc. 
• Exhibit 104: Fortinet Inc. – Overview
• Exhibit 105: Fortinet Inc. – Product / Service
• Exhibit 106: Fortinet Inc. – Key offerings

• 10.8 International Business Machines Corp.
• Exhibit 107: International Business Machines Corp. – Overview
• Exhibit 108: International Business Machines Corp. – Business segments
• Exhibit 109: International Business Machines Corp. – Key offerings
• Exhibit 110: International Business Machines Corp. – Segment focus

• 10.9 Microsoft Corp 
• Exhibit 111: Microsoft Corp – Overview
• Exhibit 112: Microsoft Corp – Business segments
• Exhibit 113: Microsoft Corp – Key news
• Exhibit 114: Microsoft Corp – Key offerings
• Exhibit 115: Microsoft Corp – Segment focus

• 10.10 Okta Inc. 
• Exhibit 116: Okta Inc. – Overview
• Exhibit 117: Okta Inc. – Product / Service
• Exhibit 118: Okta Inc. – Key offerings

• 10.11 Palo Alto Networks Inc. 
• Exhibit 119: Palo Alto Networks Inc. – Overview
• Exhibit 120: Palo Alto Networks Inc. – Product / Service
• Exhibit 121: Palo Alto Networks Inc. – Key news
• Exhibit 122: Palo Alto Networks Inc. – Key offerings

• 10.12 VMware Inc. 
• Exhibit 123: VMware Inc. – Overview
• Exhibit 124: VMware Inc. – Product / Service
• Exhibit 125: VMware Inc. – Key news
• Exhibit 126: VMware Inc. – Key offerings

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 127: Inclusions checklist
• Exhibit 128: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 129: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 130: Research methodology
• Exhibit 131: Validation techniques employed for market sizing
• Exhibit 132: Information sources

• 11.5 List of abbreviations 
• Exhibit 133: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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