According to a new report, published by KBV research, The Global Zero Trust Architecture Market size is expected to reach $49.6 billion by 2030, rising at a market growth of 15.8% CAGR during the forecast period.
The Solution segment is generating the maximum revenue in the Global Zero Trust Architecture Market, By Component in 2022: thereby, achieving a market value of $34.6 billion by 2030. The segment is growing owing to the growing demand for ZTA solutions, which offer a set of integrated technologies designed to enforce the principles of zero trust. These solutions provide a comprehensive technological foundation for organizations looking to implement zero trust. Zero trust solutions enable organizations to implement adaptive access controls that dynamically adjust based on contextual factors. This adaptability is crucial for responding to changing user behavior, device health, and overall security conditions.
The Small & Medium Enterprises segment is registering a CAGR of 16.7% during (2023 - 2030). Due to the increased number of cyber threats that target SMEs due to their perceived susceptibility compared to larger enterprises, the demand for ZTA is expanding at an explosive rate among the SMEs. It provides a comprehensive security framework by addressing these concerns with enhanced protection. Additionally, adopting these solutions in this segment is further propelled by the fact that they are easier to deploy and manage, which further appeals to SMEs with limited IT resources.
The On-premise segment is leading the Global Zero Trust Architecture Market, By Deployment Type in 2022; thereby, achieving a market value of $26.3 billion by 2030. Preferentially, organizations would rather retain sensitive information internally than outsource it, which increases the demand for on-premise solutions. In addition, the ability to physically possess and manage security monitoring through on-premises solutions provides an adaptable and versatile security program. Throughout the forecast period, the segment is anticipated to increase.
The Healthcare segment is exhibiting a CAGR of 17.1% during (2023 - 2030). The ongoing advancement and integration of technologies, including analytics and telehealth services, to enhance communication efficiency between entities and end-users propels the demand for secure network infrastructure services. Furthermore, the escalating frequency of cyber-attacks targeting healthcare IT infrastructures has necessitated a sophisticated security framework to safeguard vital data. These elements are anticipated to elevate the need for zero-trust security measures within the healthcare industry.
The North America region dominated the Global Zero Trust Architecture Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $18.0 billion by 2030. The Europe region is poised to grow a CAGR of 15.6% during (2023 - 2030). Additionally, The Asia Pacific region would experience a CAGR of 16.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/zero-trust-architecture-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Palo Alto Networks, Inc., VMware, Inc., Zscaler, Inc., Akamai Technologies, Inc., Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Citrix Systems, Inc. (Cloud Software Group, Inc.), Check Point Software Technologies Ltd. and Forcepoint LLC (Francisco Partners).
By Component
By Organization Size
By Deployment Type
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By Geography
Companies Profiled
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