Global Zero Trust Architecture market report, market size, share, trends, analysis and forecast to…
Stratistics MRC’s Global Zero Trust Architecture Market value is expected to reach $67.18 billion growing at a CAGR of 20.2% during 2023–2030.
Zero trust architecture is also known as zero trust security models describes an approach to the strategy, design and implementation of IT systems. The main concept behind the zero trust security model is “”never trust, always verify””, which means that users and devices should not be trusted by default, even if they are connected to a permissioned network such as a corporate LAN and even if they were previously verified. ZTA is implemented by establishing strong identity verification, validating device compliance prior to granting access, and ensuring least privilege access to only explicitly-authorized resources.
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North America is expected to witness profitable growth over the projection period, due to a high level of cybersecurity awareness and the presence of major technology vendors heavily invested in ZTA innovations. This drives early adoption of advanced ZTA solutions and technologies across various industries in the region. Additionally, stringent data privacy regulations and compliance requirements, such as GDPR and CCPA, further accelerate the demand for comprehensive security frameworks like ZTA.
Some of the key players in the Zero Trust Architecture Market include Palo Alto Networks, Microsoft, VMware, Cisco, Zscaler, IBM, Akamai, Forcepoint, Citrix Systems, Inc., CrowdStrike, Cloudflare, Trellix, Fortinet, Google, Netskope, Zero Networks, Twingate, Ivanti and NordLayer.
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Key Developments:
In April 2023, Palo Alto Networks and Accenture joined forces to bolster cyber resilience with integrated Prisma SASE solutions. This partnership streamlines zero trust network access, effectively addressing security concerns for remote workforces.
In April 2023, Cisco and Microsoft unveiled a collaborative Secure Access Service Edge (SASE) cloud architecture, merging networking and security with a zero-trust approach. This strategic alliance optimizes Microsoft application performance, reinforces security, and bolsters extended detection and response capabilities.
In May 2023, Zscaler forged a strategic partnership with the Center for Internet Security (CIS) to bolster cybersecurity for state, local, tribal, and territorial governments by leveraging the CIS Cyber Market. Through this partnership, Zscaler’s Zero Trust Exchange brings forth budget-friendly, cutting-edge zero trust solutions to safeguard against the ever-evolving landscape of cyber threats.
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