Business Report: Global zero trust security market has been divided into six segments based on solution type, deployment, authentication type, organization size, vertical type, and regional analysis
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According to a report by Research Dive, the global zero trust security market has been divided into six segments based on solution type, deployment, authentication type, organization size, vertical type, and regional analysis.
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Solution Type:
The endpoint security sub-segment accounted for $38, 47.2 million in 2019, and is further expected to grow at a CAGR of 16.50% during the forecast period, 2020-2027. The reason behind this growth is the application of innovative technologies such as artificial intelligence (AI), cloud computing, the internet of things (IOT) in developing the endpoint security solutions. This advancement has increased the demand of the endpoint security solutions among the end-users, contributing to the growth of the segment.
Deployment:
The on-premises sub-segment is expected to register a revenue of $29,914.1 million by the end of 2027. The main reason behind this growth is the data privacy and security provided by the on-premise enterprise software.
Organization Size:
The large enterprise sub-segment is predicted to generate a revenue of $34,498.3 million during the forecast period. The wholesale or large scale suppliers provide discounts and offers to companies in bulk purchases. By applying the economies of scale process, large companies are earning high profits by increasing production and selling at a lower cost. These are the factors enhancing the growth of the market segment.
Authentication Type:
The multi-factor authentication type sub-segment is anticipated to garner a revenue of $38,629.0 million by the end of 2027. The number of online transactions have been increasing since the payment processes are digitized, amplifying the risks of cyber-attacks across industries. These are the factors enhancing the growth of the market segment.
Vertical Type:
The retail type sub-segment is expected to register the maximum revenue of $15,642.9 million during the forecast period. With rising customer demand and disposable income, the retail market has seen a surprising growth in recent years. This is the major factor behind the growth of the market segment.
Regional Insights:
The North America regional market is expected to garner a revenue of $19,955.6 million by the end of 2027. Increasing adoption of cloud services and connected devices by the big and small organizations is the main factor behind the growth of the market.
Other Highlights of the Market
According to recent report by Research Dive, the global zero trust security market is predicted to garner $66,741.3 million during the forecast period, 2020-2027.
Key Players in the Global Zero Trust Security Market
- McAfee Corporation
- IBM Corporation
- Fortinet
- Symantec Corporation
- FireEye Inc.
- Cisco Systems Inc.
- Akamai Technologies
- Check Point Software Technologies
- Palo Alto Networks
- Okta Inc.
The report also cover market dynamics and COVID-19 impact analysis along with drivers and restraints, investment opportunities, key segments, and regions. The report also offers SWOT analysis, Porter’s five forces analysis, major developments in the market, and key segmentations. Marketing executives, shareholders, investors, and other professionals in search of detailed and reliable data on supply, demand, and future estimations would find the report beneficial.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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