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Zero Trust Security Market worth $66.6 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, July 31, 2024 /PRNewswire/ — The Zero Trust Security Market size is projected to grow from USD 30.9 billion in 2024 to USD 66.6 billion by 2029 at a compound annual growth rate (CAGR) of 16.6% during the forecast period, according to a new report by MarketsandMarkets™. Zero Trust Security is a contemporary cybersecurity framework that transforms how organizations think about security by following the principle of “never trust, always verify.” This implies that no user or device is automatically trusted, irrespective of their place in relation to the network perimeter. Its main ideas involve explicitly verifying every access request using every piece of information available, including user identity, device health, and location. Access to the minimum required is limited through Just-In-Time (JIT) and Just-Enough-Access (JEA) policies.

Browse in-depth TOC on “Zero Trust Security Market”

275 – Tables
51 – Figures
330 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

By Offering, By Security Type, By Authentication Type, By Vertical, and By Region

Geographies covered

North America, Europe, Asia Pacific, Middle East Africa, and Latin America

Major companies covered

Major vendors in the global Zero Trust Security market include PaloAltoNetworks(US),VMware(US),Zscaler(US),Akamai(US),

Microsoft(US),Cisco(US),IBM(US),Qnext(US),

Citrix(US),Checkpoint(Isreal),Trellix(US),Forcepoint(US), Crowdstrike(US), Cloudflare (US),Fortinet(US),Google(US).

 

Organizations assume that breaches might have occurred already, which leads to strategies aimed at minimizing their impact, such as segmenting access and ensuring end-to-end encryption. Zero Trust was created as an answer to traditional perimeter-based models’ weaknesses, which normally assumed that internal users were safe. Because they are often based on legacy systems, it may be complicated for legacy systems to adopt zero trust; thus, adoption should begin with strong identity verification before moving on. These include improved security, less attack surface, and better compliance benefits. Also, more organizations can adopt it because of the increase in the increase in remote working and cloud services, which makes it vital for zero trust adoption.

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By Offering, the services segment will grow at the highest CAGR during the forecast period.

A number of factors are accelerating the growth of the zero-trust security market through the services segment. Deployment of zero-trust security is a sophisticated architectural change for which niche skills are required, which most organizations may not have within their in-house teams. This is where service providers fill that gap by helping an organization make such a transition. Growth has been driven by this demand for managed security services due to the fact that zero trust requires everything to be monitored and managed, which MSS providers deliver on through 24/7 support. Consulting services are needed to drive end-to-end zero-trust strategies that arm organizations with proper advisory capabilities in the areas of risk assessment, policy development, and technology selection. It caters to zero-trust solution integration and customization services, while risk assessment and compliance services manage associated ongoing risks and assure the required adherence. Besides, the training and awareness programs conducted by the service provider will help employees gain knowledge about zero-trust principles and ensure their proper implementation. Hence, complex zero-trust security coupled with a requirement for specialized expertise has generated strong demand for such services and hence driven market growth.

By Authentication Type, the multi-factor authentication segment will grow at a highest market size during the forecast period.

Multi-Factor Authentication (MFA) is in fact the underpinning access security mechanism for zero trust security that tops the market for multiple reasons. It really multiplies protection by being very difficult for an unauthorized person, as one needs to pass through multiple checks. Many of the on-boarded, high-value pieces of information include regulations such as GDPR, CCPA, and HIPAA necessitating the use MFA for protecting sensitive information. Cyberattacks based on stolen credentials could be easily mitigated by MFA. There are not a lot of available results highlighting the effectiveness preventing it. That works across a wide range of systems and applications, so it can be a one-stop shop to cater to all access scenarios where digital resources are involved, driven by the need for better controls altogether. But resistance often comes from change, but then everybody relies on access-externalized (i.e., names, addresses, and PINs/passwords) secrecy. Many more now put names and addresses and personal photos and videos in public-facing books globally shared with scores or hundreds of app publishers wanting you to access their apps’ features in the car-sharing economy, representing minimal shares from trillion-dollar businesses. Access technologies and technologies have miserably failed the long-awaited common-sense test, and only IDaaS guarantees decision-based real-time enforcement and dynamic secure real-time integration within the scope of the ecosystem infrastructure security architecture.

