Global Zero Trust Architecture Market Is Estimated To Witness High...

Global Zero Trust Architecture Market Is Estimated To Witness High Growth

Postado 2023-10-17 13:30:35

The Global Zero Trust Architecture Market is estimated to be valued at US$ 28.99 billion in 2023 and is expected to exhibit a CAGR of 16.7% over the forecast period from 2023 to 2030. The market report published by Coherent Market Insights highlights the increasing cybersecurity threats and the rising adoption of cloud services as the major drivers for the growth of the market.

Market Overview:
Zero Trust Architecture is a security model that eliminates the assumption of trust inside or outside the organizational network perimeter. It ensures that every user, device, and application is authenticated and authorized before granting access to the network resources. The adoption of Zero Trust Architecture helps organizations enhance their security posture, protect sensitive data, and reduce the risk of data breaches. This architecture provides enhanced visibility, control, and protection against evolving cyber threats.

Market Dynamics:
The increasing cybersecurity threats, such as advanced persistent threats, ransomware attacks, and data breaches, are driving the demand for Zero Trust Architecture solutions. Organizations across various industries are implementing this security model to protect their networks from unauthorized access and potential security breaches. Furthermore, the rising adoption of cloud services and the need for secure access to cloud applications and data are also contributing to the market growth. Zero Trust Architecture ensures secure access to cloud resources and prevents lateral movement within the network, thus improving overall cybersecurity.