The US market dominated the North America Zero Trust Security Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $25.24 billion by 2031. The Canada market is experiencing a CAGR of 17.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 16.8% during 2024-2031.
The zero trust security market is rapidly evolving as organizations recognize the increasing need for robust cybersecurity frameworks. The rise in sophisticated cyber threats, hybrid work environments, and reliance on cloud-based infrastructures have driven enterprises to adopt these models. Unlike traditional security models that assume everything within the network is trusted, zero trust operates on the principle of “never trust, always verify.”
Zero-trust security is applicable across various industries and use cases, making it a fundamental approach to modern cybersecurity. Large enterprises use Zero-Trust models to protect their sensitive data and intellectual property from external and internal threats. Companies ensure that only authorized users and devices can access critical systems by implementing multi-factor authentication (MFA), endpoint security, and micro-segmentation.
With large-scale investments, healthcare institutions in Canada are expanding their electronic health records (EHRs), telemedicine, and cloud-based health services, requiring zero trust frameworks to secure sensitive medical data. The healthcare sector remains a prime target for ransomware attacks, data breaches, and identity theft. Zero trust security ensures continuous monitoring and authentication, reducing vulnerabilities in hospitals and clinics. In addition, Mexico’s healthcare sector is increasingly adopting telemedicine platforms and cloud-based medical record systems, necessitating zero-trust security to ensure data integrity and prevent cyber threats. The increase in ransomware attacks on hospitals and healthcare providers pushes the demand for zero-trust frameworks to secure medical records and digital transactions. Mexico is advancing e-health initiatives, prompting the adoption of strong cybersecurity frameworks to protect patient information. Hence, across Canada, Mexico, and the USA, the expansion of digital healthcare services, increasing cyber threats, and strict data privacy regulations are fuelling the demand for zero-trust security solutions.
List of Key Companies Profiled
- Broadcom, Inc.
- Microsoft Corporation
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- IBM Corporation
- Cisco Systems, Inc.
- Cloudflare, Inc.
- Check Point Software Technologies Ltd.
- CrowdStrike Holdings, Inc.
- Forcepoint LLC (Francisco Partners)
Market Report Segmentation
By Authentication
- Single-factor
- Multi-factor
By Deployment
- Cloud
- On-Premises
By Enterprise Size
- Large Enterprises
- SMEs
By Type
- Network Security
- Data Security
- Endpoint Security
- On-premises Security
- Other Type
By End Use
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Other End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Companies Mentioned
- Broadcom, Inc.
- Microsoft Corporation
- Fortinet, Inc.
- Palo Alto Networks, Inc.
- IBM Corporation
- Cisco Systems, Inc.
- Cloudflare, Inc.
- Check Point Software Technologies Ltd.
- CrowdStrike Holdings, Inc.
- Forcepoint LLC (Francisco Partners)
Methodology
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