Zero Trust Security Market Rise in Cybercrime and Internal Data Breaches,

According to Precision Business Insights (PBI), the latest report the global zero trust security market was valued at USD 21,673.9 million in 2021 and projected to grow at a 19.5% CAGR over 2022 to 2028. Zero trust is a cybersecurity strategy that allows a company to prevent unwanted access while continually confirming every level of digital contact. The need for specialized security solutions is rising as the demand for safeguarding highly complex networks, boosting network management visibility, and combating internal and external dangers connected to illegal access grows, extending the global zero trust security market. Internal and external online risks have recently emerged due to increasing technology and internet connection. Similarly, the number of data breaches and exposures has increased dramatically, raising the demand for security services, and driving market expansion.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/zero-trust-security-market/

The Cloud Segment is Dominating the Zero Trust Security Market:
Based on the development model, the zero-trust security market is segmented into on-premises and cloud. The cloud segment is anticipated to grow at a significant CAGR over the forecast years owing to cloud-based solutions and infrastructure having provided several benefits to businesses in various industry verticals. Cloud computing technology has transformed the way organizations work by increasing profitability, scalability, accessibility, and productivity. However, the ease of access to apps and information and access to many processes via cloud interfaces raises security concerns. Cyber threat agents or actors are always looking for new ways to breach or obtain access to an IT network and are adept at identifying flaws. Furthermore, knowledge of credentials might help threat actors infiltrate cloud-hosted products or data. Such problems have broadened the scope of the zero-trust security model, which is expected to improve zero-trust security solution adoption throughout the projected period.

North America Leads Zero Trust Security Market:
North America is expected to hold a significant market share in the global Zero Trust Security market and is projected to grow at a prominent growth rate over the forecast years. China, Australia, Japan, and Singapore are examples of developing economies in the Asia Pacific area. The Asia Pacific area has seen a significant increase in the sharing of sensitive data, making it one of the most vulnerable to cyberattacks. With increased digitization, the area is concerned about sophisticated cyberattacks. The increased awareness of security breaches and their impact on consumer trust and company reputation has resulted in significant demand in the area for zero trust security solutions.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Zero Trust Security market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance,In May 2021, Palo Alto Networks expanded its zero-trust package with five new essential innovations: SaaS security, enhanced URL filtering, DNS security, a cloud identity engine, and new ML-powered firewalls.In June 2020, Okta collaborated with CrowdStrike, Netskope, and Proofpoint. All the organizations came together to help implement an integrated, zero-trust security strategy required to protect remote working environments.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=62603

The Zero Trust Security market is segmented based on By Component, Deployment Model, By Enterprise Size, By Authentication, and geography.
By Component
o Solution
o Services

Deployment Model
o On-premises
o Cloud

By Enterprise Size
o Large Enterprises
o SMEs

By Authentication
o Single-factor Authentication
o Multi-factor Authentication

By Industry Vertical
o Manufacturing
o Healthcare
o Retail
o Energy and Utilities
o Others
o BFSI
o Government
o IT and Telecom

By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

Request Methodology: https://precisionbusinessinsights.com/request-methodology/?product_id=62603

Key player's profiles in the zero-trust security market report are Cisco Systems Inc. (US), Akamai Technologies (US), Palo Alto Networks (US), Okta Inc. (US), Check Point Software Technologies (US), Trend Micro Inc. (Japan), IBM Corporation (US), Symantec Corporation (US), FireEye Inc. (US), McAfee Corporation (US).

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.