Global Zero Trust Security Market By Solution Type (Data Security, Security Orchestration Automation & Response, Network Security, Security Analytics & Security Policy Management, Endpoint Security, API Security and Others), By Authentication Type (Single-factor Authentication and Multi-factor Authentication), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Deployment Type (Cloud and On-premise), By Vertical (IT and ITES, BFSI, Healthcare & Social Assistance, Retail Trade, Utilities and Others), By Region, Industry Analysis and Forecast, 2020 - 2026

Analysis of Market Size & Trends

The Global Zero Trust Security Market size is expected to reach $54.6 billion by 2026, rising at a market growth of 18.8% CAGR during the forecast period. The principle of zero-trust is basically does not trust any entity outside or inside the company with an aim to maintain the security. When a person wants to access a company’s network, that person needs to get verified from the systems. Zero-trust solutions help the security teams to place policies correctly in order to authenticate each connection attempt and all the gadgets to intelligently limit the access. Under the zero-trust models, each access request is seriously validated, authorized under the policy constraints, and examined the oddity before allowing access. Everything attached to the user’s identity to the application’s hosting environment is utilized to safeguard the network from breaches.

The outbreak of the Covid-19 pandemic has shown a rapid shift in remotely working employees. With the given access through remote connectivity, the newly trained mobile workforce, and the prospects for restricted security reviews, cybercriminals are anticipated to get the benefits of the weak networks to get access to the internal networks. In recent years, zero-trust security has developed enormously, which uses an identity provider to get access to the applications and identifies the validation rights on the basis of the user & the gadgets. Basic authorization rights may include gadget & user identity validation to examine if the enterprise operates these gadgets.

Moreover, the growth of the market would be augmented by the increasing number of cyber vulnerabilities owing to the adoption of cloud-based services & rising digitalization. Along with this, government regulations like the General Data Protection Regulation (GDPR) of the European Union and the California Consumer Privacy Act (CCPA) of California, the US are some of the reasons that would open the new growth avenues for the zero-trust security market. Additionally, the growth of the market would be hindered due to budget constraints of small and medium enterprises.

In recent times, the BFSI industry has faced many advanced & persistent attacks that include ransom ware, malware, social engineering & phishing attacks, rootkits, file-less malware, and injection attacks. The majority of the BFSI end users are opting for cloud in comparison to the on-premise infrastructure, which is resulting in the high adoption of zero-trust security solutions. Companies operating in the business domain are aiming for cutting-edge technology for making solutions that created new growth prospects for the market.

Solution Type Outlook

Based on Solution Type, the market is segmented into Data Security, Security Orchestration Automation & Response, Network Security, Security Analytics & Security Policy Management, Endpoint Security, API Security and Others. Data security category is expected to acquire a dominant share in 2019. Data security solutions help in safeguarding a company’s database & information like financial information, customer details, and employee database, and also some important business information of a company. There is a massive amount of data generated on a daily basis in a company across different business domains where efficient management & storing the business information is a major job for the IT & data security experts.

Authentication Type Outlook

Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor Authentication. The Single-factor Authentication market dominated the Global Zero Trust Security Market by Authentication Type 2019, growing at a CAGR of 17.7 % during the forecast period. The Multi-factor Authentication market is showcasing a CAGR of 20.8% during (2020 - 2026).

Organization Size Outlook

Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Large enterprises would procure leading revenue share in the global zero-trust security market. These enterprises redefine the security policies & architecture to implement zero-trust to secure important information from different cyber-attacks. Large enterprises widely use zero-trust security technology to protect network, data centers, end-points, gadgets, customers, and applications from unapproved utilization & harmful ransom ware attacks.

Deployment Type Outlook

Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on deployment, the cloud market category would exhibit promising growth as compared to the on-premise category over the forecast period. These zero trust security solutions are installed on-premises, and also deliver cloud capabilities depending on the business needs. The on-premises deployment mode helps companies to properly manage zero-trust security solutions like the next-generation firewalls & intrusion prevention system.

