What is Global Zero Trust Cloud Security Platform Market?
The Global Zero Trust Cloud Security Platform Market is a rapidly evolving sector that focuses on providing security measures for cloud-based platforms based on the principle of 'zero trust'. This principle operates on the belief that no user or device should be trusted by default, regardless of its location or network. The platform provides a security framework that helps organizations prevent data breaches by implementing strict access controls and not trusting anything inside or outside its perimeters. It is designed to protect modern digital businesses from a range of cyber threats, ensuring that all data, applications, and services are secure from any unauthorized access. The platform is a combination of technologies including multi-factor authentication, identity and access management, and security policy enforcement. It is a proactive approach to cybersecurity that assumes breach and verifies each request as though it originates from an open network. Regardless of where the request originates or what resource it accesses, Zero Trust teaches us to "never trust, always verify."
Network Security, Data Security, Endpoint Security, SOAR, API Security, Security Analytics, Security Policy Management, Others in the Global Zero Trust Cloud Security Platform Market:
The Global Zero Trust Cloud Security Platform Market encompasses various aspects such as Network Security, Data Security, Endpoint Security, SOAR, API Security, Security Analytics, Security Policy Management, among others. Network Security involves measures to protect the usability, reliability, integrity, and safety of a network. Data Security, on the other hand, is the practice of protecting digital data from destructive forces, unauthorized access, or data breaches. Endpoint Security provides protection at the device level, securing various endpoints on a network, often mobile devices, laptops, and desktop PCs. Security Orchestration, Automation, and Response (SOAR) is a stack of compatible software programs that allow an organization to collect data about security threats and respond to low-level security events without human assistance. API Security involves protecting APIs from threats and attacks, while Security Analytics uses data collection, aggregation, and analysis tools for security monitoring and threat detection. Security Policy Management is the analysis, decision-making, and execution of security policies on a network.
IT and ITES, BFSI, Healthcare, Retail, Utilities, Others in the Global Zero Trust Cloud Security Platform Market:
The Global Zero Trust Cloud Security Platform Market finds its application in various sectors such as IT and ITES, BFSI, Healthcare, Retail, Utilities, among others. In the IT and ITES sector, the platform helps in securing sensitive data and intellectual property from cyber threats. In the BFSI sector, it aids in protecting financial data from breaches and ensuring secure transactions. The healthcare sector uses this platform to safeguard patient data and other sensitive information. Retail businesses leverage it to protect customer data and maintain their trust. The utilities sector uses the platform to secure critical infrastructure from potential cyber-attacks. In essence, the Zero Trust Cloud Security Platform provides a robust security framework that can be tailored to the specific needs of different sectors, ensuring optimal data protection and threat prevention.
Global Zero Trust Cloud Security Platform Market Outlook:
Looking at the market outlook, the Global Zero Trust Cloud Security Platform Market was valued at US$ 4274.6 million in 2023. It is expected to grow significantly and reach a valuation of US$ 14610 million by 2030. This growth trajectory represents a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period from 2024 to 2030. The market is dominated by the top 3 companies, which collectively hold a share of about 32%. In terms of product categories, network security holds the largest segment with a share of about 23%. When it comes to applications, the IT and ITES sector leads with a share of about 33%.
| Report Metric | Details |
| Report Name | Zero Trust Cloud Security Platform Market |
| Accounted market size in 2023 | US$ 4274.6 million |
| Forecasted market size in 2030 | US$ 14610 million |
| CAGR | 19.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Cisco, Akamai, Google, Microsoft, IBM, Palo Alto, Broadcom, Okta, McAfee, Forcepoint, Centrify, Cloudflare, Check Point, Ericom, Netskope, Zscaler, Rackspace, Fortinet, CrowdStrike, Vmware, Illumio, Unisys, Appgate, Ping Identity, Tenable, Trend Micro, Proofpoint, F5 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
