Zero Trust Architecture Market Overview: Market Trends, Strategies, And Opportunities
Zero Trust Architecture Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Zero Trust Architecture Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, June 25, 2024 /EINPresswire.com/ -- The global zero trust architecture (ZTA) market1 is projected to witness substantial growth in the coming years, driven by increasing cybersecurity threats and the need for robust protection measures across digital ecosystems. Zero trust architecture revolutionizes cybersecurity practices by assuming that no connection, user, or asset is inherently trustworthy until verified, thereby minimizing attack surfaces and bolstering resilience against cyber threats.
Increasing Cyber Security Threats Fuel Market Growth
The rise in cyber security threats globally has been a pivotal factor propelling the adoption of zero trust architecture. Cyber security encompasses safeguarding computer systems, networks, and data from unauthorized access and malicious activities. The proactive nature of zero trust architecture ensures continuous identity verification, access control, and risk management, mitigating vulnerabilities and protecting critical assets from exploitation. For instance, the Australian Cyber Security Centre reported a significant increase of 38% in global cyber-attacks in 2022 compared to 2021, underscoring the urgency for robust cybersecurity frameworks.
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Major Players and Market Trends
Key players in the zero trust architecture market, such as Google LLC, Microsoft Corporation, and Cisco Systems Inc., are at the forefront of innovation, developing advanced solutions to meet evolving cybersecurity demands. These innovations include updated versions of zero trust security frameworks that empower organizations to implement comprehensive zero trust strategies effectively.
In a recent development, the Cybersecurity and Infrastructure Security Agency (CISA) in the U.S. launched an updated Zero Trust Maturity Model Version 2 in April 2023. This model provides a structured approach for organizations transitioning to zero trust architectures, offering clarity and guidelines to enhance security policies and practices.
Segments:
Offering: Solution, Services
Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
Deployment Mode: Cloud, On-Premises
Application: Network Security, Data Security, Endpoint Security, Cloud Security, Application Security
Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Defense, Information Technology And Information Technology enabled Services, Healthcare, Retail And Ecommerce, Energy And Utilities, Other Verticals
Geographical Insights: North America Leading, Asia-Pacific Fastest-Growing
North America dominated the zero trust architecture market in 2023, owing to high adoption rates and technological advancements. Meanwhile, Asia-Pacific is expected to emerge as the fastest-growing region, driven by increasing digital transformation initiatives and cybersecurity investments.
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Zero Trust Architecture Global Market Report 20242 from TBRC covers the following information:
Market size data for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Zero Trust Architecture Global Market Report 2024 by The Business Research Company3 is the most comprehensive report that provides insights on zero trust architecture market size, zero trust architecture market drivers and trends, zero trust architecture market major players, competitors' revenues, market positioning, and market growth across geographies. The zero trust architecture market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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