Increased need to reduce business and organizational risk is driving market growth while increasing the frequency of targeted cyberattacks
PORTLAND, PORTLAND, OR, USA, Sept. 30, 2022 /EINPresswire.com/ — Allied Market Research has released a new report, titled “Zero Trust Security Market Drivers Shaping Future Growth, Revenue USD 126.02 Billion by 2031 | CAGR 18.5% .” The report offers an in-depth analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces Analysis, and competitive landscape. This study is a useful source of information for market players, investors, VPs, stakeholders and new entrants to gain an in-depth understanding of the industry and determine the steps to be taken to obtain a competitive advantage.
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The report offers a detailed segmentation of the global zero trust security market on the basis of component, deployment model, company size, authentication, industry vertical, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.
Based on the deployment model, the on-premises segment held the largest share in 2021, contributing more than half of the overall global zero trust security market share. Moreover, this segment is expected to contribute the highest market share by 2031. However, the cloud segment is also expected to register the fastest growth with a CAGR of 19.2% during the forecast period.
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Based on enterprise size, the large enterprise segment held the largest share in 2021, contributing more than three-fifths of the overall global zero trust security market share. Moreover, this segment should maintain its dominance over the forecast horizon. However, the SME segment is expected to register the highest CAGR of almost 19.6% from 2022 to 2031.
Based on component, the solutions segment contributed the largest market share in 2021, accounting for nearly two-thirds of the overall global zero trust security market share. Moreover, this segment is expected to maintain its dominant status during the forecast period. However, the services segment is expected to register the highest CAGR of 19.8% during the forecast period.
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Based on region, North America contributed the highest market share in 2021, accounting for nearly two-fifths of the global zero-trust security market. The region is expected to major contributor to the global market share in 2031. Additionally, the Asia Pacific zero trust security market is expected to register the highest CAGR of 20.0% during the forecast period. The research also analyzes regions such as Europe and LAMEA.
Key global zero trust security industry players analyzed in the research include Cisco Systems Inc., Akamai Technologies Inc., IBM, ZScaler, Symantec Corp., VMware, Inc., FireEye, Inc., SonicWall, Microsoft Corporation , Cloudflare, Google, Cyxtera Technologies, SonicWall, Palo Alto Networks, Check Point Software Technologies, Trend Micro, Inc., FireEye, Inc. and McAfee Corp.
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• COVID-19 pandemic has driven the expansion of the global zero trust security market owing to the implementation of zero trust security solutions and the provision of secure access to information while performing functions from a distance.
• Strict execution of Zero Trust security solutions during the COVID-19 pandemic has enabled various enterprises to effectively manage security issues.
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Finally, this report provides market insights in the most comprehensive manner. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.
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1. Cybersecurity market
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