Zero Trust Architecture Market Analysis

Vertical Segment Analysis

The retail & e-commerce segment is predicted to account for 30% share of the zero trust architecture market over the coming years. The retail and eCommerce industries are seeing a sharp increase in the use of Zero Trust Architecture as a result of a number of compelling factors. These include the handling of high-value assets and data by the industry, including product and sensitive customer data, which are easy targets for cyberattacks. Additionally, as cloud computing, mobile commerce, and the Internet of Things become more commonplace in retail and eCommerce organizations, security concerns increase, making this a wise defensive tactic. Strict compliance mandates including GDPR and PCI DSS also force these companies to put in place extensive security safeguards, with zero trust providing a strong foundation. Additionally, retailers and eCommerce companies are becoming more conscious of the advantages of protecting the data and technology that facilitate its uptake.  

Organization Size Segment Analysis

The SMEs segment is predicted to account for 60% share of the zero trust architecture market over the forecast period. This growth of the segment is set to be encouraged by the rising number of SME businesses. Globally, there were projected to be over 331 million SMEs in 2021-a marginal increase over the 327 million recorded in 2019. Within the given time frame, the most recent year had the greatest number of SMEs. It is an erroneous that only large companies have to be concerned about security. Cyberattacks are becoming more frequent, and trends in cybercrime affect both large and small enterprises. Moreover, since large number of SMEs business are now operating online the risk of cyber attack increases. As a result, the need for zero trust infrastructure is projected to rise in SMEs businesses. 

Our in-depth analysis of the global zero trust architecture market includes the following segments: