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Zero-Trust Security Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

06-27-2024 01:12 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Zero-Trust Security Market Size, Trends, Latest Insights,

The global zero-trust security market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the increasing incidences of the data breaches across the globe. The zero-trust security model requires strict identity verification for every person and device including those within the network. Data security and privacy have a significant role in enterprises that aids in preventing unauthorized access to computers, websites, and databases. However, the concerns regarding data security and privacy have been rising significantly owing to the abundant amount of unprotected data and poor security infrastructure.

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Data loss is a major concern for businesses of all sizes as it results in losing money and time to recover information which is vital for every business. It can disrupt the everyday operations of any business. Zero trust security signifies that no one on the network will be trusted by default whether it is accessing the content from inside or outside of the network. This added layer of security has been demonstrating properly in preventing data breaches by completely blocking access of the individual to the content.

According to Identity Theft Resource Center (ITRC), data breaches are an ever-increasing threat to every industry, with the number of the US data breach incidents tracked in 2017 hitting a new record of 1,579 breaches. It is a 44.7% increase over 2016's record-breaking numbers. Of the data breaches reported in 2017, 8.5% involved the financial sector, such as banks, credit unions, financial services, credit card companies, investment firms, mortgage and loan brokers, payday lenders and pension funds. According to the recent study done by IBM Corp, the average cost of a single data breach is over $3 million. Owing to such factors, various industry verticals such as BFSI, manufacturing, IT & telecomm, energy & utilities, retail, and so on are adopting zero-trust security solutions; thereby, propelling the growth of the global zero-trust security model market.

Global Zero-Trust Security Market Segmentation

By Deployment Type

• Cloud-Based
• On-Premises

By Industry

• Banking, Financial Services, and Insurance (BFSI)
• Government and Defense
• IT and Telecommunications
• Retail and Ecommerce
• Energy and Utilities
• Healthcare
• Others

A full report of Zero-Trust Security Market available @ https://www.omrglobal.com/industry-reports/zero-trust-security-market

Zero-Trust Security Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Akamai Technologies, Inc.
• Blackberry, Ltd.
• Broadcom, Inc. (Symantec Corp.)
• Centrify Corp.
• Check Point Software Technologies, Ltd.
• Cisco Systems, Inc.
• Cloudflare, Inc.
• Cyxtera Technologies, Inc.
• Forcepoint
• Fortinet, Inc.
• Google,LLC

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.


Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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