Government & Defense End User Industry to Register Highest Growth in United States Zero Trust Security Market During Forecast Period
Increasing number of false cyber-attack alerts is expected to drive the growth of United States zero trust security market
According to TechSci Research report, “United States Zero Trust Security Market By Authentication Type, By Deployment Mode, By Solution Type, By Organization Size, By End User Industry, By Region, Forecast & Opportunities, 2025”, the United States zero trust security market is expected to grow at a formidable rate through 2025 on account of increase in cyber-attacks, privacy & data protection and rising threats from hackers. Additionally, growing need for zero trust security solutions among SMEs is further expected to supplement the growth of market during the forecast years. However, the budgetary constraints among SMEs and design & implementation challenges to deploy zero trust security solutions can hamper the growth of market during forecast period.
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The United States zero trust security market is segmented based on authentication type, deployment mode, solution type, organization size, end user industry, company and region. Based on solution type, the market can be categorized into network security, data security, endpoint security, API security, security analytics, security policy management and others. The data security segment is expected to dominate the market during forecast years since zero trust data security solutions fortify an organization’s data security by confining the risks from user privileges and access, restricting the lateral movement of threats within a company’s infrastructure. Based on organization size, the market can be bifurcated into large enterprises and SMEs. Large enterprises are expected to dominate the market since they are using zero trust security solution to safeguard the network, endpoints, data centers, devices, users, and applications from unauthorized usage and malicious ransomware attacks. Additionally, increasing penetration of multi-factor authentication among large organizations to facilitate privileged access to servers and web applications is also promoting United States zero trust security market growth. Based on end user industry, the market can be fragmented into BFSI, IT & telecom, government & defense, retail & ecommerce and others. The government & defense segment is anticipated to register the highest growth during forecast period on account of the fact that government bodies are shifting focus towards zero trust security solutions to enhance government network security, data security, risk & security analytics, endpoint security, and application security.
Market Players :
Cisco Systems Inc., Akamai Technologies, Inc., Palo Alto Networks, Inc., Symantec Corporation, Okta, Inc., Forcepoint, LLC, Centrify Corporation, Cyxtera Technologies, Google LLC, VMware Inc. and others are some of the leading players operating in United States zero trust security market. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. For instance, in April 2019, Cyxtera Technologies announced the launch of Risk Orchestrator to enhance the power, scale and reach of its Total Fraud Protection platform.
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“United States zero trust security market is expected to witness significant growth during the forecast period, owing to the early adoption of advanced technologies, such as cloud, helping zero trust security service providers to implement efficient zero trust security solutions in the country. Additionally, the presence of leading players such as Palo Alto Networks, Inc., Symantec Corporation, Okta, Inc., Cisco Systems Inc, among others in the country are further expected to give significant boost to the market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Zero Trust Security Market By Authentication Type, By Deployment Mode, By Solution Type, By Organization Size, By End User Industry, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States zero trust security market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States zero trust security market.
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