조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년09월
Zero Trust Security Market – Global Forecast to 2028
제로 트러스트 보안 (Zero Trust Security) 시장 : 오퍼링(솔루션 및 서비스), 보안 유형(네트워크 보안, 애플리케이션 보안, 클라우드 보안, 엔드포인트 보안 및 IoT 보안), 인증 유형, 산업 및 지역별 – 2028년까지의 세계 예측
Zero Trust Security Market by Offering (Solution and Services), Security Type (Network Security, Application Security, Cloud Security, and Endpoint Security and IoT Security), Authentication Type, Vertical and Region – Global Forecast to 2028
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Report Overview
The global zero trust security market size is projected to grow from USD 31.1 billion in 2023 to USD 67.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period. The increasing sophistication of cyber threats, rapid digital transformation, and stringent regulatory demands collectively fuel the adoption of zero-trust security. Based on continuous authentication and access verification, this approach mitigates risks in an interconnected IT landscape. Traditional perimeter-based security is proving inadequate in the face of evolving threats, making Zero Trust a vital safeguard for organizations in the modern era.
“By vertical, the IT & ITeS segment accounts for a larger market share.”
The IT & ITeS vertical holds the largest market share in the zero trust security market due to its unique combination of factors, as the vertical deals extensively with sensitive data, including customer financial information and intellectual property, making robust security measures imperative. Its intricate IT infrastructure, encompassing diverse devices and networks, demands a modern approach like zero trust security for adequate protection. Moreover, compliance requirements like GDPR and PCI DSS are stringent, and zero trust security offers a comprehensive framework for adherence. With a remote workforce becoming commonplace, zero trust’s capability to verify user identity and authorization, irrespective of location, further solidifies its dominance in this market.
“By Authentication Type, the Multi-Factor Authentication segment accounts for a larger market share.”
Multi-factor authentication holds the largest market share in the zero-trust security market due to its pivotal role in fortifying identity verification. It addresses critical security concerns by necessitating multiple forms of identity validation, enhancing user trustworthiness. This is especially crucial in the IT and ITeS sectors, where vast volumes of sensitive data are handled daily. MFA effectively curbs unauthorized access, thwarting potential breaches. Furthermore, its adaptability to various devices and environments makes it indispensable for safeguarding IT and ITeS infrastructures, driving its dominance in the zero-trust security landscape.
Breakdown of primaries
The study contains various industry experts’ insights, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 20%
• By Designation: C-level – 45%, Directors – 35%, and Managers – 20%
• By Region: North America – 35%, Asia Pacific – 30%, Europe – 25%, Middle East & Africa – 5%, Latin America – 5%
Major vendors in the global zero trust security market include Palo Alto Networks (US), VMware (US), Zscaler (US), Akamai (US), Microsoft (US), Cisco (US), IBM (US), Citrix (US), Check Point (US), Trellix (US), Forcepoint (US), CrowdStrike (US), Cloudflare (US), Fortinet (US), Google (US), Qnext (Canada), Illumio (US), ON2IT (Netherlands), Perimeter 81 (US), ThreatLocker (US), Twingate (US), Appgate (US), Zero Networks (Israel), Zentera (US), Xage (US), and Skyhigh Security (US).
The study includes an in-depth competitive analysis of the key players in the zero trust security market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the zero trust security market and forecasts its size by Offering (Solution and Services), Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, and IoT Security), Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), Vertical (Banking, Financial Services and Insurance (BFSI), Government and Defense, IT & ITeS, Healthcare, Retail and eCommerce, Energy and Utilities, other Verticals), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall zero trust security market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (rapid adoption of cloud and surge in digital transformation, rising regulatory compliance demands to propel the adoption of zero-trust security, diminishing perimeter security paving the way for zero trust security, and rising threat of sophisticated cyber attacks), restraints (complexity and cost of implementation, legacy systems and compatibility, and organizational resistance to change), opportunities (securing IoT with zero trust solutions: a growing opportunity, leveraging innovation: new zero trust security products and services as an opportunity, and leveraging the surge in zero trust security awareness for market growth), and challenges (weakening of established security perimeters, the growth of business-led IT, a.k.a shadow SaaS, digital supply chain vulnerability, and fragmented security operations and siloed teams)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the zero trust security market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the zero trust security market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the zero trust security market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Palo Alto Networks (US), VMware (US), Zscaler (US), Akamai (US), and Microsoft (US), among others, in the zero trust security market strategies.
