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Zero Trust Architecture Market Size

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

Zero Trust Architecture Market Size

The global zero trust architecture market size was valued at USD 19.2 billion in 2024 and is predicted to grow at a CAGR of 17.4% between 2025 and 2034. As cyber threats grow in frequency and sophistication, businesses are increasingly turning to zero-trust architecture for protection. Data from IT Governance reveals that in 2022, cyber-attacks were the leading type of security incident, accounting for 57% of all publicly reported events.

 

Specifically, there were 611 identified cyber-attacks, including 255 ransomware incidents. Traditional security models, which often depend on perimeter defenses, fall short against these advanced threats. In contrast, zero trust focuses on continuously verifying and authenticating users and devices, no matter where they are, enhancing resilience against these evolving cyber challenges.

 

FlexJobs' survey highlights that 57% of employees might consider leaving their jobs if remote work options were taken away. This emphasizes how crucial remote work flexibility is to today's workforce. Furthermore, 65% of those surveyed favor working remotely full-time, showcasing its popularity. At the same time, 32% lean towards a hybrid model, valuing both the flexibility of remote work and the collaboration of in-office days.

 

As businesses undergo digital transformation and embrace remote work, their vulnerability to security breaches has increased. Zero trust architecture offers a robust security framework tailored for today's fluid and widespread work environments. This approach ensures that organizations can protect their networks, data, and applications, no matter where employees are or what devices they use, aligning with the changing demands of contemporary workplaces.

 

Governments and industry standards mandate robust data protection measures, propelling the adoption of Zero Trust. Regulations such as GDPR, HIPAA, and CCPA require enterprises to ensure secure handling of sensitive data. ZTA enables organizations to meet compliance requirements by implementing granular controls and continuous monitoring. This architecture not only mitigates risks but also helps avoid penalties, reinforcing its importance in regulated sectors like healthcare and finance.

 

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.

Zero Trust Architecture Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 240
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