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.
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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