Table of Contents
1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.3 STUDY SCOPE 44
1.3.1 MARKET SEGMENTATION 44
1.3.2 INCLUSIONS & EXCLUSIONS 44
1.3.3 REGIONS COVERED 45
1.4 YEARS CONSIDERED 46
1.5 CURRENCY CONSIDERED 46
TABLE 1 USD EXCHANGE RATES, 2018–2022 46
1.6 STAKEHOLDERS 47
1.7 RECESSION IMPACT 47
1.8 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
FIGURE 1 ZERO TRUST SECURITY MARKET: RESEARCH DESIGN 49
2.1.1 SECONDARY DATA 49
2.1.2 PRIMARY DATA 50
2.1.2.1 Breakup of primaries 50
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 50
2.1.2.2 Key industry insights 51
2.2 DATA TRIANGULATION 51
2.3 MARKET SIZE ESTIMATION 52
FIGURE 3 ZERO TRUST SECURITY MARKET ESTIMATION: RESEARCH FLOW 52
2.3.1 TOP-DOWN APPROACH 53
FIGURE 4 APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOFTWARE/SERVICES OF ZERO TRUST SECURITY VENDORS 53
FIGURE 5 APPROACH 1 (SUPPLY-SIDE ANALYSIS) 53
2.3.2 BOTTOM-UP APPROACH 54
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 2): BOTTOM-UP (DEMAND SIDE) — PRODUCTS/SOLUTIONS/SERVICES 54
2.4 MARKET FORECAST 55
TABLE 2 FACTOR ANALYSIS 55
2.5 RESEARCH ASSUMPTIONS 55
2.6 LIMITATIONS AND RISK ASSESSMENT 56
2.7 RECESSION IMPACT ANALYSIS 56
3 EXECUTIVE SUMMARY 57
TABLE 1 ZERO TRUST SECURITY MARKET AND GROWTH, 2017–2022 (USD MILLION) 58
TABLE 2 ZERO TRUST SECURITY MARKET AND GROWTH, 2023–2028 (USD MILLION) 58
FIGURE 7 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET IN 2023 59
4 PREMIUM INSIGHTS 60
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ZERO TRUST SECURITY MARKET 60
FIGURE 8 INCREASING INSTANCES OF SOPHISTICATED CYBERATTACKS AND NEED FOR ADHERENCE TO REGULATORY COMPLIANCE TO DRIVE MARKET GROWTH 60
4.2 ZERO TRUST SECURITY MARKET, BY OFFERING 60
FIGURE 9 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 60
4.3 ZERO TRUST SECURITY MARKET, BY SECURITY TYPE 61
FIGURE 10 APPLICATION SECURITY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 61
4.4 ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE 61
FIGURE 11 MULTI-FACTOR AUTHENTICATION SEGMENT TO GROW AT HIGHER CAGR BY 2028 61
4.5 ZERO TRUST SECURITY MARKET, BY VERTICAL 62
FIGURE 12 IT & ITES SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD 62
4.6 MARKET INVESTMENT SCENARIO 62
FIGURE 13 ASIA PACIFIC TO EMERGE AS LUCRATIVE MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 62
5 MARKET OVERVIEW AND INDUSTRY TRENDS 63
5.1 INTRODUCTION 63
FIGURE 14 ZERO TRUST SECURITY MODERN ARCHITECTURE 64
5.2 EVOLUTION OF ZERO TRUST SECURITY MARKET: COMPREHENSIVE HISTORY AND OUTLOOK 64
FIGURE 15 SEVEN PILLARS OF ZERO TRUST SECURITY MODEL 65
5.3 MARKET DYNAMICS 66
FIGURE 16 ZERO TRUST SECURITY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 66
5.3.1 DRIVERS 66
5.3.1.1 Rapid adoption of cloud and surge in digital transformation 66
5.3.1.2 Rising regulatory compliance demands 67
5.3.1.3 Diminishing popularity of perimeter-based security 67
5.3.1.4 Rising threat of sophisticated cyberattacks 68
5.3.2 RESTRAINTS 68
5.3.2.1 Complexity and costly implementation 68
5.3.2.2 Presence of legacy systems and compatibility issues 68
5.3.2.3 Organizational resistance to change 69
5.3.3 OPPORTUNITIES 69
5.3.3.1 Improved visibility into networks and robust security 69
5.3.3.2 Development of new zero trust security products and services 70
5.3.3.3 Surge in awareness regarding zero trust security 70
5.3.4 CHALLENGES 71
5.3.4.1 Weakening of established security perimeters 71
5.3.4.2 Growth of shadow SaaS applications 71
5.3.4.3 Digital supply chain vulnerability 71
5.3.4.4 Fragmented security operations and siloed teams 72
5.4 CASE STUDY ANALYSIS 72
5.4.1 DELOITTE’S CUSTOMIZED SOLUTION HELPED MAJOR CHEMICAL INDUSTRIAL ORGANIZATION ACHIEVE ZERO TRUST ARCHITECTURE 72
5.4.2 ARRIVAL ENHANCED ITS INTERNAL INFRASTRUCTURE SECURITY WITH CLOUDFLARE’S ZERO TRUST NETWORK ACCESS 73
5.4.3 CISCO HELPED VICTORIA UNIVERSITY ENHANCE CAMPUS SECURITY WITH ZERO TRUST SECURITY SOLUTIONS 74
5.5 VALUE CHAIN ANALYSIS 75
FIGURE 17 VALUE CHAIN ANALYSIS 76
5.5.1 RESEARCH & DEVELOPMENT 76
5.5.2 SOLUTION PROVIDERS 76
5.5.3 INTEGRATION & DEPLOYMENT 77
5.5.3.1 Managed security service providers 77
5.5.3.2 Training & education providers 77
5.5.4 COMPLIANCE & AUDITING 77
5.5.5 END USERS 77
5.6 ECOSYSTEM ANALYSIS 78
TABLE 3 ECOSYSTEM ANALYSIS 79
FIGURE 18 ECOSYSTEM MAP 80
5.7 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS 81
TABLE 4 PORTER’S FIVE FORCES MODEL: IMPACT ANALYSIS 81
5.7.1 THREAT OF NEW ENTRANTS 81
5.7.2 BARGAINING POWER OF SUPPLIERS 82
5.7.3 BARGAINING POWER OF BUYERS 82
5.7.4 THREAT OF SUBSTITUTES 82
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.8 INDICATIVE PRICING ANALYSIS 82
TABLE 5 CLOUDFLARE: PRICING ANALYSIS 83
TABLE 6 PERIMETER 81: PRICING ANALYSIS 84
TABLE 7 OKTA: PRICING ANALYSIS 85
TABLE 8 ILLUMIO: PRICING ANALYSIS 86
5.9 TECHNOLOGY ANALYSIS 87
5.9.1 ARTIFICIAL INTELLIGENCE 87
5.9.2 BLOCKCHAIN 88
5.9.3 INTERNET OF THINGS 89
5.10 PATENT ANALYSIS 89
FIGURE 20 PATENTS PUBLISHED, 2012–2023 90
TABLE 9 LIST OF PATENTS IN ZERO TRUST SECURITY MARKET, 2022–2023 91
5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 93
FIGURE 21 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 93
5.12 TECHNOLOGY ROADMAP 94
TABLE 10 TECHNOLOGY ROADMAP 94
