The zero trust security market size was valued at US$ 28.89 billion in 2022 and is expected to reach US$ 109.59 billion by 2030; it is estimated to record a CAGR of 18.1% from 2022 to 2030.

Zero trust is a modern security architecture whose development was necessitated by the rising complexity of the modern IT environment. It ensures a new security model that can more effectively adapt to the dynamic IT environment of digitally transformed enterprises. The architecture vouches for mandating authentication and authorization based on all available data points, including device health, user identity, location, workload, service, data classification, and anomalies. Zero trust is designed to protect modern environments and allow digital transformation by utilizing robust authentication methods, leveraging network segmentation, providing Layer 7 threat prevention, preventing lateral movement, and simplifying granular policies.

The shift to zero trust solutions is continuing at a fast pace owing to the rising focus on data protection. It is positively impacting the zero trust security market growth. Data protection regulations have been dynamic over the past few years, owing to the continuous integration of advanced technologies, changes in working modality, adoption of cloud solutions, and rise in the number of endpoint devices among enterprises. Several new reforms and infrastructure are demanding modern solutions for security. For instance, regulations such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) necessitate enterprises to adopt a more data-centric approach to security. Thus, corporations are shifting their focus on protecting data at different layers of technology and also the security of the devices being used, from initial ingestion to final disposal. Furthermore, a rising number of economies are enacting strict data protection laws with exterritorial application. For instance, the Digital Charter Implementation Act, announced by the Canadian government in November 2020, intended to change privacy policies, enact consumer privacy laws and personal information and data protection statutes, and undertake consequential and related changes to other laws. The intent and purpose of the law are consistent with certain provisions of the GDPR. Similarly, the Swiss Data Protection Act (DSG) was revised in September 2020 to include stricter provisions focused on protecting the privacy rights of company device management processing. Thus, the growing stringency of data protection regulations is a strong driver for organizations to opt for the solutions and services offered by the zero trust security market players.

Additionally, the adoption of the cloud is a significant driver of the zero trust security market. Cloud computing is transforming modern workplaces in diverse industry verticals by enhancing security, IT, and DevOps, accelerating the development of innovative solutions and services for enhanced user experience. Owing to the potential benefits of cloud computing such as low cost and flexibility, the adoption of cloud-based solutions among enterprises has been growing quickly for the past few years. Cloud-based solutions facilitate easy scalability and operational flexibility of enterprises while reducing costs and operational risks. The continuously evolving cloud architectures, algorithms, and integration of advanced features in cloud solutions fuel the adoption of solutions offered by zero trust security market players in diverse industry verticals such as BFSI, IT & telecom, retail, manufacturing, and automotive.

The zero trust security market is categorized on the basis of component, authentication, deployment, organization size, application, and end use. Based on component, the zero trust security market is bifurcated into solution and service. In terms of authentication, the market is divided into single-factor authentication and multi-factor authentication. Based on deployment, the market is bifurcated into on-premise and cloud. Based on organization size, the market is bifurcated into SMEs and large enterprises. In terms of application, the market is segmented into endpoint, network, and others. Based on end use, the market is segmented into BFSI, e-commerce & retail, healthcare, IT & telecom, and others. By geography, the zero trust security market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

Akamai Technologies Inc, Cato Networks Ltd, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, Microsoft Corporation, Okta Inc, Palo Alto Networks Inc, VMWare Inc, and Zscaler Inc are among the key zero trust security market players operating in the market. Several other major companies have been analyzed during this research study to get a holistic view of the zero trust security market ecosystem.