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Zero Trust Architecture Market Share

Report ID: GMI7685
Published Date: Nov 2024
Report Format: PDF

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Zero Trust Architecture Market Share

Zero Trust Architecture Company Market Share, 2024

Cisco Systems and Palo Alto Networks collectively held a substantial market share of over 12% in the zero-trust architecture industry in 2024, due to their comprehensive portfolios, technological innovation, and strong global presence. Cisco leveraged its networking expertise and integrated Zero Trust capabilities into its security solutions, such as Secure Access Service Edge (SASE) and Identity Services Engine (ISE), making it a go-to provider for enterprises transitioning to ZTA.

Similarly, Palo Alto Networks, known for its advanced firewall technology and Prisma Access platform, delivered robust cloud based Zero Trust solutions tailored to hybrid work environments. Both companies’ focus on AI-driven threat detection, seamless user experiences, and compliance management allowed them to address diverse organizational needs, securing their leadership positions in this competitive market.

Zero Trust Architecture Market Companies

Major players operating in the zero-trust architecture industry are:

Akamai Technologies, Inc.
Cisco Systems, Inc.
IBM Corporation
Microsoft Corporation
Okta, Inc.
Palo Alto Networks, Inc.
VMware, Inc.
Zscaler, Inc.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of zero trust architecture reached USD 19.2 billion in 2024 and is set to grow at a 17.4% CAGR from 2025 to 2034, driven by increasing cybersecurity threats.

The cloud-based segment accounted for around 62% of the market share in 2024, as organizations prefer cloud deployments for their scalability, flexibility, and easy access.

The U.S. market accounted for 80% of the revenue share in 2024 and is projected to exceed USD 23.7 billion by 2034, led by advanced technological infrastructure and high adoption rates of cybersecurity solutions.

The key players in the industry include Akamai Technologies, Inc., Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, Okta, Inc., Palo Alto Networks, Inc., VMware, Inc., and Zscaler, Inc.