5.13 ZERO TRUST SECURITY MARKET: BUSINESS MODELS 95
TABLE 11 ZERO TRUST SECURITY MARKET: BUSINESS MODELS 95
5.14 TARIFF AND REGULATORY LANDSCAPE 96
5.14.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI–DSS) 96
5.14.2 GENERAL DATA PROTECTION REGULATION (GDPR) 96
5.14.3 CALIFORNIA CONSUMER PRIVACY ACT (CCPA) 96
5.14.4 GRAMM—LEACH—BLILEY ACT OF 1999 (GLBA) 97
5.14.5 PERSONAL INFORMATION PROTECTION AND ELECTRONIC DOCUMENTS ACT (PIPEDA) 97
5.14.6 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA) 97
5.14.7 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO) STANDARD 27001 97
5.14.8 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 99
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 99
FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 99
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 100
5.15.2 BUYING CRITERIA 100
FIGURE 23 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 100
TABLE 16 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 100
5.16 KEY CONFERENCES & EVENTS 101
TABLE 17 KEY CONFERENCES & EVENTS, 2023–2024 101
6 ZERO TRUST SECURITY MARKET, BY OFFERING 102
6.1 INTRODUCTION 103
6.1.1 OFFERINGS: ZERO TRUST SECURITY MARKET DRIVERS 103
FIGURE 24 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD 103
TABLE 18 ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 104
TABLE 19 ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 104
6.2 SOLUTIONS 104
6.2.1 FOCUS ON OPTIMIZING OPERATIONAL EFFICIENCY WITH ZERO TRUST SECURITY SOLUTIONS 104
TABLE 20 SOLUTIONS: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 104
TABLE 21 SOLUTIONS: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 105
6.3 SERVICES 105
6.3.1 NEED FOR PROACTIVE EXPERTISE AND CONTINUOUS PROTECTION SERVICES TO DRIVE MARKET FOR ZERO TRUST SECURITY SOLUTIONS 105
TABLE 22 SERVICES: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 105
TABLE 23 SERVICES: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 106
6.3.2 PROFESSIONAL SERVICES 106
6.3.2.1 Design, deployment, integration, and consulting 106
6.3.2.2 Training & education 106
6.3.2.3 Support & maintenance 107
6.3.3 MANAGED SERVICES 107
7 ZERO TRUST SECURITY MARKET, BY SOLUTION 108
7.1 INTRODUCTION 108
7.1.1 SOLUTIONS: ZERO TRUST SECURITY MARKET DRIVERS 108
7.2 IDENTITY AND ACCESS MANAGEMENT (IAM) 108
7.3 MICRO-SEGMENTATION 109
7.4 ZERO TRUST NETWORK ACCESS (ZTNA) 109
7.5 SECURITY INFORMATION AND EVENT MANAGEMENT (SIEM) 110
7.6 USER AND ENTITY BEHAVIOR ANALYTICS (UEBA) 111
7.7 POLICY MANAGEMENT 111
7.8 OTHER SOLUTIONS 112
8 ZERO TRUST SECURITY MARKET, BY SECURITY TYPE 113
8.1 INTRODUCTION 114
8.1.1 SECURITY TYPES: ZERO TRUST SECURITY MARKET DRIVERS 114
FIGURE 25 CLOUD SECURITY SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD 115
TABLE 24 ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 115
TABLE 25 ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 115
8.2 NETWORK SECURITY 116
8.2.1 ZERO TRUST SECURITY SOLUTIONS TO BOLSTER NETWORK SECURITY AGAINST EVOLVING THREATS 116
TABLE 26 NETWORK SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 116
TABLE 27 NETWORK SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 117
8.3 APPLICATION SECURITY 117
8.3.1 NEED FOR CONTINUOUS MONITORING AND ACCESS CONTROL IN ZERO TRUST APPLICATION SECURITY TO BOOST GROWTH 117
TABLE 28 APPLICATION SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 117
TABLE 29 APPLICATION SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 118
8.4 CLOUD SECURITY 118
8.4.1 EMPHASIS ON STRENGTHENING CLOUD SECURITY WITH CASBS, CSPM, AND CWPPS IN ZERO TRUST SECURITY ENVIRONMENT TO DRIVE DEMAND 118
TABLE 30 CLOUD SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 118
TABLE 31 CLOUD SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 119
8.5 ENDPOINT SECURITY & IOT SECURITY 119
8.5.1 RISING COMPLEXITIES IN ENDPOINT AND IOT SECURITY TO ENCOURAGE ADOPTION OF ZERO TRUST SECURITY SOLUTIONS 119
TABLE 32 ENDPOINT SECURITY & IOT SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 120
TABLE 33 ENDPOINT SECURITY & IOT SECURITY: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 120
9 ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE 121
9.1 INTRODUCTION 122
9.1.1 AUTHENTICATION TYPES: ZERO TRUST SECURITY MARKET DRIVERS 122
FIGURE 26 MULTI-FACTOR AUTHENTICATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 122
TABLE 34 ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 123
TABLE 35 ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 123
9.2 SINGLE-FACTOR AUTHENTICATION 123
9.2.1 GROWING DEMAND FOR ZERO TRUST PRINCIPLES AND SSO TO BOOST MARKET EXPANSION 123
TABLE 36 SINGLE-FACTOR AUTHENTICATION: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 124
TABLE 37 SINGLE-FACTOR AUTHENTICATION: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 124
9.3 MULTI-FACTOR AUTHENTICATION 124
9.3.1 DEMAND FOR ENHANCED AUTHENTICATION AND IDENTIFICATION ACROSS INDUSTRIES TO DRIVE MARKET 124
TABLE 38 MULTI-FACTOR AUTHENTICATION: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 125
TABLE 39 MULTI-FACTOR AUTHENTICATION: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 125
10 ZERO TRUST SECURITY MARKET, BY VERTICAL 126
10.1 INTRODUCTION 127
10.1.1 VERTICALS: ZERO TRUST SECURITY MARKET DRIVERS 127
