Zero Trust Security Market Size - By Deployment (Cloud, On-premises), Security Type (Network Security, Data Security, Endpoint Security, Cloud Security, Others), Authentication, End User, Enterprise Size, Network Type, Regional Outlook & Forecast, 2024 - 2032

Zero Trust Security Market Size - By Deployment (Cloud, On-premises), Security Type (Network Security, Data Security, Endpoint Security, Cloud Security, Others), Authentication, End User, Enterprise Size, Network Type, Regional Outlook & Forecast, 2024 - 2032

Zero Trust Security Market Size

Zero Trust Security Market size was valued at USD 29.3 billion in 2023 and is estimated to register a CAGR of over 18% between 2024 and 2032. The rising frequency and sophistication of cyberattacks & security breaches have significantly propelled the market demand. With traditional security models proving insufficient, organizations are adopting zero trust principles to enhance their defenses.

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According to the UK Government, approximately 39% of businesses and 30% of charities in the UK have experienced some form of cybersecurity breach or attack in 2022. The numerous identified breaches or attacks among businesses are driving the adoption of zero trust security solutions, ensuring comprehensive protection against evolving cyber threats and unauthorized access attempts.
 

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Zero trust security solutions are benefiting industries by offering robust protection against cyber threats and unauthorized access attempts. By implementing strict access controls, continuous monitoring & identity verification, these solutions prevent security breaches and data leaks. Industries gain enhanced data protection, reduced attack surface, and improved overall security posture. As organizations witness the effectiveness of zero trust security, the demand for these solutions continues to rise, propelling the zero trust security market growth.

The need to comprehensively redefine access controls and authenticate users & devices and segment networks results in the complex implementation of zero trust security. Organizations with existing legacy systems face integration challenges as these systems often lack compatibility with modern zero trust principles. Ensuring a seamless transition while maintaining the functionality of older technologies requires careful planning and expertise. Additionally, integrating new security measures without disrupting user experience demands a strategic approach to strike a balance between heightened security and user convenience.

COVID-19 Impact

The COVID-19 pandemic positively impacted the zero trust security market. With the widespread shift to remote work, businesses rapidly embraced zero trust principles to secure decentralized networks. Increased cyber threats during the pandemic further emphasized the importance of zero trust security, driving higher demands for related solutions. As organizations prioritize data security and remote access management, the market for zero trust security technologies and services continues to grow, ensuring enhanced cybersecurity in the post-pandemic digital landscape.

Zero Trust Security Market Trends

Zero trust solutions tailored for medical institutions are driving the zero trust security industry growth. These specialized solutions offer customized security measures, ensuring robust protection for sensitive healthcare data. For instance, in September 2023, Zscaler, Inc., a renowned cloud security provider, collaborated with CrowdStrike and Imprivata to offer a tailored zero-trust cybersecurity solution designed specifically for medical institutions.

This platform ensures comprehensive visibility, threat protection & traceability for multi-user environments, extending from devices to the cloud and enhancing cybersecurity measures across the entire medical ecosystem. The adoption of zero trust security solutions, specifically designed for healthcare environments, is propelling market expansion as organizations seek advanced, tailored strategies to safeguard patient information and critical healthcare infrastructure.

The integration of Artificial Intelligence (AI) with zero trust principles is driving the zero trust security market forward. AI-powered solutions enhance threat detection, automate security protocols, and analyze user behavior patterns, strengthening the overall security posture.

For instance, in September 2023, Mosyle introduced Mosyle Automated Zero Trust, a pioneering solution blending zero trust principles with Artificial Intelligence (AI) to streamline & automate security protocols on macOS devices as well as enhance the efficiency & simplicity of securing macOS devices. The ability to preemptively identify and mitigate risks significantly contributes to the growing adoption of these advanced & integrated security solutions, propelling market growth.

