Zero Trust Security Market Size Booming at 16.6% CAGR
A new report by MarketsandMarkets forecasts the zero-trust security market to surge from USD 36.5 billion in 2024 to USD 78.7 billion by 2029. This significant growth, at a CAGR of 16.6%, is driven by the rising need for robust cybersecurity as traditional perimeter-based models become less effective.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2782835
What is Zero Trust Security?
Zero trust is a modern security approach that assumes any user or device could be a potential threat. It verifies every access request using factors like identity, device health, and location. This minimizes damage from breaches by granting only the necessary access (Just-In-Time and Just-Enough-Access).
Market Growth Drivers:
- Increased Remote Work and Cloud Adoption: The growing reliance on remote work and cloud services necessitates strong zero-trust implementation.
- Demand for Specialized Expertise: Deploying zero-trust requires specialized skills, creating high demand for services like:
- Managed Security Services (MSS): Provide 24/7 monitoring and management essential for zero-trust.
- Consulting Services: Guide organizations through risk assessments, policy development, and technology selection.
- Integration & Customization Services: Tailor zero-trust solutions to specific needs.
- Training & Awareness Programs: Ensure employees understand and implement zero-trust principles effectively.
- Multi-Factor Authentication (MFA): This core zero-trust mechanism significantly strengthens access security by requiring multiple verification steps.
- Compliance Requirements: Regulations like GDPR and CCPA necessitate MFA for protecting sensitive data.
- Mitigates Credential Theft: Makes it harder for attackers using stolen credentials to gain access.
- Universal Compatibility: Works across various systems and applications.
Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=2782835
Regional Growth:
The Asia Pacific region is expected to experience the fastest growth due to:
- Rising Cyber Threats: Growing cyberattacks in China, India, and Japan drive demand for advanced security solutions.
- Rapid Digital Transformation: Increased vulnerability in booming economies like India and China fuels the need for strong security.
- Data Privacy Regulations: Stringent regulations like Singapore's PDPA and Australia's Privacy Act push organizations to adopt zero-trust for compliance.
Major Players:
The report identifies key vendors in the global zero-trust security market, including Palo Alto Networks, VMware, Zscaler, Akamai, Microsoft, Cisco, and others. It offers in-depth analysis of their strategies and recent developments.
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.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
No comments:
Post a Comment