FIGURE 27 IT & ITES SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD 129
TABLE 40 ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 129
TABLE 41 ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 129
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 130
10.2.1 NEED FOR BFSI SECTOR TO ADOPT ADVANCED SECURITY SOLUTIONS AMID RISING CYBER THREATS TO DRIVE MARKET 130
TABLE 42 BFSI: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 130
TABLE 43 BFSI: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 130
10.3 GOVERNMENT & DEFENSE 131
10.3.1 ZERO TRUST SECURITY SOLUTIONS STRENGTHEN CYBERSECURITY RESILIENCE IN GOVERNMENT AND DEFENSE SECTORS 131
TABLE 44 GOVERNMENT & DEFENSE: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 131
TABLE 45 GOVERNMENT & DEFENSE: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 132
10.4 IT & ITES 132
10.4.1 GROWING COMPLEXITIES IN CYBERSECURITY AND STRINGENT REGULATORY REQUIREMENTS TO PROPEL MARKET 132
TABLE 46 IT & ITES: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 132
TABLE 47 IT & ITES: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 133
10.5 HEALTHCARE 133
10.5.1 ESCALATING CYBER THREATS TO BOOST POPULARITY OF ZERO TRUST SECURITY SOLUTIONS 133
TABLE 48 HEALTHCARE: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 134
TABLE 49 HEALTHCARE: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 134
10.6 RETAIL & ECOMMERCE 134
10.6.1 ZERO TRUST SECURITY SOLUTIONS SAFEGUARD RETAIL & ECOMMERCE SECTOR AMID DIGITAL EVOLUTION 134
TABLE 50 RETAIL & ECOMMERCE: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 135
TABLE 51 RETAIL & ECOMMERCE: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 135
10.7 ENERGY & UTILITIES 136
10.7.1 NEED FOR ENHANCED CRITICAL INFRASTRUCTURE SECURITY TO DRIVE ADOPTION OF ZERO TRUST SECURITY SOLUTIONS 136
TABLE 52 ENERGY & UTILITIES: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 137
TABLE 53 ENERGY & UTILITIES: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 137
10.8 OTHER VERTICALS 137
TABLE 54 OTHER VERTICALS: ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 138
TABLE 55 OTHER VERTICALS: ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 138
11 ZERO TRUST SECURITY MARKET, BY REGION 139
11.1 INTRODUCTION 140
FIGURE 28 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 140
TABLE 56 ZERO TRUST SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION) 140
TABLE 57 ZERO TRUST SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION) 140
11.2 NORTH AMERICA 141
11.2.1 NORTH AMERICA: ZERO TRUST SECURITY MARKET DRIVERS 141
11.2.2 NORTH AMERICA: RECESSION IMPACT 142
11.2.3 NORTH AMERICA: REGULATORY LANDSCAPE 142
FIGURE 29 NORTH AMERICA: MARKET SNAPSHOT 143
TABLE 58 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 143
TABLE 59 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 144
TABLE 60 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 144
TABLE 61 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 144
TABLE 62 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 144
TABLE 63 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 145
TABLE 64 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 145
TABLE 65 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 145
TABLE 66 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 146
TABLE 67 NORTH AMERICA: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 146
11.2.4 US 146
11.2.4.1 Weak password hygiene and increased concerns regarding cybersecurity to fuel demand for zero trust security solutions 146
TABLE 68 US: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 146
TABLE 69 US: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 147
TABLE 70 US: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 147
TABLE 71 US: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 147
TABLE 72 US: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 147
TABLE 73 US: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 148
TABLE 74 US: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 148
TABLE 75 US: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 148
11.2.5 CANADA 149
11.2.5.1 Rising bot attacks and ransomware and increasing government initiatives to bolster cybersecurity to drive market 149
TABLE 76 CANADA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 149
TABLE 77 CANADA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 149
TABLE 78 CANADA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 150
TABLE 79 CANADA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 150
TABLE 80 CANADA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 150
TABLE 81 CANADA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 150
TABLE 82 CANADA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 151
TABLE 83 CANADA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 151
11.3 EUROPE 151
11.3.1 EUROPE: ZERO TRUST SECURITY MARKET DRIVERS 152
11.3.2 EUROPE: RECESSION IMPACT 152
11.3.3 EUROPE: REGULATORY LANDSCAPE 153
TABLE 84 EUROPE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 153
TABLE 85 EUROPE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 153
TABLE 86 EUROPE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 154
