According to a new report, published by KBV research, The Global Zero Trust Security Market size is expected to reach $101.39 billion by 2031, rising at a market growth of 16.1% CAGR during the forecast period.
The Single-factor segment is poised to grow at a CAGR of 15.1 % during the forecast period. This growth was driven by its ease of implementation, cost-effectiveness, and widespread adoption across various industries. Single-factor authentication, such as passwords or biometrics, remains preferred for organizations looking to balance security with user convenience, especially in low-risk environments where additional authentication layers may not be required.
The Cloud segment captured the maximum revenue in the Global Zero Trust Security Market by Deployment in 2023, thereby, achieving a market value of $62.4 billion by 2031. The increasing adoption of cloud computing, SaaS applications, and remote work environments has fuelled the demand for cloud-based zero-trust security solutions. Cloud deployment offers scalability, cost-effectiveness, and real-time threat monitoring, making it an attractive choice for SMEs and enterprises transitioning to hybrid and multi-cloud environments.
The Large Enterprises segment is experiencing a CAGR of 15.7 % during the forecast period. This was driven by the increasing cybersecurity risks large organizations face due to complex IT infrastructures, remote work adoption, and rising cyber threats such as ransomware and data breaches. Large enterprises invest heavily in zero-trust security frameworks to ensure robust access control, network segmentation, and continuous authentication, protecting sensitive data and critical business operations across global networks.
The Network Security segment led the maximum revenue in the Global Zero Trust Security Market by Type in 2023, thereby, achieving a market value of $26.6 billion by 2031. This growth was driven by the increasing adoption of cloud computing, remote work environments, and the rising frequency of cyber threats targeting enterprise networks. Organizations across various industries implement zero-trust network access (ZTNA) and micro-segmentation strategies to prevent unauthorized access, reduce attack surfaces, and enhance overall cybersecurity resilience.
The BFSI segment is growing at a CAGR of 15 % during the forecast period. The banking, financial services, and insurance sector faces increasing cyber threats, including fraud, identity theft, and ransomware attacks. To safeguard sensitive customer data, comply with stringent regulatory requirements, and ensure secure transactions, BFSI institutions are heavily investing in zero-trust security frameworks.
Full Report: https://www.kbvresearch.com/zero-trust-security-market/
The North America region dominated the Global Zero Trust Security Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $35.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 15.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 17% during (2024 - 2031).
By Authentication
By Deployment
By Enterprise Size
By Type
By End Use
Unique Offerings 
