Zero Trust Architecture Market size is anticipated to reach USD 41 Billion by the end of 2036, growing at a CAGR of 18% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of zero trust architecture was USD 18 Billion. The major factor in encouraging the market revenue is growing remote working. Remote work environments have grown increasingly common, as evidenced by over 11% of full-time employees that work from home in 2023. At the same time, an approximately 27% of workers have adjusted to a hybrid work style. However, this has also increased the prevalence of cybercrime.
Over 97% of remote workers reported using a personal device for work each day, according to a recent study, hence is estimated that they might be the target of about 66% of business-impacting cyberattacks. Therefore, the need for zero trust architecture is predicted to rise over the coming years. Furthermore, compliance requirements emphasize privacy and data protection significantly. Zero trust architecture enables businesses satisfy regulatory compliance requirements and safeguard sensitive data by offering improved security controls and visibility. Hence, this factor is also projected to boost the zero trust architecture market expansion.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~18% |
Base Year Market Size (2023) |
~ USD 18 Billion |
Forecast Year Market Size (2036) |
~ USD 41 Billion |
Regional Scope |
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Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail & E-Commerce, Energy & Utilities, Other)
The retail & e-commerce segment is predicted to account for 30% share of the zero trust architecture market over the coming years. The retail and eCommerce industries are seeing a sharp increase in the use of Zero Trust Architecture as a result of a number of compelling factors. These include the handling of high-value assets and data by the industry, including product and sensitive customer data, which are easy targets for cyberattacks. Additionally, as cloud computing, mobile commerce, and the Internet of Things become more commonplace in retail and eCommerce organizations, security concerns increase, making this a wise defensive tactic. Strict compliance mandates including GDPR and PCI DSS also force these companies to put in place extensive security safeguards, with zero trust providing a strong foundation. Additionally, retailers and eCommerce companies are becoming more conscious of the advantages of protecting the data and technology that facilitate its uptake.
Organization Size (SMEs, Large Enterprise)
The SMEs segment is predicted to account for 60% share of the zero trust architecture market over the forecast period. This growth of the segment is set to be encouraged by the rising number of SME businesses. Globally, there were projected to be over 331 million SMEs in 2021-a marginal increase over the 327 million recorded in 2019. Within the given time frame, the most recent year had the greatest number of SMEs. It is an erroneous that only large companies have to be concerned about security. Cyberattacks are becoming more frequent, and trends in cybercrime affect both large and small enterprises. Moreover, since large number of SMEs business are now operating online the risk of cyber attack increases. As a result, the need for zero trust infrastructure is projected to rise in SMEs businesses.
Our in-depth analysis of the global zero trust architecture market includes the following segments:
Deployment Type |
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Organization Size |
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Vertical |
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North American Market Forecasts
The North America zero trust architecture market is projected to gather the highest revenue share of about 40% during the coming years. This growth of the market in this region is estimated to be encouraged by the rise in the presence of various key market players. Furthermore, the developed economy in this region, led by the United States, is notable for its propensity to adopt and embrace cutting-edge technology, network automation, and the proliferation of cloud-based services, all of which have fueled the market for zero trust security. Moreover, the government in this region is also initiating various efforts in order to encourage the adoption of zero trust architecture which might also boost the market growth.
European Market Analysis
The zero trust architecture market is set to have notable growth during the forecast period. The growth of this region’s market is poised to be influenced by the growing adoption of zero trust infrastructure. Compared to about 24% in 2020, over two-thirds of European organizations have started creating a zero trust strategy. Furthermore, Europe nations highly prioritize data privacy which is why their interest in zero infrastructure is predicted to grow in the coming years. Additionally, Europe has launched one of the strictest laws including GDPR in order to reduce cyber-attacks which also influence market demand.
Author Credits: Abhishek Verma
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