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By region, Asia Pacific will grow at the highest CAGR during the forecast period.

The Asia Pacific is poised to grow at the highest CAGR in the zero-trust security market during the forecast timeframe. Growing cyber threats in countries including China, India, and Japan are supporting regional growth. For instance, in May 2017, the entire production networks of several Taiwan-based companies were disrupted owing to a massive ransomware attack named WannaCry. The region has witnessed an upsurge in cases of data breaches, causing a high demand for secure solutions. The rapid digital transformation in growing economies, including India and China, has led to increased vulnerability for attackers demanding a strong security posture. Moreover, stringent regulations on data privacy enforced by government bodies such as the PDPA of Singapore and the Privacy Act of Australia are compelling organizations to adopt zero-trust frameworks, ensuring compliance.

Top Key Companies in Zero Trust Security Market:

Major vendors in the global Zero Trust Security Market include Palo Alto Networks(US), VMware(US), Zscaler(US), Akamai(US), Microsoft(US), Cisco(US), IBM(US), Qnext(US), Citrix(US), Checkpoint(Isreal), Trellix(US), Forcepoint(US), Crowdstrike(US), Cloudflare(US), Fortinet(US), and Google(US). The study includes an in-depth competitive analysis of the key Zero Trust Security Market players, their company profiles, recent developments, and key market strategies.

Browse Adjacent Market: Information Security Market Research Reports & Consulting

Browse Other Reports:

Endpoint Protection Platform (EPP) Market– Global Forecast to 2029

Penetration Testing as a Service Market – Global Forecast to 2029

Threat Hunting Market – Global Forecast to 2029

Digital Risk Protection Market– Global Forecast to 2028

Mobile Application Security Testing Market– Global Forecast to 2028

Get access to the latest updates on Zero Trust Security Companies and Zero Trust Security Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 

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Topband and Ecosolex Make Debut at Solartech Indonesia 2025: Full-Stack Innovation Powers a New Energy Future in Southeast Asia

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JAKARTA, Indonesia, April 25, 2025 /PRNewswire/ — Topband Co., Ltd. (Stock Code: 002139.SZ), together with its sub-brand Ecosolex, made a high-profile debut at Solartech Indonesia 2025, one of Southeast Asia’s largest and most influential renewable energy exhibitions. Under the theme “Full-Stack Innovation for a Smarter Energy Future,” Topband showcased its comprehensive energy solutions designed for both residential and commercial-industrial applications.

As a key platform in Southeast Asia’s energy transition, the exhibition drew widespread attention from global energy companies, government agencies, and industry experts. Backed by its robust capabilities in energy storage, Topband presented its signature “One Core, One Cloud, 3S” full-stack technology ecosystem—including self-developed battery cells, BMS, PCS, EMS, and a proprietary cloud platform. From cell to complete system, this vertically integrated approach demonstrated Topband’s end-to-end innovation capabilities. Combined with its ongoing localization strategy, the company quickly became a focal point at the event, securing multiple partnership intentions and underscoring its leadership in the new energy sector.

Full-Stack Technology for High-Value Energy Scenarios

At the exhibition, Topband emphasized its vertically integrated “component-to-system” development path by unveiling a series of tailored solutions for diverse use cases across the residential and commercial-industrial segments. Designed with the high heat, humidity, and grid instability of Southeast Asia in mind, Topband introduced its 215kWh and 100kWh C&I liquid-cooled energy storage cabinets. These systems, equipped with high-performance battery cells and advanced fire safety mechanisms, are well-suited for factories, shopping centers, hotels, and industrial parks—offering stable, 24/7 power supply.

Topband also showcased its 50kW and 100kW three-phase PV inverters, which deliver peak conversion efficiencies of up to 98.6%. These units are optimized for compatibility with a variety of PV modules and grid characteristics specific to Indonesia, enabling users to significantly reduce levelized cost of electricity (LCOE).

In the EV charging segment, Topband introduced its 60kW DC fast-charging solution, supporting dual-vehicle charging and real-time dynamic power allocation. With IP54 protection and an operating temperature range from -20°C to 50°C, it is engineered for outdoor reliability. OCPP protocol support allows seamless integration with customer cloud platforms, providing an efficient energy replenishment solution for electric commercial fleets and public charging infrastructure.

