GITNUX MARKETDATA REPORT 2024

Zero Trust Industry Statistics

Zero Trust adoption is on the rise, with a majority of organizations planning to implement or expand their Zero Trust initiatives in the near future.

Highlights: Zero Trust Industry Statistics

  • Zero Trust Market size surpassed USD 19.6 billion in 2020.
  • The Zero Trust market is anticipated to grow at a CAGR of 15.6% from 2021 to 2028.
  • Network security segment is projected to record a 16.2% CAGR through 2028 in zero trust security market.
  • As of 2020, the Banking, Financial Services and Insurance (BFSI) segment held the largest market share of Zero Trust Security, accounting for 25.3%.
  • Data security is projected to witness a CAGR of 17.8% in the zero trust security market.
  • The global Zero Trust Security market size is expected to reach USD 51.6 Billion by 2026.
  • The Zero Trust Security market size in North America stood at USD 4.54 billion in 2020.
  • Zero Trust adoption grew by 275% between 2019 and 2020.
  • 78% of organizations are in the process of implementing Zero Trust capabilities.
  • By 2023, 60% of enterprises will replace VPNs with Zero Trust network access.
  • 85% of organizations will start a Zero Trust implementation by 2022, but only 15% will primarily follow a Zero Trust strategy by 2022.
  • 52% of companies experienced a malware incident post-COVID compared to 38% pre-COVID, indicating a growing need for zero trust implementation.
  • Healthcare vertical is anticipated to grow at 18.1% CAGR from 2021 to 2028 in the Zero Trust Security market.
  • The Asia Pacific market for Zero Trust Security is expected to grow at the highest CAGR of 19.1% from 2020 to 2027.
  • Zero Trust Security solutions for the cloud segment was valued at USD 3.7 billion in 2020.

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The Latest Zero Trust Industry Statistics Explained

Zero Trust Market size surpassed USD 19.6 billion in 2020.

The statistic “Zero Trust Market size surpassed USD 19.6 billion in 2020” indicates the total value of the global market for Zero Trust cybersecurity solutions in the year 2020. Zero Trust is a security concept that assumes no user or device should be trusted automatically, even if they are operating within the network perimeter. The market size exceeding USD 19.6 billion signifies the increasing adoption of Zero Trust strategies by organizations worldwide to protect against advanced cyber threats, secure sensitive data, and mitigate risks associated with unauthorized access. This growth in the market demonstrates the growing recognition of the importance of implementing comprehensive security measures in the face of evolving cybersecurity challenges.

The Zero Trust market is anticipated to grow at a CAGR of 15.6% from 2021 to 2028.

This statistic indicates that the Zero Trust market, which focuses on enhancing cybersecurity by continuously verifying users and devices before granting access, is expected to experience significant growth over the period from 2021 to 2028. The Compound Annual Growth Rate (CAGR) of 15.6% suggests a steady increase in market size and adoption of Zero Trust principles by organizations seeking to strengthen their security posture in the face of evolving cyber threats. This projection reflects the growing awareness of the importance of implementing Zero Trust architectures in the modern digital landscape to mitigate risks and protect sensitive data effectively.

Network security segment is projected to record a 16.2% CAGR through 2028 in zero trust security market.

The statistic suggests that the network security segment within the zero trust security market is expected to experience a Compound Annual Growth Rate (CAGR) of 16.2% through the year 2028. This indicates a strong and steady growth trajectory for network security solutions that adhere to the zero trust security model, which emphasizes strict access controls and verification processes for all users and devices within a network. The projected growth in this segment signifies a growing demand for more secure and resilient network architectures to protect against evolving cyber threats and data breaches, reflecting a broader industry trend towards adopting more sophisticated security measures.

As of 2020, the Banking, Financial Services and Insurance (BFSI) segment held the largest market share of Zero Trust Security, accounting for 25.3%.