Vertical Outlook

Based on Vertical, the market is segmented into IT and ITES, BFSI, Healthcare & Social Assistance, Retail Trade, Utilities and Others. The government & defense sector is anticipated to acquire significant growth over the forecast period. The rising need to assure government data security, endpoint security, network security, and other infrastructure is likely to accelerate the adoption of zero-trust security solutions in this sector.

Zero Trust Security Market Report Coverage

Report Attribute	Details
Market size value in 2019	USD 19 Billion
Market size forecast in 2026	USD 54.6 Billion
Base Year	2019
Historical Period	2016 to 2018
Forecast Period	2020 to 2026
Revenue Growth Rate	CAGR of 18.8% from 2020 to 2026
Number of Pages	363
Number of Tables	574
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competitive Landscape
Segments covered	Solution Type, Authentication Type, Organization Size, Deployment Type, Vertical, Region
Country scope	US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers	Increasing frequency of target-based cyber-attacks Increasing adoption of technology
Restraints	Restricted budget in small and medium enterprises in emerging economies

Free Valuable Insights: Global Zero Trust Security Market to reach a market size of $54.6 billion by 2026

KBV Cardinal Matrix - Zero Trust Security Market Competition Analysis

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America dominated the market in 2019. Asia-Pacific region is expected to witness a major growth during the forecast period. The growing adoption of internet banking & digital payments is estimated to propel the growth of the regional market.

The major strategies followed by the market participants are Acquisitions and Partnerships. Based on the Analysis presented in the Cardinal matrix; Google, Inc. and Microsoft Corporation are the forerunners in the Zero Trust Security Market. Companies such as Cisco Systems, Inc., Palo Alto Networks, Inc., and Check Point Software Technologies Ltd., Akamai Technologies, Inc., IBM Corporation are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Akamai Technologies, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., IBM Corporation, Microsoft Corporation, NortonLifeLock, Inc., Google, Inc., FireEye, Inc., and McAfee, LLC.

Recent Strategies Deployed in Zero Trust Security Market

» Partnerships, Collaborations, and Agreements:

