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Zero Trust Security Market Trends

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Report ID: 3206
Published Date: Sep 02, 2024
Report Format: PDF, PPT

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Zero Trust Security Market Trends

Growth Drivers

Growing Incidences of Target-Based Cyberattacks
Rapid Digitization in Developing Nations

Challenges

Lack of Budget to Deploy Zero Trust Security Services in Startups in Developing Countries

Zero Trust Security Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	16.8%
Base Year Market Size (2023)	USD 31.64 billion
Forecast Year Market Size (2036)	USD 238.23 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Zero Trust Security Market Size & Share, Growth Forecast 2036

Author Credits: Abhishek Verma

Report ID: 3206
Published Date: Sep 02, 2024
Report Format: PDF, PPT

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.

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