The Asia Pacific Zero Trust Security Market would witness market growth of 20.8% CAGR during the forecast period (2020-2026).
Open banking is an initiative that enables third-party financial service companies to use the customer’s banking information via APIs, which is majorly implemented among business domains. With open banking, the systemic risk can be increased due to the multiplying interconnectivity among providers, vendors, banks, customers, and vendors. Financial institutions especially banks require a different security approach to safeguard the data, systems, and customers. The perimeter defense approach is not sufficient to cope up with this new systematic risk, which can be reduced by using the zero-trust security model.
The location is not necessary for the zero-trust security model. Gadgets, customers, and application workloads are dynamic & have no particular location, thus, the zero-trust model cannot be implemented at one location. Hence, it should be embedded across the complete premise. All the genuine customers get access to the right data & application. They can also access vital applications & workloads from any location such as offices, homes, and cafes. There is a requirement of constant visibility, control, and enforcement in the zero-trust model, which can be provided directly to the gadgets or via a cloud system. A software-defined perimeter offers safer customer access and prevents data loss despite the location of the user or the location of hosted data & workloads.
Workloads are very dynamic in nature and can move around various data centers and public, private, & hybrid clouds. Under the Zero Trust model, the team should have intensive visibility into the activity & interdependencies around the networks, customers, data, gadgets, and applications. Segmentation gateways manage traffic, deal with risks and impose precise access around north-south and east-west traffic among an organization’s premise data center & multi-cloud surroundings.
The China market dominated the Asia Pacific Small & Medium Enterprises Zero Trust Security Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 21.7% during (2020 - 2026). Additionally, The India market is anticipated to grow at a CAGR of 23.1% during (2020 - 2026).
The Cloud market dominated the Malaysia Zero Trust Security Market by Deployment Type 2019, thereby, achieving a market value of $580 million by 2026. The On-premise market is experiencing a CAGR of 22.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
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
• South Korea
• Rest of Asia Pacific
• 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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