Europe Zero Trust Security Market By Solution Type (Data Security, Security Orchestration Automation & Response, Network Security, Security Analytics & Security Policy Management, Endpoint Security, API Security and Others), By Authentication Type (Single-factor Authentication and Multi-factor Authentication), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Deployment Type (Cloud and On-premise), By Vertical (IT and ITES, BFSI, Healthcare & Social Assistance, Retail Trade, Utilities and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Europe Zero Trust Security Market would witness market growth of 18% CAGR during the forecast period (2020-2026). The adoption of zero-security security solutions would experience increment due to rising cybercriminal activities, in which criminals penetrate and move information in the security perimeter. It is due to the dependency of some companies on on-premises firewalls and VPNs, solution incorporation, and rapid delivery & end to end security protection. The rate of large-scale, multi-vector mega threats is also increasing, creating chaos among companies & individuals across the world.
Zero trust security is a security model built on the concept of ensuring strict access controls & not trusting any entity by default, not even the insiders within the boundary of network. This model is created in a way, where any person whether insider or outsider needs to undergo strict identity verification to access the organizational network. It is one of the comprehensive approaches to protect an organizational network. Zero-trust security has combined many different technologies to provide a secure network. The high frequency of cyber-attacks on networks is one of the main reasons contributing to the increasing adoption of zero-trust solutions.
There are many big organizations like banks, which manage widespread networks of data and applications that can be accessed by the workforce, customers, and partners or collaborators online, which makes it more difficult to safeguard the perimeters. The zero-trust security uses a more varied approach of managing the access to the entities, data, and gadgets in the companies’ network. Thus, even if an insider acts carelessly, or surrounds attackers do it via the companies’ walls, automatic access to data is not provided.
The Germany market dominated the Europe Zero Trust Security Healthcare & Social Assistance Market by Country 2019, growing at a CAGR of 17.6 % during the forecast period. The UK market is exhibiting a CAGR of 18% during (2020 - 2026). Additionally, The France market is poised to witness a CAGR of 19.7% during (2020 - 2026).
The Large Enterprises market dominated the Spain Zero Trust Security Market by Organization Size 2019, thereby, achieving a market value of $589.2 million by 2026. The Small & Medium Enterprises market is expected to witness a CAGR of 21.6% during (2020 - 2026).
Based on Solution Type, the market is segmented into Data Security, Security Orchestration Automation & Response, Network Security, Security Analytics & Security Policy Management, Endpoint Security, API Security and Others. Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor Authentication. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into IT and ITES, BFSI, Healthcare & Social Assistance, Retail Trade, Utilities and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Akamai Technologies, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., IBM Corporation, Microsoft Corporation, NortonLifeLock, Inc., Google, Inc., FireEye, Inc., and McAfee, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Solution Type
- Data Security
- Security Orchestration Automation & Response
- Network Security
- Security Analytics & Security Policy Management
- Endpoint Security
- API Security
By Authentication Type
- Single-factor Authentication
- Multi-factor Authentication
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Type
- IT and ITES
- Healthcare & Social Assistance
- Retail Trade
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Akamai Technologies, Inc.
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- IBM Corporation
- Microsoft Corporation
- NortonLifeLock, Inc.
- Google, Inc.
- FireEye, Inc.
- McAfee, LLC
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