(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Feb. 13, 2024 (GLOBE NEWSWIRE) -- The "Zero Trust Architecture market by Offering (Solutions and Services), Organization Size (SMEs and Large Enterprises), Deployment Mode (Cloud and On-Premises), Vertical (BFSI, IT & ITeS, Healthcare) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets's offering.
A new comprehensive research publication now available examines the rapid growth projected for the global zero trust architecture market. Anticipated to surge from USD 17.3 billion in 2023 to USD 38.5 billion by 2028, this market benefits from a high Compound Annual Growth Rate (CAGR) of 17.3% over the forecast period.
Sector Analysis and Key Market Segments
The study provides an overview of how zero trust architecture is revolutionizing security protocols, with in-depth analysis across various segments such as IT & Information Technology Enabled Services (ITeS), healthcare, Banking, Financial Services, and Insurance (BFSI), among others. Notably, IT & ITeS holds a dominant share, mirroring the vital role of zero trust in protecting sensitive data within complex IT infrastructures.
The report further segments the market based on organization size, illustrating how large enterprises are adopting this architecture to protect their extensive networks against ever-evolving cyber threats. Detailed insights into deployment modes reveal whether cloud or on-premises solutions are leading the market.
Regional Insights and Market Drivers
An entire section is dedicated to geographical analysis, with a spotlight on US market dynamics contributing to North America's position as a leader in zero trust architecture adoption. This regional market growth is propelled by multiple factors such as stringent regulatory compliance, advanced technological infrastructure, and increasing security challenges faced by government, financial, and healthcare sectors.
Industry Expertise and Key Player Insights
This report encompasses insights from various industry experts and key players, providing a breakdown of their designations and company types. The methodology involves meticulous primary research with Tier 1, Tier 2, and Tier 3 companies, ensuring a holistic view of the market.
Market Dynamics and Research Coverage
This research report elucidates upon the various growth drivers, restraints, opportunities, and challenges within the zero trust architecture market. An in-depth view into product development, market developments, diversification, and competitive assessments provides stakeholders vital information to make informed decisions.
In summary, this report serves as a crucial tool for understanding the rapidly advancing zero trust architecture market, fostering strategic decision-making and identifying lucrative market opportunities.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 288 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $17.3 Billion |
| Forecasted Market Value (USD) by 2028 | $38.5 Billion |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
Companies Mentioned
Palo Alto Networks Vmware Zscaler Akamai Microsoft Cisco IBM Citrix Check Point Trellix Forcepoint Crowdstrike Cloudflare Fortinet Google Netskope Perimeter 81 Twingate Appgate Zero Networks Versa Axis Security Ivanti Nordlayer Goodaccess
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Global Zero Trust Architecture Market
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