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Zero Trust Security Market Size
- Report ID: GMI6923
- Published Date: Jul 2024
- Report Format: PDF
Zero Trust Security Market Size
Zero Trust Security Market size was valued at USD 29.3 billion in 2023 and is estimated to register a CAGR of over 18% between 2024 and 2032. The rising frequency and sophistication of cyberattacks & security breaches have significantly propelled the market demand. With traditional security models proving insufficient, organizations are adopting zero trust principles to enhance their defenses.
According to the UK Government, approximately 39% of businesses and 30% of charities in the UK have experienced some form of cybersecurity breach or attack in 2022. The numerous identified breaches or attacks among businesses are driving the adoption of zero trust security solutions, ensuring comprehensive protection against evolving cyber threats and unauthorized access attempts.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Zero Trust Security Market Size in 2023: | USD 29.3 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 18.2% |
| 2032 Value Projection: | USD 129.1 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 468 |
| Segments covered: | Component, Deployment, Enterprise Size, Security Type, Authentication, End User |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Zero trust security solutions are benefiting industries by offering robust protection against cyber threats and unauthorized access attempts. By implementing strict access controls, continuous monitoring & identity verification, these solutions prevent security breaches and data leaks. Industries gain enhanced data protection, reduced attack surface, and improved overall security posture. As organizations witness the effectiveness of zero trust security, the demand for these solutions continues to rise, propelling the zero trust security market growth.
The need to comprehensively redefine access controls and authenticate users & devices and segment networks results in the complex implementation of zero trust security. Organizations with existing legacy systems face integration challenges as these systems often lack compatibility with modern zero trust principles. Ensuring a seamless transition while maintaining the functionality of older technologies requires careful planning and expertise. Additionally, integrating new security measures without disrupting user experience demands a strategic approach to strike a balance between heightened security and user convenience.
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Zero Trust Security Market Scope