The statistic indicates that as of 2020, the Banking, Financial Services and Insurance (BFSI) segment has the largest market share of Zero Trust Security, representing 25.3% of the total market. This suggests that within the realm of Zero Trust Security solutions, companies in the BFSI sector have been the most prominent adopters. This could be attributed to the sensitive nature of financial data and regulatory requirements within the sector, leading organizations to prioritize robust security measures like Zero Trust Security. The statistic highlights the significance of BFSI organizations in the adoption of cutting-edge security technologies, indicating a trend towards enhancing cybersecurity practices within the industry.

Data security is projected to witness a CAGR of 17.8% in the zero trust security market.

The statistic stating that data security is projected to witness a Compound Annual Growth Rate (CAGR) of 17.8% in the zero trust security market indicates the expected annual growth rate of data security within the context of zero trust security solutions. This figure suggests a strong and consistent growth trend in the adoption and implementation of security measures that prioritize strict identity verification and data access controls to enhance cybersecurity. A CAGR of 17.8% signifies a substantial increase in the market size and demand for zero trust security technologies over the forecast period, highlighting the growing importance of data protection and risk mitigation strategies in the ever-evolving landscape of cyber threats and vulnerabilities.

The global Zero Trust Security market size is expected to reach USD 51.6 Billion by 2026.

The statistic indicates that the global Zero Trust Security market is projected to grow significantly and reach a market size of USD 51.6 billion by the year 2026. Zero Trust Security is an approach to cybersecurity that requires strict verification for every person and device trying to access a network, regardless of whether they are inside or outside the organization’s perimeter. This anticipated growth in market size reflects the increasing awareness and adoption of Zero Trust Security solutions by organizations worldwide as they aim to enhance their cybersecurity posture and protect against evolving cyber threats.

The Zero Trust Security market size in North America stood at USD 4.54 billion in 2020.

The statistic indicates that in 2020, the Zero Trust Security market size in North America was valued at USD 4.54 billion. This figure represents the total revenue generated within the North American region from products and services related to Zero Trust Security, a cybersecurity approach that assumes no trust within the network and requires strict verification for all users and devices. The market size signifies the economic significance and growth potential of Zero Trust Security solutions in North America, reflecting the increasing importance placed on securing digital assets and data from cyber threats. This statistic serves as a valuable indicator for businesses, investors, and policymakers to understand the market landscape and make informed decisions regarding cybersecurity investments in the region.

Zero Trust adoption grew by 275% between 2019 and 2020.

The statistic ‘Zero Trust adoption grew by 275% between 2019 and 2020’ indicates a significant increase in the adoption of Zero Trust security principles within organizations during this period. Zero Trust is an approach to cybersecurity that emphasizes strict identity verification and authorization, assuming that threats may exist both inside and outside the network. A 275% growth in adoption suggests that more organizations are recognizing the importance of implementing stronger security measures to protect their data and systems, likely driven by a rise in cyber threats and the need to safeguard sensitive information. This rapid adoption rate indicates a growing awareness of the benefits of Zero Trust strategies in enhancing overall cybersecurity posture and mitigating risks in an increasingly digital and interconnected business environment.

78% of organizations are in the process of implementing Zero Trust capabilities.

The statistic that 78% of organizations are in the process of implementing Zero Trust capabilities indicates a growing trend towards enhancing cybersecurity strategies to better protect digital assets and sensitive information. Zero Trust is a security concept that assumes breaches are inevitable and advocates for verifying every user and device trying to connect to a company’s network, regardless of whether they are inside or outside the network perimeter. The statistic suggests that organizations are recognizing the importance of strengthening their defenses against cyber threats and are taking proactive steps to adopt more robust security measures to ensure data protection and privacy.

By 2023, 60% of enterprises will replace VPNs with Zero Trust network access.

The given statistic indicates that a significant shift towards adopting Zero Trust network access is expected among enterprises by the year 2023. Zero Trust is a cybersecurity approach that assumes no entity, whether inside or outside the network, can be trusted, prompting strict access controls and continuous verification. The statistic suggests that 60% of enterprises will transition away from traditional Virtual Private Networks (VPNs) to Zero Trust network access solutions within the next few years, reflecting a growing recognition of the limitations of VPNs in today’s dynamic and increasingly complex cybersecurity landscape. This shift highlights the emphasis on enhancing security posture by adopting more proactive and granular access control measures to better protect against diverse cyber threats.

