Skip to main content

Zero Trust Security Market Estimated To Experience A Hike In Growth By 2030

Zero trust security is a strategic cybersecurity technique that protects an organization from getting rid of implicit trust and regularly confirming every digital contact. The policy is based on ‘never trust, always verify’ and uses strong network segmentation, threat prevention, reliable authentication techniques, etc. The lack of zero trust security and other granular security restrictions allows tech-savvy attackers to conduct malicious activities and access sensitive corporate information. The policy also emphasizes on never trusting devices by default, even if they’re connected to a corporate LAN or any other permissioned network.

Forecast Analysis of the Zero Trust Security Market

Organizations’ growing demand for better data security solutions, availability of high-speed internet connectivity, and the rising adoption of cloud-based models for better scalability, profitability, accessibility, and efficiency are some factors to drive the growth of the global zero trust security market during the analysis years. Moreover, the potential for security vulnerabilities in some sections of the infrastructure and the increasing demand for better data communication are some more factors predicted to offer ample growth opportunities for the global zero trust security market by 2030. In addition, the implementation of well-organized and time-saving data security policies by businesses is also estimated to augment the market development during the analysis years. However, high implementation cost of zero trust security is the major hampering factor for the market growth.

Regionally, the zero trust security market in the Europe region is projected to be the most dominant and grow at 15.1% CAGR by 2030 due to widespread adoption of mobile devices and cloud-based technologies in the region. Moreover, government’s strict regulations regarding data protection in corporates is also estimated to augment the market growth in the Europe region during the forecast period.

According to the report published by Research Dive, the global zero trust security market is expected to garner a revenue of $87,162.8 million and grow at 14.7% CAGR during the 2021-2030 analysis timeframe. Some significant zero trust security market players are Fireeye, Akamai Technologies, Okta, Broadcom Inc., Fortinet Inc., Cisco Systems Inc., Palo Alto Networks, IBM Corporation, Check Point Software Technologies Ltd., Mcafee LLC, among others.

Access an Exclusive PDF Sample of Zero Trust Security Market@ https://www.researchdive.com/download-sample/5368

Covid-19 Impact on the Market

The onset of the covid-19 pandemic has positively impacted the global zero trust security market mainly due to increased adoption of digital technologies like cloud computing during the catastrophic chaos. Governments worldwide have imposed strict travel restrictions and social distancing norms that has forced employees to work from home. This has led to the growing demand for high-speed internet connectivity and well-established data security solutions especially in the corporate industry. And due to vulnerable networking infrastructure, tech-savvy hackers can easily conduct phishing attacks against unprotected systems. These factors are anticipated to augment the market growth during the pandemic chaos.

 To know more about Global Information of Zero Trust Security Market, Click Here to Get in Touch with our Expert Analyst@ https://www.researchdive.com/connect-to-analyst/5368

Prominent Zero Trust Security Market Trends & Developments

Some prominent organizations operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the market to flourish during the 2021-2030 analysis period. For instance:

In October 2021, Vectra AI, an AI-driven threat detection solutions provider, announced its collaboration with Microsoft at GITEX Technology Week 2021, to actively mitigate threats emerging from distributed and hybrid-remote workforces. The strategic collaboration brought its Threat Detection and Response platform’s zero trust capabilities to Microsoft platforms for Office 365 and Azure AD.

In December 2021, Tech Data India, a world-class software company, announced its partnership with Zscaler, a cloud services provider, to boost and purchase security solutions as part of the latter’s zero trust security platform directly from Tech Data India.

In February 2022, IBM (International Business Machines), an American multinational technology company, announced its acquisition of Neudesic, a renowned U.S. cloud services consultant, to develop its hybrid multi-cloud services portfolio and enhance its hybrid cloud and AI strategy with the help of the latter’s expertise in the cloud domain.

Avail 10%OFF on Report Customization of Zero Trust Security Market@ https://www.researchdive.com/request-for-customization/5368


About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
+1-(917)-444-1262 (US)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
Blog:  https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521

Labels:

Comments

Post a Comment

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...
Post a Comment
Read more

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...
2 comments
Read more

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more