Security News > 2022 > January > Zero-trust security market to reach $64.4B by 2027

Amid the COVID-19 crisis, the global market for zero-trust security estimated at $18.3 billion in the year 2020, is projected to reach a revised size of $64.4 billion by 2027, growing at a CAGR of 19.7% over the period 2020-2027, according to ResearchAndMarkets.

On-Premise, one of the segments analyzed in the report, is projected to record 19% CAGR and reach US$39.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 20.8% CAGR for the next 7-year period.

The zero-trust security market in the U.S. is estimated at $5.4 billion in the year 2020.

China, the world's second largest economy, is forecast to reach a projected market size of $11.1 billion by the year 2027 trailing a CAGR of 19% over the analysis period 2020 to 2027.

Within Europe, Germany is forecast to grow at approximately 14.4% CAGR..

News URL

https://www.helpnetsecurity.com/2022/01/18/zero-trust-security-2027/