What is Zero-Trust Security?
Zero trust security is a network security model that requires strict identity verification for every person and device trying to access resources on a private network, regardless of whether they are sitting within or outside of the network perimeter. This security model combines a wide range of preventive techniques including identity verification, end-point security, micro-segmentation, and least privilege controls. The factors such as High Benefits such as Greater Enterprise Visibility, Reduced IT Complexity, Less Demanding Security Workloads and Data Protection and Increased Threat of Cyber Attacks are driving the global Zero-Trust Security market.
The market study is broken down by Type (Data Security, Endpoint Security, API Security, Security Analytics and Security Policy Management), by Application (Banking, Financial Services, and Insurance, Telecom, IT, and IteS, Government and Defense, Retail & E-commerce, Healthcare, Energy and Power and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Zero-Trust Security market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Google LLC (United States), Cisco Systems, Inc. (United States), Akamai Technologies (United States), Palo Alto Networks, Inc. (United States), Okta, Inc. (United States), SonicWall (United States), Forcepoint (United States), Centrify (United States), Cloudflare, Inc. (United States) and Check Point Software Technologies (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Varonis Systems (United States), Pulse Secure (United States) and ON2IT (Netherland)..
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Zero-Trust Security market by Type, Application and Region.
On the basis of geography, the market of Zero-Trust Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises will boost the Zero-Trust Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premise will boost the Zero-Trust Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In January 2021, Google LLC has announced that its BeyondCorp Enterprise framework is now generally available to all enterprises that want to enjoy the benefits of the “zero-trust” security model. BeyondCorp is a “zero trust” security framework that shifts access controls from the perimeter to individual devices and users.
Market Trend
- Increased Organozaton's Exposure to Data Breaches, Malware and Ransomware Attacks
Market Drivers
- High Benefits such as Greater Enterprise Visibility, Reduced IT Complexity, Less Demanding Security Workloads and Data Protection
- Increased Threat of Cyber Attacks
Opportunities
- Digital Transformation is Increasing Risk Exposure
- Constantly Changing Enterprise Access and Security
Restraints
- Less Adoption of Zero-Trust Security in Small and Medium Enterprises due to Budgetary Constraints
Challenges
- Technological Complexities in Zero-Trust Security
Key Target Audience
Zero-Trust Security Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.