• Feb-2021: Bosch came into collaboration with Microsoft. The companies worked on a software platform for vehicles. By utilizing cloud technology, the software platform ensures that vehicles' control units and computers could get software throughout their lifetime.
• Feb-2021: TomTom extended its partnership with Precisely, the global leader in data integrity. TomTom offers Precisely with its leading map and traffic datasets, assisting Precisely customers to use an important context to make better-informed, more confident business decisions. Precisely uses TomTom’s highly authentic map information and its historic and real-time traffic data. The map and traffic data could help financial services organizations decrease fraud, allow insurance companies to better operate location risk, and enhance targeted retail marketing campaigns by offering better customer insights.
• Feb-2021: Toyota announced the development of a new smart city near the base of Mount Fuji that features interwoven streets and prioritized space for pedestrians and autonomous cars. The new city will feature three types of streets all linked together. One of them will be designated for self-driving vehicles only and the other two would set aside for pedestrians and pedestrians with mobility vehicles respectively. The underground routes enable goods to be delivered without disrupting other road users. This agreement was between Toyota and Japan's Government.
• Feb-2021: Toyota, along with Denso entered into a partnership with Aurora, a software company. Together, the companies aimed to design and build a fleet of autonomous taxis based on the Sienna minivan.
• Dec-2020: Toyota established a new mobility company, Kinto Europe. The company was established through the joint venture between Toyota Motor Europe (TME) and Toyota Financial Services (TFS). Kinto aimed to manage a wide range of Kinto mobility services and products across Europe.
• Oct-2020: Siemens came into collaboration with Transport for London. Under the collaboration, the entities launched a new adaptive traffic control solution, FUSION. The system is set to enter operation, where it will control several living laboratory trial sites in London. The new FUSION system utilizes richer data sources from various transport modes that include data from connected vehicles and buses.
• Oct-2020: Siemens Energy signed a Memorandum of Understanding (MoU) with Siemens Mobility. The project focuses on jointly developing holistic hydrogen solutions for rail transport and providing them to customers to boost the hydrogen economy in Germany and Europe and reinforce decarbonization in the mobility industry.
• Sep-2020: Thales came into contract with the Broadway Subway Constructors General Partnership (BSCGP). Following the contract, Thales is providing the signaling for the new Broadway Subway, a direct extension of the current Millennium Line that is equipped with Thales’ SelTrac CBTC signaling solution. The contract is based on the selection of BSCGP by the province of British Columbia to complete the design and construction of the line that will be managed and operated by British Columbia Rapid Transit.
• Aug-2020: Excelfore signed a licensing agreement with Siemens Digital Industries Software. Under this agreement, Excelfore licensed its Ethernet networking protocols to Siemens for bringing advanced time-critical networking to automotive in-vehicle applications. This agreement followed various years of cooperative platform development between the two companies.
• Aug-2020: Siemens Smart Infrastructure signed a contract with Go Bus, one of New Zealand’s largest bus operators. Under this contract, Siemens Smart Infrastructure received an order to power two of their bus depots with charging infrastructure for eBuses by Go Bus. The order meets two separate Go Bus contracts in Auckland and Christchurch. 25 electric buses in Christchurch will be charged by Siemens systems.
• May-2020: MaaS Global extended its collaboration with PayiQ, an account-based multimodal mobile ticketing platform. The companies expanded their cooperation beyond MaaS, smart ticketing data, real-time public transport fleet information, intelligent ticketing analysis, and multi-modal adoptions with PayiQ’s Hop-on Hop-off. It made public transport secure for next-generation travelers. PayiQ’s innovation made inroads into MaaS for hands-free tickets.
• Mar-2020: Toyota joined hands with NTT, Japan's biggest automaker, and the country's top telecom company. Together, the companies aimed to commercialize a smart city business that uses the widespread integration of next-generation technologies like cloud services, big data, automated mobility, robotics, and artificial technology.
• Jan-2020: Siemens Digital Industries Software came into partnership with Arm, a leading technology provider. The partnership aimed to address the rising complex challenges facing the industry in developing platforms to recognize active-safety, advanced driver assistance, in-vehicle infotainment, digital cockpits, vehicle-to-vehicle/vehicle-to-infrastructure, and self-driving vehicles.
• Jan-2020: TomTom joined hands with Hitachi Automotive Systems Americas. Under this collaboration, the companies integrated technological benefits to offer real-time updates on the location of road hazards, recognized by Hitachi Automotive Systems’ vehicle sensors, ECU (Engine Control Unit), and on-board DNN (Deep Neural Network), to navigation and ADAS applications running TomTom’s connected services.
• Dec-2019: Thales entered into a contract with MTR Corporation, a majority state-owned Hong Kong company. Following this contract, Thales delivers the extension of the Sydney Metro to City and Southwest City project by offering a globally proven technology in Central Control and Communication solutions which are successfully operated on the Sydney Metro North West project.
• Oct-2019: Bosch collaborated with Convergint, a global, service-based systems integrator. Together, the companies brought municipalities and cities advanced video analytics technology that brings intelligence to their infrastructure. The technology consists of Bosch’s IP cameras to allow intelligent devices for traffic flow and smart parking solutions.
• Mar-2019: Excelfore collaborated with Baidu, a Chinese multinational technology company. In this collaboration, Excelfore got selected for Baidu’s Apollo Project to deliver Over-The-Air (OTA) updates and data gathering. The Apollo Project offers an open, reliable and safe software platform for its partners to develop autonomous driving systems.
• Mar-2019: Bosch entered into a collaboration with Transport for London (TfL). The London Connectory of Bosch, based in Shoreditch, is a co-innovation space open to partners from the public, private, and academic sectors, from start-ups to multinational organizations. The goal of connectory is to build smart mobility solutions for the UK capital.
• Jan-2019: Innoviz partnered with HARMAN International, a Tier-1 supplier for the automotive industry. Through this partnership, the companies strengthened their connection and made it easier for OEMs to access automotive-grade, mass-producible lidar needed for automakers to fulfill their ambitious goals of implementing autonomous vehicles (AVs) over the next decade.

