Zero Trust Architecture Market Forecast 2024-2033

Overview and Scope
Zero trust architecture (ZTA) is a cybersecurity approach that assumes that no connection, user, or asset is trustworthy until verified. Its goal is to minimize attack surfaces and reduce exposure to cyberattacks by continuously verifying identities and access rights throughout the entire digital ecosystem.

Sizing and Forecast
The zero trust architecture market size has grown rapidly in recent years. It will grow from $18.54 billion in 2023 to $21.84 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to data breaches and cyber attacks, digital transformation, remote access requirements, zero trust frameworks and standards, regulatory compliance requirements.

The zero trust architecture market size is expected to see rapid growth in the next few years. It will grow to $41.62 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to cloud adoption and migration, vendor and supply chain risk management, security threat landscape, internal and external threat intelligence, incident response preparedness. Major trends in the forecast period include zero trust as a service (ZTAAS), zero trust for devsecops, zero trust for remote workforce, convergence with identity-centric security, zero trust analytics and behavioral monitoring.

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Segmentation & Regional Insights
The zero trust architecture market covered in this report is segmented –

1) By Offering: Solution, Services
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3)By Deployment Mode: Cloud, On-Premises
4) By Application: Network Security, Data Security, Endpoint Security, Cloud Security, Application Security
5) By Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Defense, Information Technology And Information Technology enabled Services, Healthcare, Retail And Ecommerce, Energy And Utilities, Other Verticals

North America was the largest region in the zero trust architecture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the zero trust architecture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increasing cyber security threats are expected to propel the growth of the zero-trust architecture market going forward. Cyber security refers to the practice of protecting computer systems, networks, devices, and data from unauthorized access, cyber-attacks, theft, damage, or other malicious activities. Zero-trust architecture enhances cybersecurity resilience by adopting a proactive and comprehensive approach to identity verification, access control, and risk management, effectively mitigating cyber threats and protecting critical assets and data from unauthorized access and exploitation. For instance, in January 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security operations center, 38% increase in global cyber-attacks in 2022, compared to 2021. In 2022, 83% of the organizations experienced multiple data breaches and 60% of data breaches resulted in price increases that were passed on to customers. Therefore, increasing cyber security threats are driving the zero-trust architecture market.

Key Industry Players

Major companies operating in the zero trust architecture market are Google LLC, Microsoft Corporation, International Business Machines Corporation, Cisco Systems Inc, Broadcom Inc, VMware Inc, Palo Alto Networks Inc, Fortinet Inc, Akamai Technologies Inc, Citrix Systems Inc., Check Point Software Technologies Ltd, Trellix, Proofpoint Inc, CrowdStrike Holdings Inc, Netskope Inc, Okta Inc, Zscaler Inc, Cloudflare Inc, Cyxtera Technologies Inc, Forcepoint LLC, Ivanti, Nord Security, Musarubra US LLC (Skyhigh Security), Versa Networks Inc, Perimeter 81 Ltd, Appgate Inc, Axis Cyber Security Ltd, Twingate Inc, Zero Networks, GoodAccess, Cloud Software Group Inc

The zero trust architecture market report table of contents includes:

1. Executive Summary
2. Zero Trust Architecture Market Characteristics
3. Zero Trust Architecture Market Trends And Strategies
4. Zero Trust Architecture Market – Macro Economic Scenario
5. Global Zero Trust Architecture Market Size and Growth
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31. Zero Trust Architecture Market Other Major And Innovative Companies
32. Global Zero Trust Architecture Market Competitive Benchmarking
33. Global Zero Trust Architecture Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Zero Trust Architecture Market
35. Zero Trust Architecture Market Future Outlook and Potential Analysis
36.Appendix

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