Localized Innovation to Support Indonesia’s Energy Transition

During the concurrent high-level forum, Riko Sugiyanto, Country Manager of Topband Indonesia, delivered a keynote titled “Trends in Energy Storage Battery Technology and Applications in Southeast Asia.” He emphasized the importance of safety and efficiency in storage systems, especially under Indonesia’s unique climate and geographical conditions. Riko highlighted Topband’s commitment to understanding the practical needs of local C&I energy users and offering adaptable solutions, such as modular system design, to respond rapidly to real project demands.

Drawing on years of global market experience and a responsive customer service framework, Topband is rapidly building a localized service and support network across Indonesia. This includes technical assistance, operations, and maintenance—ensuring quick response times and reliable aftersales care. These initiatives are in strong alignment with Indonesia’s national sustainability goals, including its “Net Zero Emission by 2060” commitment and the “Program Kepulauan Surya”(”Solar Archipelago”)development vision.

Driving Southeast Asia’s Energy Transformation

With its full-stack R&D capabilities and deep adaptation to local market needs, Topband is taking firm steps to participate in the transformation of Southeast Asia’s energy landscape. The company is playing a key role in accelerating the region’s transition to clean power—injecting long-term momentum into global sustainable energy development.

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2025 Belt and Road Creativity and Sustainable Development Seminar Held in Beijing

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BEIJING, April 25, 2025 /PRNewswire/ — A news report from CRI Online:

On April 20, the 2025 Belt and Road Creativity and Sustainable Development Seminar was held in Beijing. It was co-hosted by the International Center for Creativity and Sustainable Development (ICCSD), and the School of International and Public Affairs at Jilin University, and supported by ZGC Science Fiction Industry Innovation Center, and Beijing City of Design Development Co., Ltd. The Seminar was attended by 16 officials from foreign ministries, television stations, education ministries, and other departments of 11 countries, such as the Federal Democratic Republic of Ethiopia, the United Republic of Tanzania, the Republic of Kenya, the Republic of Ghana, the Togolese Republic, and the Republic of Sierra Leone.

Lecture was given by Yang Baozhen, Member of the Advisory Committee of ICCSD, International Expert Committee Member of the China Association for Small & Medium Commercial Enterprises (CASMCE), and former consul of the Chinese Embassy in France

Yang Baozhen, guest speaker of the Seminar, gave a lecture revolving around “China’s Implementation of the U.N.’s 2030 Agenda for Sustainable Development.” She introduced China’s methods, approaches and practical cases of poverty alleviation in detail from different aspects, such as economic initiatives, policies and mechanisms, public wellbeing, and fairness in education. Her speech vividly presented the core concept and values of Chinese modernization. Meanwhile, the lecture focused on the cooperation between China and Africa, sharing the fruitful achievements made by the two sides in infrastructure building, agricultural development, and medical assistance. In addition, Yang Baozhen called for enhanced international cooperation among different countries, so as to jointly help realize the U.N. Sustainable Development Goals (SDGs).

The African officials highly recognized China’s experience in poverty relief, and were amazed by the country’s enormous achievements in the field. They believed that China not only reminds the world of the importance and feasibility of poverty reduction, but also shares its courage and experience. In their view, China’s valuable experience in poverty alleviation has inspired new strategies for tackling poverty worldwide. They also praised China fulfilling its responsibility to promote global development as a responsible major country, and contributing to the common prosperity of the world. The officials emphasized China’s sustainable strategic planning in which continuous efforts have been put into poverty relief, and they thought that is inspiring. Some of them hoped they could learn from China’s experience in light of their respective national conditions, so as to help develop their countries.

In the afternoon, the officials went on a field trip to the Shougang Park. They visited the “RE International Center for Digital Creativity.” The Center is a digital museum-like institution displaying cultural heritage based on the transformation of the Park’s industrial relics. Using technologies like holography, digital sound field control, and extended reality (XR), it transforms the former industrial silo into a cool time machine. The officials marveled at exhibitions—the Infinite Iron City and Return to the Old Summer Palace, embracing the past and present of the Shougang Park and the splendid Summer Palace in fascinating lights and shadows.