TABLE 87 EUROPE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 154
TABLE 88 EUROPE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 154
TABLE 89 EUROPE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 154
TABLE 90 EUROPE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 155
TABLE 91 EUROPE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 155
TABLE 92 EUROPE: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 155
TABLE 93 EUROPE: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
11.3.4 UK 156
11.3.4.1 Increased collaboration with forces to develop robust security solutions to drive market 156
TABLE 94 UK: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 156
TABLE 95 UK: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 156
TABLE 96 UK: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 157
TABLE 97 UK: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 157
TABLE 98 UK: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 157
TABLE 99 UK: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 157
TABLE 100 UK: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 158
TABLE 101 UK: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 158
11.3.5 GERMANY 158
11.3.5.1 Rising cyberattacks on critical government websites and early adoption of cutting-edge technologies to drive market 158
TABLE 102 GERMANY: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 159
TABLE 103 GERMANY: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 159
TABLE 104 GERMANY: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 159
TABLE 105 GERMANY: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 160
TABLE 106 GERMANY: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 160
TABLE 107 GERMANY: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 160
TABLE 108 GERMANY: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 161
TABLE 109 GERMANY: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 161
11.3.6 FRANCE 161
11.3.6.1 Increased internet use and need to safeguard sensitive data to boost demand for zero trust security solutions 161
TABLE 110 FRANCE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 162
TABLE 111 FRANCE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 162
TABLE 112 FRANCE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 162
TABLE 113 FRANCE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 163
TABLE 114 FRANCE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 163
TABLE 115 FRANCE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 163
TABLE 116 FRANCE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 163
TABLE 117 FRANCE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 164
11.3.7 REST OF EUROPE 164
TABLE 118 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 164
TABLE 119 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 165
TABLE 120 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 165
TABLE 121 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 165
TABLE 122 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 165
TABLE 123 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 166
TABLE 124 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 166
TABLE 125 REST OF EUROPE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 166
11.4 ASIA PACIFIC 167
11.4.1 ASIA PACIFIC: ZERO TRUST SECURITY MARKET DRIVERS 167
11.4.2 ASIA PACIFIC: RECESSION IMPACT 168
11.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE 168
FIGURE 30 ASIA PACIFIC: MARKET SNAPSHOT 169
TABLE 126 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 169
TABLE 127 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 170
TABLE 128 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 170
TABLE 129 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 170
TABLE 130 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 170
TABLE 131 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 171
TABLE 132 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 171
TABLE 133 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 171
TABLE 134 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 172
TABLE 135 ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 172
11.4.4 CHINA 172
11.4.4.1 Booming mobile internet services and increasing importance of online payment security to drive market 172
TABLE 136 CHINA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 173
TABLE 137 CHINA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 173
TABLE 138 CHINA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 173
TABLE 139 CHINA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 173
TABLE 140 CHINA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 174
TABLE 141 CHINA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 174
TABLE 142 CHINA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 174
TABLE 143 CHINA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 175
11.4.5 JAPAN 175
11.4.5.1 Rising instances of cyberattacks to fuel demand for zero trust security solutions 175
TABLE 144 JAPAN: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 176
TABLE 145 JAPAN: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 176
TABLE 146 JAPAN: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 176