Zero Trust Security Market Analysis

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Based on enterprise size, the large enterprises segment was over USD 18 billion revenue in 2023. Partnerships are driving large enterprises forward in the market. Collaborations with innovative security providers enable these enterprises to access cutting-edge technologies and expertise.

For instance, in September 2023, BD Soft, an IT security distributor, partnered with Zaperon, an advanced zero trust security solution. This partnership is a transformative step in cybersecurity, offering robust protection against cyberattacks and revolutionizing traditional security measures. Such partnerships facilitate the implementation of comprehensive zero trust security frameworks, fostering trust and enabling large enterprises to adapt to the dynamic threat landscape effectively, ultimately propelling their growth in the market.

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Based on security type, the zero trust security market size from network security segment dominated around USD 18 billion in 202. The proliferation of remote work has elevated the importance of network security in the zero trust security framework. With employees accessing corporate networks from various locations and devices, the need for secure network connections has become critical. Zero trust security addresses this challenge by implementing stringent authentication and access controls, ensuring that remote workers can securely connect to the corporate network. This approach minimizes vulnerabilities associated with remote access, making it a fundamental factor in the market.

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North America zero trust security market accounted for 34% of the revenue share in 2023. The substantial IT spending by the U.S. government is a major factor driving the North America market growth. Government investments in advanced cybersecurity technologies including zero trust security solutions bolster the region's overall cybersecurity infrastructure.

According to the Authenticated U.S. Government Information, the IT Federal Information Technology (IT) released an IT spending budget of USD 58.4 billion in fiscal year 2022. As the government sets the standard for security practices, its substantial financial support encourages the widespread adoption of zero trust security measures among public and private organizations, propelling market expansion in North America.

Zero Trust Security Market Share

Cisco Systems, Inc. and Palo Alto Networks Inc. are dominating the zero trust security industry. They are engaged in the enhancement of zero trust solutions, levitating the competitive grounds to garner market shares. Vendors are continuously innovating to offer advanced solutions that address evolving cybersecurity threats.

Zero Trust Security Market Companies

Major companies operating in the zero trust security industry are

• Akamai Technologies Inc.
• Broadcom
• Centrify Corporation
• Cisco Systems, Inc.
• Google LLC
• IBM Corporation
• Microsoft Corporation
• Okta Inc.
• Palo Alto Networks Inc.
• VMware Inc.

Zero Trust Security Industry News

• In March 2023, Beyond Identity introduced Zero Trust Authentication, a subset of zero trust security that aligns verification with zero-trust principles. This innovative authentication method incorporates features such as password-less capability and phishing resistance. These elements enable businesses to authenticate the identities of individuals and devices with a high level of certainty in line with the zero-trust approach.

The zero trust security market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD billion) from 2018 to 2032, for the following segments

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Market, By Component

• Solution
• Services

Market, By Deployment

• Cloud
• On-premises

Market, By Enterprise Size

• Large Enterprises
• SMEs

Market, By Security Type

• Network Security
• Data Security
• Endpoint Security
• Cloud Security
• Others

Market, By Authentication

• Single-factor Authentication
• Multi-factor Authentication

Market, By End User

• BFSI
• IT & Telecom
• Healthcare
• Retail
• Government & Defense
• Others

The above information has been provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • South Africa
  • Saudi Arabia

How big is the zero trust security market?

The market size of zero trust security reached USD 29.3 billion in 2023 and is set to witness 18% CAGR between 2024 and 2032, says this GMI report.

How is network security segment influencing the zero trust security industry growth?

The network security segment held over USD 18 billion in 2023, owing to the proliferation of remote work culture which has elevated the importance of network security in the zero trust security framework.

What are the factors driving North America zero trust security market?

North America market share was over 34% in 2023, due to the substantial IT spending by the U.S. government in advanced cybersecurity technologies.

Who are the leading players in the zero trust security landscape?

Akamai Technologies Inc., Broadcom, Centrify Corporation, Cisco Systems, Inc., Google LLC, IBM Corporation, Microsoft Corporation, and VMware Inc.