Zero Trust Security Market Worth $60.7 Billion By 2027, Growing At A Cagr Of 17.3% Report By Marketsandmarkets™

The global Zero Trust Security Market size is expected to grow from an estimated value of USD 27.4 Billion in 2022 to USD 60.7 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 17.3%. Factors driving the market growth include surge in security regulations, government policies in large companies, and the increased number of data breaches across the globe. The COVID-19 pandemic has had positive impacts on the zero trust security market due to the increase in digitalization initiatives and rise in penetration of IoT across the developing countries. The API security segment by solution type is projected to grow with the highest CAGR in the forecast period.