The Zero Trust Security Global Market Report 2023, provides comprehensive information on the zero trust security market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global zero trust security market size is expected to grow from $28.03 billion in 2022 to $33.27 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the zero trust security market is expected to grow to $66.08 billion in 2027 at a CAGR of 18.7%.
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Advancing technologies is a key trend gaining popularity in the zero trust security market. Major companies operating in zero trust security are focused on developing technologically advanced security services and solutions to strengthen their market position. For instance, in June 2022, Zscaler, a US-based computer and network security company specializing in zero trust, SASE, cloud security, CASB, secure web gateways, and other related services, announced new AI/ML capabilities for the Zscaler Zero Trust Exchange platform. This Zscaler’s AI-powered Zero Trust platform system is based on an SSE framework, where company could augment and expand IT and security’s reach to combat the increasing frequency of sophisticated cyber-attacks.
The zero trust security market is segmented:
1) By Solution Type: Data Security, Network Security, API Security, Security Analytics, Endpoint Security, Security Orchestration Automation And Response, Security Policy Management, Other Solutions
2) By Authentication: Single Factor Authentication, Multi-Factor Authentication
3) By Deployment: On Premises, Cloud
4) By Organization Size: SMEs, Large Enterprise
5) By Application Area: IT and Telecom, BFSI, Healthcare, Retail, Other Application Area
Asia-Pacific was the largest region in the zero trust security market in 2022.
The table of contents in TBRC’s zero trust security market report includes:
- Executive Summary
- Zero Trust Security Market Characteristics
- Zero Trust Security Market Trends And Strategies
- Zero Trust Security Market – Macro Economic Scenario
- Zero Trust Security Market Size And Growth.
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- Africa Zero Trust Security Market
- Zero Trust Security Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Zero Trust Security Market
- Zero Trust Security Market Future Outlook and Potential Analysis
- Appendix
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