Zero Trust Security Solutions Market Size is Worth USD 69.85 Billion in 2028 | Increased adoption of IoT-based devices

Zero Trust Security Solutions Market Size is Worth USD 69.85 Billion in 2028 |  Increased adoption of IoT-based devices
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The increasing number of cyber attacks is among the main factors driving revenue growth of the global zero trust security solutions market.

Market Size: USD 19.49 billion in 2020, Market Growth: At a CAGR of 17.2%, Market Trend: Increased adoption of IoT-based devices.

— Emerging Research

VANCOUVER, BC, CANADA, June 27, 2022 /EINPresswire.com/ — Global zero trust security solutions market Size is expected to reach $69.85 billion in 2028 and post a consistent revenue CAGR of 17.2% over the forecast period, according to the latest analysis from Emergen Research. The main factors driving the growth of the market revenue are the increasing number of cyber attacks, the presence of strict regulations for information security and data protection, and the increase in digitalization in developing countries. Zero-trust security is an IT security framework that requires authentic verification of every device, user, or machine that attempts to connect to or access a private network.

The increasing number of cyber attacks is among the main factors driving revenue growth of the global zero trust security solutions market.

The zero-trust security solution uses advanced authentication technologies such as multi-factor authentication (MFA), next-generation endpoint security technology, identity and access management (IAM), and identity protection. MFA is a type of verification method that requires a user or any device to provide two or more authentication values ​​to provide access to a network or resource, such as an online account, app, or VPN. North America accounted for the largest revenue share in the global market in 2020. Increasing investment from private investors in network security infrastructure and strong presence from major companies are some of the key factors driving the growth of market revenue in this region.

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The SWOT analysis carried out during the study sheds light on the strengths, weaknesses, opportunities and threats encountered by the featured vendors. Expert opinions on the past, present and future trends covered by the study are intended to provide clarity on the future prospects of the industry.

The main manufacturers covered in this report:

Cisco Systems Inc., Akamai Technologies, Inc., Palo Alto Networks, Inc., Symantec Corporation, Okta, Inc., Forcepoint, LLC., Centrify Corporation, Cyxtera Technologies, Illumio, and Sophos Group Plc

For the purposes of this report, Emergen Research has segmented the global zero trust security solutions market based on type, deployment mode, end use, and region:

Type Outlook (Revenue, billion USD; 2018–2028)

data security

API security

security endpoint

Security Policy Management

Security analysis

Implementation Mode Outlook (Revenue: $1 billion; 2018–2028)

On site

Cloud

End-Use Outlook (Revenue: $Bn; 2018–2028)

BFSI

IT and telecommunications

Retail and eCommerce

Health care

Energy and Utility

Others

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Regional Perspective (Revenue: $1 billion; 2018–2028)

North America

U.S

Canada

Mexico

Europe

Germany

France

United Kingdom

BENELUX

Italy

Spain

Swiss

Russia

The rest of Europe

Pacific Asia

Porcelain

Japan

South Korea

India

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

South Africa

Turkey

Rest of MEA

Some key takeaways from the report:

In April 2020, Google launched the product based on the zero trust approach BeyondCorp Remote Access. This product allows employees to access internal web applications from any device and from any location, without a virtual private network or VPN.

The data security segment accounted for the largest revenue share in the global market in 2020. This can be attributed to rising digital data volumes and growing concerns regarding data security.

Asia Pacific is expected to post the fastest revenue CAGR during the forecast period. The growing number of SMEs and developments in the IT sector are key factors driving market revenue growth in this region.

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This report strategically examines micromarkets and brings to light the impact of technology upgrades on zero trust security solutions market performance. The researchers conducting the research also conduct a comprehensive analysis of recent changes in government regulation and their impact on the competitive landscape of the industry.

Table of Contents:

Report Overview: Includes study objectives and scope, and highlights key market segments and players covered. It also includes the years considered for the research study.

Executive Summary – Covers industry trends with a high focus on market use cases and major market trends, market size by regions, and global market size. It also covers the market share and growth rate by regions.

Key Players: Here, the report concentrates on Mergers and Acquisitions, Expansions, Key Players Analysis, Establishment Date of Companies and Areas Served, Manufacturing Base, and Revenue of Key Players.

Breakdown by Product and Application: This section provides details on the market size by product and application.

Regional Analysis: All the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

International Player Profiles: Here, players are evaluated based on their gross margin, price, sales, revenue, deals, products, and other company details.

Market Dynamics: Includes supply chain analysis, regional marketing analysis, challenges, opportunities, and drivers discussed in the report.

Appendix: Includes details about the research approach and methodology, research methodology, data sources, study authors, and a disclaimer.

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The professional intelligence study on the Zero Trust Security Solutions market addresses some of the most critical questions:

What are the key trends in the market?

What are the driving forces behind the Zero Trust Security Solutions market?

What are the obstacles to market growth?

Who are the main providers in this space?

What are the threats and opportunities in the market for key vendors?

What are the strengths or weaknesses of critical suppliers?

What are the future opportunities for players in the Zero Trust Security Solutions market?

What are the main issues facing the global Zero Trust Security Solutions market?

What does the competitive landscape look like?

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Zero Trust Security Solutions Market Size is worth USD 69.85 Billion in 2028

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