Global Data Zero Trust Security Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Data Zero Trust Security Market

Data zero trust security market will reach at an estimated value of USD 63,747.02 million and grow at a CAGR of 19.50% in the forecast period of 2021 to 2028. Increasing adoption of digital payments and internet banking is an essential factor driving the data zero trust security market.

Zero trust is a type of security-model based on the principle of maintaining strict access controls and not trusting anyone by default, even those already inside the perimeter of the network. The model is designed in such a way that it requires strict identity verification for every person and device trying to access resources on a private network, regardless of whether they are sitting within or outside of the network perimeter. It is a holistic approach to network security and it integrates numerous technologies.

Increased adoption of zero-trust security solutions is a crucial factor accelerating the market growth, also rising number of cyber vulnerabilities due to the adoption of cloud-based services, rising digitalization, increasing awareness and investment in zero trust security solutions, increasing government regulations such as the upcoming CCPA regulations, increasing number of cyber risks, rising frequency of target-based cyberattacks and rising regulations for data protection and information security are the major factors among others boosting the data zero trust security market . Moreover, increased demand for better visibility due to the rising IoT traffic among enterprises, rising need for cloud-based zero trust security solutions among SMEs and rising technological advancements and modernization in the techniques used will further create new opportunities for data zero trust security market  in the forecast period mentioned above.

However, increasing budgetary constraints among small and emerging start-ups in developing economies and rising design and implementation constraints to deploy zero trust security solutions are the major factors among others restraining the market growth, and will further challenge the data zero trust security market in the forecast period mentioned above.

This data zero trust security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on data zero trust security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Data Zero Trust Security Market Scope and Market Size

Data zero trust security market is segmented on the basis of authentication type, deployment, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of authentication type, the data zero trust security market is segmented into single-factor authentication and multi-factor authentication.
• Based on deployment, the data zero trust security market is segmented into on-premises and cloud.
• Based on organization size, the data zero trust security market is segmented into SME and large enterprise.
• The data zero trust security market is also segmented on the basis of vertical into banking, financial services and insurance, IT and telecom, government and defense, energy and utilities, healthcare, retail and E-commerce and others.

Data Zero Trust Security Market Scope Country Level Analysis

Data zero trust security market is analysed and market size, volume information is provided by country, authentication type, deployment, organization size and vertical as referenced above.

The countries covered in the data zero trust security market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the data zero trust security market due to high adoption of digital transformation with large volumes of critical data being generated, rising need for zero-trust security solutions, rising digitalization, increasing awareness and investment in zero trust security solutions and increasing government regulations such as the upcoming CCPA regulations in this region. Asia-Pacific is the expected region in terms of growth in data zero trust security market due to high number of cyber risks due to the adoption of cloud-based services in this region.

The country section of the data zero trust security market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Data Zero Trust Security Market Share Analysis

Data zero trust security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to data zero trust security market.

The major players covered data zero trust security market report are Cisco Systems, IBM, Akamai Technologies, Check Point Software Technologies Ltd, Pulse Secure, LLC, Palo Alto Networks, Broadcom, Okta, Inc, Cloudflare, Inc, Forcepoint, Centrify Corporation., Cyxtera Technologies, Inc., Illumio, Sophos Ltd and Microsoft among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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