» Acquisition and Mergers:

• Feb-2021: Akamai agreed to acquire Montreal-based Inverse. The acquisition would improve Akamai’s enterprise security capabilities and would expand its product line of zero trusts and secure access service edge solutions for IoT.
• Feb-2021: Palo Alto signed an agreement to acquire Bridgecrew, a developer-first cloud security company. The acquisition enabled shift-left security, with Prisma Cloud becoming the first cloud security platform to provide security over the full application lifecycle.
• Dec-2020: NortonLifeLock came into an agreement to acquire Avira from Investcorp Technology Partners. The acquisition will help the company to boost its international growth and expand its go-to-market model with a leading freemium solution.
• Oct-2020: Cisco completed the acquisition of Portshift, a privately held company based in Tel Aviv, Israel. Following the acquisition, Portshift joined Cisco's Emerging Technologies and Incubation (ET&I) Group. The acquisition helped Cisco to deliver customers with enhanced security on numerous cloud-based apps and various devices with a streamlined consumption model that includes cloud-first Secure Access Service Edge (SASE) capabilities.
• Oct-2020: Akamai Technologies acquired Asavie, an indirect software-as-a-service (SaaS) company. Following the acquisition, Asavie helped Akamai's carrier partners to recognize enterprise and mid-market customer demand for IoT and mobile device security and management services.
• Sep-2020: Check Point took over the cloud-based technology that provides safe remote access created by Odo Security. Check Point integrated this technology with its Infinity architecture and enabled the easiest and safest solution for companies' requirements to allow employees´ safe remote access to any application.
• Mar-2020: McAfee took over Light Point Security, LLC, an award-winning pioneer of browser isolation. Through this acquisition, the Light Point Security team became a part of McAfee and began integrating its innovative technology into the cloud-native McAfee Secure Web Gateway and McAfee’s MVISION Unified Cloud Edge (UCE) offerings.
• Dec-2019: Palo Alto Networks acquired Aporeto, a machine identity-based micro-segmentation company. This acquisition strengthened Palo Alto Networks' Cloud-Native Security Platform delivered by Prisma Cloud.
• Sep-2019: Akamai completed the acquisition of KryptCo, creator of multifactor authentication technology. KryptCo technology provides an authenticated and encrypted communication channel, protection against phishing, and offers a streamlined customer experience that does not need entering pin codes. It allowed companies to embed multi-factor authentication, an increasingly critical improvement to identity and access which are core tenets of zero trust, with the confidence the additional authentication factors are end-to-end verified and with reduced threats of phishing attacks.
• Aug-2019: McAfee acquired NanoSec, a multi-cloud, zero-trust application and security platform. The acquisition enabled McAfee to enhance governance and compliance and to minimize the risk of their cloud and container deployments.
• Jun-2019: Cisco acquired Sentryo, a pioneer in solutions dedicated to managing the cyber risk of M2M networks and industrial control systems. The acquisition maintains resiliency in their industrial networks and makes sure about the protection against security attacks.
• May-2019: FireEye took over Verodin, the leader in validating the effectiveness of cybersecurity controls. The acquisition helped FireEye to add new capabilities to its portfolio by recognizing gaps in security effectiveness owing to equipment misconfiguration, changes in the IT environment, developing attacker tactics, and more.
• Feb-2019: Symantec acquired Luminate Security, a privately held company. In this acquisition, Luminate’s Secure Access Cloud technology further extended the power of Symantec’s Integrated Cyber Defense Platform to customers as they access workloads and applications regardless of the places of deployed workloads or what infrastructure they are accessed through.
• Jan-2019: Cisco took over Singularity Networks, provider of the software solution. The acquisition strengthened Cisco’s business by enhancing network performance.