85% of organizations will start a Zero Trust implementation by 2022, but only 15% will primarily follow a Zero Trust strategy by 2022.

This statistic suggests that a large majority (85%) of organizations are planning to initiate some form of Zero Trust implementation by 2022, indicating a growing awareness and adoption of this security approach in the business world. However, the fact that only a small percentage (15%) will primarily follow a Zero Trust strategy by 2022 implies that while many organizations may be taking initial steps towards implementing Zero Trust principles, only a minority are expected to fully integrate and prioritize this security framework within their operations by the specified timeframe. This could reflect the complexity and challenges involved in fully transitioning to a Zero Trust model, indicating that adoption may be gradual and not yet widespread among organizations.

52% of companies experienced a malware incident post-COVID compared to 38% pre-COVID, indicating a growing need for zero trust implementation.

The statistic indicates that there has been a notable increase in the proportion of companies experiencing malware incidents post-COVID compared to the pre-COVID period. This change suggests a significant shift in the cybersecurity landscape, with 52% of companies now reporting incidents, up from 38% before the pandemic. The growing need for zero trust implementation is highlighted as a potential solution to mitigate these cybersecurity risks. Zero trust emphasizes a strict access control model that verifies every user and device attempting to connect to the company network, regardless of their location. This statistic underscores the urgency for organizations to enhance their cybersecurity measures to safeguard against the increasing threats posed by malware in the current post-COVID environment.

Healthcare vertical is anticipated to grow at 18.1% CAGR from 2021 to 2028 in the Zero Trust Security market.

This statistic indicates the expected compound annual growth rate (CAGR) for the healthcare vertical within the Zero Trust Security market from 2021 to 2028. A CAGR of 18.1% suggests a rapid growth trend in the adoption and implementation of Zero Trust Security solutions within the healthcare industry over the specified time period. This growth rate reflects the increasing awareness of the importance of cybersecurity in protecting sensitive healthcare data and systems, as well as the industry’s efforts to enhance security measures and mitigate cyber threats. The high CAGR projection highlights the significant potential for growth and investment opportunities in Zero Trust Security solutions specifically tailored for the healthcare sector.

The Asia Pacific market for Zero Trust Security is expected to grow at the highest CAGR of 19.1% from 2020 to 2027.

The statistic indicates that the Asia Pacific market for Zero Trust Security, a cybersecurity approach that mandates strict identity verification for every person and device trying to access resources on a private network, is projected to experience a Compound Annual Growth Rate (CAGR) of 19.1% from 2020 to 2027. This growth rate is significantly higher compared to other regions, suggesting a rising demand for Zero Trust Security solutions in the Asia Pacific region due to increasing cyber threats, digital transformation initiatives, and regulatory requirements. The statistic highlights the potential for substantial market expansion and adoption of Zero Trust Security measures to enhance data protection and mitigate security risks in the evolving cybersecurity landscape of the Asia Pacific region.

Zero Trust Security solutions for the cloud segment was valued at USD 3.7 billion in 2020.

The statistic indicates that the market value of Zero Trust Security solutions specifically tailored for cloud computing environments reached USD 3.7 billion in the year 2020. Zero Trust Security is a cybersecurity approach that assumes no user or device within a network can be trusted by default and requires continuous verification. The significant valuation of USD 3.7 billion highlights the growing importance and adoption of Zero Trust Security in cloud environments, as organizations seek to enhance their security posture and protect their sensitive data and digital assets from evolving cyber threats.

References

0. – https://www.www.gminsights.com

1. – https://www.info.zscaler.com

2. – https://www.marketresearch.biz

3. – https://www.www.fortunebusinessinsights.com

4. – https://www.www.grandviewresearch.com

5. – https://www.securityboulevard.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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