Zero Trust Security Market Analysis

The market is segmented by solution type into data security, API security, security analytics, endpoint security, and security policy management, out of which, the data security segment is anticipated to hold the largest share in the zero trust security market on account of the growing requirement to safeguard huge amount of data generated on a daily basis across different business domains. Additionally, on the basis of deployment, the segment for cloud is evaluated to grow at the highest CAGR over the forecast period, which can be credited to its benefits such as high speed, improved IT security and scalability. Along with this, growing demand for cloud-based security services among small & medium sized enterprises (SMEs) is also assessed to drive growth to this market segment. About 95% of enterprises have deployed cloud service till now. Out of these, more than 65% of companies already have a central cloud team.

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

Solution Type

Data Security
API Security
Security Analytics
Endpoint Security
Security Policy Management

Deployment

Cloud
On-Premise

Enterprise Size

Large Enterprises
Small & Medium Enterprises

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of zero trust security is evaluated at USD 35.89 billion.

Zero Trust Security Market size was valued at USD 31.64 billion in 2023 and is set to cross USD 238.23 billion by 2036, registering more than 16.8% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by growing incidences of target-based cyberattacks and rapid digitization in developing nations.

Asia Pacific is poised to account for largest revenue share by 2036, on the back of increasing adoption of digital payments and internet banking services and growing penetration of internet in emerging economies.

The major players in the market are Cisco Systems Inc., Palo Alto Networks, Trend Micro Inc., Akamai Technologies, IBM Corporation, and others.

Zero Trust Security Market Analysis