» Product Launches and Product Expansions:

• Feb-2021: Check Point introduced Check Point Harmony, a unified solution. The solution enables safer connectivity to any resource anywhere and gives total endpoint protection for customers on any device. Harmony safeguards both corporate and BYOD devices, and Internet connections from known and zero-day attacks and also gives Zero Trust access to business applications in a single, easy-to-manage solution.
• Jn-2021: Google Cloud released BeyondCorp Enterprise, its new zero trust identity, and security platform. This platform is designed to offer continuous and real-time end-to-end protection, scalable DDoS protection, and built-in, verifiable platform security. It also comes with agentless support delivered through Google’s Chrome browser that’s used by more than 2 billion users around the world.
• Oct-2020: Palo Alto introduced Prisma Cloud 2.0. It includes four new cloud security modules, improving its standing as the industry's only complete Cloud-Native Security Platform (CNSP). A CNSP is developed to safeguard multi and hybrid-cloud environments and cloud-native applications combining security across the full DevOps lifecycle.
• Oct-2020: McAfee launched MVISION Cloud-Native Application Protection Platform (CNAPP). The MVISION CNAPP offers consistent data protection, governance, threat prevention, and compliance around the cloud-native application lifecycle, including container and OS-based workloads.
• Oct-2020: FireEye introduced Mandiant Advantage. It is the first SaaS-based offering by Mandiant Solutions to integrate its Threat Intelligence with data from the frontlines of its industry-leading cyber incident response engagements, delivered through an easy-to-use management platform.
• Sep-2020: NortonLifeLock launched a dark web monitoring service in New Zealand. This service monitors and identity threats with a focus on protecting users’ personal information and devices. Dark Web Monitoring Powered by LifeLock can monitor the dark web, searching for over 120 personal identifiable information including email, phone number, physical address, credit card or bank account numbers, driver license number, and gamer tags.
• Jun-2020: Cisco introduced Cisco SecureX, the broadest and most integrated cloud-native security platform. It consists of all Cisco Security products to streamline and improve the way customers manage security.
• Apr-2020: Microsoft introduced a tool developed to help enterprises to look where they are in their journey to embed a zero-trust security model. The assessment tool helps organizations to assess readiness across identities, devices, apps, infrastructure, network, and data, and then offer go-dos and deployment guidance to help them reach key milestones.
• Dec-2019: McAfee introduced Mvision Cloud for Containers. It combines with the vendor’s cloud access security broker (CASB) and cloud security posture management (CSPM) technology. This product utilizes NanoSec’s zero-trust offerings for container-based deployments in cloud environments.
• Nov-2019: IBM launched Cloud Pak for Security. It features industry-first innovations to link with any security tool, cloud, or on-premise system, without transferring data from its source. The platform consists of open-source technology for tracking threats, automation capabilities to assist speed response to cyberattacks, and the ability to operate in any environment.
• Aug-2019: FireEye launched FireEye Network Security 8.3 and FireEye Endpoint Security 4.8. These software are used for improving detection and investigation related to advanced attacks.
• Jun-2019: Check Point unveiled CloudGuard Log.ic, a new security analytics solution. The solution aimed to deliver cloud-native security intelligence and threat protection.
• Jan-2019: Check Point introduced Maestro, a hyper-scale network security solution. This solution delivers flexible cloud-level security platforms to businesses.

Scope of the Study

Market Segments Covered in the Report:

By Solution Type

• Data Security
• Security Orchestration Automation & Response
• Network Security
• Security Analytics & Security Policy Management
• Endpoint Security
• API Security
• Others

By Authentication Type

• Single-factor Authentication
• Multi-factor Authentication

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By Deployment Type

• Cloud
• On-premise

By Vertical

• IT and ITES
• BFSI
• Healthcare & Social Assistance
• Retail Trade
• Utilities
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Cisco Systems, Inc.
• Akamai Technologies, Inc.
• Palo Alto Networks, Inc.
• Check Point Software Technologies Ltd.
• IBM Corporation
• Microsoft Corporation
• NortonLifeLock, Inc.
• Google, Inc.
• FireEye, Inc.
• McAfee, LLC