The China market dominated the Asia Pacific 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 $8.13 billion by 2031. The Japan market is registering a CAGR of 16.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 17.8% during 2024-2031.
Zero trust security is widely used to enhance cybersecurity across various domains. Zero trust frameworks prioritize identity verification through MFA, biometric authentication, and risk-based access control. Organizations use Zero Trust to segment networks and limit lateral movement, reducing the spread of potential threats. Zero trust monitors endpoints such as laptops, mobile devices, and IoT devices to detect and respond to security threats.
The increasing number of IoT devices in industries like healthcare, manufacturing, and smart cities has led to adopting zero trust models to secure connected devices. Companies are replacing traditional VPNs with ZTNA solutions to provide secure, identity-based application access. Zero trust is being combined with secure access service edge (SASE) and integrated with security service edge (SSE) frameworks to provide comprehensive security solutions for enterprises.
The increasing adoption of digital technologies worldwide has driven the need for enhanced cybersecurity frameworks, leading to the growing prominence of the market. Two significant factors influencing this market’s growth are China’s booming software and IT services industry and Australia’s rising cybercrime incidents. China’s software and information technology services industry has witnessed remarkable growth, generating 12.33 trillion yuan (approximately 1.73 trillion U.S. dollars) in revenue in 2023, marking a 13.4% year-on-year increase. This represents a 2.2 percentage point increase in growth compared to 2022, highlighting the sector’s accelerating digital expansion. With businesses and individuals increasingly targeted by ransomware, phishing, and identity theft, zero trust security solutions can provide multi-factor authentication (MFA), network segmentation, and continuous monitoring to mitigate cyber risks. The Australian government has emphasized zero trust frameworks in its cybersecurity strategies, pushing businesses to implement strict access controls and endpoint security solutions to counter cyber threats. SMEs in Australia are particularly vulnerable to cyberattacks. Zero-trust security helps these businesses implement cost-effective, scalable security measures to protect their data, applications, and IT infrastructure. Thus, China’s booming software industry and Australia’s rising cybercrime rates are significant factors propelling the market forward.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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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