TABLE 147 JAPAN: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 176
TABLE 148 JAPAN: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 177
TABLE 149 JAPAN: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 177
TABLE 150 JAPAN: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 177
TABLE 151 JAPAN: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 178
11.4.6 INDIA 178
11.4.6.1 Cultural shifts, budget constraints, and escalating threat of cyberattacks to drive market 178
TABLE 152 INDIA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 178
TABLE 153 INDIA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 179
TABLE 154 INDIA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 179
TABLE 155 INDIA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 179
TABLE 156 INDIA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 179
TABLE 157 INDIA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 180
TABLE 158 INDIA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 180
TABLE 159 INDIA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 180
11.4.7 SINGAPORE 181
11.4.7.1 Increasing government initiatives to combat cyber threats to drive demand for zero trust security solutions 181
TABLE 160 SINGAPORE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 181
TABLE 161 SINGAPORE: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 181
TABLE 162 SINGAPORE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 182
TABLE 163 SINGAPORE: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 182
TABLE 164 SINGAPORE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 182
TABLE 165 SINGAPORE: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 182
TABLE 166 SINGAPORE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 183
TABLE 167 SINGAPORE: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 183
11.4.8 AUSTRALIA 183
11.4.8.1 Focus of government on adopting robust cybersecurity strategies to drive market 183
TABLE 168 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 184
TABLE 169 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 184
TABLE 170 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 184
TABLE 171 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 185
TABLE 172 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 185
TABLE 173 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 185
TABLE 174 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 186
TABLE 175 AUSTRALIA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 186
11.4.9 REST OF ASIA PACIFIC 186
TABLE 176 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 187
TABLE 177 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 187
TABLE 178 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 187
TABLE 179 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 187
TABLE 180 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 188
TABLE 181 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 188
TABLE 182 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 188
TABLE 183 REST OF ASIA PACIFIC: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 189
11.5 MIDDLE EAST & AFRICA 189
11.5.1 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET DRIVERS 190
11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 190
11.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE 190
TABLE 184 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 190
TABLE 185 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 191
TABLE 186 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 191
TABLE 187 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 191
TABLE 188 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 191
TABLE 189 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 192
TABLE 190 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 192
TABLE 191 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 192
TABLE 192 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 193
TABLE 193 MIDDLE EAST & AFRICA: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 193
11.5.4 MIDDLE EAST 193
11.5.4.1 Rapid digital transformation to encourage organizations prioritize implementing effective cybersecurity solutions 193
TABLE 194 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 194
TABLE 195 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 194
TABLE 196 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 194
TABLE 197 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 194
TABLE 198 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 195
TABLE 199 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 195
TABLE 200 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 195
TABLE 201 MIDDLE EAST: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 196
11.5.5 AFRICA 196
11.5.5.1 Increasing awareness of people regarding zero trust security campaigns to drive market 196
TABLE 202 AFRICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 196
TABLE 203 AFRICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 196
TABLE 204 AFRICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 197
TABLE 205 AFRICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 197
TABLE 206 AFRICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 197
