Zero Trust Security Market Projected to Hit USD 122.3 Billion at a 17.60% CAGR by 2030 – Report by Market Research Future (MRFR)

In 2021, the Zero Trust Security Market Size was estimated to be worth USD 11,781.7 Million. Zero Trust Security market industry is anticipated to experience a compound annual growth rate (CAGR) of 17.60% from 2022 to 2030, rising from USD 13,121.0 Million in 2022 to USD 122.3 Billion. Due to the vast amount of unprocessed data that can’t be analysed using conventional scientific techniques, big data opened the door for data science.

The internet, artificial intelligence, and other data science approaches have led to the progressive expansion of businesses and corporations all over the world. The term “Zero Trust Security,” or “BDaaS,” describes a wide range of cloud-based big data management services.

This is analogous to the big data XaaS models, which are based on SaaS, IaaS, and PaaS cloud computing concepts. The “Zero Trust Security” cloud-based platform, which provides end-to-end big data solutions, was developed in response to the expanding business’s needs.

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Zero Trust Security Market Key Players

Major players in the zero-trust security market including.

• Cisco Systems, Inc. (US)
• IBM (US)
• Akamai Technologies (US)
• Google LLC (US)
• Check Point Software Technologies Ltd. (Israel)
• Pulse Secure, LLC. (US)
• Palo Alto Networks (US)
• Zscaler, Inc. (US)
• Deloitte Touche Tohmatsu Limited (UK)
• Accenture (UK)
• PWC (UK)
• Tata Consultancy Service Limited (India)
• Microsoft Corporation (US)
• Com (US)
• EY (US)
• KPMG (Netherlands)
• Boston Consultancy Group (US)
• Forcepoint and McKinsey & Company (US)

The industry is being propelled by the growth of social media platforms, the globalisation of e-commerce, and the pace of 5G deployment. The increasing demand for Zero Trust Security across social media platforms including Facebook, Twitter, LinkedIn, Instagram, YouTube, Snapchat, and others is the primary factor driving the market’s expansion. Additionally, the increased usage of social media and smart devices generates a tremendous amount of data.

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Segmentation

The Zero Trust Security market is segmented into cloud and on-premises deployment types. The on-premises category now maintains the majority of market share due to a strong preference for this sort of deployment and is anticipated to grow at a strong CAGR in the next years.

Network security, Endpoint security, data security, and cloud security are all part of the market segmentation for zero trust security based on security type. With an outstanding CAGR over the past several years, the endpoint security segment has dominated this market and is expected to do so going forward.

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The Zero Trust Security market is segmented based on application type into IT & Telecom, BFSI, Healthcare, Retail, and Others. This market’s dominant segment, IT & Telecom, has shown tremendous growth and is expected to continue to expand at a fastest CAGR over forecast period.

This market has been divided into four regions based on geography: North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to continue to dominate this market during the forecast period after experiencing significant growth and the fastest CAGR in recent years. North America acts as the main headquarters for a number of important international organisations. The expansion of the security perimeter and the growth of the multiple end-user sectors are what are driving the demand for zero-trust security in the region.

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The risks brought on by the assaults might affect everyone, from people and businesses to governments. As a result, data security has become a primary priority in the area. Additionally, cyberattacks are rapidly growing across North America, especially in the United States. They have reached an all-time high, in part due to the rapidly growing number of connected devices in the area. But in the following years, the Asia-Pacific region is also anticipated to dominate the market with a remarkable CAGR.

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