Global Zero Trust Security Market to generate USD 60.25 billion by 2027, Predicted by Intelligence Market Report

Global Zero Trust Security Market is valued approximately USD 19.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 17.4 % over the forecast period 2021-2027. Zero Trust is a security framework that requires all users, both inside and outside the integration node, to be authenticated, authorized, and continuously verified for security configuration and posture before ever being granted or maintaining access to applications and types. During the forecast period, zero-trust security has grown tremendously, utilizing an identity provider to gain permissions and identifying validation rights based on the user and the gadgets. Basic authentication rights may include device and user identity validation to determine whether or not the enterprise operates these devices. Furthermore, the market’s expansion is expected to be aided by an increase in cybersecurity breaches as a result of the adoption of cloud-based services and rising digital transformation.

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Risk Orchestrator was launched by Cyxtera Technologies in April 2019 to expand the strength, size, and reach of their Total Fraud Protection platform. Along with this, government legislation such as the European Union’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) in the United States are likely to open up innovative products and solutions for the zero-trust security market. However,Cyber security requirements are growing faster than budgets allocated to address them. Most small businesses do not have the budget or IT security expertise to implement enhanced internet security solutions to protect their network and IT infrastructure from various cyber-attacks. Limited capital funding can be a major impediment for some small and medium-sized businesses adopting zero-trust security.As enterprises across industries adopt IoT tools to monitor operational efficiency and speed, IoT traffic is expected to witness the fastest growth. The increasing adoption of these IoT devices has broadened the scope of malicious hackers’ attacks.

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Major market player included in this report are:
Cisco Systems Inc.
Akamai Technologies
Palo Alto Networks
Okta Inc.
Check Point Software Technologies
Trend Micro Inc.
IBM Corporation
Symantec Corporation
FireEye Inc.
McAfee Corporation

ByType:
Network Security
Data Security
Endpoint Security
Security Orchestration Automation and Response
API SecurityTypes
Security Analytics
Security Policy Management
Others

ByDeployment type:
On-Premises
Cloud

By Authentication type:
Single-factor Authentication
Multi-factor Authentication

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By Organization Size:
SMEs
Large Enterprise

By Verticals:
IT and ITES
Financial and Insurance
Healthcare and Social Assistance
Retail Trade
Utilities
Others

Target Audience of the Global Zero Trust SecurityMarket in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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This release was published on openPR.