ZERO TRUST ARCHITECTURE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

A zero trust architecture (ZTA) is an enterprise's cyber security plan that utilizes zero trust concepts and encompasses component relationships, workflow planning, and access policies. Zero trust is a strategic approach to cybersecurity that secures an organization by eliminating implicit trust and continuously validating every stage of a digital interaction. Zero trust architecture is a security architecture built to reduce the network's attack surface, prevent lateral movement of threats, and lower the risk of a data breach based on the core tenets of the zero trust security model.

Market Dynamics:

Increasing number of data breaches, increasing number of cyber-attacks, strict rules & regulations concerning cybersecurity, increasing popularity of Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD), and growing demand for zero-trust security solutions across the globe are expected to drive growth of the global zero trust architecture market.

For instance, in June 2022, to enhance cybersecurity across the U.S., Microsoft Corp. announced the expansion of Tenable’s collaboration with Microsoft Intelligent Security Association (MISA). Both Microsoft and Tenable will enhance the U.S. government’s ability to quickly identify, investigate, prioritize, and remediate threats, and raise the country’s security posture by developing zero trust architectures and other tools for cybersecurity.

Key features of the study:

• This report provides in-depth analysis of the global zero trust architecture market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global zero trust architecture market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Forcepoint LLC, FireEye, Inc., Proofpoint, Inc., Cyxtera Technologies, Inc., CrowdStrike Holdings, Inc., VMware, Inc., Okta, Inc., Zscaler, Inc., Fortinet, Inc., Akamai Technologies, Inc., Symantec Corporation, Palo Alto Networks, Inc., Microsoft Corporation, Cisco Systems, Inc., and Check Point Software Technologies Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global zero trust architecture market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global zero trust architecture market

Zero Trust Architecture Market Detailed Segmentation:

• By Component:
  • Identity and Access Management (IAM)
  • Multi-Factor Authentication (MFA)
  • Network Security Solutions
  • Endpoint Security Solutions
  • Security Analytics and Automation
  • Data Security Solutions
  • Security Policy and Enforcement
• By Deployment Type:
  • On-Premises
  • Cloud-based
• By Organization Size:
  • Small and Medium Enterprises (SMEs)
  • Large Enterprises
• By Application:
  • Network Security
  • Data Security
  • Application Security
  • Endpoint Security
  • Cloud Security
• By End-use Industry:
  • IT and Telecommunications
  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Government and Defense
  • Retail and eCommerce
  • Manufacturing
  • Energy and Utilities
  • Others
• By Service:
  • Consulting and Advisory Services
  • Implementation and Integration Services
  • Managed Services
  • Training and Support Services
• By Security Layer:
  • User/Application Authentication
  • Device/Endpoint Authentication
  • Network Segmentation and Micro-Segmentation
  • Data Encryption and Protection
  • Threat Detection and Response
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Forcepoint LLC
  • FireEye, Inc.
  • Proofpoint, Inc.
  • Cyxtera Technologies, Inc.
  • CrowdStrike Holdings, Inc.
  • VMware, Inc.
  • Okta, Inc.
  • Zscaler, Inc.
  • Fortinet, Inc.
  • Akamai Technologies, Inc.
  • Symantec Corporation
  • Palo Alto Networks, Inc.
  • Microsoft Corporation
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.