TABLE 207 AFRICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 197
TABLE 208 AFRICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 198
TABLE 209 AFRICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 198
11.6 LATIN AMERICA 198
11.6.1 LATIN AMERICA: ZERO TRUST SECURITY MARKET DRIVERS 199
11.6.2 LATIN AMERICA: RECESSION IMPACT 199
11.6.3 LATIN AMERICA: REGULATORY LANDSCAPE 199
TABLE 210 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 200
TABLE 211 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 200
TABLE 212 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 200
TABLE 213 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 200
TABLE 214 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 201
TABLE 215 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 201
TABLE 216 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 201
TABLE 217 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 202
TABLE 218 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 202
TABLE 219 LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 202
11.6.4 BRAZIL 203
11.6.4.1 Evolving cybersecurity challenges due to rapid shift to remote work during pandemic to drive market 203
TABLE 220 BRAZIL: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 203
TABLE 221 BRAZIL: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 203
TABLE 222 BRAZIL: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 203
TABLE 223 BRAZIL: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 204
TABLE 224 BRAZIL: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 204
TABLE 225 BRAZIL: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 204
TABLE 226 BRAZIL: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 204
TABLE 227 BRAZIL: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 205
11.6.5 MEXICO 205
11.6.5.1 Proliferation of connected devices and integration of XDR capabilities with zero trust principles to drive market 205
TABLE 228 MEXICO: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 205
TABLE 229 MEXICO: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 206
TABLE 230 MEXICO: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 206
TABLE 231 MEXICO: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 206
TABLE 232 MEXICO: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 206
TABLE 233 MEXICO: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 207
TABLE 234 MEXICO: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 207
TABLE 235 MEXICO: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 207
11.6.6 REST OF LATIN AMERICA 208
TABLE 236 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 208
TABLE 237 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 208
TABLE 238 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2017–2022 (USD MILLION) 208
TABLE 239 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY SECURITY TYPE, 2023–2028 (USD MILLION) 209
TABLE 240 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2017–2022 (USD MILLION) 209
TABLE 241 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY AUTHENTICATION TYPE, 2023–2028 (USD MILLION) 209
TABLE 242 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 210
TABLE 243 REST OF LATIN AMERICA: ZERO TRUST SECURITY MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 210
12 COMPETITIVE LANDSCAPE 211
12.1 OVERVIEW 211
12.2 REVENUE ANALYSIS 211
FIGURE 31 REVENUE ANALYSIS 211
FIGURE 32 HISTORICAL FIVE-YEAR REVENUE ANALYSIS OF KEY PUBLIC SECTOR ZERO TRUST SECURITY PROVIDERS 212
12.3 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS 212
TABLE 244 ZERO TRUST SECURITY MARKET: INTENSITY OF COMPETITIVE RIVALRY 212
12.4 RANKING OF TOP PLAYERS 213
FIGURE 33 RANKING OF TOP PLAYERS, 2023 213
12.5 COMPANY EVALUATION MATRIX 213
12.5.1 STARS 213
12.5.2 EMERGING LEADERS 213
12.5.3 PERVASIVE PLAYERS 214
12.5.4 PARTICIPANTS 214
FIGURE 34 COMPANY EVALUATION MATRIX, 2023 215
12.5.5 COMPANY FOOTPRINT 216
FIGURE 35 OVERALL FOOTPRINT OF COMPANIES 216
12.6 START-UP/SME EVALUATION MATRIX 216
12.6.1 PROGRESSIVE COMPANIES 216
12.6.2 RESPONSIVE COMPANIES 216
12.6.3 DYNAMIC COMPANIES 216
12.6.4 STARTING BLOCKS 217
FIGURE 36 START-UP/SME EVALUATION MATRIX, 2023 217
12.6.5 COMPETITIVE BENCHMARKING 218
TABLE 245 LIST OF START-UPS 218
12.7 COMPETITIVE SCENARIO AND TRENDS 218
12.7.1 PRODUCT LAUNCHES & ENHANCEMENTS 218
TABLE 246 ZERO TRUST SECURITY MARKET: PRODUCT LAUNCHES & ENHANCEMENTS, 2023–2021 218
12.7.2 DEALS 223
TABLE 247 ZERO TRUST SECURITY MARKET: DEALS, 2023–2021 223
13 COMPANY PROFILES 233
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
13.1 KEY PLAYERS 233
13.1.1 PALO ALTO NETWORKS 233
TABLE 248 PALO ALTO NETWORKS: BUSINESS OVERVIEW 233
FIGURE 37 PALO ALTO NETWORKS: COMPANY SNAPSHOT 234
TABLE 249 PALO ALTO NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 250 PALO ALTO NETWORKS: PRODUCT LAUNCHES & ENHANCEMENTS 235
TABLE 251 PALO ALTO NETWORKS: DEALS 236
13.1.2 VMWARE 239
TABLE 252 VMWARE: BUSINESS OVERVIEW 239
FIGURE 38 VMWARE: COMPANY SNAPSHOT 240
TABLE 253 VMWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 254 VMWARE: PRODUCT LAUNCHES & ENHANCEMENTS 242
TABLE 255 VMWARE: DEALS 242
13.1.3 ZSCALER 244
TABLE 256 ZSCALER: BUSINESS OVERVIEW 244
FIGURE 39 ZSCALER: COMPANY SNAPSHOT 245
