Zero Trust Network Security Service Market Scope
Zero trust is a cyber-security concept which works on the principle of zero assumed trust. It requires strict identity verification for every person and device trying to access resources on a private network, within or outside of the network perimeter. This service is gaining popularity as it has shown capabilities in stopping security breaches. Also, it is a cost-effective, simple-to-use, and reliable security mechanism. Zero trust networks also utilize microsegmentation. Adopting this model will provide user a balance between security and usability. At the same time, it protects those applications and users from advanced threats on the Internet.
According to AMA, the Global Zero Trust Network Security Service market is expected to see growth rate of 19.2%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Zero Trust Network Security Service market throughout the predicted period.
Google LLC (United States), Microsoft, Inc. (United States), Cisco Systems Inc. (United States), IBM Corporation (United States), Akamai Technologies, Inc. (United States), VMware Inc. (United States), Palo Alto Networks, Inc. (United States), Symantec Corporation (United States), Okta, Inc. (United States) and Forcepoint, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sophos Group PLC (United Kingdom), Trend Micro Incorporated (Japan), Cloudflare (United States), Fortinet (United States) and Check Point Software Technologies Ltd. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Zero Trust Network Security Service market and Region with country level break-up.
On the basis of geography, the market of Zero Trust Network Security Service 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).
Market Leaders and their expansionary development strategies
On February 2020, HPE has acquired zero-trust networking, security firm Scytale. This acquisition represents HPE's ongoing transformation to contribute to open source projects in the cloud native computing foundation and elsewhere.
Market Trend
- Trends Associated with Cloud Computing and Increase of Internet-of Things
Market Drivers
- Increasing move of financial institution towards cloud-systems are expected to drive growth of the zero-trust security systems.
- Growing Frequency of Cyberattacks
- Digital Transformation of Businesses
- Increasing Regulations for Data Protection and Information Security
Opportunities
- Rising Investments in New and Advanced Technology such as Machine Learning
- High Demand and Rising IoT Traffic among Enterprises
- Increasing Need for Cloud-Based Zero Trust Security Solutions among Enterprises
Restraints
- Budgetary Constraints among Small and Emerging Start-Ups
- High Cost of Service and Complex Architecture
Challenges
- Wide Variances in Cybersecurity Maturity
- Technical Debt, Impact on Legacy Systems, and Deployment of Peer-to-Peer and Distributed Systems
Key Target Audience
Software and Service Providers, Software and Service Vendors, System Integrators, Large/SMEs Business Houses, End-Use Industry and Others