Despite the COVID-19 crisis, the global market for Zero-Trust Security is expected to increase at a Compound Annual Growth Rate (CAGR) of 19.7 percent from 2020 to 2027, from an estimated US$18.3 billion in 2020 to a revised US$64.4 billion by 2027.
One of the report’s segments which was analyzed, On-Premise, is expected to grow at a 19 percent CAGR and reach US$39.2 billion by the conclusion of the analysis period. Following an early analysis of the pandemic’s business implications of the pandemic and the resulting economic crisis, the growth in the Cloud segment is readjusted to a revised 20.8 percent CAGR over the following seven years.
The market in the United States is estimated to be worth $5.4 billion, while China is expected to grow at a 19 percent Compound Annual Growth Rate CAGR.
Japan and Canada are two more important geographic markets, with forecasted growth rates of 17.8% and 17%, respectively, from 2020 to 2027. Within Europe, Germany is expected to develop at a 14.4% Compound annual growth rate (CAGR).
Some of the players in the Zero-Trust Security market includes Akamai, Centrify, Check Point Software Technologies, Cisco, Cloudflare, Cyxtera Technologies, Forcepoint, Fortinet, Google, and IBM.