TABLE 257 ZSCALER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 258 ZSCALER: PRODUCT LAUNCHES & ENHANCEMENTS 246
TABLE 259 ZSCALER: DEALS 247
13.1.4 AKAMAI 252
TABLE 260 AKAMAI: BUSINESS OVERVIEW 252
FIGURE 40 AKAMAI: COMPANY SNAPSHOT 253
TABLE 261 AKAMAI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 253
TABLE 262 AKAMAI: PRODUCT LAUNCHES & ENHANCEMENTS 254
TABLE 263 AKAMAI: DEALS 255
13.1.5 MICROSOFT 257
TABLE 264 MICROSOFT: BUSINESS OVERVIEW 257
FIGURE 41 MICROSOFT: COMPANY SNAPSHOT 258
TABLE 265 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 266 MICROSOFT: PRODUCT LAUNCHES & ENHANCEMENTS 259
TABLE 267 MICROSOFT: DEALS 259
13.1.6 CISCO 262
TABLE 268 CISCO: BUSINESS OVERVIEW 262
FIGURE 42 CISCO: COMPANY SNAPSHOT 263
TABLE 269 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 270 CISCO: PRODUCT LAUNCHES & ENHANCEMENTS 264
TABLE 271 CISCO: DEALS 265
13.1.7 IBM 266
TABLE 272 IBM: BUSINESS OVERVIEW 266
FIGURE 43 IBM: COMPANY SNAPSHOT 267
TABLE 273 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 274 IBM: PRODUCT LAUNCHES & ENHANCEMENTS 269
TABLE 275 IBM: DEALS 269
13.1.8 CITRIX 270
TABLE 276 CITRIX: BUSINESS OVERVIEW 270
TABLE 277 CITRIX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 270
TABLE 278 CITRIX: PRODUCT LAUNCHES & ENHANCEMENTS 271
TABLE 279 CITRIX: DEALS 272
13.1.9 CHECK POINT 273
TABLE 280 CHECK POINT: BUSINESS OVERVIEW 273
FIGURE 44 CHECK POINT: COMPANY SNAPSHOT 274
TABLE 281 CHECK POINT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 282 CHECK POINT: PRODUCT LAUNCHES & ENHANCEMENTS 275
TABLE 283 CHECK POINT: DEALS 275
13.1.10 TRELLIX 276
TABLE 284 TRELLIX: BUSINESS OVERVIEW 276
TABLE 285 TRELLIX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 277
TABLE 286 TRELLIX: PRODUCT LAUNCHES & ENHANCEMENTS 277
13.1.11 FORCEPOINT 278
TABLE 287 FORCEPOINT: BUSINESS OVERVIEW 278
TABLE 288 FORCEPOINT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 278
TABLE 289 FORCEPOINT: PRODUCT LAUNCHES & ENHANCEMENTS 279
TABLE 290 FORCEPOINT: DEALS 279
13.1.12 CROWDSTRIKE 280
TABLE 291 CROWDSTRIKE: BUSINESS OVERVIEW 280
FIGURE 45 CROWDSTRIKE: COMPANY SNAPSHOT 281
TABLE 292 CROWDSTRIKE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 281
TABLE 293 CROWDSTRIKE: PRODUCT LAUNCHES & ENHANCEMENTS 282
TABLE 294 CROWDSTRIKE: DEALS 282
13.1.13 CLOUDFLARE 283
TABLE 295 CLOUDFLARE: BUSINESS OVERVIEW 283
FIGURE 46 CLOUDFLARE: COMPANY SNAPSHOT 284
TABLE 296 CLOUDFLARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 284
TABLE 297 CLOUDFLARE: PRODUCT LAUNCHES & ENHANCEMENTS 285
TABLE 298 CLOUDFLARE: DEALS 286
13.1.14 FORTINET 288
TABLE 299 FORTINET: BUSINESS OVERVIEW 288
FIGURE 47 FORTINET: COMPANY SNAPSHOT 289
TABLE 300 FORTINET: PRODUCTS/SOLUTIONS/SERVICES OFFERED 289
TABLE 301 FORTINET: PRODUCT LAUNCHES & ENHANCEMENTS 291
TABLE 302 FORTINET: DEALS 291
13.1.15 GOOGLE 292
TABLE 303 GOOGLE: BUSINESS OVERVIEW 292
FIGURE 48 GOOGLE: COMPANY SNAPSHOT 293
TABLE 304 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 293
TABLE 305 GOOGLE: PRODUCT LAUNCHES & ENHANCEMENTS 294
TABLE 306 GOOGLE: DEALS 295
13.1.16 QNEXT 296
TABLE 307 QNEXT: BUSINESS OVERVIEW 296
TABLE 308 QNEXT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 296
TABLE 309 QNEXT: PRODUCT LAUNCHES & ENHANCEMENTS 297
TABLE 310 QNEXT: DEALS 297
13.2 OTHER KEY PLAYERS 298
13.2.1 ILLUMIO 298
13.2.2 ON2IT 299
13.2.3 PERIMETER 81 300
13.2.4 THREATLOCKER 301
13.2.5 TWINGATE 302
13.2.6 APPGATE 302
13.2.7 ZERO NETWORKS 303
13.2.8 ZENTERA 304
13.2.9 XAGE 305
13.2.10 SKYHIGH SECURITY 306
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
14 ADJACENT MARKETS 307
14.1 INTRODUCTION 307
TABLE 311 ADJACENT MARKETS AND FORECASTS 307
14.2 LIMITATIONS 307
14.3 IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET 308
14.3.1 IDENTITY AND ACCESS MANAGEMENT MARKET, BY OFFERING 308
TABLE 312 IDENTITY AND ACCESS MANAGEMENT MARKET, BY OFFERING, 2017–2022 (USD MILLION) 308
TABLE 313 IDENTITY AND ACCESS MANAGEMENT MARKET, BY OFFERING, 2023–2028 (USD MILLION) 308
TABLE 314 SOLUTIONS: IDENTITY AND ACCESS MANAGEMENT MARKET, BY REGION, 2017–2022 (USD MILLION) 308
TABLE 315 SOLUTIONS: IDENTITY AND ACCESS MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 309
TABLE 316 SERVICES: IDENTITY AND ACCESS MANAGEMENT MARKET, BY REGION, 2017–2022 (USD MILLION) 309
TABLE 317 SERVICES: IDENTITY AND ACCESS MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION) 309
14.4 CYBERSECURITY MARKET 310
14.4.1 CYBERSECURITY MARKET, BY COMPONENT 310
TABLE 318 CYBERSECURITY MARKET, BY COMPONENT, 2016–2021 (USD MILLION) 310
TABLE 319 CYBERSECURITY MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 310
TABLE 320 HARDWARE MARKET, BY REGION, 2016–2021 (USD MILLION) 310
TABLE 321 HARDWARE MARKET, BY REGION, 2022–2027 (USD MILLION) 311
TABLE 322 SOFTWARE MARKET, BY REGION, 2016–2021 (USD MILLION) 311
TABLE 323 SOFTWARE MARKET, BY REGION, 2022–2027 (USD MILLION) 311
TABLE 324 SERVICES MARKET, BY REGION, 2016–2021 (USD MILLION) 312
TABLE 325 SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 312
15 APPENDIX 313
15.1 DISCUSSION GUIDE 313
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 316
15.3 CUSTOMIZATION OPTIONS 318
15.4 RELATED REPORTS 318
15.5 AUTHOR DETAILS 319
