Zero Trust Security Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2022 to 2032

 The zero trust security market is predicted to soar to approximately US$ 118.7 billion by the year 2032. This impressive growth is expected to happen at a consistent rate of around 15.1% annually, starting from 2022 and continuing through to 2032. In simple terms, this means that companies and organizations are increasingly investing in advanced security measures to protect their digital assets and data, and this market is set to see significant expansion over the next decade.

The purpose of the zero trust security platform is to provide protection against data breaches from all directions, specifically from within organizations, i.e., through browsers, email, VPN connections, and other means. The zero trust security term suggests that nothing should be trusted and always be verified.

With this concept, several technologies and best practices are adopted. The security platform is based on the principles of verifying explicitly, continuous monitoring and validation, using least privileged access, device access control, micro-segmentation, preventing lateral movement, and multi-factor authentication (MFA).


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Key Takeaways: Zero Trust Security Platform Market Report:

· By solution, the standalone software segment had the largest shares in 2021 with a value of ~US$ 25,432.0 Million. Services are estimated to be the most in-demand service for the forecast period 2022-2032 which is estimated to grow with a CAGR of 15.1%.

· By deployment mode, cloud-based holds the largest market share for 2021 and a CAGR of 16.2% is expected to be witnessed in the forecast period.

· By authentication type, multi-factor authentication holds the largest market share for 2021, and the highest CAGR of 16.8% is expected to be witnessed during the forecast period.

· By enterprise size, large enterprises had the largest market share in 2021 and SMEs will witness the fastest growth with a CAGR of 18.9%.

· By industry, BFSI had the largest market share for 2021 and the highest CAGR of 22.3% is expected to be witnessed from the healthcare industry for the forecast period.

· North America had the largest market share in 2021 and the fastest growing market for Zero Trust Security Platform is estimated to be the South Asia and Pacific region for the forecast period 2022-2032.

According to FMI Analyst, “Zero Trust Security Platforms have great potential in various fields as the platform helps to prevent data loss from within the systems. They are available with many solutions such as Identity Security, Data Security, and many more, which can be deployed in a cloud, whereas traditional security platforms involve perimeter security models and can only be deployed on-premises, which also helps the end users to prioritize the product easily.”

Key Players:

  • Check Point
  • Cisco
  • IBM
  • Palo Alto Networks
  • Okta
  • Ping Identity
  • Thales
  • Cloudflare
  • Akamai Technologies
  • Avast Business
  • Citrix
  • NetMotion
  • Zscaler
  • Proofpoint
  • Varonis
  • ExtraHop

Rise in Cyberattacks within the Organisation

In recent times, cyberattacks within organizations have increased the zero-trust security platforms provide to secure data in and outside the organization, by continuously monitoring and validation, micro-segmentation, and preventing lateral movement such features make the framework unique from other traditional security.

Zero Trust Security Market Segmentation:

By Solution:

  • Integrated Zero Trust Security Platform
  • Standalone Software
    • Next-Generation Firewall
    • Identity & Access Management
    • Data Loss Prevention
    • Others
  • Services
    • Professional Services
      • Security Consulting
      • Integration & Implementation
      • Support & Maintenance
    • Managed Services

By Deployment:

  • Cloud-Based
  • On-premises

By Authentication Type:

  • Single Authentication
  • Multi Authentication

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • BFSI
  • Retail and eCommerce
  • Healthcare
  • IT & Telecom
  • Government and Defense
  • Others

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