The compound annual growth rate of the zero trust security market is as high as 17.6%

According to the latest data released by Research Dive, the global zero-trust cybersecurity market is expected to grow from USD 18.50 billion in 2019 to 66.7413 billion driven by factors such as the epidemic, digital transformation, surge in cybercrime, telecommuting, VPN and cloud services growth USD, at a CAGR of 17.6% from 2020 to 2027.

In terms of solution type, the type of Zero Trust solution that holds the largest share is endpoint security. Endpoint security segment revenue was valued at USD 3,847.2 million in 2019 and will grow at a CAGR of 16.50% during the forecast period. The surge in the segment is attributed to the enterprise use of technologies such as artificial intelligence, cloud, connected devices, and the Internet of Things.

From a deployment perspective, the on-premises market revenue is expected to be $29,914.1 million by the end of 2027, compared to a market size of $10,511.4 million in 2019.

In terms of organization type, the zero trust segment of large enterprises is expected to generate revenue of $34,498.3 million by 2027, compared to $12,152 million in 2019. The growth of this segment is attributed to the fact that large enterprises offer higher salaries than small and medium enterprises.

By 2027, the multi-factor authentication segment is expected to top $38.629 billion, up from $9.7814 billion in 2019. The increase in online transaction volume is considered to be the main reason for the segment growth in 2020-2027.

In the industry vertical classification, the market size of the retail zero trust market will exceed US$15,642.9 million in 2027, up from US$4,520.8 million in 2019. From 2020 to 2027, expansion of marketing channels and sales channels such as mobile and social commerce is expected to drive the growth of the segment.

In terms of regional markets, the North American zero trust security market was valued at US$584.5 million in 2019 and is expected to reach US$19,955.6 million by 2027. The market is growing rapidly due to the upgrading of internet users, strict government regulations for businesses, and the proliferation of the market.

　

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