Zero Trust technology is a choice for companies that need a more secure way to avoid sensitive data leakage and reduce the risk of emerging cyber-attacks targeting their organization. The analytics company, Forrester Research, originally developed Zero Trust, and it is advertised as an answer to conventional security architectures. Throughout the forecast period, the global zero trust security market is projected to record a CAGR of 15.4 per cent to hit the US$32.15 billion mark by 2025.
A number of large companies are recognizing the opportunity and advantage of using a Zero Trust model for business security systems. The key reason why zero-trust protection approaches are implemented highly is the high incidence of goal-based cyberattacks. Other factors influencing the demand are the increasing number of cyber threats due to the proliferation of cloud-based solutions and increased digitalization. In addition, SMEs' budget limitations are anticipated to be a restraint to business growth in the global zero trust security market.
Most businesses use conventional security infrastructure, which works using the now outdated idea that something that is stored within their own network can be considered to be trusted. Security threats will emerge internally in modern times, and with far more intellect than it has ever been. New methods of protection need to be checked to avoid the proliferation of vulnerabilities within organisations. Standard security techniques, as described above, only prevent risks from being targeted from outside the organisation.
It is projected that the worldwide zero-trust Security Market will record a 15.4 per cent CAGR throughout the forecast period. The worldwide zero trust security market geographic study is conducted for Europe, North America, Asia-Pacific, Middle East & Africa, and markets of South America. As the most technologically developed country, North America holds the largest share in the market, and the digitalization rate in the regional market is very high. The US dominates the North American market, because it has a strong digital transition penetration with large amounts of sensitive data being produced, and the country's top need for zero-trust security solutions. Due to the large number of cyber attacks attributable to the adoption of cloud-based services, Asia-Pacific is projected to become the rapidly growing region in the worldwide zero trust security market throughout the forecast period.
Google has made BeyondCorp Remote Access accessible, introducing the first consumer product focused on Google's revolutionary zero-trust solution to cyber security, which has already used for a decade. The cloud-based software allows workers to access web apps from most devices anywhere, without a conventional private virtual remote access network.
The Global Zero-Trust Security Industry was fragmented based on Type of Authentication, Deployment, Type of Solution, Size of the Organization, Vertical and Region / Country. The Global Zero-Trust Security Market has been categorized into single-factor authentication and multi factor authentication by authentication method.The global zero trust security industry has been categorized by solution type into network security, data security, API security, endpoint security, security policy management, security analytics, SOAR, amongst others. The global zero trust security market has been categorized into medium and small-sized and large companies based on organizational size. The worldwide zero-trust security market has been segmented into financial services and insurance, banking, information technology and telecom, government & defence, healthcare, energy and power, retail, and e-commerce, among others.