The Latin America, Middle East and Africa Zero Trust Security Market would witness market growth of 22.3% CAGR during the forecast period (2020-2026).
Every access request is verified, authorized and authenticated within the zero-trust security model under the set policies and identified for the abnormalities before giving access. Both the customer’s identity & the application’s hosting environment are utilized to protect the organization from any kind of data breach. Top-quality intelligence and analytics assist the companies to recognize the situation or the risk & protect the data from any kind of risk. Despite assuming that everything in the business domain is safe, the zero-security model anticipates breaches & authenticates every request as it arises from an independent network.
The zero-security solutions manage data on the principle of verifying every access and not trusting any entity inside or outside the firm. This solution is an improved cyber-security solution for the modern environment. If any entity tries to access the information, the solution at first verifies & authenticates, and then give access to the user to enter into a network. In addition, it offers various benefits like it deliver simple-to-use, reliable security mechanisms, and cost-effective solution. Therefore, these aspects contribute to the increasing demand for zero-trust security solutions across various organizations & companies.
The present & upcoming zero-trust security market improvements are based on the state of the attractiveness of the market. Leading impacting factors try to exploit the opportunities of the zero trust security market during the forecast period. The rising number of advanced cyber-attacks is among the prime factors which will create more growth opportunities to the market during the forecast period. Moreover, the growing stringent government regulations & compliance regarding security are also anticipated to propel the market growth. Though, the less adoption of zero-trust solution in the small & medium companies because of the budgetary constraints is estimated to restrict the growth of the market. Moreover, the increasing IoT traffic and rising requirements for enhanced visibility of network infrastructure are expected to provide lucrative growth opportunities for the market players.
The Brazil market dominated the LAMEA On-premise Zero Trust Security Market by Country 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 21.1% during (2020 - 2026). Additionally, The UAE market is showcasing a CAGR of 20.4% during (2020 - 2026).
The Data Security market dominated the South Africa Zero Trust Security Market by Solution Type 2019, thereby, achieving a market value of $155.7 million by 2026. The Security Orchestration Automation & Response market is estimated to grow at a CAGR of 24.5% during (2020 - 2026). The Network Security market is experiencing a CAGR of 22% during (2020 - 2026). Additionally, The Security Analytics & Security Policy Management market is expected to witness a CAGR of 25.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
• Saudi Arabia
• South Africa
• Rest of LAMEA
• 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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