International officials visited an exhibition named Return to the Old Summer Palace

Rumbidzai Mwalilino, a Malawian official, spoke highly of the Shougang Park using technology to conserve cultural heritage. For her, the Park reproduces historical scenes through virtual reality (VR), and artificial intelligence (AI), creating a more vivid format to communicate cultural heritage and a lively and appreciable carrier of cultural memories for the young generation. She said that inspires cultural inheritance and protection in the digital era.

International officials experienced an exhibition named “Huanju – Multiverse Immersive Sci-Fi Exhibition”

As technological waves emerge, the deep integration of culture and technology leads to the creation of innovation and changes. New cultural sectors are appearing, with the cultural industry chain continuously extending. The sci-fi industry is booming, causing cutting-edge technology such as VR, augmented reality (AR), and AI to change the way we interact with the digital world. In the metaverse digital experience complex at Shougang Park, the delegation of officials experienced an exhibition named “Huanju – Multiverse Immersive Sci-Fi Exhibition.” From Dinosaur Crisis to Rhythm Agent and Star Trek, seven sci-fi planets provided the officials with a cyber sci-fi show, leading them into a magnificent and wonderful sci-fi world.

Koroma Mark Thaimu, an official from the Republic of Sierra Leone, pointed out that China has always attached great importance to cultural inheritance while promoting the digital transformation, and has protected its unique culture and infused development with long-lasting vitality by embedding local culture into technological innovation. He planned to bring China’s experience in integrating technology and culture to Africa, hoping to harness technological innovation to support the preservation and continued development of cultural heritage.

It is said that the Seminar focuses on core topics, such as creative design, technological innovation, urban renewal and green transformation. Through special lectures, case discussion, and immersive field research, it shares China’s exploration and experience in creativity and sustainable development with officials from countries of the Belt and Road Initiative (BRI) and other relevant nations. This program builds a platform for mutual learning among civilizations based on creative endowment. It shares China’s sustainable development pattern that incorporates traditions into modern technology, and encourages officials to develop adaptable solutions according to their respective national conditions, so as to help achieve the global SDGs.

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SOURCE CRIOnline

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Cross-Border Collaboration Ignites Interactive Frenzy! Jackaroo King Teams Up with Middle East Top Influencer Duo Ali & Ziyad for Live Streaming Extravaganza

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RIYADH, Saudi Arabia, April 25, 2025 /PRNewswire/ — On April 2nd at 19:00 GMT+3, Jackaroo King—a premium product steadfast in preserving the essence of the original Jackaroo gameplay—joined forces with the Middle East’s wildly popular influencer duo علي وزياد  to host a laughter-filled, surprise-packed cross-border livestream event. Titled “Humor Without Borders, Interactive Carnival,” the livestream captivated global audiences with immersive entertainment experiences through customized virtual gifts, talent showcases, gaming challenges, and player award ceremonies, reaffirming Jackaroo King’s leadership in pioneering interactive innovation.

As one of the Middle East’s most influential influencer duos, علي وزياد has amassed over 7.75 million fans across TikTok, Snapchat, YouTube, and other platforms, thanks to their signature humor and relatable creative content. During the livestream, the duo seamlessly blended their comedic flair with Jackaroo King’s highly interactive DNA.

This collaboration between Jackaroo King and علي وزياد exemplifies a powerful alliance between brand and influencer, delivering not only a visual spectacle but also setting a new benchmark for cross-industry partnerships. Jackaroo King’s Middle East Market Director commented: “Partnering with علي وزياد transcends mere traffic synergy—it’s cultural resonance. By leveraging humor as a ‘soft touchpoint,’ we aim to showcase the brand’s innovative spirit and social value to our users.”

Rooted in the classic Jackaroo gameplay yet reimagined for the digital age, Jackaroo King has emerged as a Middle East phenomenon by prioritizing “authentic gameplay + innovative social experiences” to build an immersive social gaming ecosystem for Gen-Z. Guided by its three core strategies—”digitally redefining classic rules,””expanding real-time interactive scenarios,” and “cross-border content co-creation”—the app continues to amplify its global influence.

With a mission to “Bring Joy and Friends to Young People Around the World” and a vision to “Bring People Together Through Games, Leading the Trend of Global Online Social Entertainment,” Jackaroo King—a product deeply rooted in tradition yet boldly innovative—is redefining how the next generation socializes and plays.

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